Activity Limitations Sample Clauses
Activity Limitations. Notwithstanding any other provision of this Operating Agreement and any provision of law, the Company shall not do any of the following: hereof; Engage in any business or activity other than as set forth in Section 1.04 Without the unanimous affirmative vote of the members of the Board of Managers of the Company, including the Independent Manager, dissolve or liquidate, in whole or in part, or institute proceedings to be adjudicated bankrupt or insolvent, (ii) consent to the institution of bankruptcy or insolvency proceedings against it, (iii) file a petition seeking or consent to reorganization or relief under any applicable federal or state law relating to bankruptcy, (iv) seek or consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or a substantial part of its property, (v) make a general assignment for the benefit of creditors, (vi) admit in writing its inability to pay its debts generally as they become due, (vii) take any corporate action in furtherance of the actions set forth in clauses (i) through (vi) of this paragraph, or (viii) in its capacity as shareholder, certificateholder, partner, member or other equity owner, cause or consent to the taking of any of the actions set forth in clauses (i) through (vii) of this paragraph by any affiliate; provided, however, that no Manager may be required by any Member to consent to the institution of bankruptcy or insolvency proceedings against the Company so long as it is solvent; Without the unanimous affirmative vote of the members of the Board of Managers of the Company, including the Independent Manager, merge or consolidate with any other corporation, company or entity or sell, lease or otherwise transfer (except as contemplated by Section 1.04 hereof) all or substantially all of its assets to, or acquire all or substantially all of the assets or capital stock or other ownership interests of, any other corporation, company or entity (except as contemplated by this Agreement); or Without the unanimous affirmative vote of the members of the Board of Managers of the Company, including the Independent Manager, create, incur, or assume or in any manner become liable in respect of any indebtedness other than (i) accounts payable and expense accruals incurred in the ordinary course of business and which are incident to the single business purpose of the Company as stated in Section 1.04, and (ii) any liability in respect of the unpai...
Activity Limitations. Except for the Tax Ruling (as defined in Section 5.2.15), Witech has not entered into any agreement or arrangement with any taxing authority that requires it to take any action or to refrain from taking any action.
Activity Limitations. The following activities on the Property are subject to the following activity limitations:
i. Each building constructed at the Property must include a sub-slab building vapor venting system that has been approved by the MPCA.
ii. Any person proposing to construct a building at the Property or develop the Property shall prepare and submit a Response Action Plan or Construction Contingency Plan, as applicable, to the MPCA and to Grantor for review and approval prior to initiating site development or building construction.
iii. There shall be no disturbance, removal, or interference with any vapor monitoring points installed at the Property. The foregoing restriction shall not apply to the City or its successors and assigns, which shall be entitled to repair, maintain, relocate, remove and replace the vapor monitoring points.
iv. Except as required as part of an MPCA-approved environmental response project, there shall be no extraction of ground water from beneath the Property for any purpose and there shall be no installation of any ▇▇▇▇▇, borings, trenches or drains which could be used to extract ground water.
Activity Limitations. None of the Acquired Subsidiaries has entered into any agreement or arrangement with any taxing authority that requires it to take any action or to refrain from taking any action.
Activity Limitations. IIS has not entered into any agreement or arrangement with any Taxing authority that requires it to take any action or to refrain from taking any action.
Activity Limitations. The following activities on the Property are prohibited except as provided in Paragraph 8:
i. There shall be no disturbance of soils on the Property of any nature whatsoever, specifically including, but not limited to, grading, excavation, boring, drilling or construction, unless such work is done pursuant to a work plan approved in writing by the MPCA prior to the commencement of such work.
ii. Except as required as part of the MPCA-approved environmental response project, there shall be no extraction of ground water from beneath the Property for any purpose and no installation of any ▇▇▇▇▇, borings, trenches or drains which could be used to extract such ground water, unless such installation of any ▇▇▇▇▇, borings, trenches or drains is done under a work plan approved by the MPCA.
iii. There shall be no disturbance, removal or interference with the active vapor mitigation system located on the Property, except for routine operation and maintenance of the system and as otherwise allowed.
Activity Limitations. OptiSystems has not entered into any agreement or arrangement with any taxing authority that requires it to take any action or to refrain from taking any action, except for the undertaking in connection with the grant of an "approved enterprise" status as described in Section 2.27 of the OptiSystems Disclosure Schedule and the undertaking in connection with the grant of options under Section 102 of the Israeli Income Tax Ordinance.
Activity Limitations. Neither Prototype nor any of its subsidiaries has entered into any agreement or arrangement with any taxing authority that requires it to take any action or to refrain from taking any action, except for the undertaking in connection with the grant of an "Approved Enterprise" status as described in Section 2.10.14 and the undertaking in connection with the grant of options under Section 102 of the Israeli Income Tax Ordinance.
Activity Limitations. Neither the Company nor any Company Subsidiary has entered into any agreement or arrangement with any taxing authority that requires it to take any action or to refrain from taking any action, except for the undertaking in connection with the grant of an “Approved Enterprise” status and the undertaking in connection with the grant of options under Section 102 of the Ordinance.