Common use of Subsequent Debt Clause in Contracts

Subsequent Debt. Subject to Section 4.12, neither the Company nor any Subsidiary shall without the prior written consent of Purchasers, which consent will not be unreasonably withheld, incur any Indebtedness equal to or greater than US$100,000 or enter into any agreement to incur or announce to incur any Indebtedness equal to or greater than US$100,000, in each case, other than for which such proceeds received from such Indebtedness are used to repay the Notes in full, provided, that with respect to any Subsidiary that is not wholly-owned or majority-owned by the Company, such consent will not be required.

Appears in 1 contract

Sources: Securities Purchase Agreement (Color Star Technology Co., Ltd.)

Subsequent Debt. Subject to Section 4.12, neither the Company nor any Subsidiary shall without the prior written consent of Purchasers, which consent will not be unreasonably withheld, incur any Indebtedness equal to or greater than US$100,000 or enter into any agreement to incur or announce to incur any Indebtedness equal to or greater than US$100,000, in each case, other than for which such proceeds received from such Indebtedness are used to repay the Notes in fullIndebtedness, provided, that with respect to any Subsidiary that is not wholly-owned or majority-owned by the Company, such consent will not be required.

Appears in 1 contract

Sources: Securities Purchase Agreement (Meihua International Medical Technologies Co., Ltd.)