Burdensome Agreements definition
Burdensome Agreements has the meaning assigned to such term in Section 7.08.
Burdensome Agreements. Enter into or permit to exist any Contractual Obligation (other than this Agreement or any other Loan Document) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments to the Borrower or any Guarantor or to otherwise transfer property to or to make Investments in the Borrower or any Guarantor, except for (A) any agreement in effect on the date hereof or at the time any Subsidiary becomes a Subsidiary of the Borrower, so long as such agreement was not entered into solely in contemplation of such Person becoming a Subsidiary of the Borrower, (B) any other agreement or instrument entered into after the Restatement Closing Date, provided that the encumbrances or restrictions in any such other agreement or instrument are no more restrictive in any material respect than those contained in this Agreement or the Senior Notes Indenture, (C) any Permitted Lien or any document or instrument governing any Permitted Lien, provided that any such restriction contained therein relates only to the asset or assets subject to such Permitted Lien, or (D) non-assignability provisions in contracts entered into in the ordinary course of business, (ii) of any Subsidiary to Guarantee the Indebtedness of the Borrower other than the Senior Notes Indenture as in effect on the date hereof, the Senior Subordinated Notes Indenture as in effect on the date hereof, the Convertible Notes Indenture as in effect on the date hereof and any Material Debt Document governing Indebtedness permitted under Section 7.02(b), (c), (d) or (i) so long as the applicable provisions thereof are no more restrictive in any material respect than the Senior Notes Indenture, Senior Subordinated Notes Indenture or this Agreement as in effect on the date hereof or (iii) of the Borrower or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person other than (A) the Senior Notes Indenture as in effect on the date hereof, the Senior Subordinated Notes Indenture as in effect on the date hereof, the Convertible Notes Indenture as in effect on the date hereof or any Material Debt Document governing Indebtedness permitted under Section 7.02(b), (c), (d) or (i) so long as the applicable provisions thereof are not materially more restrictive, taken as a whole, than the Senior Subordinated Notes Indenture or the Senior Notes Indenture as in effect on the date hereof, (B) any Permitted Lien or any document or instrument governing any Permitted Lien, provided that any s...
Examples of Burdensome Agreements in a sentence
No Loan Party is subject to any Burdensome Agreements except Burdensome Agreements permitted under Section 7.08.