Common use of Mortgages, Liens and Guaranties Clause in Contracts

Mortgages, Liens and Guaranties. The Company will not, without the prior written approval of AMP, which consent shall not be delayed or unreasonably withheld, enter into or assume any mortgage, pledge, conditional sale or other title retention agreement, permit any security interest, lien, encumbrance or claim of any kind to attach to any of its assets (other than statutory liens and contractual liens of landlords arising in the ordinary course of business and other liens that do not materially detract from the value or interfere with the use of such assets), whether now owned or hereafter acquired, or guarantee or otherwise become contingently liable for any obligation of another, except obligations arising by reason of enforcement for collection and other similar transactions in the ordinary course of business, or make any capital contribution or investment in any person.

Appears in 5 contracts

Samples: Stock Purchase Agreement (American Medical Providers Inc), Business Purchase Agreement (American Medical Providers Inc), Business Purchase Agreement (American Medical Providers Inc)

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Mortgages, Liens and Guaranties. The Company will shall not, without the prior written approval of AMP, which consent shall not be delayed or unreasonably withheldAcquiror, enter into or assume any mortgage, pledge, conditional sale or other title retention agreement, permit any security interest, lien, encumbrance or claim of any kind to attach to any of its assets (other than statutory liens and contractual liens of landlords arising in the ordinary course of business and business, other liens that do not materially detract from the value or interfere with the use of such assets, and liens, guarantees and encumbrances that are granted or created in the ordinary course of business), whether now owned or hereafter acquired, or guarantee or otherwise become contingently liable for any obligation of another, except obligations arising by reason of enforcement endorsement for collection and other similar transactions in the ordinary course of business, or make any capital contribution or investment in any person.

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger (Universal Document MGMT Systems Inc)

Mortgages, Liens and Guaranties. The Company will shall not, without the prior written approval of AMP, which consent shall not be delayed or unreasonably withheldAcquiror, enter into or assume any mortgage, pledge, conditional sale or other title retention agreement, permit any security interest, lien, encumbrance or claim of any kind to attach to any of its assets (other than statutory liens and contractual liens of landlords arising in the ordinary course of business and business, other liens that do not materially detract from the value or interfere with the use of such assets, and liens, guarantees, and encumbrances that are granted or created in the ordinary course of business), whether now owned or hereafter acquired, or guarantee or otherwise become contingently liable for any obligation of another, except obligations arising by reason of enforcement endorsement for collection and other similar transactions in the ordinary course of business, or make any capital contribution or investment in any person.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc)

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Mortgages, Liens and Guaranties. The Company will shall not, without the prior written approval of AMP, which consent shall not be delayed or unreasonably withheldAcquiror, enter into or assume any mortgage, pledge, conditional sale or other title retention agreement, permit any security interest, lien, encumbrance or claim of any kind to attach to any of its assets (other than statutory liens and contractual liens of landlords arising in the ordinary course of business and business, other liens that do not materially detract from the value or interfere with the use of 31 39 such assets, and liens, guarantees and encumbrances that are granted or created in the ordinary course of business), whether now owned or hereafter acquired, or guarantee or otherwise become contingently liable for any obligation of another, except obligations arising by reason of enforcement endorsement for collection and other similar transactions in the ordinary course of business, or make any capital contribution or investment in any person.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc)

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