Common use of Business Lines Clause in Contracts

Business Lines. The Borrowers and the Guarantors shall not engage, and shall not permit or suffer any Pledged Entity engaging, in any business lines, other than their respective lines of business as of the date of this Credit Agreement and such lines of business reasonably related or ancillary thereto; and such Persons may also engage in other lines of business relating or ancillary to real estate finance and management and asset and fund management (collectively, “Permitted Businesses”).

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Centerline Holding Co), Revolving Credit and Term Loan Agreement (Centerline Holding Co)

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Business Lines. The Borrowers and the Guarantors shall not engage, and shall not permit or suffer any Pledged Entity engaging, in any business lines, other than their respective primary lines of business as of the date of this Credit Agreement Agreement, which permitted business lines include tax exempt bond origination, tax credit syndication, commercial mortgage banking and such lines of business reasonably related or ancillary theretocredit enhancement through Centerbrook; and such Persons may also engage in other lines of business relating or ancillary to real estate finance and management and asset and fund management (collectively, "Permitted Businesses").

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Chartermac)

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Business Lines. The Borrowers and the Guarantors shall not engage, and shall not permit or suffer any Pledged Entity engaging, in any business lines, other than their respective lines Lines of business as of the date of this Credit Agreement and such lines of business reasonably related or ancillary thereto; and such Persons may also engage in other lines of business relating or ancillary to real estate finance and management and asset and fund management (collectively, “Permitted Businesses”)Business.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Centerline Holding Co)

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