Common use of Restricted Group Clause in Contracts

Restricted Group. Holding covenants and agrees that it shall cause each member of the Restricted Group (a) to engage only in those activities in which such member was engaged immediately prior to the Spin-Off; provided, that such member may also serve as a holding company for Foreign Subsidiaries engaged in businesses not inconsistent with Section 6.1, (b) to continue at all times to be at least a direct Designated Subsidiary of ASII with the remaining capital stock owned by another Designated Subsidiary and (c) not to incur, create, assume or permit to exist any Indebtedness other than (i) Indebtedness outstanding on the date of the Fourth Amendment (including the Obligations) and (ii) Indebtedness owed to Holding, ASI or a Domestic Subsidiary of ASI that is evidenced by one or more promissory notes that are pledged as security for the Obligations under a Pledge Agreement in form and substance satisfactory to the Administrative Agent."