Common use of Negative Covenant Clause in Contracts

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 21 contracts

Samples: Stock Exchange Agreement (Serefex Corp), Stock Exchange Agreement (Serefex Corp), Stock Purchase Agreement (Wireless Ronin Technologies Inc)

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Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the each Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 12 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (James River Coal CO), Employment Agreement (Sona Development Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 6 contracts

Samples: Share Purchase Agreement (Global Gold Corp), Share Purchase Agreement (Global Gold Corp), Stock Purchase Agreement (Integrated Orthopedics Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any material change in the business of the changes or events listed in Section 3.16 Company is likely to occur.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Venturi Technologies Inc), Stock Purchase Agreement (Venturi Technologies Inc), Stock Purchase Agreement (Venturi Technologies Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 4 contracts

Samples: LLC Ownership Interest Purchase Agreement (Vystar Corp), Stock Purchase Agreement (Verilink Corp), Share Exchange Agreement (Melita International Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the each Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 4 contracts

Samples: LLC Ownership Interest Purchase Agreement (Vystar Corp), Stock Purchase Agreement (Aduddell Industries Inc), Stock Purchase Agreement (Cogenco International Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the each Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.16 is likely to occur.

Appears in 4 contracts

Samples: Stock Purchase Agreement (BIMI International Medical Inc.), Stock Purchase Agreement (BIMI International Medical Inc.), Stock Purchase Agreement (BOQI International Medical, Inc.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.13. is likely to occur.

Appears in 3 contracts

Samples: Purchase Agreement (Concap Inc), Stock Purchase Agreement (Elite Technologies Inc /Tx/), Stock Purchase Agreement (Concap Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will Seller shall not, and will cause the Company not to, without the prior consent of BuyerPurchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.15 is likely to occur.

Appears in 3 contracts

Samples: Asset Purchase Agreement (mCig, Inc.), Asset Purchase Agreement (mCig, Inc.), Asset Purchase Agreement (Stony Hill Corp.)

Negative Covenant. Except as otherwise expressly permitted by this AgreementAgreement or as set forth on Schedule 6.3, between the date of this Agreement and the Closing Date, Sellers the Company will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely 3.14 would reasonably be expected to occur.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Titan Global Holdings, Inc.), Stock Purchase Agreement (NewGen Technologies, Inc), Stock Purchase Agreement (Titan Global Holdings, Inc.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, none of Sellers will not, and will cause or the Company not towill, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.17 is likely to occur.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Tower Tech Holdings Inc.), Stock Purchase Agreement (Broadwind Energy, Inc.)

Negative Covenant. Except as otherwise expressly permitted by this ----------------- Agreement, between the date of this Agreement and the Closing Date, Sellers Buyer will not, and will cause the Company not to, without the prior consent of Buyerthe Company, take any affirmative action, or fail to take any reasonable action within its or their or its control, as a result of which any of the changes or events listed in Section 3.16 5.11 is likely to occur.

Appears in 2 contracts

Samples: Exhibit 1 (Weber Dean), Merger Agreement and Plan (One Voice Technologies Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 2.8 is likely to occur.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Meadowbrook Rehabilitation Group Inc), Asset Purchase Agreement (Newcare Health Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will not cause or permit the Company not to, without the prior consent of BuyerPurchaser, take (a) make any affirmative actionmodifications to any Material Contract except in the ordinary course of business and consistent with past business practices, or fail to take (b) enter into any reasonable action within their compromise or its control, as a result settlement of which any of the changes pending or events listed in Section 3.16 is likely to occurthreatened Litigation.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (RHINO BIOTECH LTD), Membership Interest Purchase Agreement (RHINO BIOTECH LTD)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will Seller shall not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to §3.14 shall occur.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Metalico Inc), Asset Purchase Agreement (Metalico Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.16 is likely to occur.

Appears in 2 contracts

Samples: Stock Purchase Agreement (BOQI International Medical, Inc.), Stock Purchase Agreement (BOQI International Medical, Inc.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Isg Resources Inc), Stock Purchase Agreement (Timeline Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.16 is likely to occur.

Appears in 2 contracts

Samples: Stock Purchase Agreement (BIMI International Medical Inc.), Stock Purchase Agreement (BOQI International Medical, Inc.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.14 is likely to occur.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Standex International Corp/De/), Stock Purchase Agreement (C & F Financial Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers and the Acquired Companies will not, and will cause the Company not to, without the prior consent of BuyerPurchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 5.7 is likely to occur.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Casino Journal Publishing Group Inc), Stock Purchase Agreement (Redneck Foods Inc)

Negative Covenant. Except as otherwise expressly permitted by this AgreementAgreement or with the prior written consent of the Purchaser, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of BuyerPurchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.7 is likely to occur.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Rosetta Stone Inc), Purchase and Sale Agreement (Rosetta Stone Inc)

Negative Covenant. Except as otherwise expressly permitted by this ----------------- Agreement, between the date of this Agreement and the Closing Date, Sellers the Company will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within its or their or its control, as a result of which any of the changes or events listed in Section 3.16 4.12 is likely to occur.

Appears in 2 contracts

Samples: Merger Agreement and Plan (One Voice Technologies Inc), Exhibit 1 (Weber Dean)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.10 is likely to occur.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Kupper Parker Communications Inc), Stock Purchase Agreement (Kupper Parker Communications Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.15 is likely to occur.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Peak Resorts Inc), Stock Purchase Agreement (Americas Shopping Mall Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Buyer will not, and will cause the Company not to, without the prior consent of BuyerSellers, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.13 is likely to occur.

Appears in 2 contracts

Samples: Stock Exchange Agreement (Serefex Corp), Stock Exchange Agreement (Serefex Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to may occur.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Foster L B Co), Stock Purchase Agreement (Foster L B Co)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the each Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.16 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (BOQI International Medical, Inc.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will not cause or permit the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their its control which would or its control, as a is likely to result in the occurrence of which any of the changes or events listed in Section 3.16 is likely to occur3.20.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ametek Inc/)

Negative Covenant. Except as otherwise expressly permitted by this AgreementAgreement or disclosed in the Disclosure Letter, between the date of this Agreement and the Closing Date, Sellers Seller and the Company will not, and will cause the each DLT Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.14 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Gainsco Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior written consent of Buyer, take any affirmative action, action or fail to take any reasonable action within their or its control, control as a result of which any of the changes or events listed in Section 3.16 2.8 is likely to occur, including, but not limited to, incurring on behalf of Sellers any long-term indebtedness or engaging in any transaction that would be required to be recorded as a long-term liability on a balance sheet of Sellers prepared in accordance with GAAP.

Appears in 1 contract

Samples: Share Purchase Agreement (Smart & Final Inc/De)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause neither the Company not tonor the Sellers will, without the Purchaser’s prior consent of Buyerwritten consent, which will not be unreasonably withheld or delayed, take any affirmative action, or fail to take any reasonable action within their or its control, as a which would result in or allow the occurrence of which any of the changes or events listed in Section 3.16 is likely to occur7.1(l).

Appears in 1 contract

Samples: Purchase and Sale Agreement (CPI Card Group Inc.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement hereof and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to will occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Management Network Group Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers the Company will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.12 is likely to occur.

Appears in 1 contract

Samples: Asset Purchase Agreement (Morrison Health Care Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Majority Owners and the Company will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 or Section 3.21 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Emrise CORP)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing DateDate or termination of this agreement, Sellers Seller and AFT will not, and will cause the Company Acquired Companies not to, without the prior consent of BuyerPurchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.10 is likely to occur.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Us 1 Industries Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.14 is likely to occur.

Appears in 1 contract

Samples: Stock Exchange Agreement (Maxus Technology Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, the Sellers who are also members of the Senior Management Team will not, and will use their Best Efforts to cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.14 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Standex International Corp/De/)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will not cause or permit the Company not Companies to, without the prior consent of BuyerPurchaser, take make any affirmative action, modifications to any Material Contract or fail to take any reasonable action within their or its control, as a result Permit except in the ordinary course of which any of the changes or events listed in Section 3.16 is likely to occurbusiness and consistent with past business practices.

Appears in 1 contract

Samples: Securities Purchase Agreement (GlassBridge Enterprises, Inc.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers the Seller will not, and will cause the Company not to, without the prior consent of Buyerthe Purchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to 3.12 could occur.

Appears in 1 contract

Samples: Asset Purchase Agreement (Wausau Paper Corp.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers the Seller will not, and will cause the Company not to, without the prior consent of Buyerthe Purchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely 3.11 could occur. The Purchaser shall have the right to occurexamine title to Real Property and other Acquired Assets in respect to the facilities of the Business at any time up to Closing for the purpose of ascertaining whether Seller has further voluntarily encumbered the Real Property.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dixie Group Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of the Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.1(h) is likely to occur.

Appears in 1 contract

Samples: Share Purchase Agreement (BPO Management Services, Inc.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company Company, Akos and their respective Subsidiaries not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.6 (other than Sections 4.6(a), (b), (n), (q), (w) and (dd)) is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cross Country Healthcare Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company MML not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Better for You Wellness, Inc.)

Negative Covenant. Except as otherwise expressly permitted by ----------------- this Agreement, between the date of this Agreement and the final Property Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior written consent of each Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of there would be an adverse effect on the changes Acquired Assets or events listed in Section 3.16 is likely to occurthe Assumed Liabilities acquired or assumed by such Buyer hereunder.

Appears in 1 contract

Samples: Assumption Agreement (National Golf Properties Inc)

Negative Covenant. Except as otherwise expressly permitted by required pursuant to this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause neither Seller nor the Company not will permit the Company to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.12 occurs or is reasonably likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Alliance Bankshares Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will not cause or permit the Company not to, without the prior consent of BuyerPurchaser, take (a) make any affirmative actionmodifications to any Material Contract or Permit except in the ordinary course of business and consistent with past business practices, or fail to take (b) enter into any reasonable action within their compromise or its control, as a result settlement of which any of the changes pending or events listed in Section 3.16 is likely to occurthreatened Litigation.

Appears in 1 contract

Samples: Securities Purchase Agreement (WPCS International Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not toneither Seller will, without the prior written consent of BuyerPurchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.take

Appears in 1 contract

Samples: Asset Purchase Agreement (Aviall Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.22 is likely to occur.

Appears in 1 contract

Samples: Confidential Stock Purchase Agreement (Hispanic Broadcasting Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will Seller shall not, and will shall cause the each Group Company not to, without the prior written consent of BuyerPurchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed representations and warranties set forth in Section 3.16 is likely Article IV hereof would fail to occurbe correct if made as of the Closing Date.

Appears in 1 contract

Samples: Share Purchase Agreement (Fuisz Technologies LTD)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will shall not, and will shall cause the Company not to, without the prior consent of BuyerBuyer and Merger Sub, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.1.16 is likely to occur.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Integrated Security Systems Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will shall not, and will shall cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.15 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Second Bancorp Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, the Company and Sellers will not, and will cause the each Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Harmonic Lightwaves Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement the Balance Sheet and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a 45 result of which any of the changes or events listed in Section 3.16 will occur or is likely to occur.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Management Network Group Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior written consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.13 is likely to occur.

Appears in 1 contract

Samples: Asset Purchase Agreement (West Pharmaceutical Services Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreementherein, between the date of this Agreement and the Closing Date, Sellers will Seller shall not, and will cause the Company not to, without the prior written Consent of Buyer (which consent of Buyershall not be unreasonably withheld or delayed), take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.11 or 3.16 is would be likely to occur.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cytomedix Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers the Company and Seller will not, and will cause the Company not to, without the prior written consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Unison Healthcare Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller and the Shareholders will not, and will cause the Company Seller not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.8 is likely to occur.

Appears in 1 contract

Samples: Asset Purchase Agreement (Standard Register Co)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will use his reasonable best efforts to cause the each Acquired Company not to, without the prior consent of Buyer, (a) take any affirmative action, or fail to take any reasonable action within their his or its control, as a result of which any of the changes or events listed in Section 3.16 3.7 or Section 3.8 is likely to occur, or (b) make any material modification to any Contract.

Appears in 1 contract

Samples: Stock Purchase Agreement (A Consulting Team Inc)

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Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers the Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.8 is likely to occur.

Appears in 1 contract

Samples: Escrow Agreement (Global Employment Holdings, Inc.)

Negative Covenant. Except as otherwise expressly permitted ----------------- by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.13. is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Elite Technologies Inc /Tx/)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will Seller shall not, and will shall cause the Company Companies not to, without the Buyer’s prior consent of Buyerconsent, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.15 is likely to occur.

Appears in 1 contract

Samples: Share Purchase Agreement (Scripps E W Co /De)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Xxxxxxxxxx will not, and will cause the each Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Styrochem International LTD)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 1 contract

Samples: Share Purchase Agreement (Global Gold Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, the Sellers will not, and will cause the each Acquired Company not to, without the Buyer's prior consent of Buyerwritten consent, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes change or events event listed in Section 3.16 2.16 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fremont General Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement------------------ Agreement or as is consistent with the Ordinary Course of Business, between the date of this Agreement and the Closing Date, Sellers the Company will not, and will cause the Company not to, without the prior written consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 1 contract

Samples: Share Purchase Agreement (Sandisk Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing DateClosing, Sellers will not, not and will cause the Company TIL not to, without the prior consent of Buyer, take any affirmative action, action or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Better for You Wellness, Inc.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.30 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Technology Research Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 2.15 is likely to occur.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Eb2b Commerce Inc /Ny/)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between 6.3.1 As from the date of signing this Agreement until immediately prior to Completion, the Seller and the Closing Date, Sellers will Company shall not, and will cause the Company not to, without except in each case (i) with the prior written consent of Buyer, take any affirmative actionthe Purchaser which shall not be unreasonably withheld or delayed but which may be made conditional, or fail to take any reasonable action within their or its control, (ii) as a result of which any of the changes or events listed agreed in Section 3.16 is likely to occur.this Agreement:

Appears in 1 contract

Samples: Share Purchase Agreement (SFX Entertainment, INC)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers and the Company will not, and will cause the each Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.15 is likely to occur.

Appears in 1 contract

Samples: Escrow Agreement (Craftmade International Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreementherein, between the date of this Agreement and the Closing DateClosing, Sellers will Seller shall not, and will cause the Company Shareholders shall not permit Seller to, without the prior consent written Consent of BuyerPurchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which could cause a materially adverse affect on the business or Havelide System or increase any of the changes or events listed in Section 3.16 is likely to occurLiabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Petro River Oil Corp.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing DateDate (if any such period exists), Sellers Seller will not, and will cause the Partnership and each Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Newmark Homes Corp)

Negative Covenant. Except as otherwise expressly permitted by this ------------------ Agreement, between the date of this Agreement and the Closing Completion Date, Sellers Principal Vendors will not, and will cause the each Acquired Company not to, without the prior consent of BuyerPurchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 Clause 4.16 of the Fourth Schedule is likely to occur.

Appears in 1 contract

Samples: Agreement (Measurement Specialties Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers the Parent Seller will not, and will cause the Company not to, without the prior consent of the Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Measurement Specialties Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreementherein, between the date of this Agreement and the Closing Date, Sellers will Seller shall not, and will cause the Company not to, without the prior written consent of Buyer, (a) take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any Material Adverse Effect or any of the changes or events listed in Section 3.16 is likely to occur.in

Appears in 1 contract

Samples: Asset Purchase Agreement (Lodgenet Entertainment Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers the Seller Group will not, not and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.15 is likely to occur.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Techteam Global Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will Buyer shall not, and will shall cause the Company Merger Sub not to, without the prior consent of Buyer, Sellers and the Company take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.2 is likely to occur.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Integrated Security Systems Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company AMT not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is reasonably likely to occur.

Appears in 1 contract

Samples: Supply Agreement (Aldila Inc)

Negative Covenant. Except as set forth on Schedule 4.3 or as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller and the Company will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.following actions:

Appears in 1 contract

Samples: Equity Purchase Agreement (Polymedica Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreementherein, between the date of this Agreement and the Closing DateClosing, Sellers will Seller shall not, and will cause the Company Shareholders shall not permit Seller to, without the prior consent written Consent of BuyerPurchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which could cause a materially adverse affect on the business or Coalthane System or increase any of the changes or events listed in Section 3.16 is likely to occurLiabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Petro River Oil Corp.)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and Seller will cause the Acquired Company not to, without the prior consent of BuyerBuyers, (a) enter into any employment agreements, (b) assume or incur any long term liabilities or (c) or take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 2.16 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Synnex Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, not (and will cause the Company each of its Related Persons not to), without the prior consent of Buyer, take any affirmative action, action or fail to take any reasonable action within their or its control, control as a result of which any of the following changes or events listed in Section 3.16 is likely to occur.:

Appears in 1 contract

Samples: Stock Purchase Agreement (Envoy Corp /Tn/)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of BuyerPurchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to 3.11 could occur.

Appears in 1 contract

Samples: Asset Purchase Agreement (Theragenics Corp)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, the Sellers will not, and will cause the each Acquired Company not to, without the prior consent of the Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.16 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (China Liberal Education Holdings LTD)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, ! between the date of this Agreement and the Closing Date, Sellers Shareholders will not, and will cause the Company not to, without the prior consent of BuyerPurchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (United Stationers Supply Co)

Negative Covenant. Except as otherwise expressly permitted by this ----------------- Agreement, between the date of this Agreement and the Closing Date, Sellers Seller will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their his or its control, as a result of which any of the changes or events listed in Section 3.16 3.15 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Standard Pacific Corp /De/)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers the Seller will not, and will cause the Company not to, without the prior consent of the Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.16 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (China Liberal Education Holdings LTD)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause neither the Seller nor the Company not towill, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.17 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Titan Energy Worldwide, Inc.)

Negative Covenant. Except as otherwise expressly permitted by this AgreementAgreement or disclosed in the Disclosure Letter, between the date of this Agreement and the Closing Date, Sellers Seller and the Companies will not, and will cause the each Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 Sections 3.14 and 4.14, respectively, is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Gainsco Inc)

Negative Covenant. Except as otherwise expressly permitted by this ----------------- Agreement, between from the date hereof through the Closing Date or earlier termination of this Agreement and the Closing Datepursuant to (S) 7, Sellers Seller will not, and will cause the Company and its Subsidiaries not to, without the prior consent of Buyerthe Purchaser, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 (S) 4(g) is likely to occur, or any of the other representations or warranties in (S) 4 may not then be correct and complete.

Appears in 1 contract

Samples: Stock Purchase Agreement (Gundle SLT Environmental Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreementherein, between the effective date of this Agreement and the Closing Date, Sellers will Seller shall not, and will cause the Company not to, without the prior written Consent of Buyer (which consent of Buyershall not be unreasonably withheld or delayed), take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.11 or 3.16 is would be likely to occur.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cytomedix Inc)

Negative Covenant. Except as otherwise expressly permitted by this AgreementAgreement or described in the Disclosure Letter, between the date of this Agreement and the Closing Date, Sellers and the Companies will not, and will cause the each Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 Sections 3.14, 4.14 and 5.14, respectively, is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Gainsco Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the each Acquired Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 3.15 is likely to occur.

Appears in 1 contract

Samples: Stock Purchase Agreement (Americas Shopping Mall Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the each Subject Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 4.14 is likely to occur.. Other than in the Normal Course of Trading and as reflected in the Disclosure Letter, between the date of this Agreement and the Closing Date, Sellers shall take all necessary action to ensure that:

Appears in 1 contract

Samples: Share Purchase Agreement (Svi Holdings Inc)

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers Seller(s) will not, and will not cause or permit the Company not to, without the prior consent of BuyerPurchaser, take (a) make any affirmative actionmodifications to any Material Contract except in the ordinary course of business and consistent with past business practices, or fail to take (b) enter into any reasonable action within their compromise or its control, as a result settlement of which any of the changes pending or events listed in Section 3.16 is likely to occurthreatened Litigation.

Appears in 1 contract

Samples: Share Purchase Agreement (RHINO BIOTECH LTD)

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