New Transactions. Seller shall not do, or agree to do without the prior written consent of the Buyer, any of the following acts, if such acts could affect the Assets being purchased: (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: Exclusive Agent Agreement (Chequemate International Inc), Asset Purchase Agreement (Chequemate International Inc)
New Transactions. Seller shall not do, do or agree to do without the prior written consent of the Buyer, any of the following acts, if such acts could affect with regard to the Assets being purchasedHardware Business:
(a) enter Enter into any contract, commitment commitment, or transaction not in the usual and ordinary course of its such business; or
(b) enter Enter into any contract, commitment commitment, or transaction in the usual and ordinary course of business involving an amount exceeding $1,000.0050,000, individually, or $10,000.00 100,000 in the aggregate, without the prior consent of Buyer, which consent shall not be unreasonably withheld; or
(c) make Make any capital expenditures in excess of $5,000.00 10,000 for any single item or $10,000.00 20,000 in the aggregate, or enter into any leases of capital equipment or property under which the annual lease charge is in excess of $5,000.0010,000; 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
New Transactions. Seller shall not do, or agree to do without the prior ----------------- written consent of the Buyer, any of the following acts, if such acts could affect the Assets being purchased:
(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 1 contract
Samples: Asset Purchase Agreement (Cinema Internet Networks Inc)
New Transactions. Seller shall not donot, without Buyer's written consent, do or agree to do without the prior written consent of the Buyer, any of the following acts, if in each case, as such acts could affect act relates to the Assets being purchasedViaSeal Access Control Business:
(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 $1,000.0010,000, individually, or $10,000.00 25,000 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 (SiVault Systems, Inc.)