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.
Appears in 5 contracts
Samples: Stock Purchase Agreement (Usn Corp), Preferred Stock Purchase Agreement (Catcher Holdings Inc), Preferred Stock Purchase Agreement (Us Telesis Holdings Inc)
No Disposition or Encumbrance. Except in the ordinary course of business consistent with past practicespractice, Seller will not permit the Company will not 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 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 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.
Appears in 4 contracts
Samples: Agreement and Plan (Securities Resolution Advisors Inc), Agreement and Plan of Reorganization (Rotman Gregory), Stock Purchase Agreement (Kelly Brian J)
No Disposition or Encumbrance. Except in the ordinary course of business consistent with past practices, the Company 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, 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.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Usn Corp), Stock Purchase Agreement (Usn Corp)
No Disposition or Encumbrance. Except in the ordinary course of business consistent with past practices, the Company Companies 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.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Rose International LTD)
No Disposition or Encumbrance. Except in the ordinary course of business ------------------------------- consistent with past practices, the practice. 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 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.
Appears in 1 contract
No Disposition or Encumbrance. Except in the ordinary course of business consistent with past practices, practice. Seller will not permit the Company will not 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 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 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.
Appears in 1 contract
Samples: 1 Stock Purchase Agreement (International Imaging Inc)
No Disposition or Encumbrance. Except in the ordinary course of business consistent with past practicespractice, Seller will not permit the Company will not 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 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 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.
Appears in 1 contract
Samples: Stock Purchase Agreement (Thermotek International Inc /De/)
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.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Ci Sell Cars Inc)
No Disposition or Encumbrance. Except in the ordinary course of business consistent with past practicespractice, 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.
Appears in 1 contract
Samples: Stock Purchase Agreement (Ednet Inc)
No Disposition or Encumbrance. Except in the ordinary course ------------------------------ of business consistent with past practices, the practice. 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 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.
Appears in 1 contract
No Disposition or Encumbrance. Except in the ordinary course of business consistent with past practices, the practice. 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 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.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Team Sports Entertainment Inc)
