Change in the Nature of Business. The Borrower shall not engage directly or indirectly in any business activity that would cause less than 90% of the gross income of the Borrower to constitute “qualifying income” within the meaning of Section 7704(d) of the Code.
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Samples: Credit Agreement (Natural Resource Partners Lp), Term Loan Agreement (Natural Resource Partners Lp), Credit Agreement (Natural Resource Partners Lp)
Change in the Nature of Business. The Borrower shall not engage directly or indirectly in any business activity that would cause less than 90% of the gross income of the Borrower such Person for each taxable year to constitute “"qualifying income” " within the meaning of Section 7704(d) of the Code.
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Change in the Nature of Business. The Borrower shall not engage directly or indirectly in any business activity that would cause less than 90% of the gross income of the Borrower such Person to constitute “"qualifying income” " within the meaning of Section 7704(d) of the Code.
Appears in 1 contract
Change in the Nature of Business. The Borrower shall not engage directly or indirectly in any business activity that would cause less than 90% of the gross income of the Borrower such Person to constitute “qualifying income” within the meaning of Section 7704(d) of the Code.
Appears in 1 contract
