Common use of Discontinuance of Business Clause in Contracts

Discontinuance of Business. Any Credit Party shall cease to be principally engaged in the businesses and operations in which such Persons were principally engaged on the Closing Date;

Appears in 3 contracts

Samples: Credit Agreement (Hallwood Group Inc), Credit Agreement (Hallwood Group Inc), Credit Agreement (Hallwood Group Inc)

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Discontinuance of Business. Any Except as permitted by Section 7.4, any Credit Party shall cease to be principally engaged in the businesses and operations in which such Persons were Credit Party was principally engaged on the Closing Date;.

Appears in 2 contracts

Samples: Credit Agreement (Maverick Tube Corporation), Credit Agreement (Maverick Tube Corporation)

Discontinuance of Business. Any Credit Party shall cease to be principally engaged in the businesses and operations in which such Persons were Credit Party was principally engaged on the Closing Date;

Appears in 2 contracts

Samples: Credit Agreement (Aventine Renewable Energy Holdings Inc), Credit Agreement (Aventine Renewable Energy Holdings Inc)

Discontinuance of Business. Any Except as permitted by Section 7.4 and Section 7.5, any Credit Party shall cease to be principally engaged in the businesses and operations in which such Persons were Credit Party was principally engaged on the Closing Date;.

Appears in 2 contracts

Samples: Credit Agreement (Maverick Tube Corporation), Credit Agreement (Maverick Tube Corporation)

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Discontinuance of Business. Any Except as permitted by Section 7.4, any Credit Party shall cease to be principally engaged in the businesses and operations in which such Persons were Credit Party was principally engaged on the Closing Date;

Appears in 1 contract

Samples: Credit Agreement (Aventine Renewable Energy Holdings Inc)

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