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 (Double Eagle Holdings, Ltd.), Stock Purchase Agreement (Usn Corp), Unit Purchase Agreement (Idea Sports Entertainment Group, Inc.)
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 (Rotman Gregory), Agreement and Plan (Securities Resolution Advisors Inc)
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.
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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
Samples: Agreement and Plan of Reorganization (Ci Sell Cars Inc)
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