Common use of Fundamental Changes, Line of Business Clause in Contracts

Fundamental Changes, Line of Business. Borrower shall not amend its organizational documents or change its Fiscal Year or enter into a new line of business materially different from Borrower’s current business.

Appears in 4 contracts

Samples: Loan and Security Agreement (Seven Arts Pictures PLC), Loan and Security Agreement (Seven Arts Pictures PLC), Loan and Security Agreement (Apac Customer Service Inc)

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Fundamental Changes, Line of Business. Borrower shall not amend its organizational documents or change its Fiscal Year or enter into a new line of business materially different from Borrower’s 's current business.

Appears in 4 contracts

Samples: Loan and Security Agreement (Tarpon Industries, Inc.), Loan and Security Agreement (Gibraltar Packaging Group Inc), Loan and Security Agreement (Cobra Electronics Corp)

Fundamental Changes, Line of Business. Borrower shall not not, nor shall it permit any of its Subsidiaries to, amend its organizational documents or change its Fiscal Year or enter into a new line of business materially different from Borrower’s its current business or make any changes to its current business.

Appears in 2 contracts

Samples: Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Apac Customer Service Inc)

Fundamental Changes, Line of Business. Neither Borrower shall not amend its organizational documents or change its Fiscal Year or enter into a new line of business materially different from such Borrower’s 's current business.

Appears in 1 contract

Samples: Loan and Security Agreement (Hartville Group Inc)

Fundamental Changes, Line of Business. Neither Borrower shall not amend its organizational documents or change its Fiscal Year or enter into a new line of business materially different from such Borrower’s current business.

Appears in 1 contract

Samples: Loan and Security Agreement (Hartville Group Inc)

Fundamental Changes, Line of Business. Borrower shall not amend its organizational documents or change its Fiscal Year or enter into a new line of business materially different from Borrower’s 's current business. In addition, Borrower shall not change its name or its jurisdiction of incorporation.

Appears in 1 contract

Samples: Loan and Security Agreement (Autocorp Equities Inc)

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Fundamental Changes, Line of Business. No Borrower shall not amend its organizational documents or change its Fiscal Year or enter into a new line of business materially different from such Borrower’s 's current business.

Appears in 1 contract

Samples: Loan and Security Agreement (Lucille Farms Inc)

Fundamental Changes, Line of Business. Borrower Neither of the Borrowers shall not amend its organizational documents or change its Fiscal Year or enter into a new line of business materially different from such Borrower’s current business.

Appears in 1 contract

Samples: Loan and Security Agreement (Wells Gardner Electronics Corp)

Fundamental Changes, Line of Business. No Borrower shall not amend its organizational documents or change its Fiscal Year other than Permitted Modifications or enter into a new line of business materially different from such Borrower’s current businessbusiness and/or reasonably related thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Amcon Distributing Co)

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