Business and Property of Borrowers. Upon and after the Closing Date, Borrowers do not propose to engage in any material line of business other than the sales, marketing and distribution of consumer products through television programming and other electronic media and activities reasonably incidental to the foregoing. On the Closing Date, each Borrower will own all the property and possess all of the rights and Consents necessary for the conduct of the business of such Borrower as presently conducted.
Appears in 2 contracts
Samples: Term Loan Credit and Security Agreement (EVINE Live Inc.), Revolving Credit and Security Agreement (Valuevision Media Inc)
Business and Property of Borrowers. Upon and after the Closing Date, Borrowers do not propose to engage in any material line of business other than the salesprovision of goods and business services in the areas of digital and photographic imaging, marketing retouching, premedia, large format displays and distribution printing and production of consumer products through television programming prototypes and other electronic media designs and activities reasonably incidental necessary to conduct the foregoing. On the Closing Date, each Borrower will own all the property and possess all of the rights and Consents necessary for the conduct of the business of such Borrower as presently conductedBorrower.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Merisel Inc /De/)
Business and Property of Borrowers. Upon and after the Closing Date, Borrowers do not propose to engage in any material line of business other than the salesmanufacturing, distributing, marketing and distribution sale of consumer vitamins, nutritional supplements, herbal products, food products through television programming and fine natural chemicals and other electronic media similar products, and activities reasonably incidental necessary or advisable to conduct the foregoing. On the Closing Date, each Borrower will own all the property and possess all of the rights and Consents necessary for the conduct of the business of such Borrower as presently conductedof the Closing Date.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Integrated Biopharma Inc)
Business and Property of Borrowers. Upon and after the Closing Date, Borrowers do not propose to engage in any material line of business other than the sales, marketing and distribution of consumer products through television programming and other electronic media and activities reasonably incidental necessary to conduct the foregoing. On the Closing Date, each Borrower will own all the property and possess all of the rights and Consents necessary for the conduct of the business of such Borrower as presently conductedBorrower.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Valuevision Media Inc)