Common use of Nature of Business; Management Clause in Contracts

Nature of Business; Management. The Borrower will not, and will not permit any Subsidiary to: (a) change its principal line of business; or (b) enter into any business not within the scope of Section 7.15 and the definition of Qualifying Assets; or (c) permit any material overall change in the management of the Borrower.

Appears in 5 contracts

Samples: Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)

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Nature of Business; Management. The Borrower will not, and will not permit any Subsidiary to: (a) change its principal line of business; or (b) enter into any business not within the scope of Section 7.15 6.15 and the definition of Qualifying Assets; or (c) permit any material overall change in the management of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Southern Union Co), Term Loan Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)

Nature of Business; Management. The Borrower will ------------------------------ not, and will not permit any Subsidiary to: (a) change its principal line of business; or (b) enter into any business not within the scope of Section 7.15 10.1(c)(ii) and the definition of Qualifying Assets; or (c) permit any material overall change in the management of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Southern Union Co)

Nature of Business; Management. The Borrower will ------------------------------ not, and will not permit any Subsidiary to: (a) change its principal line of business; or (b) enter into any business not within the scope of Section 7.15 9.1(c)(ii) and the definition of Qualifying Assets; or (c) permit any material overall change in the management of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Southern Union Co)

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Nature of Business; Management. The Borrower Borrowers will not, and will not permit any Subsidiary of their respective Subsidiaries to: (a) change its principal line of business; or (b) enter into any business not within the scope of Section 7.15 and the definition of Qualifying Assets; or (c) permit any material overall change in the management of the BorrowerParent.

Appears in 1 contract

Samples: Pledge Agreement (Southern Union Co)

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