Common use of Unconditional Purchase Options Clause in Contracts

Unconditional Purchase Options. Except in the ordinary course of business, not enter into or be a party to, or permit any Designated Subsidiary to enter into or be a party to any contract for the purchase of materials, supplies or other property or services, if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pioneer Companies Inc), Loan and Security Agreement (Pioneer East Inc)

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Unconditional Purchase Options. Except in the ordinary course of business, not Not enter into or be a party to, or permit any Designated Subsidiary other Company to enter into or be a party to to, any contract for the purchase of materials, supplies or other property or services, if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services.

Appears in 2 contracts

Samples: Loan and Security Agreement (Decrane Aircraft Holdings Inc), Loan and Security Agreement (Unifrax Investment Corp)

Unconditional Purchase Options. Except in the ordinary course of business, not Not enter into or be a party to, or permit any Designated Subsidiary to enter into or be a party to to, any contract for the purchase of materials, supplies or other property or services, if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services.

Appears in 2 contracts

Samples: Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//)

Unconditional Purchase Options. Except in the ordinary course of business, not Not enter into or be a party to, or permit any Designated Subsidiary to enter into or be a party to any contract for the purchase of materials, supplies or other property or services, if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services.

Appears in 2 contracts

Samples: Loan and Security Agreement (Rainbow Rentals Inc), Loan and Security Agreement (Elxsi Corp /De//)

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Unconditional Purchase Options. Except in the ordinary course of business, not Not enter into or be a party to, or permit any Designated Subsidiary of its Subsidiaries to enter into or be a party to any contract for the purchase of materials, supplies or other property or services, if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services.

Appears in 1 contract

Samples: Loan and Security Agreement (CMC Industries Inc)

Unconditional Purchase Options. Except in as set forth on Schedule 7.10, the ordinary course of business, Company shall not enter into or be a party to, or permit any Designated Subsidiary to enter into or be a party to to, any contract for the purchase of materials, supplies or other property or services, if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services.

Appears in 1 contract

Samples: Credit Agreement (LKQ Corp)

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