Sale-Leasebacks; Subsidiaries; New Business. Borrower shall not enter into any sale and leaseback transaction with respect to any of its properties, create any subsidiary, or manufacture any goods, render any services or otherwise enter into any business which is not substantially similar to that existing or contemplated on the Closing Date or business incidental thereto.
Sale-Leasebacks; Subsidiaries; New Business. Enter into any sale and leaseback transaction with respect to any of its properties or create any Subsidiary, or manufacture any goods, render any services or otherwise enter into any business which is not substantially similar to that existing on the Closing Date.
Sale-Leasebacks; Subsidiaries; New Business. (a) Enter into any arrangement with any lender or investor or to which such lender or investor is a party, providing for the leasing by the Borrower or any of its Subsidiaries of real or personal property which has been or is to be sold or transferred by the Borrower or any of its Subsidiaries to such lender or investor or to any Person to whom funds have been or are to be advanced by such lender or investor on the security of such property or rental obligations of the Borrower or any of its Subsidiaries, except for such transactions which, together with all other such transactions entered into by the Borrower and its Subsidiaries, involve real and personal property having a fair market value not exceeding $5,000,000 in the aggregate; or
Sale-Leasebacks; Subsidiaries; New Business. Such Brightstar Party shall not enter into any sale and leaseback transaction with respect to any of its properties or create or acquire any Subsidiary, or manufacture any goods, render any services or otherwise enter into any business that is not substantially similar to that existing on the Closing Date; provided, that, so long as no Default or Event of Default has occurred and is continuing or would result therefrom, Brightstar may create or acquire additional Subsidiaries, but only on the condition that (i) Brightstar gives Motorola written notice of its intent to create or acquire such new Subsidiary at least 30 calendar days prior to such new Subsidiary's creation or acquisition and (ii) such new Subsidiary executes a joinder agreement in form and substance reasonably satisfactory to Motorola by which such new Subsidiary becomes a party to this Agreement and enters into other agreements similar to the Brightstar Documents to which similarly situated Brightstar Parties are parties (including, without limitation, a guaranty, security agreement and/or stock pledge agreement) within 10 Business Days after such new Subsidiary is created or acquired.
