Pledge of Credit. Each Specified Loan Party will not, and will not permit any of its Subsidiaries to, now or hereafter pledge Agent’s or any Lender’s credit on any purchases, commitments or contracts or for any purpose whatsoever or use any portion of any Advance in or for any business other than such Specified Loan Party’s business operations as conducted on the Closing Date.
Appears in 2 contracts
Samples: Security Agreement (PHI Group, Inc./De), Security Agreement (PHI Group, Inc./De)
Pledge of Credit. Each Specified No Loan Party will notshall, and will not nor shall it permit any of its Subsidiaries to, now or hereafter pledge Agent’s or any Lender’s credit on any purchases, commitments or contracts purchases or for any purpose whatsoever or or, except as contemplated hereby, use any portion of any Advance in or for any business other than such Specified Loan Party’s business operations the Business as conducted on the Closing Datedate of this Agreement.
Appears in 2 contracts
Samples: Security Agreement (Stream Global Services, Inc.), Security Agreement (Stream Global Services, Inc.)
Pledge of Credit. Each Specified Loan No Credit Party will not, and will not permit any of its Subsidiaries to, shall now or hereafter pledge the Agent’s 's or any Lender’s 's credit on any purchases, commitments or contracts purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than such Specified Loan Credit Party’s 's business operations as conducted on the Closing Datedate of this Agreement, or a similar or related business.
Appears in 1 contract
Samples: Security Agreement (Evergreen International Aviation Inc)
