Conflicting Commitments. (a) From the date of execution of this Agreement and through and including such date which shall be the earlier to occur of (a) the five (5) Business Days following the WiMAX License Renewal Date, or (b) the termination of this Agreement by mutual agreement of the Parties prior to such WiMAX Renewal Date, except and then only to the extent otherwise provided in Section 4.14 of this Agreement, neither the Company, Trussnet, nor any officer, director, shareholder, financial advisor or other Affiliate of any of the Company or Trussnet, shall (i) enter into any legally binding agreement, commitment, or other arrangement that would involve the issuance and sale or transfer of any securities of the Company or of any of the material assets or properties of the Company or Trussnet (whether by stock sale, asset sale, merger, joint venture, consolidation or like combination), or (ii) enter into any other legally binding arrangements or agreements that could reasonably be expected to make the transactions contemplated by this Agreement impossible or impracticable (each a “Conflicting Commitment”).
Appears in 4 contracts
Samples: Stock Purchase Agreement (China Tel Group Inc), Stock Purchase Agreement (Asia Special Situation Acquisition Corp), Stock Purchase Agreement (Asia Special Situation Acquisition Corp)
