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Common use of New Business Clause in Contracts

New Business. Borrower shall not, and shall not permit any other Restricted Company to, directly or indirectly, permit or suffer to exist any material change (on a consolidated basis) in the type of businesses in which it is engaged from the businesses (on a consolidated basis) of the Companies as conducted on the Closing Date.

Appears in 5 contracts

Samples: Credit Agreement (Centex Corp), Credit Agreement (Centex Development Co Lp), Credit Agreement (Centex Development Co Lp)

New Business. Borrower shall not, and shall not permit any other Restricted Company to, directly or indirectly, permit or suffer to exist any material change (on a consolidated basis) in the type of businesses in which it is engaged from the businesses (on a consolidated basis) of the Companies as conducted on the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Red Lion Hotels CORP), Credit Agreement (Red Lion Hotels CORP)

New Business. Borrower shall not, and shall not permit any other Restricted Company to, directly or indirectly, permit or suffer to exist any material change (on a consolidated basis) in the type CREDIT AGREEMENT of businesses in which it is engaged from the businesses (on a consolidated basis) of the Companies as conducted on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Centex Corp)

New Business. Borrower shall not, and shall not permit any other Restricted Company to, directly or indirectly, permit or suffer to exist any material change (on a consolidated basis) in the type of businesses in which it is engaged from the businesses (on a consolidated basis) of the Companies Borrower as conducted on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Bank of America Corp /De/)