Changes in Nature of Business. Each Loan Party will not, and will not permit any Subsidiary to, engage to any material extent in any business other than those businesses conducted by such Loan Party and its Subsidiaries on the date hereof or any business reasonably related or incidental thereto or representing a reasonable expansion thereof.
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Samples: Revolving Credit Agreement (Enstar Group LTD), Revolving Credit Agreement
Changes in Nature of Business. Each Loan Party will not, and will not permit any Subsidiary to, engage to any material extent in any business other than those businesses conducted by such the Loan Party and its Subsidiaries Parties on the date hereof or any business reasonably related or incidental thereto or representing a reasonable expansion thereof.
Appears in 2 contracts
Samples: Credit Agreement (Seaport Entertainment Group Inc.), Credit Agreement (Seaport Entertainment Group Inc.)
Changes in Nature of Business. Each No Loan Party will notshall, and will shall not cause or permit any Subsidiary of its Restricted Subsidiaries (other than any Immaterial Subsidiary) to, engage to any material extent in any business other than those businesses of the type conducted by such Loan Party and its Restricted Subsidiaries thereof on the date hereof or any business of execution of this Agreement and businesses reasonably related or incidental thereto or representing a and any reasonable expansion extension thereof.
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