NEGATIVE COVENANTS OF THE COMPANY AND ITS SUBSIDIARIES Clause Samples

NEGATIVE COVENANTS OF THE COMPANY AND ITS SUBSIDIARIES. Without the prior written approval of Buyer, neither the Company nor any of its subsidiaries shall, between the date hereof and the Closing: (a) cause or permit to occur any of the events or occurrences described in Section 5.18 (Absence of Certain Events) of this Agreement; (b) dissolve, merge or enter into a share exchange with or into any other entity; (c) enter into any contract or agreement with any union or other collective bargaining representative representing any employees without the prior written consent of Buyer, which consent shall not be unreasonably withheld; (d) sell off any Assets other than in the ordinary course of business; or (e) make any change to their by-laws or articles of incorporation.