Common use of Financing Limitations Clause in Contracts

Financing Limitations. The Company will not, and will not permit its Subsidiaries to, agree, directly or indirectly, to any restriction with any person or entity which limits the ability of the Company or any of its Subsidiaries to incur any additional indebtedness from the Purchaser and/or sell or issue any equity interests of the Company or any of its Subsidiaries to the Purchaser.

Appears in 3 contracts

Sources: Securities Purchase Agreement (National Investment Managers Inc.), Securities Purchase Agreement (Fast Eddie Racing Stables Inc), Securities Purchase Agreement (National Investment Managers Inc.)