Common use of New Business Clause in Contracts

New Business. No Company will, directly or indirectly, permit or suffer to exist any material change in the type of businesses in which it is engaged from the businesses of the Companies as conducted on the Closing Date.

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement (Acx Technologies Inc), Revolving Credit Agreement (Intermedia Communications Inc), Credit Agreement (Dobson Sygnet Communications Co)

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New Business. No Company or Guarantor will, directly or indirectly, permit or suffer to exist any material change in the type of businesses in which it is engaged from the businesses of the Companies and Guarantors as conducted on the Closing Date.

Appears in 2 contracts

Samples: 364 Day Revolving Credit and Term Loan Agreement (Dobson Communications Corp), Revolving Credit Agreement (Dobson Communications Corp)

New Business. No Company will, directly or indirectly, permit or suffer to exist any material change in the type of businesses in which it is engaged from the businesses of the Companies as conducted on the Closing DateDate or business reasonably related thereto.

Appears in 2 contracts

Samples: Pledge Agreement (Adelphia Communications Corp), Credit Agreement (Adelphia Communications Corp)

New Business. No Company will, directly or indirectly, permit or suffer to exist any material change in the type of businesses in which it is engaged from the businesses of the Companies as conducted on the Closing Date and in similar or related businesses that are reasonable extensions or additions to the Companies' business on the Closing Date.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Coorstek Inc)

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New Business. No Company will, directly or indirectly, permit or suffer to exist any material change in the type of businesses in which it is engaged from the businesses of the Companies and Guarantors as conducted on the Closing Date.

Appears in 1 contract

Samples: Term Loan Agreement (Dobson Communications Corp)

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