Common use of Material Commitments Clause in Contracts

Material Commitments. (a) Prior to the Closing, the Vendor shall not, without the prior written consent of the Purchaser: (i) surrender or abandon any of the Assets; (ii) amend any agreement or enter into any new agreement respecting the Assets; (iii) sell, transfer or otherwise dispose of the Assets, or any of them; or (iv) grant a security interest or any encumbrance with respect to any of the Assets.

Material Commitments. (a) Prior to the Until Closing, the Vendor shall not, without the prior written consent of the Purchaser: (i) surrender or abandon any of the Assets; (ii) amend any agreement or enter into any new agreement respecting the Assets; (iii) sell, transfer or otherwise dispose of the Assets, or any of them; or (iv) grant a security interest or any encumbrance with respect to any of the Assets.

Material Commitments. (a) Prior to the Until Closing, the Vendor shall not, without the prior written consent of the Purchaser: (i) surrender or abandon any of the Assets; (ii) amend any agreement or enter into any new agreement respecting the Assets; (iii) sell, transfer or otherwise dispose of the Assets, or any of them; or (iv) grant a security interest or any encumbrance with respect to any of the Assets.