Common use of Business Conducted Clause in Contracts

Business Conducted. The Loan Parties shall not and shall not permit any of their Subsidiaries to, engage directly or indirectly, in any line of business other than the Core Business or those businesses that reasonably and rationally develop from such Core Business from time to time.

Appears in 3 contracts

Samples: Credit Agreement (Salton Inc), Term Loan Agreement (Salton Inc), Term Loan Agreement (Harbinger Capital Partners Master Fund I, Ltd.)

AutoNDA by SimpleDocs

Business Conducted. The Loan Parties Party shall not and shall not permit any of their its Subsidiaries to, engage directly or indirectly, in any line of business other than the Core Business or those businesses that in which the Loan Party is engaged on the Closing Date, and businesses reasonably and rationally develop from such Core Business from time to timeincidental thereto.

Appears in 2 contracts

Samples: Loan, Guaranty and Security Agreement (Riddell Sports Inc), Loan, Guaranty and Security Agreement (Riddell Sports Inc)

Business Conducted. The Such Loan Parties Party shall not not, and shall not permit any of their its Subsidiaries to, engage engage, directly or indirectly, in any line of business other than the Core Business or those businesses that reasonably in which such Loan Party is engaged on the Closing Date and rationally develop from such Core Business from time to timerelated businesses.

Appears in 1 contract

Samples: Credit Agreement (Gentek Inc)

AutoNDA by SimpleDocs

Business Conducted. The Loan Parties shall not and shall not permit any of their its Subsidiaries to, engage directly or indirectly, in any line of business other than the Core Business or those businesses that reasonably and rationally develop from such Core Business from time to timein which the Loan Parties are engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Parker Drilling Co /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!