Common use of Limitations on Conduct of Business Clause in Contracts

Limitations on Conduct of Business. Without limiting Section 5.01(a), the Borrower will not permit any Subsidiary (other than the Excluded Subsidiary) existing on the Closing Date (other than the Guarantor and the Excluded Subsidiary) to engage in any business or line of business or conduct any business activities materially different from the business, line of business or business activities conducted by such Subsidiary on the Closing Date.

Appears in 2 contracts

Samples: Facility Agreement (Janus Capital Group Inc), Credit Facility Agreement (Janus Capital Group Inc)

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Limitations on Conduct of Business. Without limiting Section 5.01(a), the Borrower will not permit any Subsidiary (other than the Excluded Subsidiary) existing on the Closing Date (other than the Guarantor JCM and the Excluded Subsidiary) to engage in any business or line of business or conduct any business activities materially different from the business, line of business or business activities conducted by such Subsidiary on the Closing Date.

Appears in 2 contracts

Samples: Credit Facility Agreement (Janus Capital Group Inc), Credit Facility Agreement (Janus Capital Group Inc)

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