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Private Placement Financial Covenants Reference Manual


Chapter 7: LINE OF BUSINESS

Covenant
7.01

Line of Business. The Company will not, and will not permit any of its Subsidiaries to, engage in any business other than [ ___ ].




Covenant
7.02

Line of Business. The Company will not, and will not permit any of its Subsidiaries to, engage to any substantial extent in any business other than [ ___ ] [the businesses in which the Company and its Subsidiaries are engaged on the date of this Agreement as described in the Memorandum].




Covenant
7.03

Line of Business. The Company will not, and will not permit any of its Subsidiaries to, engage to any substantial extent in any business other than the businesses in which the Company and its Subsidiaries are engaged on the date of this Agreement as described in the Memorandum and businesses reasonably related thereto or in furtherance thereof.




Covenant
7.04

Line of Business. The Company will not, and will not permit any of its Subsidiaries to, engage in any business if, as a result, the general nature of the business in which the Company and its Subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature of the business in which the Company and its Subsidiaries, taken as a whole, are engaged on the date of this Agreement as described in the Memorandum.




Covenant
7.05

Line of Business. The Company will not, and will not permit any of its Subsidiaries to, engage in any business if, as a result, less than [ ___ ]% of the [ ___ ]52 of the Company and its Subsidiaries [as of the end of] [for] any fiscal [quarter/year] of the Company would be attributable to the businesses in which the Company and its Subsidiaries are engaged on the date of this Agreement as described in the Memorandum.






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