Common use of Change in Nature of Business Clause in Contracts

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 27 contracts

Samples: Credit Agreement (Hilton Worldwide Holdings Inc.), Credit Agreement (Hilton Worldwide Holdings Inc.), Credit Agreement (La Quinta Holdings Inc.)

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Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto (including related, complementary, synergistic or ancillary technologies) or reasonable extensions thereof.

Appears in 11 contracts

Samples: Credit Agreement (SeaWorld Entertainment, Inc.), Credit Agreement (SeaWorld Entertainment, Inc.), Credit Agreement (SeaWorld Entertainment, Inc.)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the its Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereofSimilar Business.

Appears in 6 contracts

Samples: Credit Agreement (CBS Corp), Credit Agreement (Entercom Communications Corp), Credit Agreement (CBS Corp)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower not permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Date or any business or any other activities reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 4 contracts

Samples: Credit Agreement (Mattress Firm Group Inc.), Abl Credit Agreement (Mattress Firm Group Inc.), Credit Agreement (Mattress Firm Group Inc.)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower not permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by Holdings, the Borrower and the Restricted Subsidiaries on the Closing Issue Date or any business reasonably related, complementary, synergistic related or ancillary thereto or reasonable extensions thereofthereto.

Appears in 4 contracts

Samples: Credit Agreement (Polymer Group Inc), Credit Agreement (Polymer Group Inc), Credit Agreement (Polymer Group Inc)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted its Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted its Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto (including related, complementary, synergistic or ancillary technologies) or reasonable extensions thereof.

Appears in 4 contracts

Samples: Credit Agreement (Summit Materials, Inc.), Credit Agreement (Summit Materials, Inc.), Credit Agreement (Summit Materials, LLC)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower permit any of the cause its Restricted Subsidiaries to, directly or indirectlyto not, engage in any material a line of business that is not substantially different from the same as those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereofSimilar Business.

Appears in 4 contracts

Samples: Credit Agreement (GoHealth, Inc.), Credit Agreement (GoHealth, Inc.), The Credit Agreement (GoHealth, Inc.)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower permit any of the cause its Restricted Subsidiaries to, directly or indirectlyto not, engage in any material a line of business that is not substantially different from the same as those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.Similar Business. SECTION 6.11

Appears in 3 contracts

Samples: Credit Agreement and Incremental Facility Agreement (GoHealth, Inc.), Credit Agreement and Incremental Facility Agreement (GoHealth, Inc.), Credit Agreement and Incremental Facility Agreement (GoHealth, Inc.)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the and its Restricted Subsidiaries to, directly or indirectly, will not engage in (a) any material line of business substantially materially different from those lines of business conducted by the Borrower and the its Restricted Subsidiaries on the Closing Effective Date or (b) any business reasonably that is not related, complementary, synergistic ancillary or ancillary thereto or reasonable extensions thereofincidental thereto.

Appears in 3 contracts

Samples: Intercreditor Agreement (Healthsouth Corp), Assignment and Assumption (Healthsouth Corp), Assignment and Assumption (Healthsouth Corp)

Change in Nature of Business. The Borrower Borrowers shall not, nor shall the Borrower Borrowers permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Lead Borrower and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 3 contracts

Samples: Credit Agreement (Bumble Inc.), Credit Agreement (Bumble Inc.), Credit Agreement (Bumble Inc.)

Change in Nature of Business. (i) The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Restatement Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 2 contracts

Samples: Credit Agreement (Summit Materials, LLC), Credit Agreement (Summit Materials, LLC)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower it permit any of the Restricted its Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted or as expressly contemplated (pursuant to disclosure in the Parent’s 2010 10-K filed with the SEC) by the Borrower and the Restricted its Subsidiaries on the Closing Date or any business reasonably relatedsubstantially related or incidental thereto, complementary, synergistic but in any event not to include the engagement in any proprietary trading or ancillary thereto or reasonable extensions thereofother non-agency trading activities other than as permitted per Section 7.11(d).

Appears in 2 contracts

Samples: Credit Agreement (FXCM Inc.), Credit Agreement (FXCM Inc.)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Amendment No. 5 Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 2 contracts

Samples: Credit Agreement (Summit Materials, LLC), Credit Agreement (Summit Materials, LLC)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower it permit any of the Restricted its Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from other than those lines of business conducted by the Borrower and its Subsidiaries described in the Restricted Subsidiaries on the Closing Date or any business Borrower’s 2019 Form 10-K and in businesses reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereofrelated thereto.

Appears in 2 contracts

Samples: Credit Agreement (American Financial Group Inc), Credit Agreement (American Financial Group Inc)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower Borrowers and the its respective Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 2 contracts

Samples: Credit Agreement (Apria, Inc.), Credit Agreement (Apria, Inc.)

Change in Nature of Business. The Borrower Borrowers shall not, nor and shall the Borrower not permit any of the their Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower Borrowers and the Restricted Subsidiaries on the Closing Date date hereof or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereofRelated Business.

Appears in 2 contracts

Samples: Credit Agreement (Sally Beauty Holdings, Inc.), Credit Agreement (Sally Beauty Holdings, Inc.)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 2 contracts

Samples: Security Agreement (Red Lion Hotels CORP), Credit Agreement (Red Lion Hotels CORP)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower not permit any of the Restricted its Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted its Subsidiaries on the Closing Date date hereof (including energy services) or any business reasonably related, complementary, synergistic substantially related or ancillary thereto or reasonable extensions thereofincidental thereto.

Appears in 2 contracts

Samples: Term Loan Agreement (Patterson Uti Energy Inc), Credit Agreement (Patterson Uti Energy Inc)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the its Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 2 contracts

Samples: Credit Agreement (DJO Finance LLC), Credit Agreement (DJO Finance LLC)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted its Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted its Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereofSimilar Business.

Appears in 1 contract

Samples: Credit Agreement (Audacy, Inc.)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower not permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Date date hereof or any business reasonably related, complementary, synergistic related or ancillary thereto or a reasonable extensions extension thereof.

Appears in 1 contract

Samples: Credit Agreement (Michaels Stores Inc)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower it permit any of the Restricted its Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from other than those lines of business conducted by the Borrower and its Subsidiaries described in the Restricted Subsidiaries on the Closing Date or any business Borrower’s 2007 Form 10−K and in businesses reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereofrelated thereto.

Appears in 1 contract

Samples: Credit Agreement (American Financial Group Inc)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower it permit any of the Restricted its Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from other than those lines of business conducted by the Borrower and its Subsidiaries described in the Restricted Subsidiaries on the Closing Date or any business Borrower’s 2009 Form 10-K and in businesses reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereofrelated thereto.

Appears in 1 contract

Samples: Note (American Financial Group Inc)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower not permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those 140 lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Restatement Effective Date or any business reasonably related, complementary, synergistic related or ancillary thereto or a reasonable extensions extension thereof.

Appears in 1 contract

Samples: Credit Agreement (Michaels Companies, Inc.)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing ClosingFirst Amendment Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality, Inc.)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower it permit any material group of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted its Subsidiaries on the Closing Date date hereof or any business reasonably related, complementaryincidental, synergistic ancillary or ancillary complementary thereto and any reasonable extension, development or reasonable extensions expansion thereof.. ​

Appears in 1 contract

Samples: Credit Agreement (O Reilly Automotive Inc)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower it permit any of the Restricted its Subsidiaries to, directly directly, knowingly or indirectly, engage in any material line of business or business activity substantially different from those lines of business or business activities conducted or contemplated by the Borrower and the Restricted its Subsidiaries (taken as a whole) on the Closing Date date hereof or any business reasonably related, complementary, synergistic substantially related or ancillary thereto incidental thereto; provided that the Borrower or reasonable extensions thereofany of its Subsidiaries may engage in any Similar Business.

Appears in 1 contract

Samples: Refundable Deposit Agreement (Wolfspeed, Inc.)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower not permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing RestatementFourth Amendment Effective Date or any business reasonably related, complementary, synergistic related or ancillary thereto or a reasonable extensions extension thereof.

Appears in 1 contract

Samples: Credit Agreement (Michaels Companies, Inc.)

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Change in Nature of Business. The Borrower Borrowers shall not, nor shall the Borrower Borrowers permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower Borrowers and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 1 contract

Samples: Credit Agreement (Gates Industrial Corp PLC)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower not permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Restatement Effective Date or any business reasonably related, complementary, synergistic related or ancillary thereto or a reasonable extensions extension thereof.

Appears in 1 contract

Samples: Credit Agreement (Michaels Stores Inc)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower it permit any of the Restricted its Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from other than those lines of business conducted by the Borrower and its Subsidiaries described in the Restricted Subsidiaries on the Closing Date or any business Borrower’s 2015 Form 10-K and in businesses reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereofrelated thereto.

Appears in 1 contract

Samples: Credit Agreement (American Financial Group Inc)

Change in Nature of Business. The Borrower Borrowers shall not, nor and shall the Borrower not permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower Borrowers and the Restricted Subsidiaries on the Closing Date date hereof or any business reasonably related, complementary, synergistic related or ancillary thereto or a reasonable extensions extension thereof.

Appears in 1 contract

Samples: Joinder Agreement (TMS International Corp.)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.. 155

Appears in 1 contract

Samples: Credit Agreement (Hilton Worldwide Holdings Inc.)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing ClosingFourth Amendment Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 1 contract

Samples: Credit Agreement (ESH Hospitality, Inc.)

Change in Nature of Business. The (n) Borrower shall not, nor and shall the Borrower not permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic incidental or ancillary thereto thereto, whether in connection with a Permitted Acquisition or reasonable extensions thereof.otherwise. Section 8.8

Appears in 1 contract

Samples: Credit Agreement (Agilon Health, Inc.)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the and its Restricted Subsidiaries to, directly or indirectly, will not engage in (a) any material line of business substantially materially different from those lines of business conducted by the Borrower and the its Restricted Subsidiaries on the Closing Amendment Effective Date or (b) any business reasonably that is not related, complementary, synergistic ancillary or ancillary thereto or reasonable extensions thereofincidental thereto.

Appears in 1 contract

Samples: Credit Agreement (Healthsouth Corp)

Change in Nature of Business. The (a) Borrower shall not, nor and shall the Borrower not permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic incidental or ancillary thereto thereto, whether in connection with a Permitted Acquisition or reasonable extensions thereofotherwise.

Appears in 1 contract

Samples: Credit Agreement (Agilon Health, Inc.)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower permit any of the cause its Restricted Subsidiaries to, directly or indirectlyto not, engage in any material a line of business that is not substantially different from the same as those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereofSimilar Business. Section 6.11.

Appears in 1 contract

Samples: Credit Agreement (GoHealth, Inc.)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.. ***

Appears in 1 contract

Samples: Credit Agreement (Alight Inc. / DE)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower it permit any of the Restricted its Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from other than those lines of business conducted by the Borrower and its Subsidiaries described in the Restricted Subsidiaries on the Closing Date or any business Borrower's 2003 Form 10-K and in businesses reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereofrelated thereto.

Appears in 1 contract

Samples: Credit Agreement (American Financial Group Inc)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Amendment No. 57 Effective Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 1 contract

Samples: Credit Agreement (Summit Materials, LLC)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by any the Borrower and the or Restricted Subsidiaries Subsidiary on the Closing Date or any business reasonably related, complementary, synergistic ancillary or ancillary thereto or reasonable extensions thereofincidental thereto.

Appears in 1 contract

Samples: Credit Agreement (Activision Blizzard, Inc.)

Change in Nature of Business. The Borrower BorrowerCompany shall not, nor shall the Borrower BorrowerCompany permit any of the Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower BorrowerCompany and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

Appears in 1 contract

Samples: Credit Agreement (Hilton Grand Vacations Inc.)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower not permit any of the Restricted its Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted its Subsidiaries on the Closing Date date hereof or any business reasonably related, complementary, synergistic related or ancillary incidental thereto or representing a reasonable extensions expansion thereof.

Appears in 1 contract

Samples: Credit Agreement (Palomar Holdings, Inc.)

Change in Nature of Business. The Borrower shall not, nor shall the Borrower it permit any of the Restricted its Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from other than those lines of business conducted by the Borrower and its Subsidiaries described in the Restricted Subsidiaries on the Closing Date or any business Borrower’s 2011 Form 10-K and in businesses reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereofrelated thereto.

Appears in 1 contract

Samples: Credit Agreement (American Financial Group Inc)

Change in Nature of Business. The Borrower shall not, nor and shall the Borrower not permit any of the its Restricted Subsidiaries to, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by Holdings, the Borrower and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary, synergistic related or ancillary thereto or reasonable extensions thereofthereto.

Appears in 1 contract

Samples: Credit Agreement (Polymer Group Inc)

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