Common use of Prohibition of Certain Commitments Clause in Contracts

Prohibition of Certain Commitments. Not enter into commitments of a capital expenditure nature which would exceed Five Thousand Dollars ($5,000), in the aggregate, except as may be necessary for the maintenance of existing facilities and equipment in good operating condition and repair in the ordinary course of business and except as may be required by law;

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (American Millennium Corp Inc), Agreement and Plan of Reorganization (American Millennium Corp Inc), Agreement and Plan of Reorganization (American Millennium Corp Inc)

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Prohibition of Certain Commitments. Not enter into commitments of a capital expenditure nature which would exceed Five Thousand Dollars ($5,000)1,000,000, in the aggregate, except as may be necessary for the maintenance of existing facilities and equipment in good operating condition and repair in the ordinary course of business and except as may be required by law;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (BMC Software Inc)

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Prohibition of Certain Commitments. Not enter into commitments of a capital expenditure nature which would exceed Twenty Five Thousand Dollars ($5,00025,000), in the aggregate, except as may be necessary for the maintenance of existing facilities and equipment in good operating condition and repair in the ordinary course of business and except as may be required by law;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (American Millennium Corp Inc)

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