Common use of Further Limitations on Actions Clause in Contracts

Further Limitations on Actions. The Issuer shall not do any of the following without the consent of the Control Party: (i) redeem, retire, purchase or otherwise acquire, directly or indirectly, any of the Issuer’s membership interests, except in connection with employment or similar agreements with officers and directors of the Issuer, or (ii) make any change in the Issuer’s capital structure (except for permitted redemptions or prepayments of the Notes hereunder), or (iii) make any material change in any of its objectives, purposes or operations.

Appears in 8 contracts

Samples: Indenture (Resource America, Inc.), Lockbox Intercreditor Agreement (Resource America, Inc.), Indenture (LEAF Equipment Finance Fund 4, L.P.)

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