Common use of No Disposition or Acquisition Clause in Contracts

No Disposition or Acquisition. The Corporation covenants and agrees that neither the Corporation nor any Subsidiary shall dispose of or acquire any material assets, provided however that this Section 7.1(o) shall not restrict or prohibit in any way (a) any disposition or acquisition between the Corporation and any Subsidiary or between Subsidiaries where such acquisition or disposal would not reasonably be expected to result in a Material Adverse Effect and/or a breach or default under this Subscription Agreement or any other document delivered to the Investor in connection with the Investment (including, for the avoidance of doubt, the Debentures and the Warrants).

Appears in 5 contracts

Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement

AutoNDA by SimpleDocs

No Disposition or Acquisition. The Corporation covenants and agrees that neither the Corporation nor any Subsidiary shall dispose of or acquire any material assetsassets outside of its ordinary course of business, provided however that this Section 7.1(o) 6.1.15 shall not restrict or prohibit in any way (a) any disposition or acquisition between the Corporation and any Subsidiary or between Subsidiaries where such acquisition or disposal would not reasonably be expected to result in a Material Adverse Effect and/or a breach or default under this Subscription Agreement or Agreement, the certificates representing the Debentures, the certificates representing the Warrants and/or any of the other document transaction documents delivered to the Investor in connection with the Investment (including, for the avoidance of doubt, the Debentures and the Warrants)Investment.

Appears in 1 contract

Samples: Issuance Agreement

No Disposition or Acquisition. The Corporation covenants and agrees that neither the Corporation nor any Subsidiary shall dispose of or acquire any material assets, ; provided however that this Section 7.1(o) shall not restrict or prohibit in any way (a) any disposition or acquisition between the Corporation and any Subsidiary or between Subsidiaries where such acquisition or disposal would not reasonably be expected to result in a Material Adverse Effect and/or a breach or default under this Subscription Agreement or any other document delivered to the Investor in connection with the Investment (including, for the avoidance of doubt, the Debentures and the Warrants).

Appears in 1 contract

Samples: Subscription Agreement

No Disposition or Acquisition. The Corporation covenants and agrees that neither the Corporation nor any Significant Subsidiary shall dispose of or acquire any material assets, ; provided however that this Section 7.1(o) 6.20 shall not restrict or prohibit in any way (a) an acquisition of the Target Company and (b) any disposition or acquisition between the Corporation and any Significant Subsidiary or between Significant Subsidiaries where such acquisition or disposal would not reasonably be expected to result in a Material Adverse Effect and/or a breach or default under the Collateral Documents or this Subscription Agreement or any other document delivered to the Investor Indenture, provided that such Significant Subsidiaries are in connection compliance in all respects with the Investment (includingSection 6.26, for the avoidance of doubt, the Debentures Section 7.1 and the Warrants)Section 7.3.

Appears in 1 contract

Samples: Secured Trust Indenture

AutoNDA by SimpleDocs

No Disposition or Acquisition. The Corporation covenants and agrees that neither the Corporation nor any Subsidiary shall dispose of or acquire any material assetsassets outside of its ordinary course of business as an investment issuer, provided however that this Section 7.1(o) shall not restrict or prohibit in any way (a) any disposition or acquisition between the Corporation and any Subsidiary or between Subsidiaries where such acquisition or disposal would not reasonably be expected to result in a Material Adverse Effect and/or a breach or default under this Subscription Agreement or any other document delivered to the Investor in connection with the Investment (including, for the avoidance of doubt, the Debentures and the Warrants).

Appears in 1 contract

Samples: Subscription Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.