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

Business and Property of the Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than as set forth on Schedule 5.21 hereto and activities necessary to conduct the foregoing. On the Closing Date, each Loan Party will own or lease all the property and possess all of the rights and Consents necessary for the conduct of the business of such Loan Party.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Radnor Holdings Corp)

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Business and Property of the Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than as set forth on Schedule 5.21 hereto digital marketing and activities necessary to conduct the foregoing. On the Closing Date, each Loan Party will own or lease all the property and possess all of the rights and Consents necessary for the conduct of the business of such Loan Party.

Appears in 1 contract

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

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Business and Property of the Loan Parties. Upon and after the Closing Date, the Loan Parties do not propose to engage in any business other than as set forth on Schedule 5.21 hereto and activities necessary to conduct the foregoing. On the Closing Date, each Loan Party will own or lease all the property and possess all of the rights and Consents necessary for the conduct of the business of such Loan Party.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Lesco Inc/Oh)

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