Common use of Acquisition of Stock or Assets; New Subsidiaries Clause in Contracts

Acquisition of Stock or Assets; New Subsidiaries. Borrower and the Subsidiaries will not, without at least thirty (30) days prior written notice to DFS, acquire, or enter into any agreement, to acquire, all or substantially all the assets of, equity interest or stock in, another business, nor will the Borrower 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.

Acquisition of Stock or Assets; New Subsidiaries. Borrower and the Subsidiaries will not, without at least thirty (30) 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, nor will the Borrower 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.

Acquisition of Stock or Assets; New Subsidiaries. Borrower and the Subsidiaries will not, without give DFS written notice at least thirty (30) days prior written notice to DFS, acquire, or enter into any agreement, to acquire, before Borrower: (a) acquires all or substantially all the assets of, equity interest or stock in, another business, nor will the Borrower hereafter create or (b) creates 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.