Common use of Obligations regarding the Relevant Business Assets Clause in Contracts

Obligations regarding the Relevant Business Assets. 13.3.1. The Contractor shall not, without the DCC's prior written consent, encumber any Relevant Business Assets in any way which would: (a) require the consent of a third party to the exercise by the DCC of any of its rights under this Schedule; or (b) otherwise restrict the exercise by the DCC of any of its rights under this Schedule. For the purposes of this paragraph 13.3.1, "encumber" shall include any interest or equity of any person (including any right to acquire, option or right of pre-emption) or any mortgage, charge, pledge, lien, assignment, security interest, any other security agreement or arrangement or which otherwise restricts the Contractor's ability to use and deal with the Relevant Asset.

Obligations regarding the Relevant Business Assets. 13.3.1. 13.3.1 The Contractor shall not, without the DCC's prior written consent, encumber any Relevant Business Assets in any way which would: (a) require the consent of a third party to the exercise by the DCC of any of its rights under this Schedule; or (b) otherwise restrict the exercise by the DCC of any of its rights under this Schedule. For the purposes of this paragraph 13.3.1, "encumber" shall include any interest or equity of any person (including any right to acquire, option or right of pre-emption) or any mortgage, charge, pledge, lien, assignment, security interest, any other security agreement or arrangement or which otherwise restricts the Contractor's ability to use and deal with the Relevant Asset.

Obligations regarding the Relevant Business Assets. 13.3.1. 12.3.1 The Contractor shall not, without the DCC's prior written consent, encumber any Relevant Business Assets in any way which would: (a) require the consent of a third party to the exercise by the DCC of any of its rights under this Schedule; or (b) otherwise restrict the exercise by the DCC of any of its rights under this Schedule. For the purposes of this paragraph 13.3.112.3.1, "encumber" shall include any interest or equity of any person (including any right to acquire, option or right of pre-emption) or any mortgage, charge, pledge, lien, assignment, security interest, any other security agreement or arrangement or which otherwise restricts the Contractor's ability to use and deal with the Relevant Asset.

Obligations regarding the Relevant Business Assets. 13.3.1. 27.3.1 The Contractor Supplier shall not, without the DCC's prior written consent, encumber any Relevant Business Assets in any way which would: (a) require the consent of a third party to the exercise by the DCC of any of its rights under this Schedule; or (b) otherwise restrict the exercise by the DCC of any of its rights under this Schedule. For the purposes of this paragraph 13.3.127.3.1, "encumber" shall include any interest or equity of any person (including any right to acquire, option or right of pre-emption) or any mortgage, charge, pledge, lien, assignment, security interest, any other security agreement or arrangement or which otherwise restricts the ContractorSupplier's ability to use and deal with the Relevant Asset.