Common use of Restrictions on Nature of Business Clause in Contracts

Restrictions on Nature of Business. The Borrower will not, and will not permit any Subsidiary to, engage in any line of business materially different from that presently engaged in by the Borrower or such Subsidiary.

Appears in 6 contracts

Samples: Credit Agreement (Arctic Cat Inc), Credit Agreement (Allete Inc), Credit Agreement (Health Fitness Corp /Mn/)

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Restrictions on Nature of Business. The Borrower will not, and will not permit any Subsidiary to, engage in any line of business materially different from that presently engaged in by the Borrower or such Subsidiary.. ARTICLE VII

Appears in 1 contract

Samples: Credit Agreement (Arctic Cat Inc)

Restrictions on Nature of Business. The Borrower will not, and will not permit any Subsidiary to, engage in any line of business materially different from that presently engaged in by the Borrower or any such SubsidiarySubsidiary and will not, and will not permit any Subsidiary to, purchase, lease or otherwise acquire assets not related to its business.

Appears in 1 contract

Samples: Credit Agreement (Select Comfort Corp)

Restrictions on Nature of Business. The Borrower will not, and will not permit any Subsidiary to, engage in any line of business materially different from that presently engaged in by the Borrower or such Subsidiaryany Subsidiary and will not, and will not permit any Subsidiary to, purchase, lease or otherwise acquire assets not related to its business.

Appears in 1 contract

Samples: Credit Agreement (First Interstate Bancsystem Inc)

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Restrictions on Nature of Business. The Borrower will not, and nor will not it permit any Subsidiary to, engage in any line of business materially different from that presently engaged in by the Borrower or such Subsidiaryits Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Merrill Corp)

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