Common use of No Leakage Clause in Contracts

No Leakage. VE agrees that: (i) during the period from the Locked Box Date to (and including) the date hereof, there has not been any Leakage; and (ii) during the period from the date hereof to (and including) the Closing, VE shall not permit, and shall cause its Subsidiaries to not permit, any Leakage, provided, that, in each case, VE shall have no Liability to VI under this Section 2.7(a) if the Closing does not occur.

Appears in 2 contracts

Samples: Transaction Agreement, Transaction Agreement (Visa Inc.)

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No Leakage. VE agrees that: (i) during the period from the Locked Box Date to (and including) the date hereofof the Original Agreement, there has not been any Leakage; and (ii) during the period from the date hereof of the Original Agreement to (and including) the Closing, VE shall not permit, and shall cause its Subsidiaries to not permit, any Leakage, provided, that, in each case, VE shall have no Liability to VI under this Section 2.7(a) if the Closing does not occur.

Appears in 1 contract

Samples: Transaction Agreement (Visa Inc.)

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No Leakage. VE agrees that: : (i) during the period from the Locked Box Date to (and including) the date hereofof the Original Agreement, there has not been any Leakage; and and - 21 - (ii) during the period from the date hereof of the Original Agreement to (and including) the Closing, VE shall not permit, and shall cause its Subsidiaries to not permit, any Leakage, provided, that, in each case, VE shall have no Liability to VI under this Section 2.7(a) if the Closing does not occur.

Appears in 1 contract

Samples: Transaction Agreement

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