Activities of Holdings. Holdings (i) conducts any business other than its ownership of equity securities of Borrowers, or (ii) incurs any Debt or liabilities other than as expressly permitted under the Loan Documents and other liabilities incidental to the conduct of its business as a holding company.
Appears in 4 contracts
Samples: Second Lien Credit Agreement (Performance Health Holdings Corp.), Credit Agreement (Performance Health Holdings Corp.), Credit Agreement (Performance Health Holdings Corp.)
Activities of Holdings. Holdings (i) conducts any business other than its ownership of equity securities of BorrowersBorrower, the issuance of equity of Holdings permitted hereunder, the conducting of audits, and the other activities of Holdings permitted hereunder, or (ii) incurs any Debt or liabilities other than as expressly permitted under the Loan Documents and other liabilities incidental to the conduct of its business as permitted hereunder; provided, that Holdings may consummate a holding companyHoldings Transaction.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (AmWINS GROUP INC), Credit Agreement (AmWINS GROUP INC)
Activities of Holdings. Holdings (i) conducts any business other than its ownership of equity securities of BorrowersBorrower, or (ii) incurs any Debt or liabilities other than as expressly permitted under the Loan Documents and other liabilities incidental to the conduct of its business as a holding company.
Appears in 1 contract
