Common use of Prohibition of Certain Loans Clause in Contracts

Prohibition of Certain Loans. Not incur any borrowings except (i) the prepayment by customers of amounts due or to become due for goods sold or services rendered or to be rendered in the future, (ii) trade payables incurred in the ordinary course of business, or (iii) other borrowings incurred in the ordinary course of business to finance normal operations;

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Tava Technologies Inc), Agreement and Plan of Reorganization (Metamor Worldwide Inc), Agreement and Plan of Reorganization (Real Software Acquisition Sub 1 Inc)

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Prohibition of Certain Loans. Not incur any borrowings except (i) the prepayment by customers of amounts due or to become due for goods sold or services rendered or to be rendered in the future, (ii) trade payables incurred in the ordinary course of business, or (iii) other borrowings incurred in the ordinary course of business to finance normal operationsoperations or (iv) as is otherwise agreed to in writing by BMC;

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (BGS Systems Inc), Agreement of Merger (BMC Software Inc)

Prohibition of Certain Loans. Not incur any borrowings except (i) the prepayment by customers of amounts due or to become due for goods sold or services rendered or to be rendered in the future, (ii) trade payables incurred in the ordinary course of business, or (iii) other borrowings incurred in the ordinary course of business to finance normal operationsoperations or (iv) as is otherwise agreed to in writing by IIS, with respect to borrowings involving a liability of more than US$10,000 per borrowing or more than US$50,000 in the aggregate;

Appears in 1 contract

Samples: Share Exchange Agreement (Iis Intelligent Information Systems LTD)

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Prohibition of Certain Loans. Not incur any borrowings except (i) the prepayment by customers of amounts due or to become due for goods sold or services rendered or to be rendered in the future, (ii) trade payables incurred in the ordinary course of business, or (iii) other borrowings incurred as is otherwise agreed to in the ordinary course writing by Weatherford or enter into any pledge or security agreement in respect of business to finance normal operationsany borrowing;

Appears in 1 contract

Samples: Combination Agreement (Weatherford International Inc /New/)

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