Limitations on Indiana Subsidiaries Sample Clauses
Limitations on Indiana Subsidiaries. With respect to the Indiana Subsidiaries, engage in any business activities other than (i) activities incidental to the winding down of the corporate existence of the Indiana Subsidiaries, (ii) activities solely necessary to permit the transfer of property to the Borrower and the other Loan Parties hereunder, and (iii) activities related to the maintenance and management and sale of the real property owned or leased by the Indiana Subsidiaries. For the avoidance of doubt, no Loan Parties shall transfer to the Indiana Subsidiaries any Loan proceeds or Collateral or other assets, other than cash or Cash Equivalents that are necessary or desirable in order to comply with Section 8.26(c) and this Section 8.27.
