Common use of Changes in Nature of Business Clause in Contracts

Changes in Nature of Business. The Borrower will not, and will not permit any Subsidiary to, engage to any material extent in any business other than those businesses conducted by the Borrower and its Subsidiaries on the date hereof or any business reasonably related, ancillary, complimentary or incidental thereto, necessary or appropriate for, or representing a reasonable expansion thereof.

Appears in 8 contracts

Samples: Credit Agreement (TerrAscend Corp.), Credit Agreement (TerrAscend Corp.), Credit Agreement (TerrAscend Corp.)

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Changes in Nature of Business. The Borrower will not, and will not permit any Subsidiary to, engage to any material extent in any business other than those businesses conducted by the Borrower and its Subsidiaries on the date hereof or any business reasonably related, ancillary, complimentary related or incidental thereto, necessary or appropriate for, thereto or representing a reasonable expansion thereof.

Appears in 7 contracts

Samples: Credit Agreement (SWK Holdings Corp), Credit Agreement (SWK Holdings Corp), Credit Agreement (Istar Inc.)

Changes in Nature of Business. The Borrower will not, and will not permit any Subsidiary to, engage to any material extent in any business other than those businesses conducted by the Borrower and its Subsidiaries on the date hereof Original Closing Date or any business reasonably related, ancillary, complimentary related or incidental thereto, necessary or appropriate for, complementary thereto or representing a reasonable expansion thereof.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Power Solutions International, Inc.), Uncommitted Revolving Credit Agreement (Power Solutions International, Inc.), Revolving Credit Agreement (Power Solutions International, Inc.)

Changes in Nature of Business. The Borrower will shall not, and will shall not permit any Subsidiary to, engage to any material extent in any business other than those businesses conducted by the Borrower and its Subsidiaries on the date hereof or any business reasonably related, ancillary, complimentary related or incidental thereto, necessary or appropriate for, thereto or representing a reasonable expansion thereof.

Appears in 2 contracts

Samples: Loan Agreement (Sumitomo Chemical Co., Ltd.), Loan Agreement (Urovant Sciences Ltd.)

Changes in Nature of Business. The Borrower will not, and will not permit any Subsidiary to, engage to any material extent in any business other than those businesses conducted by the Borrower and its Subsidiaries on the date hereof or any business reasonably related, ancillary, complimentary related or incidental thereto, necessary or appropriate for, complementary thereto or representing a reasonable expansion thereof.

Appears in 1 contract

Samples: Credit Agreement (Power Solutions International, Inc.)

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Changes in Nature of Business. The Borrower will not, and will not permit any Subsidiary to, engage to any material extent in any business other than those businesses conducted by the Borrower and its Subsidiaries on the date hereof Closing Date or any business reasonably related, ancillary, complimentary related or incidental thereto, necessary or appropriate for, complementary thereto or representing a reasonable expansion thereof.

Appears in 1 contract

Samples: Credit Agreement (Power Solutions International, Inc.)

Changes in Nature of Business. The Borrower will not, and will not permit any Subsidiary to, engage to any material extent in any business other than those businesses conducted by the Borrower and its Subsidiaries on the date hereof or any business reasonably relatedcomplementary, ancillary, complimentary reasonably related or incidental thereto, necessary or appropriate for, or representing a reasonable expansion thereof.

Appears in 1 contract

Samples: Credit Agreement (GAIN Capital Holdings, Inc.)

Changes in Nature of Business. The Borrower will shall not, and will shall not cause or permit any Restricted Subsidiary to, engage to any material extent in any business other than those businesses of the type conducted by the Borrower and its Restricted Subsidiaries on the date hereof of execution of this Agreement and businesses reasonably incidental or any business reasonably related, ancillary, complimentary or incidental thereto, necessary or appropriate for, or representing a related thereto and reasonable expansion extensions thereof.

Appears in 1 contract

Samples: Credit Agreement (Formfactor Inc)

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