Common use of Change in Nature of Business; Organization Documents Clause in Contracts

Change in Nature of Business; Organization Documents. (a) The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Restatement Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 5 contracts

Samples: Credit Agreement (Yellow Corp), Credit Agreement (YRC Worldwide Inc.), Credit Agreement (YRC Worldwide Inc.)

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Change in Nature of Business; Organization Documents. (a) The Borrower shall not, nor shall the Borrower permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted conducted, or proposed to be conducted, by the Borrower and the its Restricted Subsidiaries on the Restatement Effective Closing Date or any business reasonably businesses, services and activities that are related, complementary, synergistic synergistic, incidental, ancillary or ancillary similar thereto or reasonable are extensions or developments of any thereof.

Appears in 4 contracts

Samples: Credit Agreement (Surgery Partners, Inc.), Credit Agreement (Surgery Partners, Inc.), Credit Agreement (Surgery Partners, Inc.)

Change in Nature of Business; Organization Documents. (a) The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Restatement Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 2 contracts

Samples: Tranche B Term Loan Credit Agreement (YRC Worldwide Inc.), Term Loan Credit Agreement (YRC Worldwide Inc.)

Change in Nature of Business; Organization Documents. (a) The Borrower shall not, nor shall the Borrower permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the its Restricted Subsidiaries on the Restatement Effective Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 2 contracts

Samples: Credit Agreement (Surgery Partners, Inc.), Credit Agreement (Surgery Partners, Inc.)

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Change in Nature of Business; Organization Documents. (ag) The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Restatement Effective Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 1 contract

Samples: Credit Agreement (YRC Worldwide Inc.)

Change in Nature of Business; Organization Documents. (a) The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Restatement Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.. 116

Appears in 1 contract

Samples: Credit Agreement (Yellow Corp)

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