Common use of No New Business Clause in Contracts

No New Business. Engage in any activity other than (i) holding the Underlying Equity, and activities incidental thereto or otherwise contemplated herein, (ii) performing its obligations under the Loan Documents and the transactions contemplated hereby or thereby and (iii) entering into and performing its obligations under any transaction constituting a Permitted Transaction. Borrower will remain principally engaged in the business described in the Constituent Documents delivered to Administrative Agent prior to the Closing Date and shall not, directly or indirectly, engage in any business other than as described in such Constituent Documents.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Rentech Inc /Co/), Credit Agreement (Rentech Inc /Co/), Credit Agreement (Rentech Inc /Co/)

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No New Business. Engage in any activity other than (i) holding the Underlying Equity, and activities incidental thereto or otherwise contemplated herein, (ii) performing its obligations under the Loan Documents and the transactions contemplated hereby or thereby and (iii) entering into and performing its obligations under any transaction constituting a Permitted Transaction. Borrower will remain principally engaged in the business described in the Constituent Documents delivered to Administrative Agent prior to the Closing Second Restatement Date and shall not, directly or indirectly, engage in any business other than as described in such Constituent Documents.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Rentech, Inc.), Term Loan Credit Agreement (Blackstone Holdings I L.P.)

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No New Business. Engage in any activity other than (i) holding the Underlying Equity, and activities incidental thereto or otherwise contemplated herein, (ii) performing its obligations under the Loan Documents and the transactions contemplated hereby or thereby and (iii) entering into and performing its obligations under any transaction constituting a Permitted Transaction. Borrower will remain principally engaged in the business described in the Constituent Documents delivered to Administrative Agent prior to the Closing Restatement Effective Date and shall not, directly or indirectly, engage in any business other than as described in such Constituent Documents.

Appears in 2 contracts

Samples: Loan Agreement (Rentech, Inc.), Term Loan Credit Agreement (Rentech, Inc.)

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