Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Closing Date.
Appears in 13 contracts
Samples: Credit Agreement (Sonida Senior Living, Inc.), Credit Agreement (Envestnet, Inc.), Credit Agreement (Envestnet, Inc.)
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Closing Date, except for such other businesses reasonably related or complementary thereto or in furtherance thereof.
Appears in 6 contracts
Samples: Credit Agreement (Centerspace), Term Loan Agreement (Centerspace), Credit Agreement (Centerspace)
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Restricted Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Restricted Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Closing Date.
Appears in 6 contracts
Samples: Credit Agreement (Dynatrace, Inc.), Credit Agreement (Dynatrace, Inc.), Credit Agreement (Dynatrace, Inc.)
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature an Eligible Line of the business engaged in by it as of the Closing DateBusiness.
Appears in 4 contracts
Samples: Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.)
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Closing DateDate or a Related Line of Business.
Appears in 3 contracts
Samples: Credit Agreement (Limbach Holdings, Inc.), Loan Agreement (Limbach Holdings, Inc.), Credit Agreement (Limbach Holdings, Inc.)
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Closing DateDate and business reasonably related or reasonably complementary thereto.
Appears in 3 contracts
Samples: Credit Agreement (AlTi Global, Inc.), Credit Agreement (AlTi Global, Inc.), Senior Secured Credit Facility (Alvarium Tiedemann Holdings, Inc.)
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Closing DateDate or an Eligible Line of Business.
Appears in 2 contracts
Samples: Credit Agreement (Cal-Maine Foods Inc), Credit Agreement (Cal-Maine Foods Inc)
Change in the Nature of Business. No Loan Party shall, nor shall it any Loan Party permit any of its Subsidiaries Subsidiary to, engage in any business or activity if as a result the general nature of the business of such any Loan Party or any of its Subsidiaries Subsidiary would be changed in any material respect from the general nature of the business engaged in by it as of the Restatement Closing Date.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Sparton Corp), Credit and Guaranty Agreement (Sparton Corp)
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Closing Date, unless such business or activity constitutes an Eligible Line of Business.
Appears in 2 contracts
Samples: Credit Agreement (Performant Financial Corp), Credit Agreement (Performant Financial Corp)
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Closing DateRestatement Effective Date or a Related Line of Business.
Appears in 2 contracts
Samples: Credit Agreement (Limbach Holdings, Inc.), Credit Agreement (Limbach Holdings, Inc.)
Change in the Nature of Business. No Loan Party shallshall not, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Closing Effective Date.
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Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Initial Closing Date,; provided that nothing herein shall be deemed to prohibit or restrict any Loan Party from engaging in any business which is reasonably related to the core business engaged in by it on the Initial Closing Date.
Appears in 1 contract
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Closing Date, provided that nothing herein shall be deemed to prohibit or restrict any Loan Party from engaging in any business which is reasonably related to the core business engaged in by it on the Closing Date.
Appears in 1 contract
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries Subsidiary to, engage in any business or activity if as a result the general nature of the business of such any Loan Party or any of its Subsidiaries Subsidiary would be changed in any material respect from the general nature of the business engaged in by it as of the Closing Date, and any Subsidiary acquired or formed after the date hereof shall be in the same or similar line of business as the Borrower is engaged in as of the date hereof.
Appears in 1 contract
Samples: Credit Agreement (Northern Star Investment Corp. II)
Change in the Nature of Business. No Loan Party shall, nor shall it any Loan Party permit any of its Subsidiaries Subsidiary to, engage in any business or activity if as a result the general nature of the business of such any Loan Party or any of its Subsidiaries Subsidiary would be changed in any material respect from the general nature of the business engaged in by it as of the Closing Date.
Appears in 1 contract
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such the Loan Party or any of its Subsidiaries Parties and their Subsidiaries, taken as a whole, would be changed in any material respect from the general nature of the business engaged in by it the Loan Parties and their Subsidiaries, taken as a whole, as of the Closing DateDate and reasonable extensions thereof including business similar, related, ancillary or complementary thereto.
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Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries Pledged Subsidiary to, engage in any business or activity if as a result the general nature of the business of such any Loan Party or any of its Subsidiaries Pledged Subsidiary would be changed in any material respect from the general nature of the business engaged in by it as of the Closing Date, and any Subsidiary acquired or formed after the date hereof shall be in the same or similar line of business as the Borrower is engaged in as of the date hereof.
Appears in 1 contract
Samples: Credit Agreement (Cowen Inc.)
Change in the Nature of Business. No Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the business of such Loan Party or any of its Subsidiaries would be changed in any material respect from the general nature of the business engaged in by it as of the Initial Closing Date; provided that nothing herein shall be deemed to prohibit or restrict any Loan Party from engaging in any business which is reasonably related to the core business engaged in by it on the Initial Closing Date.
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