Limitations on Business Activities. The Issuer shall not, and shall not permit any Restricted Subsidiary to, engage in any business other than Similar Businesses, except as would not be material to the Issuer and its Restricted Subsidiaries, taken as a whole.
Limitations on Business Activities. The Parent shall not, and shall not permit any Restricted Subsidiary to, engage in any business other than Similar Businesses, except as would not be material to the Parent and its Restricted Subsidiaries, taken as a whole.
Limitations on Business Activities. The Company shall not, and shall not permit any Restricted Subsidiary to, engage in any business other than Similar Businesses, except as would not be material to the Company and its Restricted Subsidiaries, taken as a whole.
Limitations on Business Activities. Except as set forth on Schedule 3.17 hereto, the Company and each Significant Subsidiary and, to the Company's best knowledge, each other Subsidiary is not, and after the Effective Time neither the Surviving Corporation nor Parent (by reason of any agreement to which the Surviving Corporation is a party) will be, subject to any noncompetition or similar restriction on their respective businesses or activities or those of their affiliates, except such as could not reasonably be expected to have a Material Adverse Effect on the Company.
Limitations on Business Activities. The Borrower will not conduct any business or engage in any activity or hold any assets other than holding the shares of capital stock of its Subsidiaries and administrative activities directly related thereto.
Limitations on Business Activities. 37 SECTION 9 EVENTS OF DEFAULT. 37 9.1 Events of Default. 37 9.2 Acceleration; Remedies. 39 SECTION 10 AGENCY PROVISIONS. 40 10.1 Appointment, Powers and Immunities. 40 10.2 Reliance by Agent. 40 10.3 Defaults. 41 10.4 Rights as a Lender. 41 10.5
Limitations on Business Activities. (a) The Borrower shall not (i) hold any assets other than Capital Stock of Sheridan and cash, (ii) have any liabilities other than the liabilities under the Credit Documents and fees and expenses in connection with the Transaction or (iii) engage in any business other than (A) owning Capital Stock of Sheridan and activities incidental or related thereto, (B) acting as the Borrower hereunder and pledging the Capital Stock of Sheridan owned by it to the Agent, for the benefit of the Lenders, pursuant to the Pledge Agreement.
Limitations on Business Activities. Neither of the Credit Parties will issue or have outstanding any shares of preferred Capital Stock which by the terms thereof could be (at the request of the holders thereof or otherwise) subject to mandatory sinking fund payments, redemption or other acceleration (other than as a result of a Change of Control or an Asset Disposition that does not in fact result in a redemption of such preferred Capital Stock) at any time prior to the Maturity Date.
Limitations on Business Activities. Section 4.07 of the Parent Disclosure Schedule identifies all contractual limitations to which Parent or its subsidiaries are subject which would limit in a material manner the business operations of the Company as a pharmacy benefit management company subsequent to the Merger.
Limitations on Business Activities. From and after the contribution contemplated by Section 1 of the Contribution Agreement, the Company and its Subsidiaries shall not engage in any business other than (i) directly or indirectly holding the Class C Units, (ii) discharging their obligations under or in connection with this Note Agreement, the Notes, the Certificate, the Merger Agreement, the Contribution Agreement and any Indebtedness of the Company to PIMCO Advisors, and (iii) their respective governance and existence.
