Common use of Restrictions on Nature of Business Clause in Contracts

Restrictions on Nature of Business. Neither the Borrower nor any of its Subsidiaries will engage in any line of business materially different from that presently engaged in by such Person or purchase, lease or otherwise acquire assets not related to its business.

Appears in 3 contracts

Samples: And Security Agreement (Hc2 Holdings, Inc.), Security Agreement and Fixture Filing (HC2 Holdings, Inc.), Credit and Security Agreement (Schuff International Inc)

AutoNDA by SimpleDocs

Restrictions on Nature of Business. Neither the Borrower nor any of its Subsidiaries will engage in any line of business materially different from that presently engaged in by such Person or Borrower and will not purchase, lease or otherwise acquire assets not related to its business.

Appears in 2 contracts

Samples: Credit and Security Agreement (Larson Davis Inc), Credit and Security Agreement (Medical Dynamics Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!