Common use of Limitation on Lines of Business Clause in Contracts

Limitation on Lines of Business. The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, except for those businesses of the same general type as those in which the Borrower and its Restricted Subsidiaries are engaged in on the Closing Date or which are reasonably related thereto and any business related thereto.

Appears in 15 contracts

Samples: Cash Flow Credit Agreement (Cornerstone Building Brands, Inc.), Credit Agreement (Core & Main, Inc.), Credit Agreement (Core & Main, Inc.)

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Limitation on Lines of Business. The Parent Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, except for those businesses of the same general type as those in which the Parent Borrower and its Restricted Subsidiaries are engaged in on the Closing Date or which are reasonably related thereto and any business related thereto.

Appears in 8 contracts

Samples: Credit Agreement (SiteOne Landscape Supply, Inc.), Credit Agreement (SiteOne Landscape Supply, Inc.), Credit Agreement (SiteOne Landscape Supply, Inc.)

Limitation on Lines of Business. The Borrower shall will not, and shall will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, except for those businesses of the same general type as those in which the Borrower and its the Restricted Subsidiaries are engaged in on the Closing Date or which are reasonably related thereto and any business related theretothat constitutes a Related Business.

Appears in 2 contracts

Samples: First Lien Credit Agreement (Us LBM Holdings, Inc.), Second Lien Credit Agreement (Us LBM Holdings, Inc.)

Limitation on Lines of Business. The Borrower shall will not, and shall will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, except for those businesses of the same general type (including any insurance related matters) as those in which the Borrower and its Restricted the Subsidiaries are engaged in on the Closing Date or which are reasonably related thereto and any business related theretothat constitutes a Related Business.

Appears in 2 contracts

Samples: Credit Agreement (Abacus Life, Inc.), SPV Investment Facility (Abacus Life, Inc.)

Limitation on Lines of Business. The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, business except for those businesses of the same general type as those in which the Borrower and its Restricted Subsidiaries are engaged in (or proposed to be engaged) on the Closing Date date of this Agreement or which are reasonably related thereto and any business directly related thereto.

Appears in 1 contract

Samples: Bridge Loan and Override Agreement (Global Signal Inc)

Limitation on Lines of Business. The Borrower shall not, and shall -------------------------------- not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, except for those businesses of the same general type as those in which the Borrower and its Restricted Subsidiaries are engaged in on the Closing Date date of this Agreement or which are reasonably related thereto and any business related thereto.

Appears in 1 contract

Samples: Credit Agreement (Geerlings & Wade Inc)

Limitation on Lines of Business. The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, except for those thoseany businesses or business activity of the same general type as those in which the Borrower and its Restricted Subsidiaries are engaged in on the Closing Date or which are reasonably related thereto and any business related relatedsimilar, corollary, related, incidental or complementary business or business activities or a reasonable extension, development or expansion thereof or ancillary thereto.

Appears in 1 contract

Samples: Credit Agreement (Floor & Decor Holdings, Inc.)

Limitation on Lines of Business. The Borrower shall not, and each of WTI, LP and the Borrower shall not permit any of its Restricted the Borrower's Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, except for those businesses of the same general type as those in which the Borrower and its Restricted Subsidiaries are engaged in on the Closing Date date of this Agreement or which that are reasonably related thereto and any business related thereto.

Appears in 1 contract

Samples: Credit Agreement (Worldspan L P)

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Limitation on Lines of Business. The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted SubsidiarySubsidiary or joint venture or similar arrangement, except for those businesses of the same general type as those in which the Borrower and its Restricted Subsidiaries are engaged in on the Closing Date or which are reasonably related thereto and any business related theretothereto (and non-core incidental businesses acquired in connection with any Permitted Acquisition or Permitted Investment).

Appears in 1 contract

Samples: Credit Agreement (Aimmune Therapeutics, Inc.)

Limitation on Lines of Business. The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, except for those businesses of the same general type as those in which the Borrower and its Restricted Subsidiaries are engaged in on the Closing Restatement Effective Date or which are reasonably related thereto and any business related thereto.

Appears in 1 contract

Samples: Credit Agreement (Envision Healthcare Corp)

Limitation on Lines of Business. The Such Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, except for those businesses of the same general type as those in which the such Borrower and its Restricted Subsidiaries are is engaged in on the Closing Date date of this Agreement or which are reasonably related thereto and any business related thereto.

Appears in 1 contract

Samples: Loan Agreement (Thermoenergy Corp)

Limitation on Lines of Business. The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, except for those any businesses or business activity of the same general type as those in which the Borrower and its Restricted Subsidiaries are engaged in on the Closing Date or which are reasonably related thereto and any similar, corollary, related, incidental or complementary business related or business activities or a reasonable extension, development or expansion thereof or ancillary thereto.

Appears in 1 contract

Samples: Incremental Term Loan Agreement (Floor & Decor Holdings, Inc.)

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