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

Continuation of or Change in Business. No Loan Party shall, nor shall any Loan Party permit any of its Subsidiaries to, engage in any business other than the business of owning, constructing, managing and operating Communications or IT Systems, or other lines of business necessary or ancillary to the foregoing or consistent with advances in the Communications or IT Systems industry, in each case, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and such Loan Party or Subsidiary shall not permit any material change in such business.

Appears in 4 contracts

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

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Continuation of or Change in Business. No Loan Party shall, nor shall any Loan Party permit any of its Subsidiaries to, engage in any line of business other than those lines of business conducted by the business of owningLoan Parties on the date hereof, constructing, managing substantially as conducted and operating Communications operated by such Loan Party or IT SystemsSubsidiary during the present fiscal year, or other lines of business necessary or ancillary to the foregoing or consistent with advances in the Communications or IT Systems industry, in each case, substantially as conducted and operated by such industry of the Loan Party or Subsidiary during the present fiscal year, and such Loan Party or Subsidiary shall not permit any material change in such businessParties.

Appears in 3 contracts

Samples: Credit Agreement (Nuvera Communications, Inc.), Credit Agreement (Nuvera Communications, Inc.), Credit Agreement (Nuvera Communications, Inc.)

Continuation of or Change in Business. No Loan Party shall, nor shall any Loan Party permit any of its Subsidiaries to, engage in any line of business other than the business of owning, constructing, managing and operating Communications or IT Systems, or other those lines of business necessary or ancillary to the foregoing or consistent with advances in the Communications or IT Systems industry, in each case, substantially as conducted and operated by such Loan Party or Subsidiary during on the present fiscal yeardate hereof, and such Loan Party or Subsidiary shall not permit any material change in such business.

Appears in 2 contracts

Samples: Credit Agreement (Andersons, Inc.), Credit Agreement (Andersons, Inc.)

Continuation of or Change in Business. No Loan Party shall, nor shall any Loan Party permit any of its Subsidiaries Restricted Subsidiary to, engage in any business other than the business of owning, constructing, managing and operating Communications or IT Systems, or other lines of business necessary or ancillary to the foregoing or consistent with advances in the Communications or IT Systems industry, in each case, substantially as conducted and operated by such Loan Party or Restricted Subsidiary during on the present fiscal yearClosing Date, and such Loan Party or Restricted Subsidiary shall not permit any material change in such business.

Appears in 1 contract

Samples: Credit Agreement (ATN International, Inc.)

Continuation of or Change in Business. No Loan Party shall, nor shall any Loan Party permit any of its Subsidiaries to, engage in any business other than the business of owning, constructing, managing and operating Communications or IT Systems, or Systems and other lines of business necessary or ancillary to the foregoing or (including any lines of business being conducted as of the Execution Date), consistent with advances in the Communications or IT Systems industry, in each case, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and such Loan Party or Subsidiary shall not permit any material change in such business.

Appears in 1 contract

Samples: Credit Agreement (Hawaiian Telcom Holdco, Inc.)

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Continuation of or Change in Business. No Loan Party shall, nor shall any Loan Party permit any of its Subsidiaries to, engage in any business other than the business of owning, constructing, managing and operating Communications or IT Systems, or other lines of business necessary or ancillary to the foregoing or consistent with advances in the Communications or IT Systems industry, in each case, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and such Loan Party or Subsidiary shall not permit any material change in such business.

Appears in 1 contract

Samples: Credit Agreement (Otelco Inc.)

Continuation of or Change in Business. No Loan Party shall, nor shall any Loan Party permit any of its Subsidiaries to, engage in any line of business other than the business of owning, constructing, managing and operating Communications or IT Systems, or other those lines of business necessary or ancillary to conducted by the foregoing or consistent with advances in Loan Parties on the Communications or IT Systems industry, in each casedate hereof, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, year and such Loan Party or Subsidiary shall not permit any material change in such businessbusinesses reasonably related thereto.

Appears in 1 contract

Samples: Credit Agreement (Andersons, Inc.)

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