Common use of Additional Negative Covenants Clause in Contracts

Additional Negative Covenants. Not to, without the Bank's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower's present business. (d) Liquidate or dissolve the Borrower's business. (e) Voluntarily suspend the Borrower's business for more than seven (7) days in any three hundred sixty-five (365) day period.

Appears in 1 contract

Samples: Loan Agreement (California Water Service Group)

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Additional Negative Covenants. Not to, without the Bank's ’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower's ’s present business. (d) Liquidate or dissolve the Borrower's ’s business. (e) Voluntarily suspend the Borrower's its business for more than seven (7) 15 days in any three hundred sixty30-five (365) day period.

Appears in 1 contract

Samples: Loan Agreement (Redhook Ale Brewery Inc)

Additional Negative Covenants. Not to, without the Bank's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower's present business. (d) Liquidate or dissolve the Borrower's business. (e) Voluntarily suspend the Borrower's business for more than seven (7) days in any three hundred sixty-five thirty (36530) day period.

Appears in 1 contract

Samples: Loan Agreement (Redhook Ale Brewery Inc)

Additional Negative Covenants. Not to, without the Bank's ’s written consent: (a) Enter into any consolidation, merger, amalgamation, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower's ’s present business. (d) Liquidate or dissolve the Borrower's ’s business. (e) Voluntarily suspend the Borrower's its business for more than seven fifteen (715) days in any three hundred sixty-five annual (36590) day period.

Appears in 1 contract

Samples: Loan Agreement (American Locker Group Inc)

Additional Negative Covenants. Not to, without the Bank's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower's present business. (d) Liquidate or dissolve the Borrower's business. (e) Voluntarily suspend the Borrower's its business for more than seven (7) 15 days in any three hundred sixty30-five (365) day period.

Appears in 1 contract

Samples: Loan Agreement (Craft Brewers Alliance, Inc.)

Additional Negative Covenants. Not to, without the Bank's ’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower's ’s present business. (d) Liquidate or dissolve the Borrower's ’s business. (e) Voluntarily suspend the Borrower's its business for more than seven fifteen (715) days in any three hundred sixty-five ninety (36590) day period.

Appears in 1 contract

Samples: Loan Agreement (Lapolla Industries Inc)

Additional Negative Covenants. Not to, without the Bank's ’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower's ’s present business. (d) Liquidate or dissolve the Borrower's ’s business. (e) Voluntarily suspend the Borrower's its business for more than seven thirty (730) days in any three hundred sixty-five ninety (36590) day period.

Appears in 1 contract

Samples: Loan Agreement (Game Trading Technologies, Inc.)

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Additional Negative Covenants. Not to, without the Bank's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower's present business. (d) Liquidate or dissolve the Borrowerany Obligor's business. (e) Voluntarily suspend the Borrower's its business for more than seven (7) days in any three hundred sixty-five thirty (36530) day period.

Appears in 1 contract

Samples: Loan Agreement (HF Foods Group Inc.)

Additional Negative Covenants. Not toThe Borrowers shall not, without the Bank's Lender’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or all or substantially all of its assets. (c) Engage in any business activities substantially different from the Borrower's their present businessbusinesses. (d) Liquidate or dissolve the Borrower's businesstheir respective businesses. (e) Voluntarily suspend the any Borrower's ’s business for more than seven five (75) days in any three hundred sixty-five ten (36510) day period.

Appears in 1 contract

Samples: Loan Agreement (Greystone Logistics, Inc.)

Additional Negative Covenants. Not to, without the Bank's written consent: (a) Enter into any consolidation, merger, ] or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower's present business. (d) Liquidate or dissolve the Borrower's business. (e) Voluntarily suspend the Borrower's business for more than seven (7) days in any three hundred sixty-five thirty (36530) day period.

Appears in 1 contract

Samples: Loan Agreement (Connecticut Water Service Inc / Ct)

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