Common use of Business Conducted Clause in Contracts

Business Conducted. The Borrower shall not engage directly or indirectly, in any line of business other than the businesses in which the Borrower is engaged on the Closing Date.

Appears in 11 contracts

Samples: Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc)

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Business Conducted. The No Borrower shall not engage engage, directly or indirectly, in any line of business other than the businesses of substantially the type in which the such Borrower is engaged on the Closing DateDate and businesses reasonably related thereto.

Appears in 9 contracts

Samples: Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any line of business other than the businesses in which the Borrower is engaged on the Closing Date.

Appears in 7 contracts

Samples: Credit Agreement (New Athletics, Inc.), Loan and Security Agreement (Good Guys Inc), Loan Agreement (United States Leather Inc /Wi/)

Business Conducted. The Borrower Borrowers shall not engage directly or indirectly, in any line of business other than the businesses in which the Borrower is Borrowers are engaged on the Closing DateDate and any business activities that are substantially similar, related, or incidental thereto.

Appears in 3 contracts

Samples: Loan and Security Agreement (Metals Usa Inc), Post Petition Loan Agreement (Metals Usa Inc), Loan and Security Agreement (Metals Usa Inc)

Business Conducted. The Borrower shall not engage not, nor shall it cause or permit any of the Guarantors to, engage, directly or indirectly, in any line of business other than substantially different from the businesses in which the Borrower is engaged on business conducted by it immediately prior to the Closing Date, or engage in business or lines of business which are not reasonably and substantially related thereto.

Appears in 3 contracts

Samples: Loan Agreement (CSS Industries Inc), Loan Agreement (CSS Industries Inc), Loan Agreement (CSS Industries Inc)

Business Conducted. The Neither Borrower shall not engage engage, directly or indirectly, in any line of business other than the businesses in which the such Borrower is engaged on the Closing DateDate or businesses reasonably related thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Imation Corp)

Business Conducted. The Borrower shall not engage directly or indirectly, in any line of business other than the businesses in which the Borrower is they are engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Finance Co)

Business Conducted. The Such Borrower shall not engage engage, directly or indirectly, in any line of business other than the businesses in which the such Borrower is engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Laclede Steel Co /De/)

Business Conducted. The Borrower shall not engage engage, directly or indirectly, in any material respect in any line of business other than substantially different from the businesses in which the business conducted by Borrower is engaged on immediately prior to the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Point Therapeutics Inc)

Business Conducted. The Borrower shall not engage engage, directly or ------------------ indirectly, in any line of business other than which materially differs from the businesses business in which the Borrower is engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Environmental Group International LTD)

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Business Conducted. The Borrower Borrowers shall not engage engage, ------------------ directly or indirectly, in any line of business other than the businesses in which the Borrower is Borrowers are engaged on the Closing DateDate and any business activities that are substantially similar, related, or incidental thereto.

Appears in 1 contract

Samples: Credit Agreement (Encore Medical Corp)

Business Conducted. The No Borrower shall not engage directly or indirectly, in any line of business other than the businesses in which the Borrower such Person is engaged on the Closing DateDate and businesses reasonably related thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Trump Atlantic City Funding Ii Inc)

Business Conducted. The Borrower shall not engage engage, directly or indirectly, in any line of business other than the businesses in which the Borrower is engaged on the Closing Date, provided that the Borrower shall be permitted to offer products that are ancillary to or extensions of the types of Contracts which the Borrower offers or purchases as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (TFC Enterprises Inc)

Business Conducted. The Borrower Borrowers shall not engage engage, directly or indirectly, in any line of business other than the businesses in which the Borrower is Borrowers are engaged on the Closing DateDate and any business activities that are substantially similar, related, or incidental thereto.

Appears in 1 contract

Samples: Credit Agreement (Encore Medical Corp)

Business Conducted. The No Borrower shall not engage directly or indirectly, indirectly in any line of business other than the businesses in which the Borrower is Company and its Subsidiaries are engaged on the Closing DateDate and businesses related or similar thereto or entered into in connection therewith.

Appears in 1 contract

Samples: Loan and Security Agreement (W R Grace & Co)

Business Conducted. The Borrower shall not engage engage, directly or indirectly, in any line of business other than substantially different from the businesses in which the Borrower is engaged on conducted by it immediately prior to the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Enzo Biochem Inc)

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