Restrictions on Shareholders. No Shareholder may, without the prior written consent of the other Shareholder: (a) confess any judgment against the Company; (b) enter into any agreement on behalf of or otherwise purport to bind the other Shareholder or the Company; (c) do any act in contravention of this Agreement; (d) except as contemplated by Section 11 (Dissolution), dispose of the goodwill or the business of the Company; or (e) assign the property of the Company in trust for creditors or on the assignee’s promise to pay any Indebtedness of the Company.
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Samples: Operating Agreement (Sandisk Corp), Operating Agreement, Operating Agreement (Sandisk Corp)
Restrictions on Shareholders. No Shareholder may, without the prior written consent of the other Shareholder:
(a) confess any judgment against the Company;
(b) enter into any agreement on behalf of or otherwise purport to bind the other Shareholder or the Company;
(c) do any act in contravention of this Agreement;
(d) except as contemplated by Section 11 (Dissolution), dispose of the goodwill or the business of the Company; or
(e) assign the property of the Company in trust for creditors or on the assignee’s 's promise to pay any Indebtedness of the Company.
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