Common use of New Transactions Clause in Contracts

New Transactions. Seller shall not do, or agree to do without the prior written consent of the Buyer, any of the following acts: (a) enter into any contract, commitment or transaction not in the usual and ordinary course of its business; or (b) enter into any contract, commitment or transaction in the usual and ordinary course of business involving an amount exceeding $1,000.00 individually, or $10,000.00 in the aggregate; or (c) make any capital expenditures in excess of $5,000.00 for any single item or $10,000.00 in the aggregate, or enter into any leases of capital equipment or property under which the annual lease charge is in excess of $5,000.00; or (d) sell or dispose of any capital assets with a net book value in excess of $1,000.00 individually, or $10,000.00 in the aggregate.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Chequemate International Inc), Asset Purchase Agreement (Chequemate International Inc)

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New Transactions. Seller shall not do, or agree to do without the prior written consent of the Buyer, any of the following acts: (a) enter into any contract, commitment or transaction not in the usual and ordinary course of its business; or (b) enter into any contract, commitment or transaction in the usual and ordinary course of business involving an amount exceeding $1,000.00 100,000.00, individually, or $10,000.00 100,000.00 in the aggregate; or (c) make any capital expenditures in excess of $5,000.00 50,000.00 for any single item or $10,000.00 100,000.00 in the aggregate, or enter into any leases of capital equipment or property under which the annual lease charge is in excess of $5,000.0050,000.00; or (d) sell or dispose of any capital assets with a net book value in excess of $1,000.00 $ 50,000.00 individually, or $10,000.00 100,000.00 in the aggregate.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Chequemate International Inc), Asset Purchase Agreement (Chequemate International Inc)

New Transactions. Seller shall not do, or agree to do without the prior written consent of the Buyer, any of the following acts: (a) enter into any contract, commitment or transaction not in the usual and ordinary course of its business; or (b) enter into any contract, commitment or transaction in the usual and ordinary course of business involving an amount exceeding $1,000.00 10,000.00, individually, or $10,000.00 100,000.00 in the aggregate; or) (c) make any capital expenditures in excess of $5,000.00 50,000.00 for any single item or $10,000.00 100,000.00 in the aggregate, or enter into any leases of capital equipment or property under which the annual lease charge is in excess of $5,000.0050,000.00; or (d) sell or dispose of any capital assets with a net book value in excess of $1,000.00 $ 50,000.00 individually, or $10,000.00 100,000.00 in the aggregate.

Appears in 1 contract

Samples: Asset Purchase Agreement (Telecommunication Products Inc)

New Transactions. Seller shall not donot, without Purchaser's written consent, do or agree to do without the prior written consent of the Buyer, any of the following acts: (a) enter Enter into any contract, commitment or transaction not in the usual and ordinary course of its business; or (b) enter Enter into any contract, commitment or transaction in the usual and ordinary course of business involving an amount exceeding $1,000.00 10,000, individually, or $10,000.00 50,000 in the aggregate; or (c) make Make any capital expenditures in excess of $5,000.00 5,000 for any single item or $10,000.00 10,000 in the aggregate, or enter into any leases of capital equipment or property under which the annual lease charge is in excess of $5,000.005,000; or (d) sell Sell or dispose of any capital assets with a net book value in excess of $1,000.00 5,000, individually, or $10,000.00 10,000 in the aggregate.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Net Value Holdings Inc)

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New Transactions. Seller shall not do, or agree to do without the prior written consent of the Buyer, any of the following acts: (a) enter into any contract, commitment or transaction not in the usual and ordinary course of its business; or (b) enter into any contract, commitment or transaction in the usual and ordinary course of business involving an amount exceeding $1,000.00 10,000.00, individually, or $10,000.00 in the aggregate; or (c) make any capital expenditures in excess of $5,000.00 for any single item or $10,000.00 in the aggregate, or enter into any leases of capital equipment or property under which the annual lease charge is in excess of $5,000.00; or (d) sell or dispose of any capital assets with a net book value in excess of $1,000.00 5,000.00 individually, or $10,000.00 in the aggregate.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dynatec International Inc)

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