Common use of Business Conducted Clause in Contracts

Business Conducted. No Borrower or any of its Subsidiaries shall engage, directly or indirectly, in any line of business other than the businesses in which such Borrower and its Subsidiaries are engaged on the Closing Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (Outlook Group Corp), Loan and Security Agreement (Outlook Group Corp), Loan and Security Agreement (Outlook Group Corp)

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Business Conducted. No Borrower or shall, and no Borrower shall permit any of its Subsidiaries shall engageto, engage directly or indirectly, in any line of business other than the businesses in which such Borrower and its Subsidiaries are is engaged on the Closing DatePetition Date or businesses reasonably related thereto.

Appears in 1 contract

Samples: Security Agreement (Cone Mills Corp)

Business Conducted. No Borrower or shall, and no Borrower shall permit any of its Subsidiaries shall engageto, engage directly or indirectly, in any line of business other than the businesses in which such the Borrower and its Subsidiaries are is engaged on the Closing DatePetition Date or businesses reasonably related thereto.

Appears in 1 contract

Samples: Credit Agreement (Westpoint Stevens Inc)

Business Conducted. No Borrower or shall, nor shall it permit any of its Subsidiaries shall engageto, engage directly or indirectly, in any line of business other than the businesses in which such Borrower the Borrowers and its their Subsidiaries are engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Cerprobe Corp)

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Business Conducted. No Borrower None of the Borrowers or any of its and their ------------------ Subsidiaries shall engage, directly or indirectly, in any line of business other than the businesses in which such Borrower and its and their Subsidiaries are engaged in on the Closing DateDate and businesses reasonably related or ancillary thereto.

Appears in 1 contract

Samples: Loan Agreement (Grand Toys International Inc)

Business Conducted. No Borrower or shall and no Borrower shall permit any of its Subsidiaries shall engageto, engage directly or indirectly, in any line of business other than the businesses in which such Borrower and its Subsidiaries are is engaged on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Maxxam Inc)

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