Common use of Prohibition of Loans Clause in Contracts

Prohibition of Loans. Not incur any obligations for borrowed money, except for loans in the usual and ordinary course of business;

Appears in 2 contracts

Samples: Asset Purchase Agreement (Key Energy Group Inc), Asset Purchase Agreement (Brazos Sportswear Inc /De/)

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Prohibition of Loans. Not incur any obligations for borrowed money, except for loans in the usual and ordinary course of business;

Appears in 2 contracts

Samples: Asset Purchase Agreement (U S Industrial Services Inc), Asset Purchase Agreement (U S Industrial Services Inc)

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Prohibition of Loans. Not Except with respect to borrowings in the ordinary course of business under its revolving credit facility not exceeding $1,000,000, not incur any obligations for borrowed money, except for loans in the usual and ordinary course of business;

Appears in 1 contract

Samples: Stock Purchase Agreement (Iteq Inc)

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