ACTIVITIES OF NEW MEDITRUST-LLC Sample Clauses

ACTIVITIES OF NEW MEDITRUST-LLC. The parties hereto acknowledge that New Meditrust-LLC currently owns the Other Assets and that New Meditrust-LLC intends to and shall convey, assign or otherwise transfer the Other Assets to other entities owned directly or indirectly by Meditrust, other than the Subsidiaries, prior to the Closing Date. Consequently, during the term of this Agreement, New Meditrust-LLC is free to act without restriction with respect to all of the Other Assets; PROVIDED, HOWEVER, that notwithstanding such freedom to act, the Express Representations and Warranties contained in Section 7.2(b)(1) and Section 7.2(c)(1) shall be true and correct as of the Closing Date. (q)
Sample 1
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Related to ACTIVITIES OF NEW MEDITRUST-LLC

  • Restrictions on Activities of the Trust Notwithstanding any other provision of this Agreement and any provision of law that otherwise so empowers the Trust, so long as any Certificates are outstanding, the Trust shall not, and none of the Trustee, the Delaware Trustee, the Company or the Servicer shall knowingly cause the Trust to, do any of the following:

  • Activities of Manager The obligations of Manager pursuant to the terms and provisions of this Management Agreement shall not be construed to preclude Manager from engaging in other activities or business ventures, whether or not such other activities or ventures are in competition with Owner or the business of Owner.

  • Limitations on the Company’s Activities (i) This Section 9(j) is being adopted in order to comply with certain provisions required in order to qualify the Company as a “special purpose” entity.

  • Other Activities of Administrator Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its or their sole discretion, from acting as an administrator for any other person or entity, or in a similar capacity therefor, even though such person or entity may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee.

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