Common use of Negative Covenants Pending Closing Clause in Contracts

Negative Covenants Pending Closing. Except as required or specifically permitted by this Agreement (or as expressly set forth in Section 5.1(b) of the Company Disclosure Letter) or as required by applicable Law, from the date of this Agreement until the earlier of the Effective Time and termination of this Agreement in accordance with Section 8.1, unless Parent otherwise consents in advance in writing (such consent not to be unreasonably withheld, conditioned, or delayed), neither the Company nor any of its subsidiaries shall or may:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Akari Therapeutics PLC), Agreement and Plan of Merger (Peak Bio, Inc.)

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Negative Covenants Pending Closing. Except Without limiting the generality of Section 5.1, during the period from the date of this Agreement to the Closing or the date this Agreement is terminated in accordance with its terms, except as required or specifically permitted (i) expressly contemplated by this Agreement Agreement, (ii) consented to by Buyer in writing (which consent shall not be withheld, delayed or as expressly set forth in Section 5.1(b) of the Company Disclosure Letterconditioned unreasonably) or (iii) as required by applicable Law, from the date of this Agreement until the earlier of the Effective Time and termination of this Agreement in accordance with Section 8.1, unless Parent otherwise consents in advance in writing (such consent not to be unreasonably withheld, conditioned, or delayed), neither the Company nor any of shall not, and shall cause its subsidiaries shall or maySubsidiaries not to:

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger

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