No Disposition or Encumbrance. Except in the ordinary course of business consistent with past practices, the Company will not (1) dispose of or encumber any of its properties and assets, (2) discharge or satisfy any lien or encumbrance or pay any obligation or liability (fixed or contingent) except for previously scheduled repayment of debt, (3) cancel or compromise any debt or claim, (4) transfer or grant any rights under any concessions, leases, licenses, agreements, patents, inventions, proprietary technology or process, trademarks, service marks or copyrights, or with respect to any know-how, or (5) enter into or modify in any material respect or terminate any existing license, lease, or contract.
No Disposition or Encumbrance. Except in the ordinary course of business consistent with past practice, the Company will not dispose of any asset of the Company, or satisfy any liability or obligation, except for previously scheduled repayment of debt. Further, the Company will not cancel or compromise any debt or encumbrance, grant any rights under concessions, licenses, agreements, patents, inventions, technology or process with respect to any know-how, or modify or terminate any existing license, lease or contract.
No Disposition or Encumbrance. Except in die ordinary course of business consistent with past practice, Buyer will not (1) dispose of or encumber any Of its properties and assets, (2) discharge or satisfy any lien or encumbrance or pay any obligation or liability (fixed or contingent) except for previously scheduled repayment of debt, (3) cancel or compromise any debt or claim, (4) transfer or grant any rights under any concessions, leases, licenses, agreements, patents, inventions, proprietary technology or process, trademarks, servicemarks or copyrights, or with respect to any know-how, or (5) enter into or modify in any material respect or terminate any existing license, lease, or contract.
No Disposition or Encumbrance. Except in the ordinary Course of business consistent with 1 past practice, Seller will not permit the Company to ( 1) dispose of or encumber any of its properties and J assets, (2) discharge or satisfy any lien or encumbrance or pay any obligation or liability ( fixed or contingent) , except for previously scheduled repayment of debt, (3) cancel or compromise any debt or claim, (4) transfer or grant any rights under any concessions, leases, licenses, agreements, patents, inventions, proprietary technology or process, trademarks, servicemarks or copyrights, or with respect to any know-how, or (5) enter into or modify in any material respect or terminate any existing license, lease, or contract.
No Disposition or Encumbrance. Neither White Cloud nor the Company shall sell, lease, mortgage, pledge or otherwise dispose of or agree to sell, lease, mortgage, pledge or otherwise dispose of any of their respective assets or properties other than sales, leases, mortgages, pledges and dispositions of assets and properties except in the ordinary course of business.
No Disposition or Encumbrance. Executive hereby covenants and agrees that, except as contemplated by this Agreement and except pursuant to the Offer, Executive shall not, and shall not offer or agree to, sell, transfer, tender, assign, hypothecate or otherwise dispose of, or create or permit to exist any security interest, lien, claim, pledge, option, restriction, right of first refusal, agreement, limitation on Executive's voting rights, charge or other encumbrance of any nature whatsoever with respect to the Shares, the Options or the Option Shares now owned or that may hereafter be acquired by Executive.
No Disposition or Encumbrance. Neither Borrower nor any shareholder, member or partner of Borrower will make a Disposition without obtaining Lender's prior written consent, other than a Permitted Disposition. Borrower will not create, incur, assume or suffer to exist any lien or encumbrance against all or any portion of the Mortgaged Property, other than as expressly permitted pursuant to the Loan Agreement.
No Disposition or Encumbrance. Except in the ordinary course of business consistent with past practice, Seller will not permit the Company to (1) dispose of or encumber any of its properties and assets, (2) discharge or satisfy any lien or encumbrance or pay any obligation or liability (fixed or
No Disposition or Encumbrance. Except in the ordinary course of business consistent with past practice, the MDI Companies will not (1) dispose of or encumber any of their properties and assets, (2) discharge or satisfy any lien or encumbrance or pay any obligation or liability (fixed or contingent) except for previously scheduled repayment of debt, (3) cancel or compromise any debt or claim, (4) transfer or grant any rights under any concessions, leases, licenses, agreements, patents, inventions, proprietary technology or process, trademarks, service marks or copyrights, or with respect to any know-how, or (5) enter into or modify in any material respect or terminate any existing license, lease, or contract.
No Disposition or Encumbrance. Cars shall not sell, lease, mortgage, pledge or otherwise dispose of or agree to sell, lease, mortgage, pledge or otherwise dispose of any asset or properties of Cars other than sales, leases, mortgages, pledges and dispositions of assets and properties except in the ordinary course of business.
