Capital Assets; Payments of Liabilities. Target shall not, without the prior written approval of Parent, (i) acquire or dispose of any capital asset, or (ii) discharge or satisfy any lien or encumbrance or pay or perform any obligation or liability other than (a) liabilities and obligations reflected in the Financial Statements, or (b) current liabilities and obligations incurred in the ordinary course of business and, in the case of either (a) or (b) 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 Reorganization (Tca Cable Tv Inc), Agreement and Plan of Reorganization (Tca Cable Tv Inc), Agreement and Plan of Reorganization (Tca Cable Tv Inc)