No Contracts or Commitments. There are no agreements, covenants, undertakings or other commitments of IsoTis or any IsoTis Subsidiary, including partnerships or joint ventures of which any of them is a partner or member, under which the consummation of the Arrangement would
(i) have the effect of imposing restrictions or obligations on IsoTis or an IsoTis Subsidiary materially greater than those imposed upon IsoTis or the IsoTis Subsidiary or any such partnership or joint venture at the date hereof,
(ii) give a third party a right to terminate any material agreement to which IsoTis or an IsoTis Subsidiary or any such partnership or joint venture is a party or to purchase any of their respective assets,
(iii) impose material restrictions on the ability of IsoTis or an IsoTis Subsidiary to carry on any business which it might choose to carry on within any geographical area, to acquire property or dispose of its property and assets in their entirety or to change its corporate status, or
(iv) impose material restrictions on the ability of IsoTis or an IsoTis Subsidiary to pay dividends or make distributions to its shareholders or to borrow money and to mortgage and pledge its property as security therefor.
No Contracts or Commitments. Except as disclosed in the Company Disclosure Letter, there are no Contracts, covenants, undertakings or other commitments of or on behalf of the Company under which the completion of the Arrangement or the other transactions contemplated herein would: (i) have the effect of imposing restrictions or obligations on the Company; or (ii) impose restrictions on the ability of the Company to pay any dividends or make other distributions to its shareholders.
No Contracts or Commitments. There are no agreements, covenants, undertakings or other commitments of or on behalf of the Company or any Company Subsidiary under which the completion of the Arrangement or other transactions contemplated herein would:
(i) have the effect of imposing material restrictions or obligations on the Company;
(ii) give a third party a right to terminate any Company Contract to which the Company or any Company Subsidiary is a party and pursuant to which the Company or any Company Subsidiary is or may be entitled to receive future payments in excess of US$25,000, or without which the Company or any Company Subsidiary would be unable to conduct its business as currently conducted in all material respects;
(iii) impose restrictions on the ability of the Company or any Company Subsidiary to pay any dividends or make other distributions to its shareholders; or
(iv) otherwise, individually or in the aggregate, have a Material Adverse Effect on the Company.
No Contracts or Commitments. There are no agreements, covenants, undertakings or other commitments of or on behalf of Richmont under which the completion of the Arrangement or the other transactions contemplated herein would: (i) have the effect of imposing restrictions or obligations on Richmont; (ii) give a third party a right to terminate any Authorization with respect to the Richmont Property or the Richmont Mineral Rights; or (iii) impose restrictions on the ability of Richmont to pay any dividends or make other distributions to its shareholders.
No Contracts or Commitments. There are no agreements, covenants, undertakings or other commitments of or on behalf of Orezone, New Orezone or any of the Orezone Subsidiaries under which the completion of the Arrangement or other transactions contemplated herein would:
(i) have the effect of imposing restrictions or obligations on Orezone, New Orezone of any of the Orezone Subsidiaries;
(ii) give a third party a right to terminate any permit with respect to the Essakane Property or a right to terminate any Essakane Contract to which Orezone or any of the Orezone Subsidiaries is a party or to which any agent or consultant acting on behalf of any of the foregoing, is a party; or
(iii) impose restrictions on the ability of Orezone or any of the Orezone Subsidiaries to pay any dividends or make other distributions to its shareholders.
No Contracts or Commitments. There are no agreements, covenants, undertakings or other commitments of or on behalf of Carlisle under which the completion of the Arrangement or other transactions contemplated herein would: (i) except as disclosed in the Carlisle Disclosure Letter, have the effect of imposing restrictions or obligations on Carlisle; (ii) except as disclosed in the Carlisle Disclosure Letter, give a third party a right to terminate any Authorization with respect to the Carlisle Property or the Carlisle Mineral Rights; or (iii) impose restrictions on the ability of Carlisle to pay any dividends or make other distributions to its shareholders.
No Contracts or Commitments. There are no agreements, covenants, undertakings or other commitments of Bonanza or any Bonanza Subsidiary, including partnerships or joint ventures of which any of them is a partner or member, under which the consummation of the Arrangement would
(i) have the effect of imposing restrictions or obligations on Bonanza or a Bonanza Subsidiary materially greater than those imposed upon Bonanza or the Bonanza Subsidiary or any such partnership or joint venture at the date hereof,
(ii) give a third party a right to terminate any material agreement to which Bonanza or a Bonanza Subsidiary or any such partnership or joint venture is a party or to purchase any of their respective assets,
(iii) impose material restrictions on the ability of Bonanza or a Bonanza Subsidiary to carry on any business which it might choose to carry on within any geographical area, to acquire property or dispose of its property and assets in their entirety or to change its corporate status, or
(iv) impose material restrictions on the ability of Bonanza or a Bonanza Subsidiary to pay dividends or make distributions to its shareholders or to borrow money and to mortgage and pledge its property as security therefor.
No Contracts or Commitments. There are no agreements, covenants, undertakings or other commitments of Taurus or a Taurus Subsidiary, including partnerships or joint ventures of which any of them is a partner or member, under which the consummation of the Arrangement would
(i) have the effect of imposing restrictions or obligations on Taurus or a Taurus Subsidiary materially greater than those imposed upon Taurus or the Taurus Subsidiary or any such partnership or joint venture at the date hereof except as relate to the Xxxxxxx Project and the Xxxxxxx Litigation as herein disclosed,
(ii) give a third party a right to terminate any material agreement to which Taurus or a Taurus Subsidiary or any such partnership or joint venture is a party or to purchase any of their respective assets,
(iii) impose material restrictions on the ability of Taurus or a Taurus Subsidiary to carry on any business which it might choose to carry on within any geographical area, to acquire property or dispose of its property and assets in their entirety or to change its corporate status, or
(iv) impose material restrictions on the ability of Taurus or a Taurus Subsidiary to pay any dividends or make other distributions to its shareholders or to borrow money and to mortgage and pledge its property as security therefor.
No Contracts or Commitments. Neither SCC nor any Subsidiary shall enter --------------------------- into any contract relating to the Businesses, the Company-Owned Cafes or the Systems extending beyond the date of the Closing with either (i) a value in excess of $50,000 or (ii) which cannot be terminated by SCC or the Subsidiary without cost or penalty upon no more than sixty (60) days written notice, without AFC's written approval, including without limitation Franchise Agreements and Development Agreements.
No Contracts or Commitments. There are no agreements, covenants, undertakings or other commitments of or on behalf of Peregrine or any of the Peregrine Subsidiaries under which the completion of the Arrangement or other transactions contemplated herein would:
(i) have the effect of imposing restrictions or obligations on Peregrine or any of the Peregrine Subsidiaries;
(ii) give a third party a right to terminate any permit with respect to the Material Property; or
(iii) impose restrictions on the ability of Peregrine or any of the Peregrine Subsidiaries to pay any dividends or make other distributions to its shareholders.
