No Indebtedness. Buyer will not create, incur, assume, guarantee or otherwise become liable with respect to any obligation for borrowed money, indebtedness, capitalized lease or similar obligation, except in the ordinary course of business consistent with past practices, where the entire net proceeds thereof are deposited with and used by and in connection with the business of Buyer.
Appears in 14 contracts
Samples: Stock Purchase Agreement (Usn Corp), Stock Purchase Agreement (Double Eagle Holdings, Ltd.), Agreement and Plan of Reorganization (Rose International LTD)
No Indebtedness. Buyer will not create, incur, assume, guarantee or otherwise become liable with respect to any obligation for borrowed money, indebtedness, capitalized lease or similar obligation, except in the ordinary course of business consistent with past practices, practices where the entire net proceeds thereof are deposited with and used by and in connection with the business of Buyerthe Company.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (Team Sports Entertainment Inc), Agreement and Plan of Reorganization (Securities Resolution Advisors Inc), Agreement and Plan of Reorganization (Rotman Gregory)
No Indebtedness. Buyer will not create, incur, assume, guarantee or --------------- otherwise become liable with respect to any obligation for borrowed money, indebtedness, capitalized lease or similar obligation, except in the ordinary course of business consistent with past practices, where the entire net proceeds thereof are deposited with and used by and in connection with the business of Buyer.
Appears in 1 contract
No Indebtedness. Buyer will not create, incur, assume, guarantee or ---------------- otherwise become liable with respect to any obligation for borrowed money, indebtedness, capitalized lease or similar obligation, except in the ordinary course of business consistent with past practices, practices where the entire net proceeds thereof are deposited with and used by and in connection with the business of Buyerthe Company.
Appears in 1 contract
No Indebtedness. Buyer will not create, incur, assume, ---------------- guarantee or otherwise become liable with respect to any obligation for borrowed money, indebtedness, capitalized lease or similar obligation, except in the ordinary course of business consistent with past practices, practices where the entire net proceeds thereof are deposited with and used by and in connection with the business of Buyerthe Company.
Appears in 1 contract
