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WEN » Topics » Limitation on Activities of Restricted Holding Subsidiaries

This excerpt taken from the WEN 8-K filed Dec 27, 2007.
  Limitation on Activities of Restricted Holding Subsidiaries. Notwithstanding anything to the contrary in this Agreement or any other Note Document, each of the Restricted Holding Subsidiaries shall not (a) conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise engage in, any business or operations other than those incidental to its ownership of the Capital Stock of their respective Subsidiaries, (b) incur, create, assume or suffer to exist any Lien of any kind upon any of its Properties or Indebtedness or other liabilities or financial obligations, except (i) nonconsensual obligations imposed by operation of law, (ii) pursuant to any Note Document or any Series B Note Document, or (iii) obligations (but not Indebtedness) with respect to its Capital Stock, or (c) own, lease manage or otherwise operate any properties or assets, other than (x) the ownership of Capital Stock of their respective Subsidiaries and (y) Cash, Cash Equivalents or Capital Stock received in connection with dividends and other distributions made by their respective Subsidiaries; provided that any such dividends or distributions are promptly distributed to its parent or any other Note Party.

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