Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customers and goodwill. Based upon representations made by Borrower to Lender to induce Lender to establish the Revolving Credit for Borrower, no Borrower shall engage, directly or indirectly, in any line of business substantially different from the business conducted by it immediately prior to the Closing Date, or engage in business or lines of business which are not reasonably related thereto.
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Samples: Loan and Security Agreement (Response Usa Inc), Loan and Security Agreement (Response Usa Inc)
Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customers and goodwill. Based upon representations made by Neither Borrower to Lender to induce Lender to establish the Revolving Credit for Borrower, no Borrower nor any of its Subsidiaries shall engage, directly or indirectly, in any material respect in any line of business substantially different from the business businesses conducted by it Borrower immediately prior to the Closing Date, or engage in business or lines of business which are not reasonably related thereto.
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Samples: Loan Agreement, Loan Agreement (RTI Biologics, Inc.)
Business Conducted. Each Borrower shall continue in the business ------------------ presently operated by it using its best efforts to maintain its customers and goodwill. Based upon representations made by Borrower to Lender to induce Lender to establish the Revolving Credit for Borrower, no No Borrower shall engage, directly or indirectly, in any material respect in any line of business substantially different from the business businesses conducted by it such Borrower immediately prior to the Closing Date, or engage in business or lines of business which are not reasonably related thereto.
Appears in 1 contract
Samples: Loan and Security Agreement (Opinion Research Corp)
Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customers and goodwill. Based upon representations made by Borrower to Lender to induce Lender to establish the Revolving Credit for Borrower, no Borrower shall not engage, directly or indirectly, in any material respect in any line of business substantially materially different from the business businesses conducted by it Borrowers immediately prior to the Closing Date, or engage in business or lines of business which are not reasonably related thereto.
Appears in 1 contract
Samples: Loan and Security Agreement (Newtek Business Services Inc)
Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customers and goodwill. Based upon representations made by Borrower to Lender to induce Lender to establish the Revolving Credit for Borrower, no No Borrower shall engage, directly or indirectly, in any material respect in any line of business substantially different from the business businesses conducted by it the Borrowers (or any of the Merged Entities) immediately prior to the Closing Date, or engage in business or lines of business which are not reasonably related thereto.
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