Common use of Changes in Nature of Business Clause in Contracts

Changes in Nature of Business. Make any changes in any of its business that would reasonably be expected to adversely affect repayment of the Obligations or would reasonably be expected to have a Material Adverse Effect, or engage in any business other than (a) that presently engaged in or (b) any business reasonably related, ancillary, complementary, or incidental thereto and reasonable extensions thereof.

Appears in 2 contracts

Samples: Subordination and Intercreditor Agreement (Volta Inc.), Term Loan, Guarantee and Security Agreement (Volta Inc.)

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Changes in Nature of Business. Make any changes in any of its business objectives, purposes, or operations that would could reasonably be expected to adversely affect repayment of the Obligations or would could reasonably be expected to have a Material Adverse Effect, or engage in any business other than (a) that presently engaged in or (b) any business reasonably related, ancillary, complementary, or incidental thereto and reasonable extensions thereofproposed to be engaged in the Projections delivered to Lender on the Closing Date.

Appears in 2 contracts

Samples: Loan Agreement (Xfone Inc.), Term Loan, Guaranty and Security Agreement (Horizon Offshore Inc)

Changes in Nature of Business. Make any changes in any of its business objectives, purposes, or operations that would could reasonably be expected to adversely affect repayment of the Obligations or would could reasonably be expected to have a Material Adverse Effect, or engage in any business other than (a) that presently engaged in or (b) any business reasonably related, ancillary, complementary, or incidental thereto and reasonable extensions thereofproposed to be engaged in the Projections delivered to Bank.

Appears in 1 contract

Samples: Loan Agreement (Horizon Offshore Inc)

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Changes in Nature of Business. Make any changes in any of its business objectives, purposes, or operations that would could reasonably be expected to adversely affect repayment of the Obligations or would could reasonably be expected to have a Material Adverse Effect, or engage in any business other than (a) that presently engaged in or (b) any business reasonably related, ancillary, complementary, or incidental thereto and reasonable extensions thereofin.

Appears in 1 contract

Samples: Guarantee and Security Agreement (EVmo, Inc.)

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