Acquiring Additional Fixed Assets Sample Clauses

Acquiring Additional Fixed Assets. The Borrower will not invest in additional equipment and fixed assets purchases in excess of $100,000 in an annual aggregate amount, without Lender and USDA approval (as may be required). The Borrower will not lease, sell, transfer, or otherwise encumber equipment or fixed assets without the concurrence of the Lender (except for replacement of equipment in the order course of business).