Limitation on Business Activities. The Company shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, engage in any business other than Permitted Businesses; provided that, the Company or any Restricted Subsidiary may own Capital Stock of an Unrestricted Subsidiary or joint venture or other entity that is engaged in a business other than Permitted Businesses as long as any Investment therein was not prohibited under Section 4.06.
Appears in 3 contracts
Samples: Indenture (Bright Scholar Education Holdings LTD), Paying and Transfer Agent and Registrar (eHi Car Services LTD), Paying and Transfer Agent and Registrar (eHi Car Services LTD)
Limitation on Business Activities. The Company shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, engage in any business other than a Permitted Businesses; provided that, the Company or any Restricted Subsidiary may own Capital Stock of an Unrestricted Subsidiary or joint venture or other entity that is engaged in a business other than Permitted Businesses as long as any Investment therein was not prohibited under Section 4.06.Business. ARTICLE Five
Appears in 1 contract
Samples: Indenture (Nm Licensing LLC)
