Common use of Prohibition of Certain Commitments Clause in Contracts

Prohibition of Certain Commitments. Entered into commitments of a capital expenditure nature or incur any contingent liabilities which would exceed $10,000 in the aggregate except (i) as may be necessary for the maintenance of existing facilities, machinery and equipment in good operating condition and repair in the ordinary course of business, or (ii) as is otherwise approved in writing by Synagro;

Appears in 3 contracts

Samples: Merger Agreement (Synagro Technologies Inc), Merger Agreement (Synagro Technologies Inc), Merger Agreement (Synagro Technologies Inc)

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Prohibition of Certain Commitments. Entered Not enter into commitments of a capital expenditure nature or incur any contingent liabilities liability which would exceed $10,000 1,000,000, in the aggregate aggregate, except (i) as may be necessary for the maintenance of existing facilities, machinery and equipment in good operating condition and repair in the ordinary course of business, or (ii) as may be required by law or (iii) as is otherwise approved agreed to in writing by SynagroITEQ;

Appears in 2 contracts

Samples: Merger Agreement (Astrotech International Corp /New), Plan and Agreement of Merger (Iteq Inc)

Prohibition of Certain Commitments. Entered Not enter into commitments of a capital expenditure nature or incur any contingent liabilities liability which would exceed $10,000 1,000,000, in the aggregate aggregate, except (i) as may be necessary for the maintenance of existing facilities, machinery and equipment in good operating condition and repair in the ordinary course of business, or (ii) as may be required by law or (iii) as is otherwise approved agreed to in writing by SynagroAIX;

Appears in 2 contracts

Samples: Merger Agreement (Astrotech International Corp /New), Plan and Agreement of Merger (Iteq Inc)

Prohibition of Certain Commitments. Entered Enter into commitments of a capital expenditure nature or incur any contingent liabilities which would exceed $10,000 in the aggregate except (i) as may be necessary for the maintenance of existing facilities, machinery and equipment in good operating condition and repair in the ordinary course of business, or (ii) as is otherwise approved in writing by SynagroKey;

Appears in 1 contract

Samples: Stock Purchase Agreement (Key Energy Group Inc)

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Prohibition of Certain Commitments. Entered Enter into commitments of a capital expenditure nature or incur any contingent liabilities which would exceed $10,000 in the aggregate except (i) as may be necessary for the maintenance of existing facilities, machinery and equipment in good operating condition and repair in the ordinary course of business, or (ii) as is otherwise approved in writing by SynagroKey;

Appears in 1 contract

Samples: Stock Purchase Agreement (Key Energy Group Inc)

Prohibition of Certain Commitments. Entered Enter into commitments of a capital expenditure nature or incur any contingent liabilities which would exceed $10,000 10,000.00 in the aggregate except (i) as may be necessary for the maintenance of existing facilities, machinery and equipment in good operating condition and repair in the ordinary course of business, or (ii) as is otherwise approved in writing by SynagroKey;

Appears in 1 contract

Samples: Stock Purchase Agreement (Key Energy Group Inc)

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