Limitation on Lines of Business; Creation of Subsidiaries. (a) Enter into any business, either directly or through any Subsidiary, except for businesses which are of the same general type, and reasonably related to, those in which the Borrower and its Subsidiaries are engaged on the date of this Agreement. (b) Create any new Subsidiaries of the Borrower other than any Subsidiaries that shall execute and become party to the Guarantee and Collateral Agreement.
Appears in 3 contracts
Sources: Credit Agreement (Aftermarket Technology Corp), Revolving Credit Agreement (Aftermarket Technology Corp), Credit Agreement (Aftermarket Technology Corp)