Common use of Limitation on Lines of Business; Creation of Subsidiaries Clause in Contracts

Limitation on Lines of Business; Creation of Subsidiaries. The Company will not, and will not permit any Subsidiary to: (a) engage, directly or indirectly, in any line of business other than the Permitted Businesses; or (b) create or acquire any Subsidiary on or after the date of this Agreement, unless (x) within thirty (30) days after the date that such Subsidiary first acquires an asset each holder of a Note has been provided with written notice of same and (y) within sixty (60) days after the date that such Subsidiary first acquires any assets such Subsidiary shall have executed a Joinder and otherwise have complied with the provisions of Section 9.13 (including clauses (b) – (d) thereof); provided further, however, no such Subsidiary shall be required to execute such Joinder if such Subsidiary is an Excluded Subsidiary.

Appears in 2 contracts

Sources: Amended and Restated Note Purchase and Guarantee Agreement (Getty Realty Corp /Md/), Note Purchase and Guarantee Agreement (Getty Realty Corp /Md/)

Limitation on Lines of Business; Creation of Subsidiaries. The Company will not, and will not permit any Subsidiary to: (a) engage, directly or indirectly, in any line of business other than the Permitted Businesses; or (b) create or acquire any Subsidiary on or after the date of this AgreementClosing Date, unless (x) within thirty (30) days after the date that such Subsidiary first acquires an asset each holder of a Note has been provided with written notice of same and (y) within sixty (60) days after the date that such Subsidiary first acquires any assets such Subsidiary shall have executed a Joinder and otherwise have complied with the provisions of Section 9.13 (including clauses (b) – (d) thereof); provided further, however, no such Subsidiary shall be required to execute such Joinder if such Subsidiary is an Excluded Subsidiary.

Appears in 2 contracts

Sources: Second Amended and Restated Note Purchase and Guarantee Agreement (Getty Realty Corp /Md/), Note Purchase and Guarantee Agreement (Getty Realty Corp /Md/)

Limitation on Lines of Business; Creation of Subsidiaries. The Company will not, and will not permit any Subsidiary to: (a) engage, directly or indirectly, in any line of business other than the Permitted Businesses; or (b) create or acquire any Subsidiary on or after the date of this AgreementClosing Date, unless (x) within thirty (30) 30 days after the date that such Subsidiary first acquires an asset each holder of a Note has been provided with written notice of same and (y) within sixty (60) 60 days after the date that such Subsidiary first acquires any assets such Subsidiary shall have executed a Joinder and otherwise have complied with the provisions of Section 9.13 (including clauses (b) – (d) thereof); provided further, however, no such Subsidiary shall be required to execute such Joinder if such Subsidiary is an Excluded Subsidiary.. 4850-4933-9817 v1

Appears in 1 contract

Sources: Note Purchase and Guarantee Agreement (Getty Realty Corp /Md/)

Limitation on Lines of Business; Creation of Subsidiaries. The Company will not, and will not permit any Subsidiary to: (a) engage, directly or indirectly, in any line of business other than the Permitted Businesses; or (b) create or acquire any Subsidiary on or after the date of this AgreementClosing Date, unless (x) within thirty (30) days after the date that such Subsidiary first acquires an asset each holder of a Note has been provided with written notice of same and (y) within sixty (60) days after the date that such Subsidiary first acquires any assets such Subsidiary shall have executed a Joinder and otherwise have complied with the provisions of Section 9.13 (including clauses (b) (d) thereof); provided further, however, no such Subsidiary shall be required to execute such Joinder if such Subsidiary is an Excluded Subsidiary.

Appears in 1 contract

Sources: Note Purchase and Guarantee Agreement (Getty Realty Corp /Md/)

Limitation on Lines of Business; Creation of Subsidiaries. The Company will not, and will not permit any Subsidiary to: (a) engage, directly or indirectly, in any line of business other than the Permitted Businesses; or (b) create or acquire any Subsidiary on or after the date of this AgreementClosing Date, unless (x) within thirty (30) 30 days after the date that such Subsidiary first acquires an asset each holder of a Note has been provided with written notice of same and (y) within sixty (60) 60 days after the date that such Subsidiary first acquires any assets such Subsidiary shall have executed a Joinder and otherwise have complied with the provisions of Section 9.13 (including clauses (b) – (d) thereof); provided further, however, no such Subsidiary shall be required to execute such Joinder if such Subsidiary is an Excluded Subsidiary.

Appears in 1 contract

Sources: Note Purchase and Guarantee Agreement (Getty Realty Corp /Md/)