Common use of Negative Obligations Clause in Contracts

Negative Obligations. In order to guarantee the performance by Party B of the agreement entered into by and between Party A and Party B and all of Party B’s obligations towards Party A, the Founding Shareholders hereby acknowledge, agree and jointly warrants that without prior written consent of Party A or any party designated by Party A, Party B shall not engage in any transaction which may have material or adverse effect on any of its assets, businesses, employees, obligations, rights or operations, including without limitation:

Negative Obligations. In order to guarantee the performance by of Party B of the agreement entered into by and between Party A and Party B in relation to this Agreement and all of Party B’s in relation to its obligations towards Party A, Party B and the Founding Shareholders hereby acknowledge, agree and jointly warrants and severally warrant that without the prior written consent of Party A or any party designated by Party A, Party B shall not engage in any transaction which may have a material or adverse effect on any of its assets, businesses, employees, obligations, rights or operations (except for those occurring in the due course of business or in day-to-day business operations, or those already disclosed to Party A and with the explicit prior written consent of Party A), including without limitation:

Negative Obligations. In order to guarantee the performance by Party B of the agreement entered into by and between Party A and Party B and all of Party B’s obligations towards to Party A, the Founding Party B and its Shareholders hereby acknowledge, jointly acknowledge and agree and jointly warrants that without prior written consent of Party A or any party designated by Party Aits designee, Party B shall not engage in any transaction which may have a material or adverse effect on any of its assets, businesses, employees, obligations, rights or business operations, including without limitation: