Mortgages, Liens and Guaranties. The Corporation shall not, without the prior written approval of Purchaser, enter into or assume any mortgage, pledge, conditional sale or other title retention agreement, permit any security interest, lien, encumbrance or claim of any kind to attach to any of its assets, whether now owned or hereafter acquired, or guarantee or otherwise become contingently liable for any obligation of another, except obligations arising by reason of endorsement for collection and other similar transactions in the ordinary course of business, or make any capital contribution or investment in any corporation, business or other person.
Appears in 5 contracts
Samples: Stock Purchase and Sale Agreement (Tca Cable Tv Inc), Stock Purchase Agreement (American Homestar Corp), Stock Purchase Agreement (Boundless Motor Sports Racing Inc)
Mortgages, Liens and Guaranties. The Corporation Company shall not, without the prior written approval of Purchaser, enter into or assume any mortgage, pledge, conditional sale or other title retention agreement, permit any security interest, lien, encumbrance or claim of any kind to attach to any of its assets, whether now owned or hereafter acquired, or guarantee or otherwise become contingently liable for any obligation of another, except obligations arising by reason of endorsement for collection and other similar transactions in the ordinary course of business, or make any capital contribution or investment in any corporation, business or other person.
Appears in 1 contract
Samples: Asset Purchase Agreement (Boundless Motor Sports Racing Inc)
Mortgages, Liens and Guaranties. The Corporation shall not, and shall not permit any Subsidiary to, without the prior written approval of Purchaser, enter into or assume any mortgage, pledge, conditional sale or other title retention agreement, permit any security interest, lien, encumbrance or claim of any kind to attach to any of its assets, whether now owned or hereafter acquired, or guarantee or otherwise become contingently liable for any obligation of another, except obligations arising by reason of endorsement for collection and other similar transactions in the ordinary course of business, or make any capital contribution or investment in any corporation, business or other person.
Appears in 1 contract
Samples: Securities Purchase Agreement (American Homestar Corp)
Mortgages, Liens and Guaranties. The Corporation Company shall not, without the prior written approval of PurchaserBuyer, enter into or assume any mortgage, pledge, conditional sale or other title retention agreement, permit any security interest, lien, encumbrance or claim of any kind to attach to any of its assets, whether now owned or hereafter acquired, or guarantee or otherwise become contingently liable for any obligation of another, except obligations arising by reason of endorsement for collection and other similar transactions in the ordinary course of business, or make any capital contribution or investment in any corporation, corporation business or other person.
Appears in 1 contract