Joint Ventures or Partnerships Sample Clauses

Joint Ventures or Partnerships. Company shall not, nor shall it permit any other Credit Party to enter into or be party to any Joint Venture (including, without limitation, by way of selling the Capital Stock of a Subsidiary), unless (a) (i) any interest received by a Credit Party in such Joint Venture is pledged to the Collateral Agent (for the benefit of the Secured Parties) pursuant hereto or (ii) the interest received by a Credit Party in such Joint Venture is wholly owned by a Joint Venture Holding Company and (b) is permitted by Sections 6.7(g) or (k).
Sample 1
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Joint Ventures or Partnerships. Enter into any Joint Venture or partnership (including, without limitation, by way of selling the capital stock or other equity interests of a Subsidiary) unless (a) any interest received by a Credit Party in such Joint Venture or partnership is pledged to the Collateral Agent (for the benefit of the Secured Parties) pursuant hereto and (b) the Borrower shall have prepaid the Loans hereunder as required by Section 2.11(c) hereof.
Sample 1
Joint Ventures or Partnerships. Enter into after the Closing Date any Joint Venture (including by way of selling the capital stock or other Equity Interests of a Subsidiary) other than in connection with the acquisition of Texas Genco in accordance Section 5.18 hereof, unless such arrangement (a) (i) constitutes an Investment permitted by Section 6.3(u) hereof or (ii) has been consented to by the Administrative Agent and (b) to the extent permitted under the relevant agreements, any interest received by a Credit Party in such Joint Venture or partnership is pledged to the Collateral Agent (for the benefit of the Secured Parties) pursuant to the Security Agreement.
Sample 1
Joint Ventures or Partnerships. The Company will not, and will not permit any of its Domestic Subsidiaries to, enter into any Joint Venture or partnership (including, without limitation, by way of selling the capital stock or other equity interests of a Subsidiary) unless (a) any interest received by any Credit Party in such domestic Joint Venture or partnership is pledged to the Collateral Agent (for the benefit of the Secured Parties) pursuant HERETO and (b) the Company shall have prepaid the Notes hereunder as required by Section 7.2(d) hereof to the extent that any Credit Party receives any Net Cash Proceeds therefrom.
Sample 1
Joint Ventures or Partnerships. PT is not, nor has it agreed to become, a member of any joint venture or partnership, and PT is not, nor has it agreed to become, a party to any agreement or arrangement for participating with others in any business sharing commissions or other income, except with respect to PT’s settlement obligations pursuant to its interconnection agreements with Telekomunikacja Polska SA.
Sample 1
Joint Ventures or Partnerships. Enter into any Joint Venture (other than the Existing International Joint Ventures) or partnership (other than Williams Communications Procurement, LP, a Delaware limited partnersxxx) (xxcluding, without limitation, by way of selling the capital stock or other Equity Interests of a Subsidiary) unless (a) such arrangement has been consented to by the Administrative Agent and the Required Lenders in writing, (b) any interest received by a Loan Party in such Joint Venture or partnership is pledged to the Administrative Agent (for the benefit of the Secured Parties) pursuant to the Security Agreement and (c) the applicable Loan Party shall have prepaid the Loans hereunder as required by Section 2.9(f) hereof.
Sample 1
Joint Ventures or Partnerships. Section 6.15 of the Credit Agreement is hereby amended by deleting the reference to "Sections 6.7(g) or (i)" and substituting the following: "Sections 6.7(g) or (k)."
Sample 1
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Joint Ventures or Partnerships. Redentor does not possess and will not possess, directly or indirectly, any shareholdings or ownership interest in any company, partnership, association, trust, partnership or joint venture, and does not maintain any agreement for the acquisition of any shareholdings or equity interest.
Sample 1

Related to Joint Ventures or Partnerships

  • Joint Ventures The joint venture or partnership arrangements in which the Company or the Partnership is a co-venturer or general partner which are established to acquire or hold Assets.

  • Subsidiaries, Partnerships and Joint Ventures Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, own or create directly or indirectly any Subsidiaries other than (i) any Subsidiary which has joined this Agreement as a Guarantor on the Closing Date or which is listed on Schedule 6.1.3 hereto (excluding Koppers Assurance); (ii) any Subsidiary formed under the laws of the United States or a state thereof (and prior to the redemption of all the 2003 Senior Notes, any Subsidiary formed under the laws of Australia or any territory or state thereof) after the Closing Date which joins this Agreement as a Guarantor pursuant to Section 11.18 [Joinder of Guarantors], provided that such Subsidiary and the Loan Parties, as applicable, shall grant and cause to be perfected first priority Liens to the Administrative Agent for the benefit of the Lenders (in form and substance satisfactory to the Administrative Agent) in the assets held by, and stock of or other ownership interests in, such Subsidiary; (iii) upon prior written notice to the Administrative Agent, any Subsidiary which is (a) not formed under the laws of the United States or a state thereof, (b) not a Guarantor hereunder, and (c) as to which the investment in such Subsidiary (together with all other loans, advances and investments to and in other such Subsidiaries) by the Loan Parties does not exceed the amount permitted under Section 8.2.4(vi), and (iv) upon prior written notice to the Administrative Agent, any Subsidiary formed under the laws of Luxembourg which is used to effect any Foreign Holding Company Reorganization. Any Subsidiary which executes a Guaranty of any Indebtedness under the 2003 Senior Notes shall execute and deliver a Guaranty Agreement in favor of the Administrative Agent. Except as set forth on Schedule 8.2.9 and to the extent permitted by Section 8.2.4(vii), each of the Loan Parties shall not become or agree to (1) become a general or limited partner in any general or limited partnership, except that the Loan Parties may be general or limited partners in other Loan Parties, (2) become a member or manager of, or hold a limited liability company interest in, a limited liability company, except that the Loan Parties may be members or managers of, or hold limited liability company interests in, other Loan Parties, or (3) become a joint venturer or hold a joint venture interest in any joint venture. At such time as the Borrower shall have redeemed all the 2003 Senior Notes and the security interests and other Liens of the 2003 Trustee shall have terminated, the Administrative Agent shall and hereby is authorized by the Lenders to (i) release from the Guaranty Agreement all Guarantors which are not formed under the laws of the United States or a state thereof, (ii) release all Collateral granted to the Administrative Agent by such foreign Guarantors which are released from the Guaranty Agreement, and (iii) reduce the pledge of 100% of the stock of any foreign Subsidiary owned by the Borrower or any Guarantor which is formed under the laws of the United States or any state thereof to a pledge in the amount of 65% of the stock of any foreign Subsidiary owned by the Borrower or any Guarantor which is formed under the laws of the United States or any state thereof. The Loan Parties hereby agree at all times after the redemption of the 2003 Senior Notes to cause 65% of the stock of any foreign Subsidiary owned by the Borrower or any Guarantor which is formed under the laws of the United States or any state thereof to be subject to the terms of the Pledge Agreement in favor of the Administrative Agent as Collateral for the Obligations.

  • Partnerships and Joint Ventures No Loan Party shall become a general partner in any general or limited partnership or a joint venturer in any joint venture.

  • No Joint Venture or Partnership Borrower and Lender intend that the relationship created hereunder be solely that of borrower and lender. Nothing herein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in the Collateral other than that of secured party, mortgagee or lender.

  • Partnership The Partnership shall be given days’ notice to purchase the ownership interest under the same terms agreed upon by the potential buyer.

  • Partnerships If Contractor is an association, partnership, or other joint business venture, the basic coverage may be provided by either (i) separate insurance policies issued for each individual entity, with each entity included as a named insured or as an additional insured; or (ii) joint insurance program with the association, partnership, or other joint business venture included as a named insured.

  • BUSINESS OF THE PARTNERSHIP The purpose and nature of the business to be conducted by the Partnership is (i) to conduct any business that may be lawfully conducted by a limited partnership organized pursuant to the Act, provided, however, that such business shall be limited to and conducted in such a manner as to permit the General Partner at all times to qualify as a REIT, unless the General Partner otherwise ceases to qualify as a REIT, and in a manner such that the General Partner will not be subject to any taxes under Section 857 or 4981 of the Code, (ii) to enter into any partnership, joint venture, co-ownership or other similar arrangement to engage in any of the foregoing or the ownership of interests in any entity engaged in any of the foregoing and (iii) to do anything necessary or incidental to the foregoing. In connection with the foregoing, and without limiting the General Partner’s right in its sole and absolute discretion to qualify or cease qualifying as a REIT, the Partners acknowledge that the General Partner intends to qualify as a REIT for federal income tax purposes and upon such qualification the avoidance of income and excise taxes on the General Partner inures to the benefit of all the Partners and not solely to the General Partner. Notwithstanding the foregoing, the Limited Partners agree that the General Partner may terminate its status as a REIT under the Code at any time to the full extent permitted under the Charter. The General Partner on behalf of the Partnership shall also be empowered to do any and all acts and things necessary or prudent to ensure that the Partnership will not be classified as a “publicly traded partnership” for purposes of Section 7704 of the Code.

  • Subsidiaries and Joint Ventures Create, acquire or otherwise suffer to exist, or permit any Subsidiary of such Borrower to create, acquire or otherwise suffer to exist, any Subsidiary or joint venture arrangement not in existence as of the date hereof, except in connection with a Permitted Acquisition.

  • No Partnership or Joint Venture Neither the Trust, the Fund nor the Adviser are partners of or joint venturers with each other and nothing herein shall be construed so as to make them such partners or joint venturers or impose any liability as such on any of them.

  • Joint Venture Nothing contained in this Agreement shall be construed as creating a joint venture, partnership, agency or employment relationship between Plan and Controlled Affiliate or between either and BCBSA.

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