Common use of Continuation of Businesses Clause in Contracts

Continuation of Businesses. Engage, or permit any Subsidiary to engage, in any line of business which is material to the Borrower and its Subsidiaries, taken as a whole, other than businesses engaged in by the Borrower and its Subsidiaries as of the date hereof and reasonable extensions thereof.

Appears in 33 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement (Atlantic City Electric Co)

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Continuation of Businesses. Engage, or permit any Subsidiary to engage, in any line of business which is material to the Borrower Company and its Subsidiaries, taken as a whole, other than businesses engaged in by the Borrower Company and its Subsidiaries as of the date hereof and reasonable extensions thereof.

Appears in 3 contracts

Samples: Facility Credit Agreement (Exelon Corp), Facility Credit Agreement (Exelon Corp), Letter of Credit and Reimbursement Agreement (Commonwealth Edison Co)

Continuation of Businesses. EngageEngage in, or permit any Subsidiary to engageengage in, in any line of business which is material to the Borrower and its Subsidiaries, Subsidiaries taken as a whole, other than businesses engaged in by the Borrower and its Subsidiaries as of the date hereof and reasonable extensions thereof.

Appears in 2 contracts

Samples: Term Loan Agreement (Exelon Corp), Term Loan Agreement (Exelon Corp)

Continuation of Businesses. EngageEngage in, or permit any Subsidiary to engageengage in, in any material line of business which is material to the Borrower and its Subsidiaries, taken as a whole, other than businesses engaged in by the Borrower and its Subsidiaries as of the date hereof (assuming the PECO/Unicom Merger had been completed) and reasonable extensions thereof.

Appears in 1 contract

Samples: Term Loan Agreement (Exelon Corp)

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Continuation of Businesses. Engage, or permit any Subsidiary to engage, in any line of business which is material to the Borrower and its Subsidiaries, taken as a whole, other than businesses engaged in by the Borrower and its Subsidiaries as of the date hereof and reasonable extensions thereof.,

Appears in 1 contract

Samples: 364 Day Term Loan Credit Agreement (Peco Energy Co)

Continuation of Businesses. EngageEngage in, or permit any Subsidiary to engageengage in, in any line of business which is material to the Borrower and its Subsidiaries, taken as a whole, other than businesses engaged in by the Borrower and its Subsidiaries as of the date hereof and reasonable extensions thereof.

Appears in 1 contract

Samples: Credit Agreement (Exelon Corp)

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