Common use of Restrictions on Operation Clause in Contracts

Restrictions on Operation. Pending the closing of the transactions contemplated by this Agreement, the Sellers covenants that they will cause the Company and the Subsidiaries to conduct their business only in the ordinary course; make no change in its certificate of incorporation or by-laws; neither declare nor pay any dividend nor make any other distribution or payment in respect of its issued and outstanding shares of capital stock, nor redeem, purchase or otherwise acquire any of such shares; make no loan to any officer, director or shareholder of the Company or Subsidiary; refrain from increasing any compensation payable to any employee, agent or representative of the Company or a Subsidiary; and enter into no contract or commitment extending beyond the Closing except as normally required in connection with the ordinary conduct of its business affairs.

Restrictions on Operation. Pending the closing of the transactions contemplated by this Agreement, the Sellers Seller covenants that they the Seller will cause the Company (and the Subsidiaries Subsidiaries) to conduct their its business only in the ordinary course; make no change in its certificate Certificate of incorporation Incorporation or byBy-lawsLaws; neither declare nor pay any dividend nor make any other distribution or payment in respect of its issued and outstanding shares of capital stock, nor redeem, purchase or otherwise acquire any of such shares; make no loan to any officer, director or shareholder of the Company or Subsidiary(and Subsidiaries); refrain from increasing any compensation payable to any employee, agent or representative of the Company or a Subsidiary(and Subsidiaries); and enter into no contract or commitment extending beyond the Closing except as normally required in connection with the ordinary conduct of its business affairs.