Long Term Contracts. No BORROWER shall enter into any management contract, employment contract, consulting contract, non-competition contract, service contract or the like, having a term in excess of thirteen (13) months or requiring the payment of any monies by any of the BORROWERS on a date occurring more than thirteen (13) months after the date of such contract with any AFFILIATE.
Appears in 2 contracts
Sources: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Avatech Solutions Inc)
Long Term Contracts. No BORROWER GUARANTOR shall enter into any management contract, employment contract, consulting contract, non-competition contract, service contract or the like, having a term in excess of thirteen (13) months or requiring the payment of any monies by any of the BORROWERS GUARANTORS on a date occurring more than thirteen (13) months after the date of such contract with any AFFILIATE.
Appears in 1 contract
Sources: Secured Guaranty Agreement (Imtek Office Solutions Inc)
Long Term Contracts. No BORROWER Neither of the BORROWERS shall enter into any management contract, employment contract, consulting contract, non-competition contract, service contract or the like, having a term in excess of thirteen (13) months or requiring the payment of any monies by any either of the BORROWERS on a date occurring more than thirteen (13) months after the date of such contract with any AFFILIATE.
Appears in 1 contract
Sources: Loan and Security Agreement (Imtek Office Solutions Inc)
Long Term Contracts. No The BORROWER shall not enter into any management contract, employment contract, consulting contract, non-competition contract, service contract or the like, having a term in excess of thirteen (13) months or requiring the payment of any monies by any of the BORROWERS BORROWER on a date occurring more than thirteen (13) months after the date of such contract with any AFFILIATE.
Appears in 1 contract