Common use of New Business Clause in Contracts

New Business. Permit the Borrower or any of its Subsidiaries to enter into any business, in any material respect, which is not similar to that existing on the Closing Date.

Appears in 7 contracts

Samples: Credit Agreement (South Jersey Industries Inc), 364 Day Revolving Credit Agreement (South Jersey Industries Inc), Term Loan Credit Agreement (South Jersey Industries Inc)

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New Business. Permit the Borrower or any of its Subsidiaries to enter into any business, in any material respect, business which is not substantially similar to that existing on the Closing Date.

Appears in 6 contracts

Samples: Credit Agreement (South Jersey Industries Inc), Letter of Credit Reimbursement Agreement (South Jersey Industries Inc), Credit Agreement (South Jersey Industries Inc)

New Business. Permit the Borrower or any of its Subsidiaries to enter into any business, in any material respect, business which is not substantially similar to that existing on the Closing Date.

Appears in 2 contracts

Samples: Loan Agreement (South Jersey Industries Inc), Loan Agreement (South Jersey Gas Co/New)

New Business. Permit the Borrower or any of its Subsidiaries to enter into any business, in any material respect, which is not similar or reasonably related to that existing on the Closing Date.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (SOUTH JERSEY GAS Co), Term Loan Credit Agreement (SOUTH JERSEY GAS Co)

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New Business. Permit the Borrower or any of its Subsidiaries to enter into any business, in any material respect, which is not similar to that existing on the Closing Restatement Effective Date.

Appears in 1 contract

Samples: Term Loan Credit Agreement (South Jersey Industries Inc)

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