No Pending Transactions. Except for the transactions contemplated by this Agreement and the Transactions contemplated herein, neither Seller nor any Member is a party to or bound by or the subject of any agreement, undertaking, commitment or discussions or negotiations with any Person that could reasonably result in: (a) the sale, merger, consolidation or recapitalization of Seller; (b) the sale of any of the Purchased Assets; (c) the sale of any outstanding membership interest of Seller; (d) the acquisition by Seller of any operating business or the membership interest or capital stock of any other Person; (e) the borrowing of money in excess of $100,000 by Seller, whether secured or unsecured; (f) any agreement with any of the respective officers, managers or Affiliates of Seller; or (g) the expenditure of more than $25,000 or contractual performance obligations by Seller extending for a period more than one year.
Appears in 13 contracts
Samples: Asset Purchase Agreement (Medicine Man Technologies, Inc.), Asset Purchase Agreement (Medicine Man Technologies, Inc.), Asset Purchase Agreement (Medicine Man Technologies, Inc.)
No Pending Transactions. Except for the transactions contemplated by this Agreement and the Related Transactions contemplated in Section 4.3 herein, neither the Seller nor any Member is not a party to or bound by or the subject of any agreement, undertaking, commitment or discussions or negotiations with any Person person that could would reasonably be expected to result in: (a) the sale, merger, consolidation or recapitalization of the Seller; (b) the sale of any of the Purchased AssetsAssets of the Seller (other than in the ordinary course of its business); (c) the sale of any outstanding membership interest capital stock of the Seller; (d) the acquisition by the Seller of any operating business or the membership interest or capital stock of any other Personperson or entity; (e) the borrowing of money in excess of $100,000 by Seller, whether secured or unsecuredmoney; (f) any agreement with any of the respective officers, managers or Affiliates affiliates of the Seller; or (g) the expenditure of more than $25,000 10,000 or contractual the performance obligations by the Seller extending for a period more than one yearyear from the date hereof.
Appears in 11 contracts
Samples: Intellectual Property Purchase Agreement (Rci Hospitality Holdings, Inc.), Asset Purchase Agreement (Rci Hospitality Holdings, Inc.), Asset Purchase Agreement (Rci Hospitality Holdings, Inc.)
