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

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such business.

Appears in 5 contracts

Samples: Credit Agreement (Mastech Digital, Inc.), Credit Agreement (Mastech Digital, Inc.), Credit Agreement (Mastech Digital, Inc.)

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Continuation of or Change in Business. Each of the No Loan Parties Party shall, nor shall not, and shall not any Loan Party permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted the business of owning, constructing, managing and operated by such Loan Party operating Communications or Subsidiary during IT Systems, or other lines of business necessary or ancillary to the fiscal year ended December 31foregoing or consistent with advances in the Communications or IT Systems industry, 2016in each case, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business.

Appears in 4 contracts

Samples: Credit Agreement (Alaska Communications Systems Group Inc), Credit Agreement (Alaska Communications Systems Group Inc), Second Lien Credit Agreement (Alaska Communications Systems Group Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (ia) those businesses conducted operation of designer and operated by such Loan Party name brand shoe stores and related accessories, or Subsidiary during (b) operation of licensed shoe departments, and any other business reasonably incidental thereto in each case, as to the fiscal year ended December 31, 2016existing business, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business.

Appears in 4 contracts

Samples: Credit Agreement (DSW Inc.), Revolving Credit Facility (Retail Ventures Inc), Revolving Credit Facility (DSW Inc.)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, as substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, year and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business.

Appears in 3 contracts

Samples: Credit Agreement (Johnson Outdoors Inc), Credit Agreement (Johnson Outdoors Inc), Credit Agreement (Johnson Outdoors Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business.

Appears in 3 contracts

Samples: Credit Agreement (Pegasystems Inc), Credit Agreement (Audio Communications Network Inc), Revolving Credit Facility (Rainbow Rentals Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business or operations other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related business or complementary operations complimentary thereto, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business.

Appears in 3 contracts

Samples: Credit Agreement (Ii-Vi Inc), Credit Agreement (Ii-Vi Inc), Credit Agreement (Ii-Vi Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such the business of each Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably any line of business or business activity related or complementary thereto, and such to the business of the Loan Party or Subsidiary shall not permit any fundamental change in such businessParties conducted as of the Closing Date.

Appears in 3 contracts

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

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially business as conducted and operated by such Loan Party or Subsidiary during the present fiscal yearyear and other related businesses in the hydraulic and electronic control systems industries, and (ii) businesses adjacent, ancillary or reasonably related industrial goods businesses, including, without limitation, businesses that are related vertically in the same industry or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such businesschannel to market.

Appears in 3 contracts

Samples: Credit Agreement (Helios Technologies, Inc.), Credit Agreement (Helios Technologies, Inc.), Credit Agreement (Helios Technologies, Inc.)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially same business as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, year and (ii) other lines of consulting services businesses reasonably related which are substantially the same or complementary thereto, substantially similar as one or more lines of business then conducted by the Loan Parties and such Loan Party or Subsidiary shall not permit any fundamental change in such businesstheir Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (KPMG Consulting Inc), Revolving Credit Facility (KPMG Consulting Inc), Revolving Credit Facility (KPMG Consulting Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially business as conducted and operated by such Loan Party or Subsidiary during the present fiscal yearyear and other related businesses in the hydraulic cartridge valve, manifold and electronic control systems industries, and (ii) businesses related fluid power technology sectors, and adjacent, ancillary or reasonably related capital goods businesses, including, without limitation, businesses that are related vertically in the same product or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such businessservice distribution channels.

Appears in 2 contracts

Samples: Revolving Credit Facility (Sun Hydraulics Corp), Revolving Credit Facility Agreement (Sun Hydraulics Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 20162008, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such business.

Appears in 2 contracts

Samples: Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation)

Continuation of or Change in Business. Each of the The Loan Parties shall not, and shall not permit any of its itstheir Subsidiaries (other than any Unrestricted Subsidiary and any Energy Transition Infrastructure Subsidiary) to, engage in any business other than (i) those businesses conducted in which the Loan Parties and operated by such Loan Party or Subsidiary during itstheir Subsidiaries engage in as of the fiscal year ended December 31, 2016Closing Date, substantially as conducted and operated by the Loan Parties or such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related the Loan Parties or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business.

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses substantially as conducted and operated by such Loan Party or Subsidiary during the fiscal year 70 81 ended December July 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto1998, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business other than changes which enhance or complement such business.

Appears in 1 contract

Samples: Revolving Credit Facility (Brady Corp)

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Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 20162015, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such business.

Appears in 1 contract

Samples: Credit Agreement (CALGON CARBON Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any material line of business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal yearyear and any business or other activities that are reasonably similar, and (ii) businesses reasonably ancillary, incidental, complementary or related thereto or complementary thereto, and such Loan Party a reasonable extension or Subsidiary shall not permit any fundamental change in such businessexpansion thereof.

Appears in 1 contract

Samples: Credit Agreement (Gentex Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such the business of each Loan Party or Unregulated Subsidiary during the fiscal year ended December 31, 2016, substantially as conducted and operated by such Loan Party or Unregulated Subsidiary during the present fiscal year, and (ii) businesses reasonably any line of business or business activity related or complementary thereto, and such to the business of the Loan Party or Subsidiary shall not permit any fundamental change in such businessParties conducted as of the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 20162010, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such business.

Appears in 1 contract

Samples: Credit Agreement (Calgon Carbon Corporation)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 20162012, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such business.

Appears in 1 contract

Samples: Credit Agreement (Calgon Carbon Corporation)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any material line of business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal yearyear and any business or other activities that are reasonably similar, and (ii) businesses reasonably ancillary, incidental, complementary or related thereto or complementary thereto, and such Loan Party a reasonable extension or Subsidiary shall not permit any fundamental change in such business.expansion thereof. 70

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Gentex Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted that described in its Form 10-K filed with the Securities and operated by such Loan Party or Subsidiary during Exchange Commission for the fiscal year period ended December March 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto2008, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business.

Appears in 1 contract

Samples: Credit Agreement (Breeze-Eastern Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses substantially as conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December July 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto1998, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business other than changes which enhance or complement such business.

Appears in 1 contract

Samples: Revolving Credit Facility Credit Agreement (Brady Corp)

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