Common use of Existence; Business Clause in Contracts

Existence; Business. Borrower will (a) maintain its existence, (b) engage primarily in business of the same general character as that now conducted, and (c) refrain from entering into any lines of business substantially different from the business or activities in which Borrower is presently engaged.

Appears in 4 contracts

Samples: Credit Agreement (Bioanalytical Systems Inc), Credit Agreement (Ogara Co /Oh/), Credit Agreement (Obsidian Enterprises Inc)

AutoNDA by SimpleDocs

Existence; Business. Borrower will shall (a) maintain its existenceexistence as a corporation, (b) continue to engage primarily in business of the same general character as that now conducted, and (c) refrain from entering into any lines of business substantially different from the business or activities in which Borrower is presently engaged.

Appears in 2 contracts

Samples: Revolving Note (Birmingham Bloomfield Bancshares), Credit Agreement (Education Lending Group Inc)

Existence; Business. Borrower will shall (a) maintain its existenceexistence as a ------------------- corporation, (b) continue to engage primarily in business of the same general character as that now conducted, and (c) refrain from entering into any lines of business substantially different from the business or activities in which Borrower is presently engaged.

Appears in 1 contract

Samples: Credit Agreement (Direct Iii Marketing Inc)

Existence; Business. Borrower will (a) maintain its existence, and (b) engage primarily in business of the same general character as that now conducted, and (c) refrain from entering into any lines of business substantially different from the business or activities in which Borrower is presently engaged.

Appears in 1 contract

Samples: Credit Agreement (Interlott Technologies Inc)

Existence; Business. Borrower will (a) maintain Maintain its existenceexistence as a corporation, (b) in the case of Borrower, continue to engage primarily in business of the same general character as that now conducted, and (c) in the case of Borrower, refrain from entering into any lines of business substantially different from the business or activities in which Borrower Loan Party is presently engaged.

Appears in 1 contract

Samples: Credit Agreement (Arotech Corp)

AutoNDA by SimpleDocs

Existence; Business. Borrower will (a) maintain its existenceexistence as an Ohio corporation, (b) engage primarily in business of the same general character as that now conducted, and (c) refrain from entering into any lines of business substantially different from the business or activities in which Borrower is presently engaged.

Appears in 1 contract

Samples: Credit Agreement (Bancinsurance Corp)

Existence; Business. Borrower will will (a) maintain its existenceexercise, (b) engage primarily in business of the same general character as that now conducted, and (c) refrain from entering into any lines of business substantially different from the business or activities in which Borrower is presently engaged.

Appears in 1 contract

Samples: Master Note (Peoples Bancorp Inc)

Existence; Business. Borrower will (a) maintain its existence, and (b) engage primarily in business of the same general character as that now conducted, and (c) refrain from entering into any lines of business substantially different from the business or activities in which Borrower is presently engagedconducted .

Appears in 1 contract

Samples: Credit Agreement (Interlott Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!