Common use of Nature of Business Clause in Contracts

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 12 contracts

Samples: Credit Agreement (Farmer Brothers Co), Credit Agreement (Liberty Energy Inc.), Credit Agreement (Liberty Energy Inc.)

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Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 12 contracts

Samples: Credit Agreement (Performant Financial Corp), Credit Agreement (Insteel Industries Inc), Credit Agreement (Oil States International, Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.. 6.6

Appears in 6 contracts

Samples: Credit Agreement and Loan (Nautilus, Inc.), Credit Agreement (Nautilus, Inc.), Assignment and Acceptance Agreement (Nautilus, Inc.)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related related, similar or ancillary to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related related, similar or ancillary to its or their business.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Cross Country Healthcare Inc), Term Loan Credit Agreement (Cross Country Healthcare Inc), Abl Credit Agreement (Cross Country Healthcare Inc)

Nature of Business. Each The Loan Party Parties will not, and will not permit any of its their Subsidiaries to, to make any material change in the nature of its or their principal business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party Parent and its Subsidiaries from engaging in any business that is reasonably related related, complementary or ancillary to its or their business.

Appears in 3 contracts

Samples: Credit Agreement (LiveVox Holdings, Inc.), Credit Agreement (LiveVox Holdings, Inc.), Credit Agreement (LiveVox Holdings, Inc.)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement conducted on the Closing Date or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related related, incidental or ancillary to its or their business.

Appears in 3 contracts

Samples: Credit Agreement (Jakks Pacific Inc), Assignment and Acceptance Agreement (Jakks Pacific Inc), First Lien Term Loan Facility Credit Agreement (Jakks Pacific Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.. 6.6

Appears in 2 contracts

Samples: Credit Agreement (BlueLinx Holdings Inc.), Credit Agreement (BlueLinx Holdings Inc.)

Nature of Business. Each Loan Party Borrower will not, and will not permit any of its Subsidiaries other Loan Party to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries Parties from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 2 contracts

Samples: Credit Agreement (Power Solutions International, Inc.), Credit Agreement (Power Solutions International, Inc.)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement of the date of the Closing Date or acquire any properties or assets that are not reasonably related to the conduct of such business activitiesactivities or business activities that are reasonably related, ancillary or complementary thereto; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related related, complementary or ancillary to its or their business.

Appears in 2 contracts

Samples: Credit Agreement (Neophotonics Corp), Credit Agreement (Neophotonics Corp)

Nature of Business. Each The Borrower and each other Loan Party will not, and will not permit any of its their Subsidiaries to, to make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement hereto or acquire any properties or assets that are not reasonably related or ancillary to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party Borrower and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 2 contracts

Samples: Credit Agreement (Upland Software, Inc.), Credit Agreement (Upland Software, Inc.)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement and activities necessary to conduct the foregoing or acquire any material properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 2 contracts

Samples: Credit Agreement (Tessco Technologies Inc), Credit Agreement (Tessco Technologies Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 2 contracts

Samples: Credit Agreement (BlueLinx Holdings Inc.), Credit Agreement (BlueLinx Holdings Inc.)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement the Disclosure Letter or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their businessbusiness or is a reasonable extension thereof.

Appears in 2 contracts

Samples: Credit Agreement (INFINERA Corp), Credit Agreement (INFINERA Corp)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any the Loan Party and its Subsidiaries Parties from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 2 contracts

Samples: Credit Agreement, Possession Credit Agreement

Nature of Business. Each Loan Party will not, and will not permit any of its Restricted Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Restricted Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Forum Energy Technologies, Inc.), Credit Agreement (Emmis Communications Corp)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and or its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 2 contracts

Samples: Credit Agreement (GoPro, Inc.), Credit Agreement (Model N, Inc.)

Nature of Business. Each Loan Party will not, and will not permit any of its Restricted Subsidiaries to, to make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Restricted Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 2 contracts

Samples: Credit Agreement (Glass House Brands Inc.), Credit Agreement (Glass House Brands Inc.)

Nature of Business. Each Loan Party will not, and will not permit any of its Restricted Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 2 contracts

Samples: Credit Agreement (CVR Partners, Lp), Credit Agreement (CVR Energy Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, to make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Credit Agreement (Neogenomics Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the fundamental nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Credit Agreement (Pacific Ethanol, Inc.)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, to make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party Parent and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Credit Agreement (InfuSystem Holdings, Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, to make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to or a logical extension thereof the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party Parent and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement the Disclosure Letter or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their businessbusiness or that constitutes a reasonable extension thereof.

Appears in 1 contract

Samples: Credit Agreement (McClatchy Co)

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Nature of Business. Each Loan Party will not, and will not permit any of its Domestic Subsidiaries to, to make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; 41 provided, that the foregoing shall not prevent any Loan Party Parent and its Domestic Subsidiaries from engaging in any (a) business that is reasonably related or ancillary to its or their business or (b) any other technology-based business.

Appears in 1 contract

Samples: Credit Agreement (Advanced Energy Industries Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, or Holdings to make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement 7.5 or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, provided that the foregoing shall not prevent any Loan Party Holdings, the Borrower and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Term Loan Agreement (Us Xpress Enterprises Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their businessbusiness or that constitutes a reasonable extension thereof.

Appears in 1 contract

Samples: Intercreditor Agreement (McClatchy Co)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make m ake any material change in the nature of its i ts or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; providedprovided , that the foregoing shall not prevent any Loan Party and its Subsidiaries Subsid iaries from engaging in any business that is reasonably related or ancillary to its or their business.. 6.6

Appears in 1 contract

Samples: Credit Agreement (Independence Contract Drilling, Inc.)

Nature of Business. . Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Credit Agreement (Farmer Brothers Co)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, to make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Credit Agreement (Digirad Corp)

Nature of Business. Each Loan Party Borrower will not, and will not permit any of its Subsidiaries Loan Party Subsidiary to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Borrower and any Loan Party and its Subsidiaries Subsidiary from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Credit Agreement (Kronos Worldwide Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.Schedule

Appears in 1 contract

Samples: Credit Agreement (GoPro, Inc.)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Credit Agreement (Flexsteel Industries Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business. 6.6.

Appears in 1 contract

Samples: Credit Agreement (Ranger Energy Services, Inc.)

Nature of Business. Each Loan Party will not, and will not permit any of its Restricted Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activitiesactivities or any reasonable extension thereof; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.business or a reasonable extension thereof. 6.6

Appears in 1 contract

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, to make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party Parent and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Credit Agreement (K Swiss Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, or Parent to make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, provided that the foregoing shall not prevent Parent, any Loan Party Borrower and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Credit Agreement (Us Xpress Enterprises Inc)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 to this Agreement of the date of the Closing Date or acquire any properties or assets that are not reasonably related to the conduct of such business activitiesactivities or business activities that are reasonably related, ancillary or complementary thereto; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related related, complementary or ancillary to its or their business.. 6.6

Appears in 1 contract

Samples: Credit Agreement (Neophotonics Corp)

Nature of Business. Each Loan Party will not, and will not permit any of its Subsidiaries to, make any material change in the nature of its or their business as described in Schedule 6.5 7.6 to this Agreement or acquire any properties or assets that are not reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent any Loan Party and its Subsidiaries from engaging in any business that is reasonably related or ancillary to its or their business.

Appears in 1 contract

Samples: Loan and Security Agreement (AFC Gamma, Inc.)

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