Non-Interference Obligation Sample Clauses
The Non-Interference Obligation clause requires parties to refrain from actions that would disrupt, hinder, or negatively impact the other party’s operations, rights, or contractual relationships. In practice, this means that each party must avoid interfering with the business activities, employees, or clients of the other, such as by soliciting employees or obstructing business processes. The core function of this clause is to maintain smooth business relations and protect each party from harmful interference, thereby reducing the risk of disputes and ensuring the integrity of ongoing operations.
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Non-Interference Obligation. In the event that the Plan is not confirmed, (x) the Consenting Lenders shall take no actions intended, tending, or that may reasonably be expected to interfere with the efforts of the Mortgage Lenders, the Debtors, FG and/or the FG Principals to seek confirmation of or consummate an alternative plan of reorganization to effectuate a reorganization of the PropCo Debtors on a stand-alone basis and without the proposed acquisition of Opco by Purchaser (other than the specified assets to be transferred under the Second Amended MLCA) and (y) the Debtors, FG and the FG Principals shall take no actions intended, tending, or that may reasonably be expected to interfere with the efforts of the Consenting Lenders to seek confirmation of or consummate an alternative plan of reorganization to effectuate a reorganization of the OpCo Debtors on a stand-alone basis and without the proposed acquisition of OpCo by the Purchaser (other than the specified assets to be transferred under the Second Amended MLCA).
Non-Interference Obligation. Agent and ▇▇▇▇ TELL agree that Agent Accounts are the exclusive property of ▇▇▇▇ TELL and constitute the Customer Base of ▇▇▇▇ TELL. Agent has no proprietary interest in or right to the Customer Base. This Customer Base is the primary asset of ▇▇▇▇ TELL and Agent agrees that no action or inaction by, or on behalf of, Agent shall occur that will detract from the value of the asset. Any such diminution in value to ▇▇▇▇ TELL of the Customer Base by Agent shall constitute breach of the fiduciary responsibility of Agent to ▇▇▇▇ TELL and subject this Agreement to immediate termination, for Cause, at the sole option of ▇▇▇▇ TELL, and subject Agent to legal and equitable remedies available to ▇▇▇▇ TELL. Agent and ▇▇▇▇ TELL fully understand that ▇▇▇▇ TELL, at its sole discretion, may enter into a transaction involving the sale of the Customer Base, in whole or in part. Agent shall waive any and all legal or equitable remedies, including without limitation, injunctive relief, that would in any fashion hinder or delay any sale by ▇▇▇▇ TELL. The purpose for such waiver is to prevent any single (or group) of Agents from interfering with the lawful transaction of ▇▇▇▇ TELL’s assets. As consideration for Agent’s commitment to a two-year non-interference obligation, ▇▇▇▇ TELL shall enter into this Agreement.