Existing Lines of Business definition

Existing Lines of Business is defined in Section 5.23.

Existing Lines of Business means operations in the voice, video and data communications and information technology industry.

Existing Lines of Business means those lines of business carried on by the Company and its Subsidiaries on the date hereof.

Examples of Existing Lines of Business in a sentence

• Engage in any business other than Existing Lines of Business, nor purchase or invest, directly or indirectly, in any substantial amount of assets or property other than assets or property useful and to be used in Existing Lines of Business.

• The Company shall not, and shall not suffer or permit any Subsidiary to, engage in any material line of business substantially different from the Existing Lines of Business.

• Each Borrower will not, and will not permit any of its Subsidiaries to, engage in any business activity, except the Existing Lines of Business and business activities arising from Approved Acquisitions.

• Each Borrower will, and will cause each of its Subsidiaries to, maintain, preserve, protect and keep its properties in good repair, working order and condition, and make necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all times and will not discontinue any Existing Lines of Business.

• The Borrower will not, and will not permit any of its Subsidiaries to, engage in any business activity, except the Existing Lines of Business and business activities arising from Approved Acquisitions.

More Definitions of Existing Lines of Business

Existing Lines of Business means the following lines of business operated by the Revolving Borrower or any of its Subsidiaries primarily in the United States or Canada:

Existing Lines of Business means the lines of business of the Corporation and its Subsidiaries described in the 1995 Annual Information Form under “Item 3—Narrative Description of the Business” and any businesses directly related or ancillary thereto.

Existing Lines of Business has the meaning set forth in Section 6.20.

Existing Lines of Business is defined herein as offline media properties targeted to the young adult audience, including postcards, magazines, and digital theatres on college campuses; online web sites whose primary focus is young adult communities with an advertising and/or e-commerce revenue model, including any technologies that define connectivity in terms of peoples real life relationships with other people; and an Application Service Provider business focused on bringing community tools to new clients in furtherance of creating a web presence for such clients. The Company acknowledges that Consultant is in the business of starting new businesses, both as a principal and investor, and will be working on new business creation during the Term of this Consultancy with the Company, and unless such new business relates directly to the business planned, (only to the extent that Consultant is aware of such plans)or conducted by the Company, the Consultant shall have no obligation to present any new business ideas to the Company. The Company acknowledges and agrees that it shall have no interest whatsoever in any new business created by Consultant, or with any other business with which he may become involved in any capacity. Company further acknowledges that all intellectual property created by Consultant that does not compete with the Company's Existing Lines of Business and not covered by paragraph 7, is owned solely by Consultant.

Existing Lines of Business shall have the meaning given to such term in SECTION 8.8(a).

Existing Lines of Business means the business of providing data processing and information management, analytical and transactional services, or facilities management services for data processing to hospitals, government institutions, health care providers and other institutions and entities.

Existing Lines of Business means the businesses conducted by the Loan Parties on the Closing Date.