Common use of Subsidiaries; Acquisitions Clause in Contracts

Subsidiaries; Acquisitions. The Borrower will not, without the prior written consent of the Bank, make any acquisition of all or substantially all of the stock of any other Person or of all or substantially all of the assets of any other Person. The Borrower will not become a partner in any partnership. The Borrower will promptly inform the Bank if it forms any Subsidiaries.

Appears in 3 contracts

Samples: Security Agreement (Biotransplant Inc), Geltex Pharmaceuticals Inc, Geltex Pharmaceuticals Inc

AutoNDA by SimpleDocs

Subsidiaries; Acquisitions. The Borrower will not, without the prior written consent of the Bank, form or acquire any Subsidiary or make any other acquisition of all or substantially all of the stock of any other Person or of all or substantially all of the assets of any other Person. The Borrower will not become a partner in any partnership. The Borrower will promptly inform the Bank if it forms any Subsidiaries.

Appears in 1 contract

Samples: Loan Modification Agreement (Quantum Bridge Communications Inc)

Subsidiaries; Acquisitions. The Borrower will not, without the prior -------------------------- written consent of the Bank, make any acquisition of all or substantially all of the stock of any other Person or of all or substantially all of the assets of any other Person, other than pursuant to a Permitted Acquisition which also complies with clause (vii) of (S)4.6. The Borrower will not become a partner in any partnership. The Borrower will promptly inform the Bank if it forms any Subsidiaries.

Appears in 1 contract

Samples: Letter Agreement (Curis Inc)

Subsidiaries; Acquisitions. The Borrower will not, without the prior written consent of the BankBank (which consent will not be unreasonably withheld), form or acquire any Subsidiary or make (directly or indirectly) any other acquisition of all or substantially all of the stock of any other Person or of all or substantially all of the assets of any other Person. The Borrower will not become a partner in any partnership. The Borrower will promptly inform the Bank if it forms any Subsidiaries., except as otherwise expressly permitted

Appears in 1 contract

Samples: Centennial Technologies Inc

AutoNDA by SimpleDocs

Subsidiaries; Acquisitions. The Borrower will not, without the prior written consent of the Bank, make any acquisition of all or substantially all of the stock of any other Person or of all or substantially all of the assets of any other Person, other than a Permitted Acquisition. The Borrower will not become a partner in any partnership. The Borrower will promptly inform the Bank if it forms any Subsidiaries.

Appears in 1 contract

Samples: Letter Agreement (Arqule Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!