Common use of The Parent Clause in Contracts

The Parent. Except as permitted under Section 9.6 hereof, the Parent shall engage in no business other than ownership of stock of the Company, and shall not own, acquire or lease any property, other than such stock.

Appears in 2 contracts

Sources: Credit Agreement (Finlay Enterprises Inc /De), Credit Agreement (Finlay Fine Jewelry Corp)

The Parent. Except as permitted under Section 9.6 hereof, the Parent shall engage in no business other than ownership of stock of the CompanyFinlay, and shall not own, acquire or lease any property, other than such stock.

Appears in 1 contract

Sources: Credit Agreement (Finlay Enterprises Inc /De)

The Parent. Except as permitted under Section 9.6 hereof, the Parent shall engage in no business other than ownership of stock of the CompanyBorrower, and shall not own, acquire or lease any property, other than such stock.

Appears in 1 contract

Sources: Credit Agreement (Finlay Enterprises Inc /De)