Common use of Changes in Nature of Business Clause in Contracts

Changes in Nature of Business. No Loan Party or any Subsidiary of a Loan Party shall engage in any business other than businesses of the type conducted by such entity on the date of execution of this Agreement and businesses reasonably incidental or related thereto and any reasonable extension thereof.

Appears in 2 contracts

Samples: Credit Agreement (Globant S.A.), Credit Agreement (Globant S.A.)

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Changes in Nature of Business. No Each Loan Party or will not, and will not permit any Subsidiary of a Loan Party shall to, engage to any material extent in any business other than those businesses of the type conducted by such entity Loan Party and its Subsidiaries on the date of execution of this Agreement and businesses hereof or any business reasonably related or incidental thereto or related thereto and any representing a reasonable extension expansion thereof.

Appears in 2 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement (Enstar Group LTD)

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Changes in Nature of Business. No Each Loan Party or will not engage to any Subsidiary of a Loan Party shall engage material extent in any business other than those businesses of the type conducted by such entity the Loan Parties on the date of execution of this Agreement and businesses hereof or any business reasonably related or incidental thereto or related thereto and any representing a reasonable extension expansion thereof.

Appears in 1 contract

Samples: Credit Agreement (Seaport Entertainment Group Inc.)

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