Acquisition of Stock or Assets; New Subsidiaries. Borrower and the Subsidiaries will not, without using all reasonable efforts to give 30 days prior written notice to DFS, acquire, or enter into any agreement, commitment letter or letter of intent to acquire, all or substantially all the assets of, equity interest or stock in, another business. Borrower will not, without DFS' prior written consent, hereafter create any new Subsidiaries.
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Samples: Business Credit and Security Agreement (Creative Computers Inc), Business Credit and Security Agreement (Creative Computers Inc)
Acquisition of Stock or Assets; New Subsidiaries. Borrower and the Subsidiaries will not, without using all reasonable efforts to give 30 at least thirty (30) days prior written notice to DFS, acquire, or enter into any agreement, commitment letter or letter of intent to acquire, all or substantially all the assets of, equity interest or stock in, another business. , nor will the Borrower will not, without DFS' prior written consent, hereafter create any new Subsidiaries. Borrower and the Subsidiaries shall give DFS prompt written notice of entering into any commitment letter or letter of intent to acquire all or substantially all of the assets of, equity interest or stock in another business.
Appears in 2 contracts
Samples: Business Credit and Security Agreement (Pomeroy Computer Resources Inc), Business Credit and Security Agreement (Pomeroy Computer Resources Inc)
Acquisition of Stock or Assets; New Subsidiaries. Borrower and the Subsidiaries will not, without using all reasonable efforts to give 30 days prior DFS written notice to DFS, acquire, or enter into any agreement, commitment letter or letter of intent to acquire, at least thirty (30) days before Borrower:
(a) acquires all or substantially all the assets of, equity interest or stock in, another business. Borrower will not, without DFS' prior written consent, hereafter create or (b) creates any new Subsidiaries.
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