Common use of Change in Nature of Business Clause in Contracts

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 20 contracts

Samples: Common Stock Purchase Agreement (Phoenix Biotech Acquisition Corp.), Securities Purchase Agreement (GigCapital5, Inc.), Securities Purchase Agreement (EF Hutton Acquisition Corp I)

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Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Issuance Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 17 contracts

Samples: Securities Purchase Agreement (Net Element, Inc.), Note (Top Ships Inc.), Lm Funding America, Inc.

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 8 contracts

Samples: Subordinated Convertible Debenture (Remark Holdings, Inc.), Subordinated Convertible Debenture (Remark Holdings, Inc.), Remark Holdings, Inc.

Change in Nature of Business. The Company shall not, and nor shall the Company shall cause each permit any of its the Restricted Subsidiaries to notto, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its the Restricted Subsidiaries on the Subscription Closing Date or any business substantially related reasonably related, complementary, synergistic or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly ancillary thereto or indirectly, modify its or their corporate structure or purposereasonable extensions thereof.

Appears in 7 contracts

Samples: Credit Agreement (Hilton Grand Vacations Inc.), Credit Agreement (Hilton Grand Vacations Inc.), Credit Agreement (Hilton Grand Vacations Inc.)

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Issue Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 5 contracts

Samples: Second Note Amendment (Velo3D, Inc.), Note Amendment (Velo3D, Inc.), Securities Purchase Agreement (Velo3D, Inc.)

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Issuance Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purposepurpose in any material respect.

Appears in 4 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement (Pacific Ethanol, Inc.), Security Agreement (Pacific Ethanol, Inc.)

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Issuance Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 4 contracts

Samples: Form of Securities Purchase Agreement (Amyris, Inc.), Form of Securities Purchase Agreement (Amyris, Inc.), Subsidiary Guarantee (Baxano Surgical, Inc.)

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Issue Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Astra Space, Inc.), Omnibus Amendment (PARETEUM Corp), Security Agreement (Workhorse Group Inc.)

Change in Nature of Business. The Company shall not, and nor shall the Company shall cause each permit any of its the Subsidiaries to notto, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries Credit Parties on the Subscription Closing Date or any business substantially related reasonably related, complementary, synergistic or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly ancillary thereto or indirectly, modify its or their corporate structure or purposereasonable extensions thereof.

Appears in 2 contracts

Samples: Secured Debenture Purchase Agreement (iANTHUS CAPITAL HOLDINGS, INC.), Secured Debenture Purchase Agreement

Change in Nature of Business. The Company shall not, and nor shall the Company shall cause each permit any of its the Subsidiaries to notto, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries Credit Parties on the Subscription Restated Closing Date or any business substantially related reasonably related, complementary, synergistic or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly ancillary thereto or indirectly, modify its or their corporate structure or purposereasonable extensions thereof.

Appears in 2 contracts

Samples: Securities Purchase Agreement (4Front Ventures Corp.), Securities Purchase Agreement

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Issuance Date or any business - 11 - substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 1 contract

Samples: Lm Funding America, Inc.

Change in Nature of Business. The Company shall not, and nor shall the Company shall cause each permit any of its the Subsidiaries to notto, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries Credit Parties on the Subscription Closing Date or any business substantially related reasonably related, complementary, synergistic or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly ancillary thereto or indirectly, modify its or their corporate structure or purpose.reasonable extensions thereof

Appears in 1 contract

Samples: Note Regarding (Cannex Capital Holdings Inc.)

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription [Original] Issuance Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 1 contract

Samples: Form of Amendment Agreement (Amyris, Inc.)

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Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Original Issuance Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 1 contract

Samples: Form of Amendment Agreement (Amyris, Inc.)

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Exchange Agreement Effective Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aditxt, Inc.)

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, (A) engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Issue Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, or (B) directly or indirectly, modify its or their corporate structure or purpose.

Appears in 1 contract

Samples: Indenture (Workhorse Group Inc.)

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of and/or its Subsidiaries on the Subscription Initial Closing Date or any business substantially reasonably related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purposepurpose outside of the ordinary course of business.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tritium DCFC LTD)

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of and/or its Subsidiaries subsidiaries on the Subscription Date or any business substantially related or incidental theretodate hereof. The Company shall not, and the Company shall cause each of its Subsidiaries subsidiaries to not, directly or indirectly, modify its or their corporate structure or purposepurpose in any material respect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Roadzen Inc.)

Change in Nature of Business. The Company shall not, and the Company shall cause each of its Subsidiaries subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries subsidiaries on the Subscription Effective Date or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 1 contract

Samples: Line of Credit Agreement (Lucas Energy, Inc.)

Change in Nature of Business. The Company Corporation shall not, and the Company Corporation shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company Corporation and each of its Subsidiaries on the Subscription Original Issue Date or any business substantially related or incidental thereto. The Company Corporation shall not, and the Company Corporation shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 1 contract

Samples: Registration Rights Agreement (Phunware, Inc.)

Change in Nature of Business. The Company Corporation shall not, and the Company Corporation shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company Corporation and each of its Subsidiaries on as of the Subscription Date date hereof or any business substantially related or incidental thereto. The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.

Appears in 1 contract

Samples: Securities Purchase Agreement (Neovasc Inc)

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