Common use of Business Activities; Change of Legal Status and Organizational Documents Clause in Contracts

Business Activities; Change of Legal Status and Organizational Documents. Borrower shall not (a) except as disclosed in writing to the Lender prior to the Closing Date, engage in any line of business other than the businesses engaged in on the Closing Date and business reasonably related thereto, (b) change its name, organizational identification number, its type of organization, its jurisdictions of organization or other legal structure, or (c) permit its Articles of Incorporation, Bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to adversely affect the interests of Lender.

Appears in 4 contracts

Samples: Senior Secured Revolving Credit Facility Agreement, Senior Secured Revolving Credit Facility Agreement (Sunpeaks Ventures, Inc.), Senior Secured Revolving Credit Facility Agreement (Sunpeaks Ventures, Inc.)

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Business Activities; Change of Legal Status and Organizational Documents. No Borrower shall not shall: (ai) except as disclosed in writing to the Lender prior to the Closing Date, engage in any line of business other than the businesses engaged in on the Closing Date date hereof and business reasonably related thereto, ; (bii) change its name, organizational identification numberOrganizational Identification Number, its type of organization, its jurisdictions of organization or other legal structure, ; or (ciii) permit its Articles of Incorporation, Bylaws Bylaws, Articles of Organization or Operating Agreement, or other organizational documents to be amended or modified in any way which could reasonably be expected to adversely affect the interests of Lender.

Appears in 2 contracts

Samples: Credit Agreement (Hangover Joe's Holding Corp), Credit Agreement (T.O Entertainment, Inc.)

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Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not (a) except as disclosed in writing to the Lender prior to the Closing Date, engage in any line of business other than the businesses engaged in on the Closing Date date hereof and business businesses reasonably related thereto, (b) without the prior written consent of the Bank (which consent shall not be unreasonably withheld), change its name, organizational identification numberits Organizational Identification Number, if it has one, its type of organization, its jurisdictions jurisdiction of organization or other legal structure, or (cb) permit its Articles of Incorporationcharter, Bylaws bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to adversely affect the interests of Lenderhave a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (PLM Equipment Growth Fund V), Loan and Security Agreement (PLM Equipment Growth Fund V)

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