Common use of Business Activities; Change of Legal Status and Organizational Documents Clause in Contracts

Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not and shall not permit any Subsidiary to (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structure, or (b) permit its charter, bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the Bank.

Appears in 7 contracts

Samples: Loan and Security Agreement (Rhapsody Acquisition Corp.), Loan and Security Agreement (Primoris Services CORP), Loan and Security Agreement (Primoris Services CORP)

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Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not not, and shall not permit any Subsidiary to to, (a) engage in any line of business other than materially different from the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structure, or (b) permit its charter, Operating Agreement or other organizational documents, or its Subsidiaries charter, operating agreements (including the Operating Company Operating Agreements), bylaws or other organizational documents documents, to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the Bankcause a Material Adverse Effect.

Appears in 2 contracts

Samples: Senior Loan, Security and Pledge Agreement (DJSP Enterprises, Inc.), Loan, Security and Pledge Agreement (DJSP Enterprises, Inc.)

Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not not, and shall not permit any of the Operating Subsidiaries or any other Subsidiary to to, (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structure, or (b) permit its charter, bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the Bank.

Appears in 2 contracts

Samples: Loan and Security Agreement (Atlas Financial Holdings, Inc.), Loan and Security Agreement (Atlas Financial Holdings, Inc.)

Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not not, and shall not permit any Subsidiary to to, (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structure, or (b) permit its charter, bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the Bank, except that the Borrower may amend its organizational documents as contemplated by the Merger Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Boyd Bros Transportation Inc)

Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not and shall not permit any Subsidiary to (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structure, or (b) permit its charter, bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the BankLender.

Appears in 1 contract

Samples: Loan and Security Agreement (Hill International, Inc.)

Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not and shall not permit any Subsidiary to (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structure, or (bc) permit its charter, bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the Bank.

Appears in 1 contract

Samples: Loan Agreement (Koss Corp)

Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not not, and shall not permit any Subsidiary to to, (a) engage in any line of business other than the businesses engaged in by it on the date hereof Closing Date and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has oneorganizational identification number, its type of organization, its jurisdiction of organization or other legal structure, or (bc) permit its charter, bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the BankLender.

Appears in 1 contract

Samples: Credit Agreement (Enova International, Inc.)

Business Activities; Change of Legal Status and Organizational Documents. The Each Borrower shall not and shall not permit any Subsidiary to (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structure, or (b) permit its charter, bylaws bylaws, operating agreement or other organizational documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the BankLender.

Appears in 1 contract

Samples: Loan and Security Agreement (Hill International, Inc.)

Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not and shall not permit any Subsidiary to (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structure, or (b) permit its charter, bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the BankLender.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Land Lease Inc)

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Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not and shall not permit any Subsidiary to (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structurestructure without providing at least thirty (30) days’ prior written notice to Lender, or (bc) permit its charter, bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the BankLender.

Appears in 1 contract

Samples: Loan and Security Agreement (Ari Network Services Inc /Wi)

Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not and shall not permit any Subsidiary to (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structurestructure without the prior written consent of the Bank, or (bc) permit any of its charter, bylaws or other organizational documents Organizational Documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the Bank.

Appears in 1 contract

Samples: Credit Agreement (Integrity Media Inc)

Business Activities; Change of Legal Status and Organizational Documents. The Borrower Borrowers shall not and shall not permit any Subsidiary to (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structure, or (b) permit its charter, bylaws or other organizational documents Organizational Documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Lifeway Foods Inc)

Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not and shall not permit any Subsidiary to (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structure, or (bc) permit its charter, bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Argyle Security, Inc.)

Business Activities; Change of Legal Status and Organizational Documents. The Borrower shall not not, and shall not permit any Subsidiary to (a) engage in any line of business other than the businesses engaged in on the date hereof and businesses reasonably ancillary, related or complimentary thereto, (b) change its name, its Organizational Identification Number, if it has one, its type of organization, its jurisdiction of organization or other legal structure, or (b) permit its charter, bylaws or other organizational documents to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Parlux Fragrances Inc)

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