Common use of Operation of Company Clause in Contracts

Operation of Company. From and after the date hereof through the Closing, the Company shall not enter into any transaction or take any action other than in the ordinary course of business, except that the Company may enter into such transactions and take such other actions outside of the ordinary course of business, in each case as may be specifically approved in writing by the Purchasers.

Appears in 2 contracts

Samples: Securities Purchase Agreement (National Auto Finance Co Inc), Securities Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)

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Operation of Company. From and after the date hereof through the Closing, the Company shall not enter into any transaction or take any action other than in the ordinary course of business, except that the Company may enter into such transactions and take such other actions outside of the ordinary course of business, in each case case, as may be specifically approved in writing by the PurchasersPurchaser.

Appears in 1 contract

Samples: Securities Purchase Agreement (National Auto Finance Co Inc)

Operation of Company. From and after the date hereof through the ClosingClosing Date, the Company and its Subsidiaries shall not enter into any transaction or take any action other than in the ordinary course of business, except that the Company and its Subsidiaries may enter into such transactions and take such other actions outside of the ordinary course of business, in each case as may be specifically approved in writing by the PurchasersPurchaser.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Phoenix Racing Inc)

Operation of Company. From and after the date hereof through the ClosingClosing Date, the Company shall not enter into any transaction or take any action other than in the ordinary course of business, except that mat the Company may enter into such transactions and take such other actions outside of the ordinary course of business, in each case as may be business if specifically approved in advance in writing by the PurchasersSubscriber.

Appears in 1 contract

Samples: Subscription Agreement (Eft Biotech Holdings Inc)

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Operation of Company. From and after the date hereof through the ClosingSecond Closing Date, the Company shall not enter into any arty transaction or take any action other than in the ordinary course of business, except that the Company may enter into such transactions and take such other actions outside of the ordinary course of business, in each case as may be business if specifically approved in advance in writing by the PurchasersSubscribers, or as may be permitted by the Transaction Agreements.

Appears in 1 contract

Samples: Subscription Agreement (Ibeam Broadcasting Corp)

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