Changes to Business. The Guarantor shall procure that no substantial change is made to the general nature of the business of the Guarantor or the Group from that carried on at the date of this Agreement. For the avoidance of doubt, this does not include any new insurance and reinsurance businesses, or exiting a line of business, by any Regulated Insurance Company in the ordinary course of its business.
Appears in 1 contract
Sources: Facility Agreement (Amtrust Financial Services, Inc.)
Changes to Business. The the Guarantor shall procure that no substantial change is made to the general nature of the business of the Guarantor or the Group from that carried on at the date of this Agreement. For the avoidance of doubt, this does not include any new insurance and reinsurance businesses, or exiting a line of business, by any Regulated Insurance Company in the ordinary course of its business.
Appears in 1 contract
Sources: Credit Facility Agreement (Amtrust Financial Services, Inc.)