Common use of Prohibition of Certain Loans Clause in Contracts

Prohibition of Certain Loans. Except as contemplated by Paragraph 4.4.13, not incur any borrowings except (i) the refinancing of indebtedness now outstanding, or additional borrowings under its existing revolving credit facilities, (ii) the prepayment by customers of amounts due or to become due for goods sold or services rendered or to be rendered in the future, (iii) trade payables incurred in the ordinary course of business, (iv) other borrowings incurred in the ordinary course of business to finance normal operations or (v) as is otherwise agreed to in writing by AIX;

Appears in 2 contracts

Samples: Plan and Agreement of Merger (Astrotech International Corp /New), Plan and Agreement (Iteq Inc)

AutoNDA by SimpleDocs

Prohibition of Certain Loans. Except as contemplated by Paragraph 4.4.13, not Not incur any borrowings except (i) the refinancing of indebtedness now outstanding, outstanding or additional borrowings under its existing revolving credit facilities, (ii) the prepayment by customers of amounts due or to become due for goods sold or services rendered or to be rendered in the future, (iii) trade payables incurred in the ordinary course of business, (iv) other borrowings incurred in the ordinary course of business to finance normal operations or (v) as is otherwise agreed to in writing by AIXITEQ;

Appears in 2 contracts

Samples: Plan and Agreement (Iteq Inc), Plan and Agreement of Merger (Astrotech International Corp /New)

Prohibition of Certain Loans. Except as contemplated by Paragraph 4.4.13, not Not incur any borrowings except (i) the refinancing of indebtedness now outstanding, outstanding or additional borrowings under its existing revolving credit facilitiesfacilities in the normal course of business, (ii) the prepayment by customers of amounts due or to become due for goods sold or services rendered or to be rendered in the future, (iii) trade payables incurred in the ordinary course of business, or (iv) other borrowings incurred in the ordinary course of business to finance normal operations or (v) as is otherwise agreed to in writing by AIXITEQ;

Appears in 1 contract

Samples: Plan and Agreement of Merger (Iteq Inc)

Prohibition of Certain Loans. Except as contemplated by Paragraph 4.4.13, not Not incur any borrowings except (i) the refinancing of indebtedness now outstanding, outstanding or additional borrowings under its existing revolving credit facilities, (ii) the prepayment by customers of amounts due or to become due for goods sold or services rendered or to be rendered in the future, (iii) trade payables incurred in the ordinary course of business, (iv) other borrowings incurred in the ordinary course of business to finance normal operations or (v) as is otherwise agreed to in writing by AIXSun;

Appears in 1 contract

Samples: Plan and Agreement of Merger (Sun Sportswear Inc)

AutoNDA by SimpleDocs

Prohibition of Certain Loans. Except as contemplated by Paragraph 4.4.13, not Not incur any borrowings except (i) the refinancing of indebtedness now outstanding, outstanding or additional borrowings under its existing revolving credit facilities, (ii) the prepayment by customers of amounts due or to become due for goods sold or services rendered or to be rendered in the future, (iii) trade payables incurred in the ordinary course of business, (iv) other borrowings incurred in the ordinary course of business to finance normal operations or (v) as is otherwise agreed to in writing by AIXBSI;

Appears in 1 contract

Samples: Plan and Agreement of Merger (Sun Sportswear Inc)

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