Common use of Nature and Scope of Business Clause in Contracts

Nature and Scope of Business. Enter into any type of business other than that in which it is presently engaged or otherwise significantly change the scope or nature of its business.

Appears in 5 contracts

Samples: Commercial Loan Agreement (Brandpartners Group Inc), Commercial Loan Agreement (Micronetics Inc), Commercial Loan Agreement (VeriChip CORP)

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Nature and Scope of Business. Enter into any type of business other than that in which it is presently engaged engaged, or otherwise significantly change the scope or nature of its business.

Appears in 3 contracts

Samples: Loan Agreement (Eastern Insurance Holdings, Inc.), Loan Agreement (Eastern Insurance Holdings, Inc.), Loan Agreement (Eastern Insurance Holdings, Inc.)

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Nature and Scope of Business. Enter into any type of business other than that those which are substantially similar or related to the type of business in which it BORROWER is presently engaged or otherwise significantly change in any material respect the scope or nature of its business.

Appears in 1 contract

Samples: Commercial Loan Agreement (Skillsoft Public Limited Co)

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