Common use of Permitted Business Clause in Contracts

Permitted Business. The Company shall not, and shall not permit any Subsidiary to, engage in any business other than a Permitted Business, except to such extent as would not be material to the Company and its Subsidiaries taken as a whole.

Appears in 2 contracts

Samples: Note Exchange Agreement (Kingstone Companies, Inc.), Note and Warrant Exchange Agreement (Kingstone Companies, Inc.)

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Permitted Business. The Company shall not, and shall not permit any procure that no Subsidiary toshall, engage in any business other than a Permitted Business, except to such extent as would not be material to the Company and its Subsidiaries taken as a whole.

Appears in 2 contracts

Samples: Note Purchase Agreement (Youbet Com Inc), Note Purchase Agreement (Youbet Com Inc)

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Permitted Business. The Company shall not, and shall not permit any Restricted Subsidiary to, engage in any business other than a Permitted Business, except to such the extent as would it is not be material to the Company and its Subsidiaries Restricted Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Indenture (Buffets Holdings, Inc.)

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