Common use of Business and Property of Loan Parties Clause in Contracts

Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than financial research, software, education and tools for investors and business activities reasonably related, complementary or ancillary thereto or that are reasonable extensions thereof. On the Closing Date, each Loan Party will own all the property and possess all of the rights and Consents necessary for the conduct of its business.

Appears in 2 contracts

Samples: Loan and Security Agreement (Marketwise, Inc.), Loan and Security Agreement (Marketwise, Inc.)

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Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than financial research, software, education as set forth on Schedule 5.21 hereto and tools for investors and business activities reasonably related, complementary or ancillary thereto or that are reasonable extensions thereofnecessary to conduct the foregoing. On the Closing Date, each Loan Party will own all the property and possess all of the rights and Consents as is reasonably necessary for the conduct of its businessthe business of such Loan Party.

Appears in 2 contracts

Samples: Security Agreement (Allegheny Technologies Inc), Security Agreement (Allegheny Technologies Inc)

Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than financial research, software, education that engaged in as of the Closing Date and tools for investors and business activities reasonably related, ancillary and complementary or ancillary thereto or that are reasonable extensions thereofthereto. On the Closing Date, each the Loan Party Parties will own all the property and possess all of the rights and Consents necessary for the conduct of its businessthe business of the Loan Parties.

Appears in 2 contracts

Samples: Subordination Agreement (Twist Beauty S.a r.l. & Partners S.C.A.), Revolving Credit, Term Loan and Security Agreement (Twist Beauty S.a r.l. & Partners S.C.A.)

Business and Property of Loan Parties. Upon and after the Original Closing Date, the Loan Parties do not propose to engage in any business other than financial research, software, education business conducted by the Loan Parties on the Original Closing Date and tools for investors and business activities reasonably related, complementary or ancillary thereto or that are reasonable extensions thereofnecessary to conduct the foregoing. On the Original Closing Date, each Loan Party will own all the property and possess all of the rights and Consents necessary for the conduct of its businessthe business of such Loan Party.

Appears in 2 contracts

Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Manhattan Bridge Capital, Inc)

Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any material line of business other than financial research, software, education substantially different from those lines of business conducted by Borrower and tools for investors and its Restricted Subsidiaries on the date hereof or any business activities reasonably related, complementary complementary, synergistic or ancillary thereto or that are reasonable extensions thereof. On the Closing Date, each Loan Party will own all the property and possess all of the rights and Consents necessary for the conduct of its business. 5.21.

Appears in 2 contracts

Samples: Loan and Security Agreement (Veeco Instruments Inc), Loan and Security Agreement (Veeco Instruments Inc)

Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than financial researchthe design, software, education manufacture and tools for investors sale of furnishings and business activities necessary or appropriate to further the foregoing or reasonably related, related or complementary or ancillary thereto or that are reasonable extensions thereofthereto. On the Closing Date, each Loan Party will own all the property and possess all of the rights and Consents necessary for the conduct of its businessthe business of such Loan Party on the date hereof, except to the extent that any failure thereof could not reasonably be likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Brown Jordan International Inc)

Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than financial research, software, education as set forth on Schedule 5.22 hereto and tools for investors and business activities reasonably related, complementary or ancillary thereto or that are reasonable extensions thereofnecessary to conduct the foregoing. On the Closing Date, each Loan Party will own all the property and possess all of the rights and Consents necessary for the conduct of its businessthe business of such Loan Party, except to the extent that such failure to own property or to possess all rights and Consents could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Imco Recycling Inc)

Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any material line of business other than financial research, software, education substantially different from those lines of business conducted by Borrower and tools for investors and its Restricted Subsidiaries on the date hereof or any business activities reasonably related, complementary complementary, synergistic or ancillary thereto or that are reasonable extensions thereof. On the Closing Date, each Loan Party will own all the property and possess all of the rights and Consents necessary for the conduct of its business.

Appears in 1 contract

Samples: Loan and Security Agreement (Veeco Instruments Inc)

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Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business that is fundamentally and substantively different from their existing lines of business conducted by them on the Closing Date, taken as a whole, other than financial research, software, education and tools for investors and business activities reasonably related, complementary or ancillary thereto to such existing lines of business or that are reasonable extensions thereof. On the Closing Date, each Loan Party will own all the property and possess all of the rights and Consents necessary for the conduct of its businessthe business of such Loan Party.

Appears in 1 contract

Samples: Credit and Security Agreement (Invacare Corp)

Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than financial research, software, education business conducted by the Loan Parties on the Closing Date and tools for investors and business activities reasonably related, complementary or ancillary thereto or that are reasonable extensions thereofnecessary to conduct the foregoing. On the Closing Date, each Loan Party will own all the property and possess all of the rights and Consents necessary for the conduct of its businessthe business of such Loan Party.

Appears in 1 contract

Samples: Credit and Security Agreement (Sachem Capital Corp.)

Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than financial research, software, education the distribution of electronic components and tools for investors providing contract manufacturing services and business activities reasonably related, complementary or ancillary thereto or that are reasonable extensions thereofnecessary to conduct the foregoing. On the Closing Date, each Loan Party will own all the property and possess all of the rights and Consents necessary for the conduct of its businessthe business of such Loan Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Jaco Electronics Inc)

Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than financial research, software, education that engaged in by them immediately prior to and tools for investors on the Closing Date and related lines of business and activities necessary to conduct or reasonably related, complementary or ancillary thereto or that are reasonable extensions thereofincidental and related to the foregoing. On the Closing Date, each Loan Party will own or have rights to use all the property and possess all of the rights and Consents reasonably necessary for the conduct of its businessthe business of such Loan Party, except as could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Daseke, Inc.)

Business and Property of Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than financial research, software, education the design and tools for investors manufacture of engine components and business activities reasonably related, complementary or ancillary thereto or that are reasonable extensions thereofnecessary to conduct the foregoing. On the Closing Date, each Loan Party will own all the property and possess all of the rights and Consents necessary for the conduct of its businessthe business of such Loan Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Stanadyne Automotive Corp)

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