No Disposal of Property. Except as expressly permitted in this Agreement, Seller will cause the Company to refrain from (a) disposing of any assets of the Company (including but not limited to any real property) and from permitting any of such assets to be subjected to any Liens, except for dispositions of assets in the ordinary course of business and consistent with past practice and except for non-consensual Liens imposed by operation of law, (b) entering into any contracts obligating the Company to administer or manage the operations of any other person and (c) entering 27 36 into any contracts permitting any person other than the Company to administer or manage the operations of the Company.
No Disposal of Property. Except as set forth in Section 5.10 of the Company Disclosure Schedule or as otherwise expressly provided in this Agreement, each of the Acquired Companies will refrain from (a) disposing of any of its Assets and Properties and from permitting any of its Assets and Properties to be subjected to any Liens, except to the extent any such disposition or any such Lien is made or incurred in the ordinary course of the business and consistent with past practice, (b) selling any material part of its insurance products, operations, or business to any third party (other than sales of insurance products in the ordinary course of business consistent with past practice), (c) entering into any Contracts obligating it to administer the insurance operations of any other Person, and (d) entering into any Contracts permitting any other Person to administer its insurance operations.
No Disposal of Property. Seller will cause the Companies to refrain from disposing of any assets or properties of the Companies and from permitting any assets or properties of the Companies to be subjected to any Liens, in each case, other than in the ordinary course of business.
No Disposal of Property. Except as consented to in writing by Buyer or as otherwise expressly provided in this Agreement, Seller will cause the Company not to (1) dispose of any of its Assets and Properties or permit any of its Assets and Properties to be subjected to any Encumbrances other than Permitted Exceptions, except to the extent any such disposition or any such Encumbrance is made or incurred in the ordinary course of the Business and consistent with past practice; (2) sell any material part of its insurance products, operations, or Business to any third party (other than sales of insurance products in the ordinary course of business consistent with past practice); (3) enter into any contracts obligating the Company to administer the insurance operations of any Person; or (4) enter into any contracts permitting any Person to administer the Company’s insurance operations.
No Disposal of Property. The Company will not (a) dispose of or assign any of the assets or permit any of its assets to be subjected to any Liens, except to the extent any such disposition does not exceed $1,000.00 in value or any such Lien is made or incurred in the ordinary course of the business consistent with past practice and custom, or (b) sell any part of its operations or the Business to any third party.
No Disposal of Property. Except as expressly provided in this Agreement and in a manner consistent with Section 4.03 hereof, Signature will not (i) dispose of or assign any of its assets or properties or permit any of its assets and properties to be subjected to any liens, easements, rights-of-way or other encumbrances except to the extent any such disposition or any such lien, easement, right-of-way or other encumbrance is made or incurred in the ordinary course of the business consistent with past practice and custom and is not material to the business, operations or assets of Signature or any of its Subsidiaries, or (ii) sell any material part of its operations or business to any third party.
No Disposal of Property. Except as set forth in Section 6.12 of the Disclosure Schedule or as otherwise expressly provided in this Agreement, each of the Acquired Companies will refrain from (a) disposing of any of its Assets and Properties and from permitting any of its Assets and Properties to be subjected to any Liens, except to the extent any such disposition or any such Lien is made or incurred in the ordinary course of the business and consistent with past practice, (b) selling any material part of its insurance products, operations, or business to any third party (other than sales of insurance products in the ordinary course of business consistent with past practice), (c) entering into any contracts obligating it to administer the insurance operations of any other Person, and (d) entering into any Contracts permitting any other Person to administer its insurance operations.
No Disposal of Property. Except as contemplated in this Agreement, ----------------------- the Selling Group Shareholders shall not permit or cause SSII, SPII, NWI, or NII to (i) dispose of or assign any of its assets or properties or permit any of the assets or properties of SSII, SPII, NWI, or NII to be subjected to any liens, except to the extent any such disposition or lien is made or incurred in the ordinary course of business consistent with past practice, or (ii) sell any part of its operations or business to any third party.
No Disposal of Property. Except as set forth in SECTION 5.14 OF THE DISCLOSURE SCHEDULE and as otherwise expressly provided in this Agreement, Chaswil will cause United to refrain from [i] disposing of any of its Assets and Properties and from permitting any of its Assets and Properties to be subjected to any Liens, except to the extent any such disposition or any such Lien is made or incurred in the ordinary course of the business and consistent with past practice, [ii] selling any material part of its insurance products, operations, or business to any third party (other than sales of insurance products in the ordinary course of business consistent with past practice), [iii] entering into any contracts obligating it to administer the insurance operations of any other Person and [iv] entering into any Contracts permitting any other Person to administer its insurance operations.
No Disposal of Property. Except as set forth in SECTION 6.8 of the Disclosure Schedule or as expressly provided in this Amended and Restated Merger Agreement, Savers will not (a) dispose of any of its Assets and Properties or permit any of its Assets and Properties to be subjected to any Liens, except to the extent any such disposition or any such Lien is made or incurred in the ordinary course of the business and consistent with past practices, (b) sell any part of its insurance products, operations or business to any third party (other than sales of insurance products in the ordinary course of business consistent with past practices pursuant to SECTION 6.1(A)), (c) enter into any Contracts obligating Savers to administer the insurance operations of any Person other than any Affiliate, (d) enter into any Contracts permitting any Person other than any Affiliate of Savers to administer Savers' insurance operations or (e) enter into or assume any Contract, if doing so could involve a loss, cost, expense or commitment in excess of $10,000 unless in the ordinary course of business and consistent with past practices.
