Common use of Continuation of or Change in Business Clause in Contracts

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business and services related to the insurance business, substantially as conducted and operated by the Borrower or Subsidiary during the present fiscal year, and the Borrower or Subsidiary shall not permit any material change in such business or services related thereto.

Appears in 8 contracts

Samples: Credit Agreement (Erie Indemnity Co), Credit Agreement (Erie Indemnity Co), Credit Agreement (Erie Indemnity Co)

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Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than those businesses in which the insurance business Borrower and services related to its Subsidiaries engage in as of the insurance businessClosing Date, substantially as conducted and operated by the Borrower or such Subsidiary during the present fiscal year, and the Borrower or such Subsidiary shall not permit any material change in such business or services related theretobusiness.

Appears in 4 contracts

Samples: Credit Agreement (Nacco Industries Inc), Credit Agreement (Nacco Industries Inc), Credit Agreement (Nacco Industries Inc)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than commercial printing, and certain leasing businesses in support thereof, and the insurance business supplying of office products and services related to the insurance businessoffice furniture, substantially as conducted and operated by the such Borrower or Subsidiary during the present fiscal year, and the such Borrower or Subsidiary shall not permit any material change in such business or services related theretobusiness.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Champion Industries Inc), Revolving Credit Agreement (Champion Industries Inc), Credit Agreement (Champion Industries Inc)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business and services related to of the insurance business, Borrower or such Subsidiary substantially as conducted and operated by the Borrower or such Subsidiary during the present fiscal year, and any line of business or business activity related or complementary to the business of the Borrower and its Subsidiaries conducted as of the Closing Date, or Subsidiary shall not permit any material change in such business or services related theretoconstituting a Permitted Related Business Opportunity.

Appears in 2 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than their current lines of business (collectively, the insurance business and services related to the insurance business"Business"), substantially as conducted and operated by the Borrower or Subsidiary such Loan Parties and their Subsidiaries during the present fiscal year, and the Borrower or Subsidiary Loan Parties and their Subsidiaries shall not permit any material change in such business or services related theretothe Business.

Appears in 2 contracts

Samples: Credit Agreement (Roundys Inc), Credit Agreement (Roundys Inc)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business and services related to of the insurance business, Borrower or such Subsidiary substantially as conducted and operated by the Borrower or such Subsidiary during the present fiscal year, and any line of business or business activity related or complementary to the business of the Borrower or Subsidiary shall not permit any material change in such business or services related theretoand its Subsidiaries conducted as of the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business and services related to the insurance business, substantially as conducted and operated by the Borrower or such Subsidiary during as of the present fiscal yeardate of consummation of the transactions contemplated by the Contribution Agreement and any business substantially related thereto, and neither the Borrower or nor any Subsidiary of the Borrower shall not permit any material change in such business or services related theretobusiness.

Appears in 2 contracts

Samples: Pledge Agreement (Arch Coal Inc), Note Pledge Agreement (Arch Coal Inc)

Continuation of or Change in Business. The Borrower Each of the Borrowers shall not, and shall not permit any of its Subsidiaries to, engage in any business other than in substantially the insurance business and services related to the insurance businesssame fields of enterprise as it is presently conducted, substantially as conducted and operated by the such Borrower or Subsidiary during the present fiscal year, and the such Borrower or Subsidiary shall not permit any material change in such business or services related theretobusiness.

Appears in 2 contracts

Samples: Credit Agreement (Cincinnati Financial Corp), Credit Agreement (Cincinnati Financial Corp)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business and services related to the insurance business, substantially as conducted and operated by the Borrower or such Subsidiary during as of the present fiscal yearRestatement Effective Date and any business substantially related thereto, and neither the Borrower or nor any Subsidiary of the Borrower shall not permit any material change in such business or services related theretobusiness.

Appears in 2 contracts

Samples: Pledge Agreement (Arch Coal Inc), Credit Agreement (Arch Coal Inc)

Continuation of or Change in Business. The Borrower shall not, and Borrower shall not permit any of its Subsidiaries to, engage in any business or operations other than ones complimentary to those of the insurance business and services related to the insurance business, Loan parties substantially as conducted and operated by the such Borrower or Subsidiary during the present fiscal year, and the such Borrower or Subsidiary shall not permit any material change in such business or services related theretobusiness.

Appears in 1 contract

Samples: Credit Agreement (Ii-Vi Inc)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other that is substantially different than the insurance business and services related to the insurance business, substantially as conducted and operated by the Borrower or Subsidiary during the present fiscal year, and the Borrower or Subsidiary shall not permit any material change in such business or services related theretobusiness.

Appears in 1 contract

Samples: Loan and Security Agreement (Wells Core Office Income Reit Inc)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any each of its Subsidiaries to, shall not engage in any business other than the insurance business and services related to the insurance business, substantially as conducted and operated by the Borrower or such Subsidiary during the present fiscal year, and the such Borrower or Subsidiary shall not permit any material change in such business or services related theretobusiness.

Appears in 1 contract

Samples: Credit Agreement (Kansas City Power & Light Co)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business of the Loan Parties and services related to the insurance businesstheir Subsidiaries, substantially as conducted and operated by the Borrower Loan Parties and their Subsidiaries, taken as a whole, as of the Effective Date or Subsidiary during the present fiscal yearbusiness that supports or is complimentary to such business, and the Borrower or Subsidiary Loan Parties shall not permit any material change in the nature of such business or services related theretobusiness.

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business spring water and services related to the insurance beverage production, manufacturing and distribution business, substantially as conducted and operated by the Borrower or Subsidiary during the present fiscal year, or any other business venture that is reasonably related thereto, and the Borrower or Subsidiary Subsidiaries shall not permit any material change in such business or services related theretobusiness.

Appears in 1 contract

Samples: Credit Agreement (Aquapenn Spring Water Company Inc)

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Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business of the Loan Parties and services related to the insurance businesstheir Subsidiaries, substantially as conducted and operated by the Borrower Loan Parties and their Subsidiaries, taken as a whole, as of the Closing Date or Subsidiary during the present fiscal year, and the Borrower business that supports or Subsidiary shall not permit any material change in is complimentary to such business or services related thereto.is a reasonable extension thereof

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business (including, without limitation, any joint ventures) other than the insurance business and services related to of the insurance business, Borrower or such Subsidiary substantially as conducted and operated by the Borrower or such Subsidiary during the present fiscal year, and any line of business or business activity related or complementary to the business of the Borrower and its Subsidiaries conducted as of the Closing Date, or Subsidiary shall not permit any material change in such business or services related theretoconstituting a Permitted Related Business Opportunity.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business of the Loan Parties and services related to the insurance businesstheir Subsidiaries, substantially as conducted and operated by the Borrower Loan Parties and their Subsidiaries, taken as a whole, as of the Closing Date or Subsidiary during the present fiscal yearbusiness that supports or is complimentary to such business, and the Borrower or Subsidiary Loan Parties shall not permit any material change in the nature of such business or services related theretobusiness.

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, (a) engage in any business other than in substantially the insurance business and services related to the insurance businesssame fields of enterprise as it is presently conducted, substantially as conducted and operated by the Borrower or such Subsidiary during the present fiscal year, and the Borrower or such Subsidiary shall not permit any material change in such business business, or services related thereto(b) change its form of organization, including a division into two or more entities.

Appears in 1 contract

Samples: Credit Facility Agreement (Cincinnati Financial Corp)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business and services related to the insurance business, substantially as conducted and operated by the Borrower or such Subsidiary during as of the present fiscal yeardate of consummation of the Merger and any business substantially related thereto, and neither the Borrower or nor any Subsidiary of the Borrower shall not permit any material change in such business or services related theretobusiness.

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business and services related to the insurance business, of Borrower or Subsidiary substantially as conducted and operated by the Borrower or Subsidiary during the present fiscal year, and the Borrower or Subsidiary shall not permit any material change in such line of business or services business activity related theretoor complementary to the business of the Loan Parties conducted as of the Closing Date.

Appears in 1 contract

Samples: Credit Facility Agreement (New Jersey Resources Corp)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, (a) engage in any business other than in substantially the insurance business and services related to the insurance businesssame fields of enterprise as it is presently conducted, substantially as conducted and operated by the Borrower or such Subsidiary during the present fiscal year, and the Borrower or such Subsidiary shall not permit any material change in such business business, or services related thereto.(b) change its form of organization, including a division into two or more entities. 6.2.9

Appears in 1 contract

Samples: Credit Facility Agreement (Cincinnati Financial Corp)

Continuation of or Change in Business. The Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the insurance business and services related to the insurance business, substantially as conducted and operated by the Borrower or such Subsidiary during as of the present fiscal yeardate of consummation of the Acquisition and any business substantially related thereto, and neither the Borrower or nor any Subsidiary of the Borrower shall not permit any material change in such business or services related theretobusiness.

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

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