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.
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Samples: Agreement and Plan of Reorganization (Rotman Gregory), Agreement and Plan (Securities Resolution Advisors Inc)
No Disposition or Encumbrance. Except in die the ordinary course of business consistent with past practicepractices, Buyer will not (1) dispose of or encumber any Of 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 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 die the ordinary course of business ------------------------------- consistent with past practice, Buyer will not (1) dispose of or encumber any Of 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.
Appears in 1 contract
No Disposition or Encumbrance. Except in die the ordinary course ------------------------------ of business consistent with past practice, Buyer will not (1) dispose of or encumber any Of 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.
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