Common use of Modification or Breach of Agreements; New Agreements Clause in Contracts

Modification or Breach of Agreements; New Agreements. Seller shall not terminate or modify, or commit or cause any act that will result in any breach or violation of or constitute a default under (with or without notice or passage of time, or both) or otherwise give any Person a basis for nonperformance under, any indenture, mortgage, deed of trust, loan or credit agreement, lease, license or other agreement, instrument, arrangement or understanding, written or oral, disclosed in this Agreement or the exhibits hereto. Seller shall not become a party to any contract or commitment other than in the ordinary course. Seller shall meet all of its contractual obligations in accordance with their respective terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Trans Lux Corp)

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Modification or Breach of Agreements; New Agreements. The Seller shall not terminate or modify, or commit or cause any act that will result in any breach or violation of or constitute a default under (with or without notice or passage of time, or both) or otherwise give any Person a basis for nonperformance under, any indenture, mortgage, deed of trust, loan or credit agreement, lease, license or other agreement, instrument, arrangement or understanding, written or oral, disclosed in this Agreement or the exhibits Schedules hereto. The Seller shall not become a party to any contract or commitment other than in the ordinary courseOrdinary Course. The Seller shall meet all of its contractual obligations in accordance with their respective terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Matria Healthcare Inc)

Modification or Breach of Agreements; New Agreements. The Seller shall not terminate or modify, or commit or cause or suffer to be committed any act that will result in any breach or violation of or constitute a default under (with or without notice or passage of time, or both) or otherwise give any Person a basis for nonperformance under, any indenture, mortgage, deed of trust, loan or credit agreement, lease, license or other agreement, instrument, arrangement or understanding, written or oral, disclosed in this Agreement or the exhibits Schedules hereto. The Seller shall not become a party to any contract or commitment other than in the ordinary courseOrdinary Course. The Seller shall meet all of its contractual obligations in accordance with their respective terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Matria Healthcare Inc)

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Modification or Breach of Agreements; New Agreements. No Seller ---------------------------------------------------- shall not terminate or modify, or commit or cause or suffer to be committed any act that will result in any breach or violation of or constitute a default under (with or without notice or passage of time, or both) or otherwise give any Person a basis for nonperformance under, any indenture, mortgage, deed of trust, loan or credit agreement, lease, license or other agreement, instrument, arrangement or understanding, written or oral, disclosed in this Agreement or the exhibits Schedules hereto. No Seller shall not become a party to any contract or commitment other than in the ordinary courseOrdinary Course. Each Seller shall meet all of its contractual obligations in accordance with their respective terms.

Appears in 1 contract

Samples: Purchase Agreement (Hines Horticulture Inc)

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