Common use of LIMITATIONS ON COMPANY Clause in Contracts

LIMITATIONS ON COMPANY. Except with the Representative's prior written consent, the Company agrees that the Company will not do the following until (a) the termination of this Agreement or (b) the number of days after the effective date for which the Prospectus is required to be used pursuant to Rule 174 of the Rules and Regulations, whichever occurs later: (i) Undertake or authorize any change in its capital structure; (ii) Borrow any funds other than in the ordinary course of business or as otherwise contemplated by the Prospectus; (iii) Consolidate or merge with or into any other corporation; or (iv) Create any mortgage or any lien upon any of its properties or assets other than in the ordinary course of business or as otherwise contemplated by the Prospectus.

LIMITATIONS ON COMPANY. Except with the Representative's prior written consent, the Company agrees that the Company will not do the following until (a) the termination of this Agreement or (b) the number of days after the effective date for which the Prospectus is required to be used pursuant to Rule 174 of the Rules and Regulations, whichever occurs laterfirst: (i) Undertake or authorize any change in its capital structure; (ii) Borrow any funds other than in the ordinary course of business or and as otherwise contemplated by the Prospectus; (iii) Consolidate or merge with or into any other corporation; or (iv) Create any mortgage or any lien upon any of its properties or assets other than in the ordinary course of business or and as otherwise contemplated by the Prospectus.