Business Activities; Change of Legal Status and Organizational Documents. The Credit Parties shall not: (i) engage in any line of business other than the businesses engaged in on the date hereof and business reasonably related thereto; (ii) change its name, its type of organization, its jurisdictions of organization or other legal structure; or (iii) permit its articles of incorporation (including any certificates of designation, is applicable), bylaws, operating agreement, partnership agreement, certificate of organization or similar governing or organizational documents to be amended or modified in any way which could reasonably be expected to have a Material Adverse Effect.
Appears in 16 contracts
Samples: Senior Secured Credit Facility Agreement (Pacific Ventures Group, Inc.), Senior Secured Credit Facility Agreement (Sack Lunch Productions Inc.), Senior Secured Credit Facility Agreement (Sack Lunch Productions Inc.)
Business Activities; Change of Legal Status and Organizational Documents. The Credit Parties shall not: (i) engage in any line of business other than the businesses engaged in on the date hereof Closing Date and business reasonably related thereto; (ii) change its name, Organizational Identification Number, its type of organization, its jurisdictions of organization or other legal structure; or (iii) permit its articles their Articles of incorporation (including any certificates of designationIncorporation, is applicable)Bylaws, bylaws, operating agreement, partnership agreement, certificate of organization or similar governing or other organizational documents to be amended or modified in any way which could reasonably be expected to have a Material Adverse Effectadversely affect the interests of Lender.
Appears in 5 contracts
Samples: Senior Secured Revolving Credit Facility Agreement (Cd International Enterprises, Inc.), Senior Secured Revolving Credit Facility Agreement (Encore Brands, Inc.), Senior Secured Revolving Credit Facility Agreement (Green Innovations Ltd.)
Business Activities; Change of Legal Status and Organizational Documents. The Credit Parties shall not: (i) engage in any line of business other than the businesses engaged in on as of the date hereof Effective Date and business reasonably related thereto; (ii) change its name, organizational identification number (if applicable), its type of organization, its jurisdictions jurisdiction of organization or other legal structure; or (iii) permit its articles Certificate of incorporation (including any certificates of designationIncorporation, is applicable), bylaws, operating agreement, partnership agreement, certificate of organization Bylaws or similar governing or other organizational documents to be amended or modified in any way which could reasonably be expected to have a Material Adverse Effect.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Pacific Ventures Group, Inc.), Securities Purchase Agreement (Mota Group, Inc.), Securities Purchase Agreement (Star Mountain Resources, Inc.)
Business Activities; Change of Legal Status and Organizational Documents. The Credit Parties shall not: (i) engage in any line of business other than the businesses engaged in on the date hereof Closing Date and business reasonably related thereto; (ii) change its name, Organizational Identification Number, its type of organization, its jurisdictions of organization or other legal structure; or (iii) permit its articles their Articles of incorporation (including any certificates Incorporation, Articles of designationIncorporation Bylaws, is applicable), bylaws, operating agreement, partnership agreement, certificate of organization Operating Agreement or similar governing or other organizational documents to be amended or modified in any way which could reasonably be expected to have a Material Adverse Effectadversely affect the interests of Lender.
Appears in 2 contracts
Samples: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement (Pharmagen, Inc.)
Business Activities; Change of Legal Status and Organizational Documents. The Credit Parties shall not: (inot:(i) engage in any line of business other than the businesses engaged in on the date hereof and business reasonably related thereto; (ii) change its name, its type of organization, its jurisdictions of organization or other legal structure; or (iiiii) permit its articles of incorporation (including any certificates of designation, is if applicable), bylaws, operating agreement, partnership agreement, certificate of organization or similar governing or organizational documents to be amended or modified in any way which could reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Facility Agreement (SRAX, Inc.)
Business Activities; Change of Legal Status and Organizational Documents. The Credit Parties shall not: (i) engage in any line of business other than the businesses engaged in on as of the date hereof Effective Date and business reasonably related theretothereto (including the pending acquisition of Hurricane AMT, LLC); (ii) change its name, organizational identification number (if applicable), its type of organization, its jurisdictions jurisdiction of organization or other legal structure; or (iii) permit its articles Certificate of incorporation (including any certificates of designationIncorporation, is applicable), bylaws, operating agreement, partnership agreement, certificate of organization Bylaws or similar governing or other organizational documents to be amended or modified in any way which could reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Business Activities; Change of Legal Status and Organizational Documents. The Credit Parties shall not: (i) engage in any line of business other than the businesses engaged in on the date hereof and business reasonably related thereto; (ii) change its name, its type of organization, its jurisdictions of organization or other legal structure; or (iii) permit its articles of incorporation (including any certificates of designation, is if applicable), bylaws, operating agreement, partnership agreement, certificate of organization or similar governing or organizational documents to be amended or modified in any way which could reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Facility Agreement (Intelligent Highway Solutions, Inc.)
Business Activities; Change of Legal Status and Organizational Documents. The Credit Parties shall not: (i) engage in any line of business other than the businesses engaged in on as of the date hereof Effective Date and business reasonably related thereto; (ii) change its name, organizational identification number (if applicable), its type of organization, its jurisdictions jurisdiction of organization or other legal structure; or (iii) permit its articles Certificate of incorporation (including any certificates Incorporation, Bylaws, Certificate of designationFormation, is applicable), bylaws, operating agreement, partnership agreement, certificate of organization Operating Agreement or similar governing or other organizational documents to be amended or modified in any way which could reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Securities Purchase Agreement (Preferred Restaurant Brands, Inc.)
