Common use of No Change in Operations Clause in Contracts

No Change in Operations. Except as agreed to in writing by the Purchaser, the Corporation shall not and the Vendors shall take such steps as may be necessary to cause the Corporation not to: 10.1.13.1 acquire or agree to acquire any assets or acquire or agree to acquire by amalgamating, merging or consolidating with, purchasing substantially all of the assets of or otherwise, any business or any corporation, partnership, association or other business organization or division thereof; 10.1.13.2 agree to sell, lease or otherwise dispose of or grant any option with respect to any of its assets; 10.1.13.3 guarantee the payment of indebtedness or incur indebtedness for money borrowed or issue any debt securities; or 10.1.13.4 grant any director, any officer or any employee who has a policy making function or who manages a principal business unit, any increase in compensation or in severance or termination pay (whether or not such compensation or pay is payable in cash), or enter into any employment agreement with any such director, officer or employee, or hire or promote any Person, except in the ordinary course of business.

No Change in Operations. Except as agreed to in writing by the Purchaser, the Corporation Corporations shall not and the Vendors shall take such steps as may be necessary to cause the Corporation Corporations not to: 10.1.13.1 acquire or agree to acquire any assets or acquire or agree to acquire by amalgamating, merging or consolidating with, purchasing substantially all of the assets of or otherwise, any business or any corporationCorporations, partnership, association or other business organization or division thereof; 10.1.13.2 agree to sell, lease or otherwise dispose of or grant any option with respect to any of its assets; 10.1.13.3 guarantee the payment of indebtedness or incur indebtedness for money borrowed or issue any debt securities; or 10.1.13.4 grant any director, any officer or any employee who has a policy making function or who manages a principal business unit, any increase in compensation or in severance or termination pay (whether or not such compensation or pay is payable in cash), or enter into any employment agreement with any such director, officer or employee, or hire or promote any Person, except in the ordinary course of business.

No Change in Operations. Except as agreed to in writing by the Purchaser, the Corporation shall not and the Vendors shall take such steps as may be necessary to cause the Corporation not to: 10.1.13.1 (a) acquire or agree to acquire any assets or acquire or agree to acquire by amalgamating, merging or consolidating with, purchasing substantially all of the assets of or otherwise, any business or any corporation, partnership, association or other business organization or division thereof; 10.1.13.2 (b) and will not agree to sell, lease or otherwise dispose of or grant any option with respect to any of its assets; 10.1.13.3 (c) guarantee the payment of indebtedness or incur indebtedness for money borrowed or issue any debt securities; or 10.1.13.4 (d) grant any director, any officer or any employee who has a policy making function or who manages a principal business unit, any increase in compensation or in severance or termination pay (whether or not such compensation or pay is payable in cash), or enter into any employment agreement with any such director, officer or employee, or hire or promote any Person, except in the ordinary course of business.