Common use of New Business Clause in Contracts

New Business. The Borrower will not, and will not cause or permit any other Company to, engage in any business except the businesses in which it is presently engaged and any other reasonably related business.

Appears in 9 contracts

Samples: Credit Agreement (Teppco Partners Lp), Term Credit Agreement (Teppco Partners Lp), Credit Agreement (Teppco Partners Lp)

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New Business. The Borrower will shall not, and will shall not cause or permit any other Company Subsidiary to, engage in any business except other than the businesses business in which it is presently currently engaged and any other or a business reasonably related businessthereto.

Appears in 2 contracts

Samples: Credit Agreement (Belk Inc), Credit Agreement (Belk Inc)

New Business. The Borrower will not, and will not cause or permit any other Company to, engage in any business except the businesses in which it is presently engaged and any other reasonably related business.. 41

Appears in 1 contract

Samples: Credit Agreement (Teppco Partners Lp)

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New Business. The Borrower will not, and will not permit or cause or permit any other Company of its Subsidiaries to, engage in any business except other than the businesses Existing Lines of Business in which it is presently engaged and any other reasonably related businesson the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Piedmont Management Co Inc)

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