Common use of No Hostile Acquisitions Clause in Contracts

No Hostile Acquisitions. No part of the proceeds of the Loans or the Letters of Credit will be used to finance any Permitted Acquisition unless the board of directors (or other governing body) or the shareholders of the Person to be acquired and/or seller, as applicable, shall have previously approved such transaction.

Appears in 2 contracts

Samples: Credit Agreement (Global Imaging Systems Inc), Credit Agreement (Global Imaging Systems Inc)

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No Hostile Acquisitions. No part of the proceeds of the Loans or the ----------------------- Letters of Credit will be used to finance any Permitted Acquisition unless the board of directors (or other governing body) or the shareholders of the Person to be acquired and/or seller, as applicable, shall have previously approved such transaction.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

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No Hostile Acquisitions. No part of the proceeds of the Loans Loans, the ----------------------- Letters of Credit or the Aggregator Letters of Credit will be used to finance any Permitted Acquisition unless the board of directors (or other governing body) or the shareholders of the Person to be acquired and/or seller, as applicable, shall have previously approved such transaction.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

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