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 Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such business.

Appears in 5 contracts

Samples: Credit Agreement (Mastech Digital, Inc.), Credit Agreement (Mastech Digital, Inc.), Credit Agreement (Mastech Digital, Inc.)

AutoNDA by SimpleDocs

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially same business as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, year and (ii) other lines of consulting services businesses reasonably related which are substantially the same or complementary thereto, substantially similar as one or more lines of business then conducted by the Loan Parties and such Loan Party or Subsidiary shall not permit any fundamental change in such businesstheir Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (KPMG Consulting Inc), Credit Agreement (KPMG Consulting Inc), Credit Agreement (KPMG Consulting Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, as substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, year and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business.

Appears in 3 contracts

Samples: Credit Agreement (Johnson Outdoors Inc), Credit Agreement (Johnson Outdoors Inc), Credit Agreement (Johnson Outdoors Inc)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 20162008, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such business.

Appears in 2 contracts

Samples: Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 20162010, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such business.

Appears in 1 contract

Samples: Credit Agreement (Calgon Carbon Corporation)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 20162012, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such business.

Appears in 1 contract

Samples: Credit Agreement (Calgon Carbon Corporation)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted that described in its Form 10-K filed with the Securities and operated by such Loan Party or Subsidiary during Exchange Commission for the fiscal year period ended December March 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto2008, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business.

Appears in 1 contract

Samples: Credit Agreement (Breeze-Eastern Corp)

AutoNDA by SimpleDocs

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 20162015, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto, and such Loan Party or Subsidiary shall not permit any fundamental change in such business.

Appears in 1 contract

Samples: Credit Agreement (CALGON CARBON Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any material line of business other than (i) those businesses conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal yearyear and any business or other activities that are reasonably similar, and (ii) businesses reasonably ancillary, incidental, complementary or related thereto or complementary thereto, and such Loan Party a reasonable extension or Subsidiary shall not permit any fundamental change in such business.expansion thereof. 70

Appears in 1 contract

Samples: Credit Agreement (Gentex Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses substantially as conducted and operated by such Loan Party or Subsidiary during the fiscal year 70 81 ended December July 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto1998, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business other than changes which enhance or complement such business.

Appears in 1 contract

Samples: Credit Agreement (Brady Corp)

Continuation of or Change in Business. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) those businesses substantially as conducted and operated by such Loan Party or Subsidiary during the fiscal year ended December July 31, 2016, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year, and (ii) businesses reasonably related or complementary thereto1998, and such Loan Party or Subsidiary shall not permit any fundamental material change in such business other than changes which enhance or complement such business.

Appears in 1 contract

Samples: Credit Agreement (Brady Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.