Eligible activity definition
Examples of Eligible activity in a sentence
AM-BT covenants and agrees that it will not consent (based on facts and information provided to AM-BT by the Management Committee) to the acquisition of any additional asset by or on behalf of the Company or the commencement by the Company of any activity not engaged in on the Effective Date, unless such asset or activity, as the case may be, is a Holding Company Eligible asset or Holding Company Eligible activity, as the case may be.
BT Investor covenants and agrees that it will not consent (based on' facts and information provided to BT Investor by the Manager) to the acquisition of any additional asset by or on behalf of the Company or the commencement by the Company of any activity not engaged in on the Effective Date, unless such asset or activity, as the case may be, is a Holding Company Eligible asset or Holding Company Eligible activity, as the case may be.