Common use of Restrictions on Nature of Business Clause in Contracts

Restrictions on Nature of Business. Company will not engage in any line of business materially different from that presently engaged in by Company, and will not purchase, lease or otherwise acquire assets not related to its business.

Appears in 13 contracts

Samples: Credit and Security Agreement (Spectranetics Corp), Credit and Security Agreement, Credit and Security Agreement (Nortech Systems Inc)

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Restrictions on Nature of Business. The Company will not engage in any line of business materially different from that presently engaged in by Company, the Company and will not purchase, lease or otherwise acquire assets not related to its business.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Eugene Science), Stock Pledge and Security Agreement (Intercell Corp)

Restrictions on Nature of Business. Company Companies will not engage in any line of business materially different from that presently engaged in by CompanyCompanies, and will not purchase, lease or otherwise acquire assets not related to its their business.

Appears in 2 contracts

Samples: Credit and Security Agreement (Phoenix Footwear Group Inc), Credit and Security Agreement (Phoenix Footwear Group Inc)

Restrictions on Nature of Business. Company will not engage in any line of business materially different from that presently engaged in by Company, and will not purchase, lease or otherwise acquire any material assets not related to its business.

Appears in 1 contract

Samples: Credit and Security Agreement (Gvi Security Solutions Inc)

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Restrictions on Nature of Business. No Company will not engage in any line of business materially different from that presently engaged in by such Company, and will not purchase, lease or otherwise acquire assets not related to its business.

Appears in 1 contract

Samples: Credit and Security Agreement (Adams Resources & Energy, Inc.)

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