No Acquisition. Except for the opening of additional Restaurants pursuant to the Development Agreement or the Business Plan, the Company shall not acquire any business on a going-concern basis, whether by the acquisition of assets or of interests (equity or otherwise) in any Person, or otherwise, or make or purchase any investment (including, without limitation, any Indebtedness, any guarantee or any ownership or similar interest in any Person) or make any loan or advance to any Person.
Appears in 2 contracts
Sources: Participation and Operating Agreement (Ruby Tuesday of Bryant, Inc.), Participation and Operating Agreement (Ruby Tuesday of Bryant, Inc.)
No Acquisition. Except for (i) the Acquisition and (ii) the opening of additional Restaurants pursuant to the Development Agreement or the Business Plan, the Company shall not acquire any business on a going-concern basis, whether by the acquisition of assets or of interests (equity or otherwise) in any Person, or otherwise, or make or purchase any investment (including, without limitation, any Indebtedness, any guarantee or any ownership or similar interest in any Person) or make any loan or advance to any Person.
Appears in 1 contract
Sources: Participation and Operating Agreement (Ruby Tuesday of Bryant, Inc.)