Common use of Negative Covenant Clause in Contracts

Negative Covenant. Except as otherwise expressly permitted herein, between the date of this Agreement and the Closing Date, Seller shall not, and the Shareholder shall not permit Seller to, without the prior written consent of Buyer, (a) take any affirmative action, or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 3.7 would be materially more likely to occur; (b) make any material modification to any material contract or governmental authorization; (c) allow the levels of raw materials, supplies or other materials included in the inventories to vary materially from the levels customarily maintained; or (d) enter into any compromise or settlement of any material litigation, proceeding or governmental investigation relating to the Assets, the business of Seller or the Assumed Liabilities.

Negative Covenant. Except as otherwise expressly permitted herein, between the date of this Agreement and the Closing Date, Seller shall not, and the Shareholder shall not permit Seller to, without the prior written consent Consent of Buyer, : (a) take any affirmative action, or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 3.7 Sections 3.12 or 3.16 would be materially more likely to occur; (b) make any material modification to any material contract Contract or governmental authorizationGovernmental Authorization related to the Business; (c) allow the levels of raw materials, supplies supplies, or other materials included in the inventories Inventories to vary materially from the levels customarily maintained; or (d) enter into any compromise or settlement of any material litigation, proceeding proceeding, or governmental investigation relating to the Assets, the business of Seller Business, or the Assumed Liabilities.

Negative Covenant. Except as otherwise expressly permitted herein, between the date of this Agreement and the Closing Date, Seller and Subsidiary shall not, and the Shareholder Shareholders shall not permit Seller or Subsidiary to, without the prior written consent Consent of BuyerBuyers, (a) take any affirmative action, or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 3.7 Sections 3.15 or 3.19 would be materially more likely to occur; (b) make any material modification to any material contract Contract or governmental authorizationGovernmental Authorization; (c) allow the levels of raw materials, supplies or other materials included in the inventories Inventories to vary materially from the levels customarily maintained; or (d) enter into any compromise or settlement of any material litigation, proceeding or governmental investigation relating to the Assets, the business of Seller Business or the Assumed Liabilities.

Negative Covenant. Except as otherwise expressly permitted herein, between the date of this Agreement and the Closing Date, Seller the Company shall not, and the Shareholder shall not permit Seller to, without the prior written consent of BuyerDelta, (a) take any affirmative action, or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 3.7 Sections 2.1.3(b) or 2.1.19 would be materially more likely to occur; (b) make any material modification to any material contract Material Agreement or governmental Governmental authorization; (c) allow the levels of raw materials, supplies or other materials included in the inventories Company's inventory to vary materially from the levels customarily maintained; or (d) enter into any compromise or settlement of any material litigation, proceeding or governmental investigation relating to the Assets, the business of Seller the Company or the Assumed Liabilities.

Negative Covenant. Except as otherwise expressly permitted herein, between the date of this Agreement Date and the Closing Date, Seller shall not, and the Shareholder shall not permit Seller to, without the prior written consent Consent of Buyer, CTI Seller shall not: (a) take any affirmative action, or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 3.7 Sections 5.13 or 5.17 would be materially more likely to occur; (b) make any material modification to any material contract Contract or governmental authorizationGovernmental Authorization; (c) allow the levels of raw materials, supplies or other materials included in the inventories Inventories to vary materially from the levels customarily maintained; or (d) enter into any compromise or settlement of any material litigation, proceeding or governmental investigation relating to the Assets, the business of Seller or the Assumed Liabilities.

Negative Covenant. Except as otherwise expressly permitted herein, between the date of this Agreement and the Closing Date, Seller shall not, and the Shareholder shall not permit Seller to, without the prior written consent Consent of Buyer, (a) take any affirmative action, or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 3.7 Sections 3.14 or 3.18 would be materially more likely to occur; (b) make any material modification to any material contract Contract or governmental authorizationGovernmental Authorization relating to the Divisions; (c) allow the levels of raw materials, supplies or other materials included in the inventories Inventories to vary materially from the levels customarily maintained; or (d) enter into any compromise or settlement of any material litigation, proceeding or governmental investigation relating to the Assets, the business of Seller Divisions or the Assumed Liabilities.

Negative Covenant. Except as otherwise expressly permitted herein, between the date of this Agreement and the Closing Date, Seller shall not, and the Shareholder shall not permit Seller to, without the prior written consent Consent of Buyer, (a) take any affirmative action, or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 3.7 Sections 4.14 or 4.18 would be materially more likely to occur; (b) make any material modification to any material contract Business Contract or governmental authorizationGovernmental Authorization; (c) allow the levels of raw materials, supplies or other materials included in the inventories Inventories to vary materially from the levels customarily maintained; or (d) enter into any compromise or settlement of any material litigation, proceeding or governmental investigation relating to the Business, Assets, the business of Seller Licensed Intellectual Property or Shared Know-How or the Assumed Liabilities.

Negative Covenant. Except as otherwise expressly permitted herein, between the date of this Agreement and the Closing Date, Seller shall not, and the Shareholder shall not permit Seller to, without the prior written consent Consent of Buyer, (a) take any affirmative action, or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 3.7 Sections 3.15 or 3.19 would be materially more likely to occur; (b) make any material modification to any material contract Contract or governmental authorizationGovernmental Authorization; (c) allow the levels of raw materials, supplies or other materials included in the inventories Inventories to vary materially from the levels customarily maintained; or (d) enter into any compromise or settlement of any material litigation, proceeding or governmental investigation relating to the Assets, the business of Seller or the Assumed Liabilities.

Negative Covenant. Except as otherwise expressly permitted herein, between the date of this Agreement and the Closing Date, Seller shall not, and the Shareholder Shareholders shall not permit Seller to, without the prior written consent Consent of Buyer, (a) take any affirmative action, or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 3.7 Sections 3.15 or 3.19 would be materially more likely to occur; (b) make any material modification to any material contract Contract or governmental authorizationGovernmental Authorization; (c) allow the levels of raw materials, supplies or other materials included in the inventories Inventories to vary materially from the levels customarily maintained; or (d) enter into any compromise or settlement of any material litigation, proceeding Proceeding or governmental investigation of any Governmental Body relating to the Assets, the business of Seller or the Assumed Liabilities.

Negative Covenant. Except as otherwise expressly permitted herein, between the date of this Agreement and the Closing Date, Seller shall not, and the Shareholder Members shall not permit Seller to, without the prior written consent Consent of Buyer, (a) take any affirmative action, or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 3.7 Sections 3.15 or 3.19 would be materially more likely to occur; (b) make any material modification to any material contract Contract or governmental authorizationGovernmental Authorization; (c) allow the levels of raw materials, supplies or other materials included in the inventories Inventories to vary materially from the levels customarily maintained; or (d) enter into any compromise or settlement of any material litigation, proceeding or governmental investigation relating to the Assets, the business of Seller or the Assumed Liabilities.

Negative Covenant. Except as otherwise expressly permitted herein, between the date of this Agreement and the Closing DateSecond Closing, Seller shall not, and none of the Shareholder other Selling Parties shall not permit Seller to, without the prior written consent Consent of Buyer, (a) take any affirmative action, or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 3.7 Sections 3.14 or 3.18 would be materially more likely to occur; (b) make any material modification to any material contract Contract or governmental authorizationGovernmental Authorization; (c) allow the levels of raw materials, supplies or other materials included in the inventories Inventories to vary materially from the levels customarily maintained; or (d) enter into any compromise or settlement of any material litigation, proceeding or governmental investigation relating to the Assets, the business of Seller Business or the Assumed Liabilities.