Common use of Business Conducted Clause in Contracts

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business in which the Borrower and its Subsidiaries are engaged on the Closing Date.

Appears in 4 contracts

Samples: Term Loan Agreement (Spansion Inc.), Term Loan and Security Agreement (Advanced Micro Devices Inc), Term Loan Agreement (Advanced Micro Devices Inc)

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Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business businesses which are not the same, similar, ancillary, complimentary, incidental or reasonably related to, or reasonable extensions, developments or expansions of, the businesses in which the Borrower and its Subsidiaries are is engaged on the Closing Date.

Appears in 4 contracts

Samples: Credit Agreement (Omnova Solutions Inc), Credit Agreement (Omnova Solutions Inc), Credit Agreement (Omnova Solutions Inc)

Business Conducted. The Borrower and its Subsidiaries shall not and shall not permit any of its Subsidiaries toengage, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are engaged on the Closing Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (Globespan Semiconductor Inc), Loan and Security Agreement (Intellicell Corp), Loan and Security Agreement (Matria Healthcare Inc)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are or such Subsidiary is engaged on the Closing DateDate and related lines of business.

Appears in 3 contracts

Samples: Loan and Security Agreement (LDM Technologies Inc), Loan and Security Agreement (LDM Technologies Co), Term Loan and Security Agreement (LDM Technologies Inc)

Business Conducted. The Borrower Borrowers shall not and shall not permit any of its their Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries Borrowers are engaged on the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Miller Industries Inc /Tn/), Credit Agreement (Spacelabs Medical Inc)

Business Conducted. The Borrower shall not and shall not permit any ------------------ of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those other than the current businesses and ancillary lines of business in which the Borrower ABT and its Subsidiaries Subsidiaries, taken as a whole, are engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Agribiotech Inc)

Business Conducted. The Each Borrower and its Subsidiaries shall not and shall not permit any of its Subsidiaries toengage, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the such Borrower and its Subsidiaries are engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (General Credit Corp)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are is engaged on the Closing DateDate or any business reasonably related, ancillary or incidental to such business.

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Distribution Inc)

Business Conducted. The Borrower Borrowers shall not and shall not permit any of its their respective Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries Borrowers are engaged on the Closing DateDate and the same and similar fields and businesses and reasonable extensions thereof.

Appears in 1 contract

Samples: Credit Agreement (Unifrax Investment Corp)

Business Conducted. The Neither such Borrower shall not and nor shall not it permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the such Borrower and its Subsidiaries are is engaged on the Closing DateDate and related businesses.

Appears in 1 contract

Samples: Credit Agreement (Manufacturers Services LTD)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are is engaged on the Closing DateDate and other businesses reasonably related thereto.

Appears in 1 contract

Samples: Credit Agreement (MWI Veterinary Supply, Inc.)

Business Conducted. The Such Borrower and its Subsidiaries shall not and shall not permit any of its Subsidiaries to------------------ engage, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the such Borrower and its Subsidiaries are is engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Emons Transportation Group Inc)

Business Conducted. The Borrower shall not not, and shall not permit any of its Subsidiaries to, engage engage, directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries they are engaged on the Closing Datedate hereof.

Appears in 1 contract

Samples: Loan Agreement (Edison Brothers Stores Inc)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are or such Subsidiary is engaged on the Closing DateDate and related lines of busineSection.

Appears in 1 contract

Samples: Loan and Security Agreement (LDM Technologies Inc)

Business Conducted. The Borrower and its Subsidiaries shall not and shall not permit any of its Subsidiaries toengage, engage directly or indirectly, in any material line of business substantially different from those lines of business not related to the businesses in which the Borrower and its Subsidiaries are engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Compression Labs Inc)

Business Conducted. The Borrower and its Subsidiaries shall not and shall not permit any of its Subsidiaries toengage, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are engaged on the Closing DateDate and retail and catalog businesses reasonably related thereto.

Appears in 1 contract

Samples: Security Agreement (Strouds Inc)

Business Conducted. The Borrower shall not not, and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and or its Subsidiaries are is engaged on the Closing DateDate and businesses reasonably related thereto.

Appears in 1 contract

Samples: Credit Agreement (Gfsi Inc)

Business Conducted. The Such Borrower shall not not, and shall not suffer or permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the such Borrower and its Subsidiaries are or Subsidiary is engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Acme Metals Inc /De/)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business that is substantially different from those lines of business than the businesses in which the Borrower and its Subsidiaries are is engaged on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Central Freight Lines Inc)

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Business Conducted. The Borrower shall not and shall ----------------------- not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business in which the Borrower and its Subsidiaries are engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Micro Devices Inc)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Revlon Consumer Products Corp)

Business Conducted. The Borrower shall not and not, nor shall not it cause or permit any of its the Restricted Subsidiaries to, engage engage, directly or indirectly, in any material line of business substantially different from those the business conducted by it immediately prior to the Effective Date, or engage in business or lines of business in which the Borrower are not reasonably and its Subsidiaries are engaged on the Closing Datesubstantially related thereto.

Appears in 1 contract

Samples: Loan Agreement (CSS Industries Inc)

Business Conducted. The No Borrower shall, nor shall not and shall not it permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business other than the same or substantially different from those lines of business similar businesses in which the such Borrower and its Subsidiaries are is engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Worldtex Inc)

Business Conducted. The Borrower and its Subsidiaries shall not and shall not permit any of its Subsidiaries toengage, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are engaged on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Country Star Restaurants Inc)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are is engaged on the Closing Date or which are contemplated by the business plans submitted by the Borrower to Lender prior to the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Meade Instruments Corp)

Business Conducted. The Such Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the such Borrower and its Subsidiaries are is engaged on the Closing DateDate or any business reasonably related, ancillary or incidental to such business.

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Distribution Inc)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are is engaged on the Closing DateDate and businesses incidental or directly related thereto.

Appears in 1 contract

Samples: Credit Agreement (Spherion Corp)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are engaged on the Closing DateDate and businesses directly related thereto.

Appears in 1 contract

Samples: Credit Agreement (Anchor Holdings Inc)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are engaged on the Closing DateDate and businesses related thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Merisel Inc /De/)

Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business other than the businesses in which the Borrower and its Subsidiaries are is engaged on the Closing DateDate and businesses ancillary or reasonably related thereto.

Appears in 1 contract

Samples: Credit Agreement (Leapfrog Enterprises Inc)

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