Without Bank definition
Without Bank s prior written consent, Borrower shall not create, incur, assume, or suffer to exist, or permit any Subsidiary to create, incur, assume, or suffer to exist, any obligation as lessee for the rental or hire of any real or personal property, except:
Without Bank s prior written consent, which consent shall not be unreasonably withheld, Borrower shall not purchase any materials, equipment, furnishings or fixtures to be installed on the Property under any agreement where the seller reserves title or the right of removal or repossession after such items are installed on the Property.
Without Bank s prior written consent, Borrower shall not incur, assume, or suffer to exist, or permit any Subsidiary to incur, assume, or suffer to exist, any debt other than (i) the Obligations; (ii) indebtedness and liabilities of Borrower identified in EXHIBIT 4.13; (iii) indebtedness and liabilities of Borrower that have been subordinated to the Obligations by written agreement in form and substance acceptable to Bank; (iv) accounts payable to trade creditors for goods or services that are incurred in the ordinary course of business, as presently conducted, and paid within a reasonable time, unless contested in good faith and by appropriate proceedings; and (vi) debt of the Borrower secured by purchase-money liens that are Permitted Liens.
Examples of Without Bank in a sentence
Without Bank One's prior written consent, which consent shall not be unreasonably withheld, no Related Person shall make any payment on the Subordinated Debt prior to the stated maturity thereof; provided that the Related Persons may pay interest on the Subordinated Debt without Bank One's consent so long as no Default or Event of Default shall have occurred and be continuing.
No Modification of the Voting Trust Agreement Without Bank Consent...........................
Without Bank s prior written consent, grantor will not partition or subdivide the Property.
Without Bank s consent, which shall not be unreasonably withheld, (a) sell, transfer, pledge or assign any shares of stock or other ownership interests in Borrower or any of its subsidiaries or (b) execute or agree to any further negative pledges of such shares of stock or other ownership interests in Borrower or any of its subsidiaries.
No Modification of the Voting Trust Agreement Without Bank Consent......
More Definitions of Without Bank
Without Bank s prior written consent, Debtor will not change its name, mailing address, the nature of its business, or its legal structure, or, if Debtor is an issuer of any Collateral, issue, cause, permit or suffer any stock or other securities to be issued, except subject to this Agreement, and delivered to Bank hereunder.
Without Bank s prior written consent, Borrower shall not create, incur, assume, or CREDIT AGREEMENT - 38 suffer to exist any Lien upon any of its property or assets, now owned or hereafter acquired, except for Permitted Liens.
Without Bank s prior written consent, Borrower shall not (i) liquidate, discontinue or materially reduce its normal operations with intention to liquidate; (ii) cause, allow or suffer to occur (a) the merger or consolidation of or involving Borrower with or into any corporation, partnership, or other entity; or (b) the sale, leasing, licensing, transfer or other disposal of all or any substantial part of its assets; (iii) acquire any interest(s) in any corporation, partnership or other entity, whether by stock or asset purchase or acquisition or otherwise; (iv) enter into any lease which could be characterized a-s a capitalized lease; or (v) cause, allow, or suffer to occur any change in the nature of the business of Borrower.
Without Bank s prior written consent, Borrower shall not declare or pay any dividends; or purchase, redeem, retire, or otherwise acquire for value any of its capital stock now or hereafter outstanding; or make any distribution of assets to its shareholders as such whether in cash, assets, or in obligations of the Borrower; or allocate or otherwise set apart any sum for the payment of any dividend or distribution on, or for the purchase, redemption, or retirement of any shares of its capital stock; or make any other distribution by reduction of capital or otherwise in respect of any shares of its capital stock, except that the Borrower (1) may declare and deliver dividends and make distributions payable solely in common stock of the Borrower; and (2) may purchase or otherwise acquire shares of its capital stock by exchange for or out of the proceeds received from a substantially concurrent issue of new shares of its capital stock.
Without Bank s prior written consent, directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so where the required cash investment is greater than $5,000,000. Pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock.
Without Bank s Prior written consent, Borrower shall not make any loan or advance to any Person, or purchase or otherwise acquire any capital stock, assets, obligations, or other securities of, make any capital contribution to, or otherwise invest in or acquire any interest in any Person, or participate as a partner or joint venturer with any other Person, except: (1) direct obligations of the United States or any agency thereof with maturities of one year or less from the date of acquisition; (2) commercial paper of a domestic issuer rated at least "A-1" by Standard & Poor's Corporation or "P-1" by Mood▇'▇ ▇▇▇estors Service, Inc.;
Without Bank s prior written consent, Borrower shall not assume, guarantee, endorse, or otherwise be or become directly or contingently responsible or liable (including, but not limited to, an agreement to purchase any obligation, stock, assets, goods, or services, or to supply or advance any funds, assets, goods, or services, or an agreement to maintain or cause such Person to maintain a minimum working capital or net worth, or to otherwise assure the creditors of any Person against loss) for obligations of any Person, except guaranties by endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business.