Common use of Continuation of or Change in Business Clause in Contracts

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Business.

Appears in 6 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Term Loan Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

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Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businessthe development, manufacturing, sales and administration of safety products and related items, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year and businesses substantially related, incidental or ancillary thereto.

Appears in 6 contracts

Samples: Credit Agreement (MSA Safety Inc), Credit Agreement (MSA Safety Inc), Credit Agreement (MSA Safety Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businessits current business, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and such Loan Party or Subsidiary shall not permit any material change in such business.

Appears in 5 contracts

Samples: Credit Agreement (Armstrong Energy, Inc.), Security Agreement (Armstrong Resource Partners, L.P.), Credit Agreement (Armstrong Energy, Inc.)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businesssubstantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and such Loan Party or Subsidiary shall not permit any material change in such business.

Appears in 3 contracts

Samples: Credit Agreement (Pegasystems Inc), Credit Agreement (Rainbow Rentals Inc), Credit Agreement (Audio Communications Network Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businessthe design, development, marketing, sale and distribution of branded performance products and related businesses, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and such Loan Party or Subsidiary shall not permit any material change in such business.

Appears in 3 contracts

Samples: Intercompany Subordination Agreement (Under Armour, Inc.), Intercompany Subordination Agreement (Under Armour, Inc.), Intercompany Subordination Agreement (Under Armour, Inc.)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a the business of each Loan Party or Unregulated Subsidiary substantially as conducted and operated by such Loan Party or Unregulated Subsidiary during the present fiscal year, and any line of business or business activity related or complementary to the business of the Loan Parties conducted as of the Closing Date, including without limitation Permitted BusinessRelated Business Opportunities.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a the Permitted Business.

Appears in 2 contracts

Samples: Credit Agreement (Paylocity Holding Corp), Credit Agreement and Security Agreement (Paylocity Holding Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businesssuch businesses which are reasonably related to one or more lines of business conducted and operated by the Loan Parties and their Subsidiaries during the present fiscal year or are similar or incidental thereto.

Appears in 2 contracts

Samples: Credit Agreement (Healthcare Services Group Inc), Credit Agreement (Healthcare Services Group Inc)

Continuation of or Change in Business. Each of the The Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries Subsidiary to, engage in any business other than a Permitted Business.

Appears in 2 contracts

Samples: Credit Agreement (Interface Security Systems Holdings Inc), Credit Agreement (Interface Security Systems, L.L.C.)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businessthe business conducted by the Loan Parties as of the Closing Date, and such Loan Party or Subsidiary shall not permit any material change in such business.

Appears in 2 contracts

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

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Line of Business, and such Loan Party or Subsidiary shall not permit any material change in such business.

Appears in 1 contract

Samples: Credit Agreement (Phymatrix Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than the oilfield service industry or businesses reasonably related to a Permitted business in which the Loan Parties and such Subsidiaries are engaged at the time of determination, provided that the Qualified Domestic Captive Insurance Companies shall not engage in any business, except for the Insurance Business and any Foreign Subsidiary may engage in the Insurance Business.

Appears in 1 contract

Samples: Credit Agreement (Key Energy Services Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business businesses other than a Permitted Businessthe respective current businesses thereof and any similar, ancillary or related businesses.

Appears in 1 contract

Samples: Credit Agreement (Ferroglobe PLC)

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Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted their current lines of business (collectively, the "Business"), substantially as conducted and operated by the Loan Parties and their Subsidiaries during the present fiscal year, and the Loan Parties and their Subsidiaries shall not permit any material change in the Business.

Appears in 1 contract

Samples: Credit Agreement (Roundys Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businessthe business of the Loan Parties, as conducted and operated by such Loan Party or Subsidiary on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Novacare Employee Services Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businessthe business of each Loan Party or Unregulated Subsidiary substantially as conducted and operated by such Loan Party or Unregulated Subsidiary during the present fiscal year, and any line of business or business activity related or complementary to the business of the Loan Parties conducted as of the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, directly or indirectly, engage in any business business, other than a Permitted Businesssubstantially as conducted and operated by such entity during the present fiscal year.

Appears in 1 contract

Samples: Credit Agreement (Orius Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businessthe Line of Business substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and such Loan Party or Subsidiary shall not permit any material change in such business.

Appears in 1 contract

Samples: Credit Agreement (Rent Way Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businessthe business conducted by the Loan Parties as of the Closing Date or reasonably incidental thereto, and such Loan Party or Subsidiary shall not permit any material change in such business.

Appears in 1 contract

Samples: Credit Agreement (Tween Brands, Inc.)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businessthe sale, generation, transmission or storage of energy, the provision of energy related services, any other business conducted and operated by such Loan Party or Unregulated Subsidiary during the present fiscal year, and any line of business or business activity related, ancillary or complementary to any of the foregoing.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Businessthat which involves the design, manufacture, sale or distribution of medical devices and equipment or other businesses reasonably related thereto.

Appears in 1 contract

Samples: Credit Agreement (Respironics Inc)

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