Common use of Restrictions on Special Purpose Subsidiaries Clause in Contracts

Restrictions on Special Purpose Subsidiaries. The -------------------------------------------- Company will not permit any Special Purpose Subsidiary to (a) create, assume, incur or suffer to exist any Lien, any Indebtedness, any Guaranty or any other liabilities, direct or contingent, (b) make or suffer to exist any Investment, (c) conduct, transact or otherwise engage in any business or other operations or (d) own or lease any Property, except that, notwithstanding the foregoing prohibitions:

Appears in 2 contracts

Samples: Federal Mogul Corp, Federal Mogul Corp

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Restrictions on Special Purpose Subsidiaries. The -------------------------------------------- Company will not permit any Special Purpose Subsidiary to (a) create, assume, incur or suffer to exist any Lien, any Indebtedness, any Guaranty or any other liabilities, direct or contingent, (b) make or suffer to exist any Investment, (c) conduct, transact or otherwise engage in any business or other operations or (d) own or lease any Property, except that, notwithstanding the foregoing prohibitions:

Appears in 1 contract

Samples: Credit Agreement (Federal Mogul Corp)

Restrictions on Special Purpose Subsidiaries. The -------------------------------------------- Company will not permit any Special Purpose Subsidiary to (a) create, assume, incur or suffer to exist any Lien, any IndebtednessIndebtedness (other than Indebtedness owing to other Special Purpose Subsidiaries or Subsidiaries that are guarantors under a Subsidiary Guarantee), any Guaranty or any other liabilities, direct or contingent, contingent or (b) make or suffer to exist any Investment, (c) conduct, transact or otherwise engage in any business or other operations or (d) own or lease any Propertyother than owning the stock of its Subsidiaries and activities directly related thereto, except that, notwithstanding the foregoing prohibitions:

Appears in 1 contract

Samples: Credit Agreement (Federal Mogul Corp)

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Restrictions on Special Purpose Subsidiaries. The -------------------------------------------- ----------------------------------------------------------- Company will not permit any Special Purpose Subsidiary to (a) create, assume, incur or suffer to exist any Lien, any IndebtednessIndebtedness (other than Indebtedness owing to other Special Purpose Subsidiaries or Subsidiaries that are guarantors under a Subsidiary Guarantee), any Guaranty or any other liabilities, direct or contingent, contingent or (b) make or suffer to exist any Investment, (c) conduct, transact or otherwise engage in any business or other operations or (d) own or lease any Propertyother than owning the stock of its Subsidiaries and activities directly related thereto, except that, notwithstanding the foregoing prohibitionsforegoing:

Appears in 1 contract

Samples: Credit Agreement (Federal Mogul Corp)

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