Common use of Suspension of Business Clause in Contracts

Suspension of Business. The Borrower, any Guarantor or any of their respective Subsidiaries shall voluntarily suspend the transaction of its business for more than five (5) Business Days in any Fiscal Year after the date hereof without the prior express written consent of Requisite Lenders.

Appears in 6 contracts

Samples: Credit Agreement (Nn Inc), Credit Agreement (America Service Group Inc /De), Credit Agreement (America Service Group Inc /De)

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Suspension of Business. The Borrower, Borrower or any Guarantor or any of their respective Subsidiaries shall voluntarily suspend the transaction of its business for more than five (5) Business Days days in any Fiscal Year after the date hereof without the prior express written consent of Requisite Lenders.calendar year; or

Appears in 2 contracts

Samples: Credit Agreement (American Vanguard Corp), Credit Agreement (American Vanguard Corp)

Suspension of Business. The Borrower, any Guarantor other Credit Party or any of their respective the Borrower's other Subsidiaries shall voluntarily suspend the transaction of its business for more than five (5) Business Days in any Fiscal Year after the date hereof without the prior express written consent of Requisite Lenders.

Appears in 1 contract

Samples: Credit Agreement (I Trax Inc)

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Suspension of Business. The Borrower, any Guarantor other Credit Party or any of their respective the Borrower's other Subsidiaries shall voluntarily suspend the transaction of its business for more than five (5) Business Days in any Fiscal Year after the date hereof without the prior express written consent of Requisite Lenders, unless such suspension would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Symbion Inc/Tn)

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