Common use of No Adverse Action Clause in Contracts

No Adverse Action. The Company and the Subsidiaries shall refrain, during the period beginning on the Execution Date and ending on the Termination Date, from taking any action or entering into any arrangement which in any way materially and adversely affects the provisions of the Certificate of Designation, this Agreement or any other Transaction Document.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Applied Digital Solutions Inc), Securities Purchase Agreement (Worldgate Communications Inc), Securities Purchase Agreement (Neomagic Corp)

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No Adverse Action. The Company and the Subsidiaries shall ----------------- refrain, during the period beginning on the Execution Date and ending on the Termination Date, from taking any action or entering into any arrangement which in any way materially and adversely affects violates the provisions terms of the Certificate of Designation, this Agreement or any other Transaction Document.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Applied Digital Solutions Inc), Securities Purchase Agreement (Applied Digital Solutions Inc)

No Adverse Action. The Company and the its Subsidiaries shall refrain, ------------------- during the period beginning on the Execution Date and ending on the Termination Date, from taking any action or entering into any arrangement which in any way materially and adversely affects the provisions of the Certificate of Designation, this Agreement or any other Transaction Document.

Appears in 1 contract

Samples: Securities Purchase Agreement (Citadel Security Software Inc)

No Adverse Action. The Company and the its Subsidiaries shall refrain, during the period beginning on the Execution Date and ending on the Termination Date, from taking any action or entering into any arrangement which in any way materially and adversely affects the provisions of the Certificate Articles of DesignationAmendment, this Agreement or any other Transaction Document.

Appears in 1 contract

Samples: Escrow Agreement (Mediabay Inc)

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No Adverse Action. The Company and the its Subsidiaries shall refrain, during the period beginning on the Execution Date and ending on the Termination Date, from taking any action or entering into any arrangement which in any way materially and adversely affects the provisions of the Certificate of Designation, this Agreement or any other Transaction Document.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tag Entertainment Corp)

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