Without Bank s prior written consent, Borrower shall not borrow any money, or otherwise become directly or indirectly obligated, other than for trade credit in the ordinary course of business and the existing indebtedness listed on EXHIBIT D attached hereto, and Borrower shall not guarantee, endorse, or assume, either directly or indirectly, any indebtedness of any other corporation, person, or entity.
Without Bank s prior written consent, Borrower shall not declare or pay any dividends or bonuses (unless payable in shares of a Borrower) upon its outstanding shares, and Borrower shall not redeem, purchase or in any manner acquire any of such outstanding shares.
Without Bank s prior written consent, no Borrower shall permit or agree to any payment extension with respect to any Receivable other than in the ordinary course of business nor permit or agree to any modification or compromise with respect to any Receivable other than in the ordinary course of business.
Without Bank s prior written consent, pledge or otherwise hypothecate any of its assets except for N/A or become liable for borrowed money or finance loans in excess of N/A Dollars ($_________) during any fiscal year.
Without Bank s prior written consent, Borrowers shall not make in any calendar year capital expenditures or contracts for capital expenditures together aggregating in excess of $2,000,000.00.
Without Bank s prior written consent which consent ----------- shall not be unreasonably withheld, change its name or consolidate or merge with any other corporation or acquire or purchase any equity interest in any other entity, including shares of stock of other corporations, or acquire or purchase any assets or assume any obligations of any other entity the value of which exceeds $100,000.00 (whether in one transaction or in a series of transactions), except that the Borrower is permitted to own notes and other receivables acquired in the ordinary course of business.
Without Bank s written consent Borrower shall not: (i) engage in any business activities substantially different from Borrower’s present business; (ii) liquidate or dissolve its business; (iii) enter into any consolidation, merger, pool, joint venture, syndicate, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company; (iv) sell, lease, transfer or dispose of all or a substantial part of its property, except in the ordinary course of its business; (v) sell, assign, lease, transfer or otherwise dispose of any assets for less than fair market value, or enter into any agreement to do so; (vi) grant a security interest in, assign, sell or transfer any of the stock pledged pursuant to the Pledge Agreement or permit, grant or suffer a lien, claim or encumbrance upon any of such collateral; (vii) allow or otherwise permit one or more persons or entities who are not currently owners of the capital stock of QC Holdings or whose stock is not pledged pursuant to the Pledge Agreement to acquire fifty percent (50%) or more of the capital stock of QC Holdings (by value or voting control) or allow or otherwise permit persons who are not currently members of the Board of Directors of QC Holdings to become a majority of the members of such Board of Directors; and (viii) allow the charter of any entity comprising Borrower to be amended, or take or cause to be taken any action which would result in the change of the state of organization of any such entity.
Without Bank s prior approval, Borrower shall not:
Without Bank s prior written consent, Owner may not trade financial assets maintained in the Securities Account.
Without Bank s prior consent, Borrower shall not permit intercompany transfers, loans or advances to any other companies or entities related to Borrower or Guarantor, or in which Borrower or Guarantor owns any interest.
