Common use of Business Conducted Clause in Contracts

Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customers. No Borrower shall engage, directly or indirectly, in any line of business substantially different from the businesses conducted by it immediately prior to the Closing Date.

Appears in 4 contracts

Samples: Credit Agreement (Adcare Health Systems, Inc), Credit Agreement (Prospect Medical Holdings Inc), Credit Agreement (Clarient, Inc)

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Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customers. No Borrower shall engage, directly or indirectly, in any material respect in any line of business substantially different from the businesses conducted by it immediately prior to the Closing Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (Healthessentials Solutions Inc), Loan and Security Agreement (New York Health Care Inc), Loan and Security Agreement (Orion Healthcorp Inc)

Business Conducted. Each (a) The Borrower shall continue in the business presently operated by it using its best commercially reasonable efforts to maintain its customerscustomers and goodwill. No The Borrower shall not engage, directly or indirectly, in any material respect in any line of business substantially different from the businesses business conducted by it the Borrower immediately prior to the Closing Date, unless such line of business is reasonably related to such business so conducted prior to the Closing Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (RCM Technologies Inc), Loan and Security Agreement (RCM Technologies Inc)

Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customerscustomers and goodwill. No Borrower shall engage, directly or indirectly, in any material respect in any line of business substantially different from the businesses conducted by it such Borrower immediately prior to the Closing Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amerinac Holding Corp.), Loan and Security Agreement (Amerinac Holding Corp.)

Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customerscustomers and goodwill. No Borrower shall not engage, directly or indirectly, in any material respect in any line of business substantially materially different from the businesses conducted by it Borrower immediately prior to the Closing Date.. 6.3

Appears in 2 contracts

Samples: Loan and Security Agreement (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services Corp.)

Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customerscustomers and goodwill. No Neither Borrower nor any of its Subsidiaries shall engage, directly or indirectly, in any material respect in any line of business substantially different from the businesses conducted by it Borrower immediately prior to the Closing Date.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (RTI Biologics, Inc.)

Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customerscustomers and goodwill. No Based upon representations made by Borrower to Lender to induce Lender to establish the Revolving Credit for Borrower, no Borrower shall engage, directly or indirectly, in any line of business substantially different from the businesses business conducted by it immediately prior to the Closing Date, or engage in business or lines of business which are not reasonably related thereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (Response Usa Inc), Loan and Security Agreement (Response Usa Inc)

Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customers. No Borrower shall not engage, directly or indirectly, in any line of business substantially different from the businesses conducted by it immediately prior to the Closing DateDate without obtaining the prior written consent of Lender.

Appears in 1 contract

Samples: Credit Agreement (Assisted 4 Living, Inc.)

Business Conducted. Each Borrower shall continue in the business presently operated by it and any businesses reasonably incidental or complimentary thereto using its best commercially reasonable efforts to maintain its customerscustomers and goodwill. No Borrower shall not engage, directly or indirectly, in any material respect in any line of business substantially different from the businesses conducted by it Borrower immediately prior to the Closing Date.

Appears in 1 contract

Samples: Loan Agreement (Lightpath Technologies Inc)

Business Conducted. Each (a) Borrower shall continue in the business presently operated by it using its best commercially reasonable efforts to maintain its customerscustomers and goodwill. No Borrower shall not engage, directly or indirectly, in any material respect in any line of business substantially different from the businesses business conducted by it the Borrower immediately prior to the Closing Date, unless such line of business is reasonably related to such business so conducted prior to the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customerscustomers and goodwill. No Borrower shall engage, directly or indirectly, in any material respect in any line of business substantially different from the businesses conducted by it the Borrowers (or any of the Merged Entities) immediately prior to the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Phoenix Color Corp)

Business Conducted. Each Borrower shall continue in the business ------------------ presently operated by it using its best efforts to maintain its customerscustomers and goodwill. No Borrower shall engage, directly or indirectly, in any material respect in any line of business substantially different from the businesses conducted by it such Borrower immediately prior to the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Opinion Research Corp)

Business Conducted. Each Borrower shall continue in the business presently operated by it using its commercially reasonable best efforts to maintain its customerscustomers and goodwill. No Borrower shall engage, directly or indirectly, in any material respect in any line of business substantially different from the businesses conducted by it such Borrower immediately prior to the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Opinion Research Corp)

Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customerscustomers and goodwill. No Borrower shall engage, directly or indirectly, in any material respect in any line of business substantially different from the businesses conducted by it the Borrowers immediately prior to the Closing Date. For the purposes of Section 5.3, the printing and binding of books shall be deemed substantially similar to the business of Borrowers on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Phoenix Md Realty LLC)

Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customerscustomers and goodwill. No Borrower shall not engage, directly or indirectly, in any material respect in any line of business substantially materially different from the businesses conducted by it Borrowers immediately prior to the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Inc)

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