Business Conducted Sample Clauses
The 'Business Conducted' clause defines the scope and nature of the activities that a party is permitted or required to carry out under the agreement. Typically, it outlines the specific business operations, services, or transactions that are covered, and may set boundaries on what is considered acceptable conduct within the context of the contract. For example, it might specify that a distributor can only sell certain products in designated territories or that a service provider must adhere to industry standards. This clause ensures that both parties have a clear understanding of their roles and responsibilities, reducing the risk of disputes over unauthorized or inappropriate business activities.
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Business Conducted. The Borrower shall not and shall not permit any of its Subsidiaries to, engage directly or indirectly, in any material line of business substantially different from those lines of business in which the Borrower and its Subsidiaries are engaged on the Closing Date.
Business Conducted. Borrower shall continue in the business currently conducted by it using its best efforts to maintain its customers and goodwill. Borrower shall not engage, directly or indirectly, in any line of business substantially different from the business conducted by it immediately before the Closing Date, or engage in business or lines of business which are not reasonably related thereto.
Business Conducted. The Borrower shall not engage directly or indirectly, in any line of business other than the businesses in which the Borrower is engaged on the Closing Date.
Business Conducted. Holdings and its Restricted Subsidiaries (taken as a whole) shall not engage at any time in any line of business other than the lines of business of the same general type currently conducted by it and any businesses incidental to, reasonably related or ancillary thereto, and the lines of business of the general type described on Schedule 8.15 attached hereto and any businesses incidental to, reasonably related or ancillary thereto.
Business Conducted. 85 9.16 Liens................................................................. 86 9.17 Sale and Leaseback Transactions....................................... 86 9.18
Business Conducted. The Borrowers shall not and shall not permit any of their Subsidiaries to, engage directly or indirectly, in any line of business other than the businesses in which the Borrowers are engaged on the Closing Date.
Business Conducted. 96 9.19 Liens..........................................................96 9.20
Business Conducted. Each Borrower shall continue in the business presently operated by it using its best efforts to maintain its customers and goodwill. Based upon representations made by Borrower to Lender to induce Lender to establish the Revolving Credit for Borrower, no Borrower shall engage, directly or indirectly, in any line of business substantially different from the business conducted by it immediately prior to the Closing Date, or engage in business or lines of business which are not reasonably related thereto.
Business Conducted. No Borrower shall or shall permit any of its Subsidiaries to engage, directly or indirectly, in any line of business other than the businesses in which such Person is engaged on the Closing Date or which are reasonably related thereto, including without limitation the design, marketing and distribution of any products covered by the International Housewares Association.
Business Conducted. The Loan Parties shall not and shall not permit any of their Subsidiaries to, engage directly or indirectly, in any line of business other than the Core Business or those businesses that reasonably and rationally develop from such Core Business from time to time.