Common use of Covenants of the Partnership Clause in Contracts

Covenants of the Partnership. The Partnership hereby covenants to --------------------------- Stanford that the Partnership will not take any of the following actions prior to the exercise or expiration of all of the Warrants without the prior written consent of Stanford: (a) Amend or modify any of the provisions of the Partnership Agreement. (b) Issue any interests in the Partnership, other than the Interests to be issued pursuant to the terms of the Warrants. (c) Consolidate with or merge into any other person, or sell all or substantially all of its assets.

Appears in 2 contracts

Samples: Warrant Agreement (American Leisure Holdings, Inc.), Warrant Agreement (American Leisure Holdings, Inc.)

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Covenants of the Partnership. The Partnership hereby covenants to --------------------------- ---------------------------- Stanford that the Partnership will not take any of the following actions prior to the exercise or expiration of all of the Warrants without the prior written consent of Stanford: (a) Amend or modify any of the provisions of the Partnership Agreement. (b) Issue any interests in the Partnership, other than the Interests to be issued pursuant to the terms of the Warrants. (c) Consolidate with or merge into any other person, or sell all or substantially all of its assets.

Appears in 2 contracts

Samples: Warrant Agreement (American Leisure Holdings, Inc.), Warrant Agreement (American Leisure Holdings, Inc.)

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