Common use of Character of Business Clause in Contracts

Character of Business. Borrower agrees that it will not change the general character of business as conducted at the date hereof, or engage in any type of business not reasonably related to its business as presently conducted.

Appears in 3 contracts

Samples: Loan Agreement (Tor Minerals International Inc), Ratification Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc)

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Character of Business. The Borrower agrees that it will not change the general character of business as conducted at the date hereof, or engage in any type of business not reasonably related to its business as presently conducted.

Appears in 2 contracts

Samples: Loan and Security Agreement (Xybernaut Corp), Loan and Security Agreement (Celsion Corp)

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