Inactive Subsidiary. Borrower will not permit the Inactive Subsidiary to (a) own any material assets, or (b) engage in any business activity, except for the co-issuance of the Senior Notes pursuant to the Indenture.
Appears in 2 contracts
Sources: Loan and Security Agreement (Acme Communications Inc), Loan and Security Agreement (Acme Television LLC)
Inactive Subsidiary. Borrower will not permit the Inactive Subsidiary to (a) own any material assets, or (b) engage in any business activity, except for the co-issuance of the Senior Notes pursuant to the Indenture.
Appears in 1 contract
Sources: Loan and Security Agreement (Acme Communications Inc)