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

Limitation on Lines of Business; Creation of Subsidiaries. (a) Enter into any business, either directly or through any Subsidiary, except for those businesses of the same general type as those in which the Borrower and its Subsidiaries are engaged on the date of this Agreement or that are directly related thereto. (b) Create any new Domestic Subsidiaries of the Borrower other than any new Domestic Subsidiaries that shall execute a Guarantee Agreement and a Senior Security Agreement.

Limitation on Lines of Business; Creation of Subsidiaries. (a) Enter into any business, either directly or through any Subsidiary, except for those businesses of the same general type as those in which the Borrower and its Subsidiaries are engaged on the date of this Agreement or that are directly related theretowill be engaged pursuant to the transactions contemplated by the Asset Sale Agreement. (b) Create Permit any new Domestic Subsidiaries of the Borrower to exist other than any new Domestic Subsidiaries that shall execute a Guarantee Agreement and a Senior Security AgreementWholly Owned Subsidiaries.