Capital Assets; Payments of Liabilities. The Company will not, without the prior written approval of AMP (a) acquire or dispose of any capital asset having a fair market value of $5,000 or more or acquire or dispose of any capital asset outside of the ordinary course of business or (b) discharge or satisfy any lien or encumbrance or pay or perform any obligation or liability, other than (i) liabilities and obligations reflected in the Financial Statements or (ii) current liabilities and obligations incurred in the usual and ordinary course of business since the Balance Sheet Date and, in either case (i) or (ii) above, only as required by the express terms of the agreement or other instrument pursuant to which the liability or obligation was incurred.
Appears in 5 contracts
Samples: Business Purchase Agreement (American Medical Providers Inc), Stock Purchase Agreement (American Medical Providers Inc), Stock Purchase Agreement (American Medical Providers Inc)
Capital Assets; Payments of Liabilities. The Company will shall not, without the prior written approval of AMP Acquiror (a) acquire or dispose of any capital asset having a fair market value of $5,000 25,000 or more more, or acquire or dispose of any capital asset outside of the ordinary course of business or (b) discharge or satisfy any lien or encumbrance or pay or perform any obligation or liability, liability other than (i) liabilities and obligations reflected in the Financial Statements or (ii) current liabilities and obligations incurred in the usual and ordinary course of business since the Company Balance Sheet Date and, in either case (i) or (ii) above, only as required by the express terms of the agreement or other instrument pursuant to which the liability or obligation was incurred.
Appears in 4 contracts
Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc)
Capital Assets; Payments of Liabilities. The Company will not, without the prior written approval of AMP (a) acquire or dispose of any capital asset having a fair market value of $5,000 15,000.00 or more or acquire or dispose of any capital asset outside of the ordinary course of business or (b) discharge or satisfy any lien or encumbrance or pay or perform any obligation or liability, other than (i) liabilities and obligations reflected in the Financial Statements or (ii) current liabilities and obligations incurred in the usual and ordinary course of business since the Balance Sheet Date and, in either case (i) or (ii) above, only as required by the express terms of the agreement or other instrument pursuant to which the liability or obligation was incurred.
Appears in 2 contracts
Samples: Asset Purchase Agreement (American Medical Providers Inc), Asset Purchase Agreement (American Medical Providers Inc)
Capital Assets; Payments of Liabilities. The Company will shall not, without the prior written approval of AMP Acquiror (a) acquire or dispose of any capital asset having a fair market value of $5,000 or more more, or acquire or dispose of any capital asset outside of the ordinary course of business or (b) discharge or satisfy any lien or encumbrance or pay or perform any obligation or liability, liability other than (i) liabilities and obligations reflected in the Financial Statements or (ii) current liabilities and obligations incurred in the usual and ordinary course of business since the Company Balance Sheet Date and, in either case (i) or (ii) above, only as required by the express terms of the agreement or other instrument pursuant to which the liability or obligation was incurred.
Appears in 1 contract
Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc)
