Common use of Certain Acts Prohibited Clause in Contracts

Certain Acts Prohibited. Except for the Tower Project costs and contracts, between the date hereof and the Closing Date the Partnership shall not, without the prior written consent of Purchaser, which consent shall not be unreasonably withheld: (a) incur any material liability or encumber or permit the encumbrance of any properties or assets of the Partnership; (b) dispose of or contract to dispose of any property or assets of the Partnership (except those non-material assets consumed or disposed of in the ordinary course of business); or (c) enter into any lease or contract for the purchase, lease or acquisition of real estate or any lease or contract for the purchase, lease or acquisition of personal property (except for non-material personal property needed in the ordinary course of business); (d) enter into any employment agreement or collective bargaining agreement; or (e) make any material change in the insurance policies described in Schedule 5.08.

Appears in 2 contracts

Sources: Purchase Agreement (Acme Intermediate Holdings LLC), Purchase Agreement (Acme Television LLC)