Business and Property of Loan Parties. As of the Closing Date, the Loan Parties do not propose to engage in any business other than the business such Loan Party is presently conducting, as disclosed to Agent, activities necessary to conduct the foregoing, and any business that is reasonably related, similar or complimentary to such business. Each Loan Party owns all the property and possesses all of the material rights, Consents, Approvals, licenses and permits necessary for the conduct of the business of such Loan Party.
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Security Agreement (Viant Technology Inc.)
Business and Property of Loan Parties. As of Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than business conducted by Loan Parties on the business such Loan Party is presently conducting, as disclosed to Agent, Closing Date and activities necessary to conduct the foregoingforegoing other than research and development of certain technology relating to emissions controls, and any business that is reasonably relatedLoan Parties intend to continue the development of such technology and commercial applications for such technology, similar or complimentary and may, subject to the terms of this Agreement, consider commercial relationships with third parties with respect to the development and commercialization of such businesstechnology. Each On the Closing Date, each Loan Party owns will own all the property and possesses possess all of the material rights, Consents, Approvals, licenses rights and permits Consents necessary for the continued conduct of the business of such Loan Party.. 5.23
Appears in 2 contracts
Samples: Credit Agreement (Tecogen Inc.), Credit Agreement (Tecogen Inc.)
Business and Property of Loan Parties. As of Upon and after the Closing Date, the Loan Parties and their Subsidiaries do not propose to engage in any business other than the business such Loan Party is presently conducting, as disclosed to Agent, currently conducted and related activities necessary to conduct the foregoing, and any business that is reasonably related, similar or complimentary to such business. Each Loan Party and each Subsidiary of a Loan Party owns or leases all the property and possesses all of the material rights, Consents, Approvals, licenses rights and permits consents necessary for the conduct of the business of such Loan PartyParty and such Subsidiary except as could not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.
Appears in 2 contracts
Samples: Loan and Security Agreement (Primo Water Corp), Credit and Security Agreement (Primo Water Corp)
Business and Property of Loan Parties. As of Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than the business such Loan Party is presently conductinglease and sale of mobile offices, as disclosed to Agentmodular buildings, portable storage containers, portable office containers, trailers and related products and services and activities necessary to conduct the foregoing. On the Closing Date, and any business that is reasonably related, similar or complimentary to such business. Each each Loan Party owns will own all the property and possesses possess all of the material rights, Consents, Approvals, licenses rights and permits Consents necessary for the conduct of the business of such Loan Party.
Appears in 1 contract
Business and Property of Loan Parties. As of Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than the business such Loan Party is presently conducting, as disclosed to Agent, transportation and logistics services and activities necessary to conduct the foregoing. On the Closing Date, and any business that is reasonably related, similar or complimentary to such business. Each each Loan Party owns will own all the property and possesses possess all of the material rights, Consents, Approvals, licenses rights and permits Consents necessary for the conduct of the business of such Loan Party.
Appears in 1 contract
Samples: Collateral Pledge Agreement (Universal Logistics Holdings, Inc.)
Business and Property of Loan Parties. As of Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than the business such Loan Party is presently conductingmanufacture, as disclosed to Agentdistribution, sale and servicing of surface mining equipment and activities necessary to conduct the foregoing. On the Closing Date, and any business that is reasonably related, similar or complimentary to such business. Each each Loan Party owns will own all the property and possesses possess all of the material rights, Consents, Approvals, licenses rights and permits Consents necessary for the conduct of the business of such Loan Party.
Appears in 1 contract
Samples: Loan and Security Agreement (Bucyrus International Inc)
Business and Property of Loan Parties. As of Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than the business such Loan Party is presently conductingmanufacture, as disclosed to Agent, sale and distribution of medical equipment and activities necessary to conduct the foregoingforegoing or related thereto. On the Closing Date, and any business that is reasonably related, similar or complimentary to such business. Each each Loan Party owns will own all the property and possesses possess all of the material rights, Consents, Approvals, licenses rights and permits Consents necessary for the conduct of the business of such Loan Party.
Appears in 1 contract
Business and Property of Loan Parties. As of Upon and after the Closing Date, the Loan Parties and their Subsidiaries do not propose to engage in any business other than the business such Loan Party is presently conducting, as disclosed to Agent, currently conducted and related activities necessary to conduct the foregoing, and any business that is reasonably related, similar or complimentary to such business. Each Loan Party and each Subsidiary of a Loan Party owns all the property and possesses all of the material rights, Consents, Approvals, licenses rights and permits consents necessary for the conduct of the business of such Loan PartyParty and such Subsidiary.
Appears in 1 contract
Samples: Loan and Security Agreement (Winnebago Industries Inc)