Common use of Restraint on Business Clause in Contracts

Restraint on Business. Any injunction, whether temporary or permanent, shall be rendered against any Loan Party or its Subsidiaries that prevents the Loan Parties or their Subsidiaries from operating or otherwise conducting business in the ordinary course for more than [***] consecutive calendar days.

Appears in 3 contracts

Samples: Credit Agreement (Ipass Inc), Credit Agreement (Ipass Inc), Credit Agreement (Ipass Inc)

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Restraint on Business. Any injunction, whether temporary or permanent, shall be rendered against any Loan Party or any of its material Subsidiaries that prevents the Loan Parties or their Holdings of any of its material Subsidiaries from operating or otherwise conducting a material portion of the business of Holdings and its Subsidiaries in the aggregate in the ordinary course for more than [***] thirty (30) consecutive calendar daysdays after a Loan Party obtains knowledge thereof.

Appears in 1 contract

Samples: Security Agreement (New Beginnings Acquisition Corp.)

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Restraint on Business. Any injunction, whether temporary or permanent, shall be rendered against any Loan Party or any of its material Subsidiaries that prevents the Loan Parties or their Borrower of any of its material Subsidiaries from operating or otherwise conducting a material portion of the business of the Borrower and its Subsidiaries in the aggregate in the ordinary course for more than [***] thirty (30) consecutive calendar daysdays after a Loan Party obtains knowledge thereof.

Appears in 1 contract

Samples: Credit Agreement (New Beginnings Acquisition Corp.)

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