Change in Business; Operations. The Company will not, without the consent of the Purchaser, cause or effect any change in or addition to the primary business of the Company that has not been approved by Purchaser, such that more than 10% of the gross revenues of the Company are derived from a business other than the business in which the Company was engaged on the date hereof as reflected in the applicable last SEC Document filed prior to the Closing ("Change in Business"), except any such changes approved in advance in writing by the Purchaser. The business of the Company and its subsidiaries shall not be conducted in violation of any law, ordinance, or regulation of any governmental entity.
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Samples: Securities Exchange Agreement (Cambex Corp), Securities Exchange Agreement (Cambex Corp), Securities Exchange Agreement (Cambex Corp)
Change in Business; Operations. The Company will not, without the consent of the Purchaser, not cause or effect any change in or addition to the primary business of the Company that has not been approved by Purchaser, such that more than 10% of the gross revenues consolidated net earnings of the Company are derived from a business other than the business in which the Company was engaged on the date hereof as reflected in the applicable last SEC Document filed prior to the First Closing ("Change in BusinessCHANGE IN BUSINESS"), except any such changes approved in advance in writing by the PurchaserRepresentative. The business of the Company and its subsidiaries shall not be conducted in violation of any law, ordinance, or regulation of any governmental entity.
Appears in 2 contracts
Samples: Bridge Note Purchase and Security Agreement (Tracker Corp of America), Bridge Note Purchase and Security Agreement (Tracker Corp of America)
Change in Business; Operations. The Company will not, without the consent of the Purchaser, not cause or effect any change in or addition to the primary business of the Company that has not been approved by the Purchaser, such that more than 10% of the gross consolidated net revenues of the Company are derived from a business other than the business in which the Company was engaged on the date hereof as reflected in the applicable last SEC Document filed prior to the First Closing ("Change in Business"), except any such changes approved in advance in writing by the PurchaserRepresentative. The business of the Company and its subsidiaries shall not be conducted in violation of any law, ordinance, or regulation of any governmental entity.
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Samples: Bridge Notes Purchase and Security Agreement (Providential Holdings Inc)
Change in Business; Operations. The Company will not, without the consent of the Purchaser, not cause or effect any change in or addition to the primary business of the Company that has not been approved by Purchaser, such that more than 10% of the gross revenues of the Company are derived from a business other than the business in which the Company was engaged on the date hereof as reflected in the applicable last SEC Document filed prior to the First Closing ("Change in Business"), except any such changes approved in advance in writing by the PurchaserRepresentative. The business of the Company and its subsidiaries shall not be conducted in violation of any law, ordinance, or regulation of any governmental entity.
Appears in 1 contract
