Common use of Additional Negative Covenants Clause in Contracts

Additional Negative Covenants. Not to, without the Bank’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 7 contracts

Sources: Loan Agreement (Schmitt Industries Inc), Loan Agreement (Unilens Vision Inc), Loan Agreement (Eloyalty Corp)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s 's present business. (d) Liquidate or dissolve the Borrower’s 's business.

Appears in 5 contracts

Sources: Loan Agreement (Mechanical Technology Inc), Loan Agreement (Scientific Industries Inc), Loan Agreement (Saker Aviation Services, Inc.)

Additional Negative Covenants. Not to, without the BankWithout Lender’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability companycombination with any other entity. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 3 contracts

Sources: Loan Agreement, Loan Agreement (Odyssey Marine Exploration Inc), Loan Agreement (Odyssey Marine Exploration Inc)

Additional Negative Covenants. Not to, without the BankLender’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business. (e) Voluntarily suspend its business.

Appears in 3 contracts

Sources: Loan Agreement (Roadhouse Grill Inc), Loan Agreement (Roadhouse Grill Inc), Loan Agreement (Roadhouse Grill Inc)

Additional Negative Covenants. Not to, without the Bank’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 3 contracts

Sources: Real Estate Loan Agreement, Note and Agreement (Premier Exhibitions, Inc.), Real Estate Loan Agreement (Diversified Restaurant Holdings, Inc.)

Additional Negative Covenants. Not to, without the BankWithout Lender’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability companycombination with any other entity. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s present business. (dc) Liquidate or dissolve the Borrower’s business.

Appears in 2 contracts

Sources: Loan Agreement (Odyssey Marine Exploration Inc), Loan Agreement (Odyssey Marine Exploration Inc)

Additional Negative Covenants. Not to, without the Bank’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business. (e) Voluntarily suspend the Borrower’s business.

Appears in 2 contracts

Sources: Loan Agreement (Technical Communications Corp), Loan Agreement (Insys Therapeutics, Inc.)

Additional Negative Covenants. Not to, without the Bank’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assetsassets for a consideration, including assumption of direct or contingent debt, in excess of Three Million Dollars ($3,000,000) in the aggregate. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 1 contract

Sources: Loan Agreement (Annas Linen Co)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, amalgamation, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s Related Parties’ present business. (d) Liquidate or dissolve the Borrowerany Related Party’s business. (e) Voluntarily suspend its business.

Appears in 1 contract

Sources: Loan Agreement (CUI Global, Inc.)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s Borrowers' present businessbusinesses. (d) Liquidate or dissolve either of the Borrower’s businesses. (e) Sell, lease, assign or otherwise dispose of or transfer any assets, except in the normal course of business.

Appears in 1 contract

Sources: Loan Agreement (Mexco Energy Corp)

Additional Negative Covenants. Not to, without the Bank’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability companycompany other than CET. (b) Acquire or purchase a business or its assets. (c) Engage Change the general character of the business of the Borrower as conducted on the date of this Agreement or engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 1 contract

Sources: Loan Agreement (Cumberland Pharmaceuticals Inc)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s 's present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 1 contract

Sources: Business Loan Agreement (California Water Service Group)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s 's present business. (d) Liquidate or dissolve the Borrower’s 's business. (e) Purchase or enter into any agreement for the bulk purchase of leases.

Appears in 1 contract

Sources: Loan Agreement (California First National Bancorp)

Additional Negative Covenants. Not toNot, without the Bank’s 's written consent: : (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. company other than as permitted by Section 9.12(c). (b) Acquire or purchase a business or its assetsassets other than as permitted by Section 9.12(c). (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 1 contract

Sources: Credit Agreement (Tejon Ranch Co)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (ai) Enter into any consolidation, merger, or other combination, or (ii) become a partner in a partnership, a member of a joint venture, or a member of a limited liability companycompany where the aggregate amount invested exceeds One Million Dollars ($1,000,000). (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s 's present business. (d) Liquidate or dissolve the Borrower’s 's business.

Appears in 1 contract

Sources: Business Loan Agreement (Calavo Growers Inc)

Additional Negative Covenants. Not to, without the Bank’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assetsassets for a consideration, including assumption of direct or contingent debt (except as permitted in Paragraph 7.11(b) of this Agreement). (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 1 contract

Sources: Loan Agreement (K Swiss Inc)

Additional Negative Covenants. Not to, nor permit any subsidiary to, without the Bank’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or Voluntarily suspend its assetsbusiness, except that the Borrower may, at any time, dissolve Clovest Corp. and Community Realty, LLC. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 1 contract

Sources: Business Loan Agreement (Central Valley Community Bancorp)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the each Borrower’s 's present business. (d) Liquidate or dissolve the any Borrower’s 's business. (e) Purchase or enter into any agreement for the bulk purchase of leases.

Appears in 1 contract

Sources: Loan Agreement (California First National Bancorp)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s 's present business. (d) Liquidate Liquidate, dissolve or dissolve voluntarily suspend the Borrower’s Borrowers business. (e) Voluntarily suspend its business.

Appears in 1 contract

Sources: Loan Agreement (Decorize Inc)

Additional Negative Covenants. Not to, without the Bank’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business business(es), or its their assets, for an aggregate consideration during the term of this Agreement greater than $5,000,000. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 1 contract

Sources: Loan Agreement (KVH Industries Inc \De\)

Additional Negative Covenants. Not to, without the Bank’s 's prior written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage engage in any business activities substantially different from the Borrowers' present businesses. (b) liquidate or dissolve any Borrower’s present 's business. (dc) Liquidate enter into any consolidation, merger, pool, joint venture, syndicate, or dissolve the Borrower’s businessother combination.

Appears in 1 contract

Sources: Commercial Loan Agreement (Arlen Corp)

Additional Negative Covenants. Not to, without the BankLender’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability companycombination with any other entity. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 1 contract

Sources: Loan Agreement (Odyssey Marine Exploration Inc)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the each Borrower’s 's present business. (d) Liquidate or dissolve the any Borrower’s 's business.

Appears in 1 contract

Sources: Loan Agreement (Air T Inc)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: : (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 1 contract

Sources: Loan Agreement (Air T Inc)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability companycompany other than with any Guarantor. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s 's present business. (d) Liquidate Liquidate, suspend, or dissolve the Borrower’s 's business.

Appears in 1 contract

Sources: Loan Agreement (Pebblebrook Hotel Trust)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assetsassets for a consideration, including assumption of direct or contingent debt, in excess of Twenty Million Dollars ($20,000,000) in the aggregate. (c) Engage in any business activities substantially different from the Borrower’s 's present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 1 contract

Sources: Loan Agreement (Cohu Inc)

Additional Negative Covenants. Not to, without the Bank’s written consent: (a) Enter into Consummate any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company.; (b) Acquire or purchase a business or its assets.; (c) Engage in any business activities substantially different from the Borrower’s present business.; or (d) Liquidate or dissolve the Borrowerany Obligor’s business; except, in each case, to the extent expressly permitted under Section 6.03 of the Revolving Credit Agreement.

Appears in 1 contract

Sources: Loan Agreement (Royalty Pharma PLC)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) a. Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability companycombination unless an Obligor is the survivor thereof. (b) b. Acquire or purchase a business or its assetsassets other than a Permitted Acquisition. (c) c. Engage in any business activities substantially different from the Borrower’s Obligors’ present business. (d) d. Liquidate or dissolve the Borrowerany Obligor’s business.

Appears in 1 contract

Sources: Loan Agreement (Natures Sunshine Products Inc)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

Appears in 1 contract

Sources: Loan Agreement (Key Technology Inc)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assetsassets in any manner prohibited by the Syndicated Credit. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business. (e) Voluntarily suspend its business for more than 2 days.

Appears in 1 contract

Sources: Bridge Loan Agreement (Coast Casinos Inc)

Additional Negative Covenants. Not to, without the Bank’s 's written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s 's present business. (d) Liquidate or dissolve the Borrower’s 's business.

Appears in 1 contract

Sources: Loan Agreement (Tel Instrument Electronics Corp)