Common use of Material Expenditures Clause in Contracts

Material Expenditures. Without the prior written consent of the Lender, make any capital expenditure or restructuring expenditure, or any other expenditure in excess of $2,000,000, other than as expressly provided for in the most recent Budget provided to the Lender pursuant to Section 6.1(j), which consent shall not be unreasonably withheld or delayed.

Appears in 1 contract

Sources: Consolidated Loan Agreement (Liminal BioSciences Inc.)

Material Expenditures. Without the prior written consent of the Lender, make any capital expenditure or restructuring expenditure, or any other expenditure in excess of $2,000,000, other than as expressly provided for in the most recent Budget provided to the Lender pursuant to Section 6.1(j7.1(j), which consent shall not be unreasonably withheld or delayed.

Appears in 1 contract

Sources: Loan Agreement (Liminal BioSciences Inc.)