Common use of Nature of Business Clause in Contracts

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 60 contracts

Samples: Security Agreement (Quality Gold Holdings, Inc.), Credit and Security Agreement (Invacare Corp), Security Agreement (ARKO Corp.)

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Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 46 contracts

Samples: Installment Sale Agreement (KonaTel, Inc.), Installment Sale Agreement (SurgePays, Inc.), Security Agreement (General Finance CORP)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted; provided, that the foregoing shall not prevent Borrowers and their Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business or is a reasonable extension of its or their business.

Appears in 11 contracts

Samples: Term Loan Credit and Security Agreement (Quantum Corp /De/), Credit and Security Agreement (Quantum Corp /De/), Term Loan Credit and Security Agreement (Quantum Corp /De/)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby herein purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 10 contracts

Samples: Revolving Credit and Security Agreement (E Com Ventures Inc), Security Agreement (E Com Ventures Inc), Security Agreement (Dreamlife Inc)

Nature of Business. Substantially change the nature of the business in which it is presently currently engaged, nor nor, except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business business, as presently conducted.

Appears in 5 contracts

Samples: Credit and Security Agreement (Ramaco Resources, Inc.), Credit and Security Agreement (Ramaco Resources, Inc.), Credit and Security Agreement (CVSL Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged as set forth in Section 5.22 hereof, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 4 contracts

Samples: Loan and Security Agreement (Bucyrus International Inc), Loan and Security Agreement (Bucyrus International Inc), Loan and Security Agreement (Bucyrus International Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged or any business reasonably related or ancillary thereto so long as any such business is a service and not manufacturing type business, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 4 contracts

Samples: Revolving Credit and Security Agreement (Williams Industrial Services Group Inc.), Security Agreement (Williams Industrial Services Group Inc.), Security Agreement (Williams Industrial Services Group Inc.)

Nature of Business. Substantially change the nature of the business in which it is they are presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 4 contracts

Samples: Security Agreement (Dreams Inc), Security Agreement (Intcomex, Inc.), Security Agreement (Phosphate Holdings, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engagedwill be engaged in after the completion of the Transactions, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted after completion of the Transactions.

Appears in 4 contracts

Samples: Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (Perma Fix Environmental Services Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged or reasonable extensions thereof, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 4 contracts

Samples: Revolving Credit and Security Agreement (SMTC Corp), Security Agreement (SMTC Corp), Security Agreement (SMTC Corp)

Nature of Business. (a) Substantially change the nature of the business in which it is presently engagedengaged and similar, related or complementary businesses subsequently engaged in, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary or appropriate for and are to be used in its business as presently conductedconducted or similar, related or complementary businesses.

Appears in 3 contracts

Samples: Loan and Security Agreement (Forbes Energy Services Ltd.), Loan and Security Agreement (Forbes Energy Services Ltd.), Loan and Security Agreement (Forbes Energy International, LLC)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged or substantially related thereto, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted or substantially related thereto.

Appears in 3 contracts

Samples: Credit and Security Agreement (Pc Connection Inc), Credit and Security Agreement (Pc Connection Inc), Credit and Security Agreement (Pc Connection Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor on the Closing Date, or, except as otherwise specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 3 contracts

Samples: Credit and Security Agreement (Memry Corp), Credit and Security Agreement (Omni Energy Services Corp), Credit and Security Agreement (Omni Energy Services Corp)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedbusiness.

Appears in 3 contracts

Samples: Note Purchase Agreement (Keane Group, Inc.), Security Agreement (Keane Group, Inc.), Security Agreement (P&f Industries Inc)

Nature of Business. Substantially change the nature of the ------------------ business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 3 contracts

Samples: Lender Assignment Agreement (Tarrant Apparel Group), Credit and Security Agreement (Styrochem International Inc), Revolving Credit and Security Agreement (Styrochem International LTD)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 3 contracts

Samples: Security Agreement (Research Pharmaceutical Services, Inc.), Security Agreement (Research Pharmaceutical Services, Inc.), Security Agreement (Research Pharmaceutical Services, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby or hereunder, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 2 contracts

Samples: Security Agreement (Integrated Biopharma Inc), Securities Purchase Agreement (Integrated Biopharma Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor on the Closing Date, or, except as otherwise specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.. 7.10

Appears in 2 contracts

Samples: Credit Agreement (Tecogen Inc.), Credit Agreement (Tecogen Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, and similar, related or complementary businesses subsequently engaged in, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary or appropriate for and are to be used in its business as presently conductedconducted or similar, related or complementary businesses.

Appears in 2 contracts

Samples: Credit and Security Agreement (Primo Water Corp), Loan and Security Agreement (Primo Water Corp)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged and those reasonably related or ancillary thereto, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted or as reasonably related or ancillary thereto.

Appears in 2 contracts

Samples: Loan Agreement (McMS Inc /De/), And Security Agreement (McMS Inc /De/)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, except as may be reasonably related thereto, nor except as otherwise specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 2 contracts

Samples: Security Agreement (UniTek Global Services, Inc.), Security Agreement (UniTek Global Services, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged and all businesses reasonably related thereto, nor except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted and all businesses reasonably related thereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ati Inc), Security Agreement (Allegheny Technologies Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged or, nor except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 2 contracts

Samples: Revolving Credit (Graham Field Health Products Inc), Term Loan and Security Agreement (Harolds Stores Inc)

Nature of Business. Substantially change the nature of the business in ------------------ which it is presently engaged, nor except as specifically permitted hereby herein purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 2 contracts

Samples: Security Agreement (Delta Mills Inc), Security Agreement (Delta Woodside Industries Inc /Sc/)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, which shall not prohibit any Obligor from engaging in any business that is reasonably related to or complementary to its present business, nor except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedsuch business.

Appears in 2 contracts

Samples: Loan and Security Agreement (Philipp Brothers Chemicals Inc), Philipp Brothers Chemicals Inc

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted and/or are expressly permitted hereunder to be conducted in the future.

Appears in 2 contracts

Samples: Loan and Security Agreement (Edgen Louisiana CORP), Loan and Security Agreement (Brown Jordan International Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor on the Signing Date, or, except as otherwise specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 2 contracts

Samples: Credit and Security Agreement (Sachem Capital Corp.), Credit and Security Agreement (Manhattan Bridge Capital, Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged or any business substantially related or incidental thereto or any reasonable extension thereof, nor except as specifically permitted hereby purchase or invest, directly or indirectly, determined in any assets or property other than in good faith by the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedCredit Parties.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Virco MFG Corporation), Security Agreement (Virco MFG Corporation)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengagedas described in Section 5.20, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedbusiness.

Appears in 2 contracts

Samples: Note Purchase Agreement (Keane Group, Inc.), Security Agreement (Keane Group, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged or businesses otherwise reasonably related or complementary thereto, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than (a) in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted and (b) as permitted by Sections 7.1(a) and 7.6.

Appears in 2 contracts

Samples: Credit Agreement (Boot Barn Holdings, Inc.), Credit Agreement (Boot Barn Holdings, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor or, except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 2 contracts

Samples: Security Agreement (Richton International Corp), Security Agreement (Richton International Corp)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor on the Original Closing Date, or, except as otherwise specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 2 contracts

Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Manhattan Bridge Capital, Inc)

Nature of Business. (a) Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Dasan Zhone Solutions Inc), Guaranty and Security Agreement (Dasan Zhone Solutions Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged or businesses otherwise reasonably related or complementary thereto, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than (a) in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.conducted and (b) as permitted by Sections 7.1(a) and 7.6. 100

Appears in 2 contracts

Samples: Joinder Agreement (Boot Barn Holdings, Inc.), Joinder Agreement (Boot Barn Holdings, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted or in any complementary business.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Johnson Outdoors Inc), Revolving Credit and Security Agreement (Johnson Outdoors Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby or businesses related or incidental thereto, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP), Second Lien Credit Agreement (Great Lakes Dredge & Dock CORP)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted. 7.10.

Appears in 2 contracts

Samples: Credit, Term Loan And Security Agreement (Measurement Specialties Inc), Security Agreement (Terrace Holdings Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 2 contracts

Samples: Security Agreement (Crocs, Inc.), Security Agreement (FCStone Group, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, engaged nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 2 contracts

Samples: Security Agreement (Union Drilling Inc), Security Agreement (Union Drilling Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase engaged or invest, directly any business substantially related or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedincidental thereto.

Appears in 2 contracts

Samples: Term Loan Credit and Security Agreement (EVINE Live Inc.), Security Agreement (Valuevision Media Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged nor, nor except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.;

Appears in 1 contract

Samples: Tristar Corp

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby (including Section 7.1) purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Credit and Security Agreement (Foster L B Co)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby (including, without limitation, pursuant to Section 7.4 or 7.5) purchase or investinvest in, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary or desirable for and are to be used in its business as presently conductedconducted or any other businesses that are substantially similar, related, ancillary or incidental thereto.

Appears in 1 contract

Samples: Credit and Security Agreement (Finish Line Inc /In/)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor nor, except as specifically permitted hereby in this Agreement, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (Robotic Vision Systems Inc)

Nature of Business. Substantially change the nature of the business as described in which it is presently engagedSection 7.20(a), nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedbusiness.

Appears in 1 contract

Samples: Credit Agreement (Keane Group, Inc.)

Nature of Business. Substantially change the nature of the business ------------------ in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (Intelligroup Inc)

Nature of Business. Substantially change the nature of the business as described in which it is presently engagedSection 5.20, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.business. 60358086_160358086_13

Appears in 1 contract

Samples: Note Purchase Agreement (Keane Group, Inc.)

Nature of Business. Substantially change Change the nature of the business in which it is presently engaged, ; nor except as specifically permitted hereby will the Borrower purchase or investinvest in, directly or indirectly, in any substantial amount of assets or property Property other than in the Ordinary Course of Business for assets or property which are Property useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Loan Agreement (Ag Services of America Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary or appropriate for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Loan and Security Agreement (Winnebago Industries Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged as of the Closing Date and any reasonable extensions thereof, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted, in each case without the prior written consent of the Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Banyan Acquisition Corp)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, as set forth in Section 5.22, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (NYTEX Energy Holdings, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.conducted or any other businesses substantially similar, reasonably related or complementary thereto or a reasonable extension thereof. 113

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Build a Bear Workshop Inc)

Nature of Business. Substantially change the nature of the business in which it is Business as presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedthe Business.

Appears in 1 contract

Samples: Credit and Security Agreement (Prima Group International Inc)

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Nature of Business. Substantially change the nature of the ------------------ business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted on the Closing Date.

Appears in 1 contract

Samples: Air Methods Corp

Nature of Business. Substantially change the nature of the ------------------ business in which it is presently engagedengaged or substantially related thereto, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted or substantially related thereto.

Appears in 1 contract

Samples: Credit and Security Agreement (Pc Connection Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted or any other businesses substantially similar, reasonably related or complementary thereto or a reasonable extension thereof.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Build-a-Bear Workshop Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged or, nor except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Zanett Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged or any business substantially related or incidental thereto or any reasonable extension thereof, nor except as specifically permitted hereby purchase or invest, directly or indirectly, determined in any assets or property other than in good faith by the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedBorrowers.

Appears in 1 contract

Samples: Credit and Security Agreement (Virco MFG Corporation)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (Absolute Life Solutions, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (Centurion Wireless Technologies Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted, in each case, except as contemplated by the Orders.

Appears in 1 contract

Samples: Credit and Security Agreement (Invacare Corp)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.; provided, that the foregoing shall not prevent Borrowers and their Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business or is a reasonable extension of its or their business. DB1/ 123142411.13

Appears in 1 contract

Samples: Security Agreement (Quantum Corp /De/)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged and all businesses reasonably related thereto, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (Ampco Pittsburgh Corp)

Nature of Business. (a) Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Loan and Security Agreement (Velocity Express Corp)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged (or businesses reasonably related thereto), nor except as specifically permitted hereby (including Section 7.1) purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business for business or assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted or businesses reasonably related thereto.

Appears in 1 contract

Samples: Credit and Security Agreement (Foster L B Co)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business or for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (Ante5, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor nor, except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Credit and Security Agreement (Compudyne Corp)

Nature of Business. Substantially change the nature of the business ------------------ in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted on the Closing Date.

Appears in 1 contract

Samples: Air Methods Corp

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby under this Agreement purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (HMG Worldwide Corp)

Nature of Business. Substantially change the nature of the business ------------------ in which it is presently engaged, nor or, except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Eltrax Systems Inc)

Nature of Business. Substantially change the nature of the business in which it is presently currently engaged, nor nor, except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business for assets business or property other than those which are useful in, necessary for and are to be used in its business business, as presently conducted.

Appears in 1 contract

Samples: Revolving Credit (Radnor Holdings Corp)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor on the Closing Date, or, except as otherwise specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Credit Agreement (Precision Aerospace Components, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently currently engaged, nor nor, except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business for assets business or property other than those which are useful in, necessary for and are to be used in its business business, as presently conducted.

Appears in 1 contract

Samples: And (Blonder Tongue Laboratories Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor nor, except as specifically permitted hereby in this Agreement purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (Robotic Vision Systems Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducteda Permitted Business.

Appears in 1 contract

Samples: Term Loan Credit and Guaranty Agreement (New Enterprise Stone & Lime Co., Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or Revolving Credit and Security Agreement property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Credit and Security Agreement (Horizon Offshore Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor or except as specifically permitted hereby purchase or investinvest (other than as permitted by Section 7.4), directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (General Datacomm Industries Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby and otherwise subject to all other terms and provisions hereof and of the other Loan Documents, purchase or investinvest in, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedbusiness.

Appears in 1 contract

Samples: Security Agreement (Maxum Petroleum Holdings, Inc.)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property property, other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedin, the Business.

Appears in 1 contract

Samples: Security Agreement (Hudson Technologies Inc /Ny)

Nature of Business. Substantially change the nature of the business as set forth in which it is presently engagedSection 5.22, nor except as specifically permitted hereby herein purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (PDS Financial Corp)

Nature of Business. Substantially Except as permitted in Section 5.21, substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (Candies Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conductedconducted or is reasonably related, ancillary, or complementary to such business.

Appears in 1 contract

Samples: Security Agreement (Goodman Networks Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor nor, except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Credit Agreement (Cold Metal Products Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged nor, nor except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Credit and Security Agreement (Canisco Resources Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted. 7.10.

Appears in 1 contract

Samples: Cca Industries Inc

Nature of Business. Substantially change the nature of the business in which it is presently engagedengaged in any manner nor, nor except as specifically permitted hereby hereby, purchase or invest, directly or indirectly, in any assets or property property, other than in the Ordinary Course of Business Business, for assets or property which are useful innecessary for, necessary for and are to be used in in, its business as presently conducted.

Appears in 1 contract

Samples: Security Agreement (Emtec Inc/Nj)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

Appears in 1 contract

Samples: Revolving Credit And (Swank Inc)

Nature of Business. Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course ordinary course of Business business for assets or property which are useful in, necessary for and are to be used in in, its business as presently conducted.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Warner Chilcott PLC)

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