Restrictions on Nature of Business. Borrower shall not, and shall not permit any Subsidiary to, engage in any line of business materially different from that presently engaged in by Borrower or such Loan Party or to purchase, lease or otherwise acquire assets not related to its business.
Appears in 1 contract
Restrictions on Nature of Business. No Borrower shall notwill, and shall not or will permit any Subsidiary to, engage in any line of business materially different from that in which it is presently engaged in by Borrower or such Loan Party or to and will not purchase, lease or otherwise acquire assets not related to its business.
Appears in 1 contract
Samples: Credit and Security Agreement (Sportsmans Guide Inc)
Restrictions on Nature of Business. The Borrower shall will not, and shall will not permit any Subsidiary to, engage in any line of business materially different from that presently engaged in by the Borrower or such Loan Party or to 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 and Security Agreement (Delphax Technologies Inc)
Restrictions on Nature of Business. No Borrower shall notshall, and shall not or permit any Subsidiary to, engage in any line of business materially different from that presently engaged in by such Borrower and its Subsidiaries or such Loan Party or to substantially related thereto and as reflected in the Business Plan, and will not purchase, lease or otherwise acquire assets not related to its their business.
Appears in 1 contract
Samples: Credit and Security Agreement (Frederick's of Hollywood Group Inc /Ny/)
Restrictions on Nature of Business. The Borrower shall notwill not engage, and shall will not permit any Subsidiary toto engage, engage in any line of business materially different from that presently engaged in by the Borrower or such Loan Party or to Subsidiary and will not purchase, lease or otherwise acquire assets not related to its business.
Appears in 1 contract
Samples: Credit and Security Agreement (Health Fitness Physical Therapy Inc)
Restrictions on Nature of Business. No Borrower shall notwill, and shall not or will permit any Subsidiary other Company to, engage in any line of business materially different from that presently engaged in by that Company and no Borrower will, or such Loan Party or to will permit any other Company to, purchase, lease or otherwise acquire assets not related to its business.
Appears in 1 contract
Samples: Credit and Security Agreement (Eagle Geophysical Inc)
