Common use of No Other Business or Debt Clause in Contracts

No Other Business or Debt. The Borrower shall not engage, directly or indirectly, in any business other than the actions required or permitted to be performed under its Organizational Documents or the Transaction Documents. The Borrower shall not incur, create or assume any indebtedness except as expressly permitted under the Transaction Documents.

Appears in 7 contracts

Samples: Receivables Financing Agreement (Traeger, Inc.), Receivables Financing Agreement (Oncor Electric Delivery Co LLC), Receivables Financing Agreement (PACIFIC GAS & ELECTRIC Co)

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No Other Business or Debt. The Borrower shall not engage, directly or indirectly, engage in any business or activity except as set forth in the Transaction Agreements or in its organizational documents nor, incur any indebtedness or liability other than the actions required or permitted to be performed under its Organizational Documents or the Transaction Documents. The Borrower shall not incur, create or assume any indebtedness except Obligations and as expressly permitted under by the Transaction DocumentsDocuments (including, for the avoidance of doubt, the Subordinated Notes).

Appears in 2 contracts

Samples: Receivables Financing Agreement (Rackspace Technology, Inc.), Receivables Financing Agreement (Rackspace Technology, Inc.)

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