Ordinary Course of Conduct; No Other Business. The Borrower shall not: (a) engage in any business other than the acquisition, ownership, design, development, construction, financing, implementation, completion, operation and maintenance of the Project in accordance with and as contemplated by the Transaction Documents; (b) undertake any action that could reasonably be expected to lead to a material alteration of the nature of its business or the nature or scope of the Project; (c) change its name or take any other action that might adversely affect the Liens created by the Security Documents; or (d) fail to maintain its corporate existence and its right to carry on its business.
Appears in 4 contracts
Samples: Common Agreement (Beacon Power Corp), Common Agreement (Beacon Power Corp), Common Agreement (First Wind Holdings Inc.)
Ordinary Course of Conduct; No Other Business. The Borrower shall not: (a) engage in any business other than the acquisition, ownership, design, development, construction, financing, implementation, completion, operation and maintenance of the Project in accordance with and as contemplated by the Transaction Documents; (b) undertake any action that could reasonably be expected to lead to a material alteration of the nature of its business or the nature or scope of the Project; (c) change its name or take any other action that might adversely affect the Liens created by the Security Documents; or (d) fail to maintain its corporate limited liability company existence and its right to carry on its business.
Appears in 1 contract
Ordinary Course of Conduct; No Other Business. The Borrower shall not: not (ai) engage in any business other than the acquisition, ownership, design, development, construction, financing, implementation, completion, operation and maintenance of the Project in accordance with with, and as contemplated by by, the Transaction Documents; (bii) undertake any action that could reasonably be expected to lead to a material alteration of the nature of its business or the nature or scope of the Project; (ciii) change its name or take any other action that might adversely affect the Liens created by the Security Documents; or (div) fail to maintain its corporate existence and its right to carry on its business.
Appears in 1 contract
Samples: Loan Guarantee Agreement (EVgo Inc.)
Ordinary Course of Conduct; No Other Business. The Borrower shall not: (ai) engage in any business other than the acquisition, ownership, design, development, construction, financing, implementation, completion, operation and maintenance of the Project in accordance with and as contemplated by the Transaction Documents; , (bii) undertake any action that could reasonably be expected to lead to a material alteration of the nature of its business or the nature or scope of the Project; , (ciii) change its name or take any other action that might adversely affect the Liens created by the Security Documents; Documents or (div) fail to maintain its corporate existence and its right to carry on its business.
Appears in 1 contract