No New Contracts Sample Clauses

No New Contracts. Neither Seller nor any of the Companies shall enter into any material contract, agreement, understanding or arrangement, oral or written, without the prior written consent of Buyer, except for rental agreements relating to Rental Equipment entered into in the ordinary course of operating the Business, and except with respect to the items of Rental Equipment described in Section 1.2(iii). Without limiting the generality of the foregoing, neither Seller nor any of the Companies shall enter into any rental/purchase option agreements, whereby any Person has the right or option to purchase or acquire any item or items of Rental Equipment, or sell or otherwise transfer any item of the Acquired Assets, without the prior written consent of Buyer.
Sample 1Sample 2
No New Contracts. Seller shall not enter into any new Service Contracts or modify or terminate any Service Contracts or other similar arrangements pertaining to the Property that would be binding on Buyer or Property after Closing or waive any rights of Seller thereunder, without in each case obtaining the prior written consent of Buyer, which Buyer may grant or withhold in its sole discretion. Buyer shall respond to any request for approval within five (5) Business Days after receipt of Seller's request. Seller shall furnish Buyer with a copy of the proposed agreement, which shall contain such information reasonably necessary to enable Buyer to make informed decisions with respect to the advisability of the proposed transaction.
Sample 1Sample 2
No New Contracts. From and after the Effective Date until the Closing Date, GTA and Tenant will not enter into any contracts, licenses, easements or other agreements relating to the Transferred Property which will obligate Purchaser (including, without limitation, the purchase of any Inventory that Purchaser is obligated to purchase or otherwise incur the expense for pursuant to the terms of this Agreement) or be a charge or lien against the Transferred Property after the Closing Date without prior written approval of Purchaser, except in the ordinary course of business or which are terminable without penalty on no more than thirty (30) days notice.
Sample 1Sample 2
No New Contracts. From the date of this Agreement and continuing until Closing, without the prior written consent of Buyer (which Buyer will not unreasonably withhold, and to which Buyer will use its commercially reasonable efforts to respond to respond within three (3) business days of written request by the Xxxxx-Xxxx Parties for same), and with due consideration of Schedule 3.01(k) hereto, Xxxxx- Xxxx Parties shall not enter into any new material agreements or commitments with respect to the Properties, unless such contract is both consistent with past practices and is a contract that can be terminated upon not more than 90 days prior written notice without penalty or payment for such termination; and the Xxxxx-Xxxx Parties will not materially modify or terminate any of the Leases, Contracts or other agreements relating to the Properties, and will not voluntarily compromise or waive any amounts or claims payable to the Xxxxx-Xxxx Parties due to any casualty loss or any pending or threatened taking related to the Properties.
Sample 1
No New Contracts. Each Seller shall not enter into or assume any new contract, lease, license or commitment which by its terms requires performance subsequent to April 30, 1996 except for such matters which are within the normal and ordinary course of business or which are limited to 12 months and involve an annual monetary commitment or exposure of not more than $20,000 each or $100,000 in the aggregate; provided, however, that each Seller may inform Buyer of any proposed new contracts that it believes will be in Buyer's best interest and Buyer will not unreasonably withhold its prompt approval of such new contracts. Designees of Dr. Xxxxxx xxx Mr. Xxxxxxxx xxxl perform this function.
Sample 1
No New Contracts. From and after the Effective Date until the Closing Date, Seller and Tenant will not enter into any contracts, licenses, easements or other agreements relating to the Transferred Property or operation of the Golf Course which will obligate Buyer (including, without limitation, the purchase of any Inventory that Buyer is obligated to purchase or otherwise incur the expense for pursuant to the terms of this Agreement) or be a charge or lien against the Transferred Property after the Closing Date without prior written approval of Buyer, except in the ordinary course of business or which are terminable without penalty on no more than thirty (30) days notice.
Sample 1
No New Contracts. During the term of the Lease, Tenant shall not enter into any Contract, agreement or arrangement for the provision of goods or services to be performed, delivered at or otherwise benefitting the Premises, which shall survive the term of the lease unless same may be terminated by Tenant or its successor on no more than 30 days notice.
Sample 1
No New Contracts. Seller shall not, without the prior written consent of Buyer, enter into any Contract with respect to the Property that will survive the Closing or will otherwise affect the use, operation or enjoyment of the Property after Closing.
Sample 1
No New Contracts. (1) Big Rivers shall not enter into any Power sales contract that commits Energy or Capacity from Station Two, or any maintenance, fuel supply or transportation contracts relating to the operation or maintenance of Station Two or the other Station Two Assets or in furtherance of its obligations under the Station Two Contracts, in any such case, involving the payment or receipt by Big Rivers of an amount in excess of $500,000 annually or having an expiration or termination date after May 31, 1998. Notwithstanding the foregoing or Section 7.2.3 of the Participation Agreement, Big Rivers shall be entitled to enter into Pre-Closing Development Agreements with Xxxxxxxxx as contemplated in the 1998 Amendments for Economic Development Opportunities provided that such agreements do not specifically commit Power from and after the Closing from any of the Generating Plants. (2) Xxxxxxxxx shall not permit Big Rivers to enter into any of the commitments described in (1) above on behalf of Xxxxxxxxx, but only to the extent that Xxxxxxxxx has the right to do so, and Xxxxxxxxx shall not itself, without the written consent of Station Two Subsidiary (unless Xxxxxxxxx reasonably determines that the failure to enter into such a contract would impair Xxxxxxxxx'x duties and obligations to the Trustee or the holders of the Station Two Bonds), enter into (A) any contracts relating to the operations or maintenance of Station Two or the other Station Two Assets, or (B) any Power sales contract that commits Capacity (excluding, however, any Station Two Economic Development Power committed to Xxxxxxxxx in accordance with Section 28 of the 1998 Amendments and as contemplated in Section 11.1 of this Agreement), other than such contracts as are permitted under the terms of the Station Two Contracts following a breach or default thereunder by Big Rivers as contemplated in Section 15.2 of the Station Two Power Sales Agreement, and then only to the extent that such breach or default has not been cured by Big Rivers or an LG&E Company in accordance with the terms of the Station Two Contracts and this Agreement, subject, however, to LEM's option to purchase Energy and Capacity as contemplated in Section 4.4 of this Agreement.
Sample 1