Restricted Businesses. You must ensure that no Connected Account uses the Services to conduct a Restricted Business or transact with a Restricted Business.
Restricted Businesses. For so long as a Xxxxx Group Member controls the Partnership, and except as permitted by Section 2.2, Xxxxx GP and each of the Xxxxx Group Members shall be prohibited from engaging in or acquiring or investing in any business having assets engaged in the following businesses (the “Restricted Businesses”): the ownership and/or operation of crude oil pipelines or terminals, intermediate product pipelines or terminals, refined products pipelines or terminals, truck racks or crude oil gathering systems in the continental United States.
Restricted Businesses. For so long as a HFC Group Member owns a controlling interest in the general partner of HEP, and except as permitted by Section 2.2, Xxxxx GP and each HFC Group Member shall be prohibited from engaging in or acquiring a controlling interest in or operating any business having assets or operations engaged in the Restricted Businesses.
Restricted Businesses. Atlas America agrees that if an Atlas America Entity is presented with a Business Opportunity, Atlas America shall give, and shall cause any other Atlas America Entity to give, prompt written notice to Atlas Energy of the Business Opportunity. Such notice shall set forth all information available to the Atlas America Entity about the Business Opportunity, including the identity of the Business Opportunity and its seller, venture partner or other material party and the proposed price, and shall include all written information about the Business Opportunity provided to the Atlas America Entity by and on behalf of the seller, venture partner or other material party, as well as any information or analyses compiled by the Atlas America Entity from other sources (such information collectively, the “Business Opportunity Information”). The Atlas America Entities shall continue to provide promptly to Atlas Energy any and all Business Opportunity Information subsequently received. Within a time period specified by the Atlas America Entity’s notice to Atlas Energy, which shall be a reasonable time under the circumstances, Atlas Energy shall advise the Atlas America Entity in writing whether it wishes to acquire or invest in the Business Opportunity. If Atlas Energy advises the Atlas America Entity of its intent to acquire or invest in the Business Opportunity, the Atlas America Entities shall refrain from making an offer for the Business Opportunity except as permitted hereunder. If Atlas Energy (i) advises the Atlas America Entity that (with the approval of Atlas Energy Conflicts Committee) it does not intend to acquire or invest in the Business Opportunity, (ii) advises the Atlas America Entity of its intent to acquire or invest in the Business Opportunity but does not complete the acquisition or investment within a reasonable time after Atlas Energy’s notice of its intent to the Atlas America Entity or (iii) fails to timely advise the Atlas America Entity of its intent, any of the Atlas America Entities shall be free to acquire or invest in the Business Opportunity.
Restricted Businesses. Each Party hereby agrees that from and after the Effective Time such Party shall, and shall cause the members of its respective Group and its respective Affiliates to, act in accordance with the provisions prescribed by the restricted businesses covenant, attached hereto as Exhibit C.
Restricted Businesses. During the Applicable Period, each of the Plains Entities shall be prohibited from engaging in or acquiring any business engaged in the following activities (a "Restricted Business"): (a) crude oil storage, terminalling and gathering activities in any state in the United States, except for Alaska and Hawaii, for any Person other than a Plains Entity or Partnership Entity, (b) crude oil marketing activities, and (c) transportation of crude oil by pipeline in any state in the United States, except for Alaska and Hawaii, for any Person other than a Plains Entity. A Restricted Business shall not include any activities required to be performed by a Plains Entity as the operator pursuant to any operating agreement entered into by such Plains Entity with respect to oil and gas properties owned jointly with other Persons.
Restricted Businesses. For so long as a Sponsor participates in the control of the General Partner, and except as permitted by Section 2.2, each Sponsor shall be prohibited from, directly or indirectly, owning, operating or investing in any business having assets engaged in the following activities (each, a “Restricted Business”):
Restricted Businesses. With respect to each Common Member, excluding (x) each Rollover Member (but without limitation of any of such Rollover Member’s obligations under the Purchase Agreement) and (y) for the avoidance of doubt, the MSD Member (each such Member, excluding the Members described in clauses (x) and (y), a “Restricted Member”), from and after the date hereof until the first anniversary of the date that the Restricted Member (and its Permitted Transferees) shall cease to own any Equity Securities of the Company, the Restricted Member shall not, and shall cause its Restricted Affiliates not to acquire or otherwise own any interest (debt, equity or otherwise) in any Person that primarily engages in a Competitive Business (other than an interest in the WME Member, the Company and its and their respective Subsidiaries) without the prior consent of the Board, acting unanimously, provided, however, that no Restricted Member or any of its Restricted Affiliates shall be prohibited from acquiring or owning: (i) up to five percent (5%) in the aggregate (together with its directly or indirectly controlled Affiliates) of the outstanding stock of any corporation that is primarily engaged in a Competitive Business and publicly traded on a national securities exchange or in the over the counter market, (ii) up to five percent (5%) in the aggregate (together with its directly or indirectly controlled Affiliates) of a private entity primarily engaged in a Competitive Business through passive investments, in each case in this clause (ii), so long as such Restricted Member (or its Restricted Affiliate) has no active governance authority in connection with the business of any such entity, (iii) securities of a Person that holds securities or assets of a Competitive Business so long as such securities or assets of such Competitive Business constitute less than twenty-five percent (25%) of the consolidated assets of such Person holding securities of such Competitive Business (measured by Fair Market Value) or the revenues attributable to such Competitive Business constitute less than twenty-five percent (25%) of the revenues of such Person holding securities or the assets of such Competitive Business at the time of such acquisition and/or (iv) securities of a Competitive Business to the extent that such securities were acquired as consideration for the sale of any portfolio company (x) in which such Restricted Member and/or its Restricted Affiliates do not own a majority of the outstandin...
Restricted Businesses. The Holdings Group will not, without the prior written consent of Central, directly or indirectly engage in or enter into any business competing with the Central Group that involves consumer finance lending, including, but not limited to, the financing of consumer products, travel products, small loans, automobiles or insurance (the "Restricted Businesses"). If, notwithstanding the foregoing, any member of the Holdings Group shall acquire a company engaged in a Restricted Business or shall otherwise directly or indirectly engage in a Restricted Business, Holdings shall be obligated to sell to Central, at Central's election, such Restricted Business at a purchase price equal to the fair market value of such Restricted Business as determined in accordance with Section 1(b). The foregoing restriction shall terminate on the earlier of December 31, 2002 or 2 the date on which Holdings ceases to own, directly or indirectly, at least 25% of the outstanding voting stock of Central.
Restricted Businesses. Except as permitted by Section 2.2, each Crestwood Holdings Entity shall be prohibited from engaging in, whether by acquisition, construction or otherwise, any of the following businesses (the “Restricted Businesses”): the gathering, treating, processing, fractionating, transportation or storage of natural gas in the Crestwood Counties, or the transportation or storage of natural gas liquids in the Crestwood Counties.
