Common use of Nature of Business Clause in Contracts

Nature of Business. The Borrower will not materially alter the character of its business from that conducted as of the Closing Date.

Appears in 69 contracts

Samples: Term Loan Agreement (Public Service Co of New Mexico), Credit Agreement (Public Service Co of New Mexico), Revolving Credit Agreement (Atmos Energy Corp)

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Nature of Business. The Borrower will not materially alter the character of its business from that conducted as of the Closing DateDate and activities reasonably related thereto and similar and related businesses.

Appears in 11 contracts

Samples: Credit Agreement (Dominion Resources Inc /Va/), Credit Agreement (Consolidated Natural Gas Co/Va), Credit Agreement (Consolidated Natural Gas Co/Va)

Nature of Business. The Borrower will not materially alter the character or conduct of its the business from that conducted by it as of the Closing DateDate and activities directly related thereto.

Appears in 7 contracts

Samples: Term Loan Agreement (Trinity Industries Inc), Term Loan Agreement (Trinity Industries Inc), Warehouse Loan Agreement (Trinity Industries Inc)

Nature of Business. The Borrower will not materially alter the character of its business from that conducted as of the Closing Restatement Date.

Appears in 7 contracts

Samples: Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Public Service Co of New Mexico)

Nature of Business. The Borrower will not materially alter the character of its business from that conducted as of the Closing Date.

Appears in 5 contracts

Samples: Term Loan Agreement (Alabama Power Co), Multi Year Credit Agreement (Alabama Power Co), Credit Agreement (Southern Power Co)

Nature of Business. The Borrower will not materially alter the character of its business from that conducted as of the Initial Closing Date.

Appears in 3 contracts

Samples: Term Loan Agreement (PNM Resources Inc), Term Loan Agreement (Public Service Co of New Mexico), Term Loan Agreement (Public Service Co of New Mexico)

Nature of Business. The Such Borrower will not materially alter the character of its business from that conducted as of the Closing Date.

Appears in 3 contracts

Samples: Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc)

Nature of Business. The Borrower will not materially alter the character or conduct of its the business from that conducted by it as of the Closing Date.Date and activities directly related thereto. SECTION 7.04

Appears in 2 contracts

Samples: Warehouse Loan Agreement (Trinity Industries Inc), Warehouse Loan Agreement (Trinity Industries Inc)

Nature of Business. The Borrower will not materially alter the character or conduct of its the business from that conducted by it as of the Facility Closing DateDate and activities directly related thereto.

Appears in 1 contract

Samples: Loan Agreement (Trinity Industries Inc)

Nature of Business. The Borrower will not materially alter change the character of its business from that conducted as of carried on at the Closing Datedate hereof.

Appears in 1 contract

Samples: Credit Agreement (Primeenergy Corp)

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Nature of Business. The Borrower will shall not materially substantively alter the nature, character or conduct of its business from that conducted by it as of the Closing Date.

Appears in 1 contract

Samples: Master Loan Agreement (Pope Resources LTD Partnership)

Nature of Business. The Borrower will not materially alter the character of its business from that conducted as of the Closing Date, except as a result of the Acquisition.

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

Nature of Business. The Such Borrower will not materially alter the character of its business from that conducted as of the Closing DateDate and activities reasonably related thereto and similar and related businesses.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Natural Gas Co/Va)

Nature of Business. The Each Borrower and its Subsidiaries will not materially alter the character or conduct of its business their respective businesses from that conducted as of the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Americold Corp /Or/)

Nature of Business. The Borrower will not (a) materially alter the character of its business from that conducted as of the Closing DateDate or (b) employ any employees.

Appears in 1 contract

Samples: Term Loan Agreement (Public Service Co of New Mexico)

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