Forbidden Acts Sample Clauses
The Forbidden Acts clause defines specific actions or behaviors that are expressly prohibited under the agreement. Typically, this clause lists activities such as illegal conduct, misuse of confidential information, or actions that could harm the other party’s interests or reputation. By clearly outlining what is not allowed, the clause helps prevent misunderstandings and provides a basis for enforcement or remedies if a party engages in prohibited conduct.
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Forbidden Acts. The User will not do, or permit to be done, anything in or upon any portion of the premises or bring anything therein which will in any way conflict with the condition of any insurance policy upon the building. The User will not operate any engine or motor or machinery on the premises or use oils, burning fluids, kerosene or gasoline for mechanical or other purposes without the written consent of the Management.
Forbidden Acts. No partner shall:
a) Have the right or authority to bind or obligate the partnership to any extent whatsoever with regard to any matter outside the scope of the partnership purpose.
b) Except as provided in Section 18A, without the unanimous consent of all the other partners, assign, transfer, pledge, mortgage or sell all or part of his/her interest in the partnership to any other partner or other person whomsoever, or enter into any agreement as the result of which any person or persons not a partner shall become interested with him in the partnership.
c) Purchase an investment for the partnership where less than the full purchase price is paid for same.
d) Use the partnership name, credit or property for other than partnership purposes.
e) Do any act detrimental to the interest of the partnership or which would make it impossible to carry on the purpose of the partnership.
Forbidden Acts. Customer agrees not to copy, distribute, sell, reproduce, alter, enhance, modify, and reverse engineer or use for any purpose other than the legitimate purposes authorized by this Agreement, any Vendor Protected Property. Customer also agrees not to develop comparable or competitive products.
Forbidden Acts. No Partner shall:
Forbidden Acts. For the TERM of this PARTNERSHIP AGREEMENT, no PARTNER may:
Forbidden Acts. No Member may do any act in contravention of this Agreement.
Forbidden Acts. No partner shall:
(A) Have the right or authority to bind or obligate PI to any matter outside the scope of PI's purpose.
(B) Without the unanimous consent of all partners, assign, transfer, pledge, mortgage, or sell all or part of their interest in PI.
(C) Purchase an investment for PI outside a PI brokerage account established under authority of Section 14 of this Partnership Agreement.
(D) Use PI's name, credit, or property for other than PI's purposes.
(E) Do anything detrimental to the interests of PI or which would make it impossible to carry on PI 's purpose.
Forbidden Acts. You cannot sell, mortgage, pawn, pledge, encumber, or dispose of the Property. You cannot move the Property from the address above without our consent. With our consent, you can move the Property, but you will assume all costs associated with it. You cannot assign your rights in this Agreement without our prior written consent. Each of these acts is a breach of this Agreement.
Forbidden Acts. No Partner shall:
a. Have the right or authority to bind or obligate the Partnership to any extent whatsoever with regard to any matter outside the scope of the Partnership purpose.
b. Assign, transfer, pledge, mortgage or sell all or part of his/her interest in the Partnership to any other Partner or other person whomsoever, or enter into any agreement as the result of which any person or persons not a Partner shall become interested with her/him in the Partnership.
c. Purchase an investment for the Partnership where less than the full purchase price is paid for same.
d. Use the Partnership name, credit or property for other than Partnership purposes.
e. Do any act detrimental to the interests of the Partnership or which would make it impossible to carry on the business or affairs of the Partnership.
Forbidden Acts. No partner shall:
a. Have the right or authority to bind or obligate the partnership to any extend whatsoever with regard to any matter outside of the scope of the partnership agreement.
b. Except as provided in Section 13 & 14, without the majority consent of all the other partners, assign, pledge, mortgage, or sell all or part of his interest in the partnership to any other partners or other person whosoever, or enter into any agreement as the result of which any person or persons not a partner shall become interested with him/her in the partnership.
c. Purchase an investment for the partnership where less than the full purchase price is paid for the same.
d. Use the partnership name, credit, or property for other than partnership purposes.
e. Do any act detrimental to the interests of the partnership or which would make it impossible to carry on the purpose of the partnership. By consent of a majority vote, the following amendments to the Heirs United Investment Club’s Partnership Agreement were made at the 3rd Annual Meeting, Saturday, August 26, 2000. The Amendments are as follows:
1. Section 16 Open Season was increased from the original restrictive membership clause which limited membership to fifteen (15) members to an unlimited number of members.
2. A Guardianship Voting Appointment was created to allow the contributor of a minor’s capital to vote on behalf of the minor.
3. The minimum contribution increase in Section 6 Capital Contributions of $35 per month, $105 per quarter, and $420 per years, effective September 1, 2001 was reduced to $25 per month, $75 per quarter, and $300 per year. During the 4th Annual Meeting, August 25, 2001, two (2) amendments to the Heirs United Investment Club’s Partnership Agreement were made, which are as follows: