Common use of No Avoidance of Obligations Clause in Contracts

No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the Subsidiaries not to, enter into any agreement which would limit or restrict the Company’s or any of the Subsidiaries’ ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Notes or the other Transaction Documents.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Sonterra Resources, Inc.), Securities Purchase Agreement (South Texas Oil Co), Securities Purchase Agreement (South Texas Oil Co)

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No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the its Subsidiaries not to, enter into any agreement which would limit or restrict the Company’s or any of the its Subsidiaries’ ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Notes or and the other Transaction Documents.

Appears in 3 contracts

Samples: Security Agreement (Cumulus Investors LLC), Securities Purchase Agreement (Mru Holdings Inc), Securities Purchase Agreement (Averion International Corp.)

No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the its Subsidiaries not to, enter into any agreement which would limit or restrict the Company’s or any of the its Subsidiaries’ ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Notes or Notes, the Warrants and the other Transaction Documents.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Kaching Kaching, Inc.), Securities Purchase Agreement (Duke Mining Company, Inc.), Securities Purchase Agreement (Evolution Resources, Inc.)

No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the its Subsidiaries not to, enter into any agreement which would limit or restrict the Company’s or any of the its Subsidiaries’ ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Notes or Certificate of Designation and the other Transaction Documents.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Pipeline Data Inc), Stock Purchase Agreement (Pipeline Data Inc)

No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the its Subsidiaries and Foreign Subsidiaries not to, enter into any agreement which would limit or restrict the Company’s or any of the its Subsidiaries’ or Foreign Subsidiaries’ ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Notes or and the other Transaction Documents.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Averion International Corp.), Security Agreement (Cumulus Investors LLC)

No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the Subsidiaries not to, enter into any agreement which would limit or restrict the Company’s or any of the Subsidiaries’ ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Senior Notes or the other Transaction Documents.

Appears in 2 contracts

Samples: Securities Exchange Agreement (Sonterra Resources, Inc.), Securities Exchange Agreement (Sonterra Resources, Inc.)

No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the its Subsidiaries not to, enter into any agreement which would limit or restrict the Company’s or any of the its Subsidiaries’ ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Notes or Agreement and the other Transaction Documents.

Appears in 1 contract

Samples: Contribution Agreement (Elandia International Inc.)

No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the Subsidiaries subsidiaries not to, enter into any agreement which would limit or restrict the Company’s or any of the Subsidiariessubsidiaries’ ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Notes or Warrants, the Certificate of Designations, and the other Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (LENSAR, Inc.)

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No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the Subsidiaries not to, enter into any agreement which would limit or restrict the Company’s or any of the Subsidiaries’ ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Notes or Warrants, the Certificate of Designations, the other Transaction Documents and the HRP Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Stereotaxis, Inc.)

No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the Subsidiaries not to, enter into any agreement which would limit or restrict the Company’s or any of the Subsidiaries’ ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Notes or Agreement and the other Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Celsus Therapeutics Plc.)

No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the Subsidiaries not to, enter into any agreement which would limit or restrict the Company’s 's or any of the Subsidiaries' ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Notes or the other Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (South Texas Oil Co)

No Avoidance of Obligations. During the Reporting Period, the Company shall not, and shall cause each of the Subsidiaries not to, enter into any agreement which would limit or restrict the Company’s or any of the Subsidiaries’ ability to perform under, or take any other voluntary action to avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it under, this Agreement, the Bridge Notes or the other Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (South Texas Oil Co)

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