HomeMy WebLinkAbout0324 ~ ~ c ~
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2.2 Enter into any mergcr or consolidation with any
' ~ other partp, or lease or sell all or substantially
all of its assets or business;
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2.3 Retire, purchase or redeem any capital stock of _ ~
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the CO~1PA.'v'~i nor or hereafter issued and outstanding; ~
2.4 Reclassify, reorganize, recapitalize or in any #
way change the present capital and stock structure .
of the COyPr1NY, or issue any additional shares of
stock of the CO?tiPA~'~IY;
2.5 Dissolve or liquidate the CO:iPANY unless the
' conditions and provisions in Paragraph 4 of the
Agreec~ent of Sale dated ~ , 1974
- are fully co~plied with and met~;
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. 2.6 Pay compensation or reimburse expenses to the
officers of the CO?NPANY which in the aggregate are ~
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more than the total amount of co~npensa~ion and re- ?
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imbursed exp~nses paid to the officers of the CO~i- ~
~ PANY cvith respect to the last full fiscal year of fi
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j the CO'•.NPANY immediately preceding the date hereof. `
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~ In the event of default in the payment of any installment of in-
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~ terest or principal, or in the event of default in the performance of
~ any orher of the covenants and conditions of ehis note, and the continu-
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~ ance of such default after thirty (30) days written notice thereof to the
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" undersigned, or in the~event the undersigned or the CO`iPANY be the sub-
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; ject of any insolvency or debtor's proceeding comm,enced in good faith ~
; and on reasonable cause, or in the event that any foreclosure proceeding
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g i~ instituted against any of the COMPANY'S assets, or any eaecution run
against or lien placed on any of said assets, or in the event that the -
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~ aooK 2~ PAGE 324
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