LIMITATIONS ON ACQUISITION OF NONRELATED BUSINESS. Borrower shall not, and shall not permit its Subsidiaries to, engage in any line of business, or acquire any new product lines or business, or acquire any companies unless such new product line or business acquired is primarily involved in, or substantially similar or related to, Borrower's current lines of business or extensions thereof.
Appears in 6 contracts
Samples: Agreement (Cover All Technologies Inc), Convertible Loan Agreement (Cover All Technologies Inc), Agreement (Digital Recorders Inc)
LIMITATIONS ON ACQUISITION OF NONRELATED BUSINESS. Borrower shall not, and shall not permit its Subsidiaries to, engage in any line of business, business or acquire any new product lines or business, business or acquire any companies unless such new product line or business of Borrower acquired is primarily involved in, or substantially similar or related to, Borrower's current lines of business or extensions thereofbusiness.
Appears in 3 contracts
Samples: Convertible Loan Agreement (Laserscope), Agreement (La Man Corporation), Convertible Loan Agreement (Simtek Corp)
LIMITATIONS ON ACQUISITION OF NONRELATED BUSINESS. Borrower shall not, and shall not permit its Subsidiaries to, engage in any line of business, or acquire any new product lines or business, or acquire any companies unless such new product line or business acquired is primarily involved in, or substantially similar or related to, Borrower's current lines of business or extensions thereof.
Appears in 2 contracts
Samples: Convertible Loan Agreement (Caminosoft Corp), Convertible Loan Agreement (Caminosoft Corp)
LIMITATIONS ON ACQUISITION OF NONRELATED BUSINESS. Borrower shall not, and shall not permit its Subsidiaries to, engage in any line of business, business or acquire any new product lines or business, business or acquire any companies unless such new product line or business of the company acquired is primarily involved in, or substantially similar or related to, Borrower's current lines of business or extensions thereofbusiness.
Appears in 1 contract
LIMITATIONS ON ACQUISITION OF NONRELATED BUSINESS. Borrower shall not, and shall not permit its Subsidiaries to, engage in any line of business, business or acquire any new product lines or business, business or acquire any companies unless such new product line or business of the company acquired is primarily involved in, or substantially similar or related to, the Borrower's current lines of business or extensions thereofbusiness.
Appears in 1 contract
Samples: Convertible Loan Agreement (Play by Play Toys & Novelties Inc)
