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 substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and business or operations complimentary thereto, and such Loan Party or Subsidiary shall not permit any material change in such business.
Appears in 3 contracts
Samples: Credit Agreement (Ii-Vi Inc), Continuing Agreement (Ii-Vi Inc), Credit Agreement (Ii-Vi Inc)
Continuation of or Change in Business. Each of the Loan Parties (other than Hallador) shall not, and shall not permit any of its Subsidiaries to, engage in any business or operations other than substantially as conducted and operated by the business that such Loan Party or Subsidiary during the present fiscal year, is currently engaged in and business or operations complimentary theretoreasonable extensions thereof, and such Loan Party or Subsidiary shall not permit any material change in such business.
Appears in 3 contracts
Samples: Credit Agreement (Hallador Energy Co), Credit Agreement (Hallador Energy Co), Credit Agreement (Hallador Petroleum Co)
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 as substantially as conducted and operated by such Loan Party as a global diversified holding company or Subsidiary during the present fiscal year, and business or operations complimentary theretoaccretive to such Loan Party’s business, and such Loan Party or Subsidiary shall not permit any material change in such business.
Appears in 2 contracts
Samples: Credit Agreement (Steel Partners Holdings L.P.), Credit Agreement (Handy & Harman Ltd.)
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 ones complimentary to those of the Loan parties substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and business or operations complimentary thereto, and such Loan Party or Subsidiary shall not permit any material change in such business.
Appears in 2 contracts
Samples: Joinder and Assumption Agreement (Ii-Vi Inc), Credit Agreement (Ii-Vi Inc)
Continuation of or Change in Business. Each of the Loan Parties shall not, not and shall not permit Hallador Sands or any Subsidiary of its Subsidiaries Hallador Sands to, engage in any business or operations other than substantially as conducted and operated by the business that such Loan Party or Subsidiary during the present fiscal year, is currently engaged in and business or operations complimentary theretoreasonable extensions thereof, and such Loan Party or Subsidiary shall not permit any material change in such business.
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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 Hourglass Sands or High Point to, engage in any business or operations other than substantially as conducted and operated by the business that such Loan Party or Subsidiary during the present fiscal year, is currently engaged in and business or operations complimentary theretoreasonable extensions thereof, and such Loan Party or Subsidiary shall not permit any material change in such business.
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