Common use of Line of Business Clause in Contracts

Line of Business. The Company will not engage in any business if, as a result, the general nature of the business in which the Company and its Subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature of the business in which the Company and its Subsidiaries, taken as whole, is engaged on the date of this Agreement.

Appears in 18 contracts

Samples: Bond Purchase Agreement (Essential Utilities, Inc.), Bond Purchase Agreement (Essential Utilities, Inc.), Bond Purchase Agreement (Essential Utilities, Inc.)

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Line of Business. The Company will not engage in any business if, as a result, the general nature of the business in which the Company and its Subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature of the business in which the Company and its Subsidiaries, taken as whole, is engaged on the date of this Agreement.

Appears in 4 contracts

Samples: Note Purchase Agreement (SOUTH JERSEY GAS Co), Bond Purchase Agreement (South Jersey Industries Inc), Note Purchase Agreement (SOUTH JERSEY GAS Co)

Line of Business. The Company will not engage in any business if, as a result, the general nature of the business in which the Company and its Subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature of the business in which the Company and its Subsidiaries, taken as whole, is engaged on the date of this AgreementAgreement as described in the Memorandum.

Appears in 3 contracts

Samples: Bond Purchase Agreement, Bond Purchase Agreement, Bond Purchase Agreement (Empire District Electric Co)

Line of Business. The Company will not engage in any business if, as a result, the general nature of the business in which the Company and its Subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature of the business in which the Company and its Subsidiaries, taken as whole, is engaged on the date of this Agreement. Section 10.3.

Appears in 1 contract

Samples: Bond Purchase Agreement (Dayton Power & Light Co)

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Line of Business. The Company will not engage in any business if, as a result, the general nature of the business in which the Company and its Subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature of the business in which the Company and its Subsidiaries, taken as whole, is engaged on the date of this AgreementAgreement as described in the Disclosure Materials, other than (i) ancillary or support businesses; (ii) any business in or related to private credit or that other business development companies enter into or are engaged in; or (iii) otherwise in accordance with its Investment Policies.

Appears in 1 contract

Samples: Master Note Purchase Agreement (New Mountain Guardian III BDC, L.L.C.)

Line of Business. The Company will not engage in any business if, as a result, the general nature of the business in which the Company and its Subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature regulated utility business of the business in which the Company and its Subsidiaries, taken as whole, is engaged on the date of this Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Otter Tail Corp)

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