Without Bank s prior written consent, Borrower shall not borrow any money, or otherwise become directly or indirectly obligated, other than for trade credit in the ordinary course of business and the existing indebtedness listed on EXHIBIT D attached hereto, and Borrower shall not guarantee, endorse, or assume, either directly or indirectly, any indebtedness of any other corporation, person, or entity.
Without Bank s prior written consent, Borrower shall not declare or pay any dividends or bonuses (unless payable in shares of a Borrower) upon its outstanding shares, and Borrower shall not redeem, purchase or in any manner acquire any of such outstanding shares.
Without Bank s prior written consent, Owner may not trade financial assets maintained in the Securities Account.
Without Bank s Prior written consent, Borrower shall not make any loan or advance to any Person, or purchase or otherwise acquire any capital stock, assets, obligations, or other securities of, make any capital contribution to, or otherwise invest in or acquire any interest in any Person, or participate as a partner or joint venturer with any other Person, except: (1) direct obligations of the United States or any agency thereof with maturities of one year or less from the date of acquisition; (2) commercial paper of a domestic issuer rated at least "A-1" by Standard & Poor's Corporation or "P-1" by Xxxxx'x Investors Service, Inc.; (3) certificates of deposit with maturities of one year or less from the date of acquisition; (4) stock, obligations, or securities received in settlement of debts (created in the ordinary course of business) owing to the Borrower; (5) investments made through Bank or one of its affiliates, and (6) as provided for in Section 0.
Without Bank s written consent Borrower shall not: (i) engage in any business activities substantially different from Borrower’s present business; (ii) liquidate or dissolve its business; (iii) enter into any consolidation, merger, pool, joint venture, syndicate, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company; (iv) sell, lease, transfer or dispose of all or a substantial part of its property, except in the ordinary course of its business; (v) sell, assign, lease, transfer or otherwise dispose of any assets for less than fair market value, or enter into any agreement to do so; (vi) grant a security interest in, assign, sell or transfer any of the stock pledged pursuant to the Pledge Agreement or permit, grant or suffer a lien, claim or encumbrance upon any of such collateral; (vii) allow or otherwise permit one or more persons or entities who are not currently owners of the capital stock of QC Holdings or whose stock is not pledged pursuant to the Pledge Agreement to acquire fifty percent (50%) or more of the capital stock of QC Holdings (by value or voting control) or allow or otherwise permit persons who are not currently members of the Board of Directors of QC Holdings to become a majority of the members of such Board of Directors; and (viii) allow the charter of any entity comprising Borrower to be amended, or take or cause to be taken any action which would result in the change of the state of organization of any such entity.
Without Bank s prior written consent, no Borrower shall permit or agree to any payment extension with respect to any Receivable other than in the ordinary course of business nor permit or agree to any modification or compromise with respect to any Receivable other than in the ordinary course of business.
Without Bank s prior written consent: if Borrower is a corporation, Borrower's shareholders of record as of the Closing Date shall cease to own a majority of the voting interest in Borrower; or any change shall occur in the executive management or managing partner(s) of Borrower; or any change shall occur in the corporate or legal structure of Borrower.
Without Bank s prior written consent, Borrowers shall not make in any calendar year capital expenditures or contracts for capital expenditures together aggregating in excess of $2,000,000.00.
Without Bank s prior approval, Borrower shall not:
Without Bank s prior written consent, Borrower shall not declare or pay any dividends; or purchase, redeem, retire, or otherwise acquire for value any of its capital stock now or hereafter outstanding; or make any distribution of assets to its shareholders as such whether in cash, assets, or in obligations of the Borrower; or allocate or otherwise set apart any sum for the payment of any dividend or distribution on, or for the purchase, redemption, or retirement of any shares of its capital stock; or make any other distribution by reduction of capital or otherwise in respect of any shares of its capital stock, except that the Borrower (1) may declare and deliver dividends and make distributions payable solely in common stock of the Borrower; and (2) may purchase or otherwise acquire shares of its capital stock by exchange for or out of the proceeds received from a substantially concurrent issue of new shares of its capital stock.
