Common use of Capital Assets; Payments of Liabilities Clause in Contracts

Capital Assets; Payments of Liabilities. The Corporation shall not, without the prior written approval of Purchaser (a) acquire or dispose of any capital asset having an initial cost of $50,000 or more 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 ordinary course of business since June 30, 2003 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.

Capital Assets; Payments of Liabilities. The Corporation shall not, and shall not permit any Subsidiary to, without the prior written approval of Purchaser (a) acquire or dispose of any capital asset having an initial cost of $50,000 25,000 or more more, 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 ordinary course of business since June September 30, 2003 1996 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.

Capital Assets; Payments of Liabilities. The Corporation shall not, without the prior written approval of Purchaser (a) acquire or dispose of any capital asset having an initial cost of $50,000 or more more, 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 ordinary course of business since June 30May 31, 2003 1996 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.