No New Contracts. Not enter into any new contracts or agreements related to the Assets, except contracts to drill on a daywork basis entered into in the ordinary course of business, consistent with past practices and with terms not lasting more than 30 days.
No New Contracts. From and after the Effective Date until the Closing Date, GTA and Tenant will not enter into any contracts, licenses, easements or other agreements relating to the Transferred Property which will obligate Purchaser (including, without limitation, the purchase of any Inventory that Purchaser is obligated to purchase or otherwise incur the expense for pursuant to the terms of this Agreement) or be a charge or lien against the Transferred Property after the Closing Date without prior written approval of Purchaser, except in the ordinary course of business or which are terminable without penalty on no more than thirty (30) days notice.
No New Contracts. Neither Seller nor any of the Companies shall enter into any material contract, agreement, understanding or arrangement, oral or written, without the prior written consent of Buyer, except for rental agreements relating to Rental Equipment entered into in the ordinary course of operating the Business, and except with respect to the items of Rental Equipment described in Section 1.2(iii). Without limiting the generality of the foregoing, neither Seller nor any of the Companies shall enter into any rental/purchase option agreements, whereby any Person has the right or option to purchase or acquire any item or items of Rental Equipment, or sell or otherwise transfer any item of the Acquired Assets, without the prior written consent of Buyer.
No New Contracts. From the date of this Agreement and continuing until Closing, without the prior written consent of Buyer (which Buyer will not unreasonably withhold, and to which Buyer will use its commercially reasonable efforts to respond to respond within three (3) business days of written request by the Xxxxx-Xxxx Parties for same), and with due consideration of Schedule 3.01(k) hereto, Xxxxx- Xxxx Parties shall not enter into any new material agreements or commitments with respect to the Properties, unless such contract is both consistent with past practices and is a contract that can be terminated upon not more than 90 days prior written notice without penalty or payment for such termination; and the Xxxxx-Xxxx Parties will not materially modify or terminate any of the Leases, Contracts or other agreements relating to the Properties, and will not voluntarily compromise or waive any amounts or claims payable to the Xxxxx-Xxxx Parties due to any casualty loss or any pending or threatened taking related to the Properties.
No New Contracts. After Buyer has delivered Buyer's Notice to Proceed, Seller shall not enter into any contract, lease or other agreement that will affect the Property following the Closing, or waive, compromise or settle any rights of Seller under any contract or other agreement that will affect the Property following the Closing, or modify, amend, or terminate any contract or agreement that will affect the Property following the Closing, without in each case obtaining Buyer's prior written consent thereto, which may be withheld in Buyer's sole but reasonable discretion. Seller agrees to terminate prior to the Closing, at no cost or expense to Buyer, any and all agreements or contracts affecting the Property that Buyer advises Seller prior to the end of the Property Approval Period that Buyer does not elect to assume as of the Closing, and Seller shall deliver evidence of such termination to Buyer no later than five (5) days prior to the Closing.
No New Contracts. From and after the Effective Date until the Closing Date, Seller and Tenant will not enter into any contracts, licenses, easements or other agreements relating to the Transferred Property or operation of the Golf Course which will obligate Buyer (including, without limitation, the purchase of any Inventory that Buyer is obligated to purchase or otherwise incur the expense for pursuant to the terms of this Agreement) or be a charge or lien against the Transferred Property after the Closing Date without prior written approval of Buyer, except in the ordinary course of business or which are terminable without penalty on no more than thirty (30) days notice.
No New Contracts. From and after the Effective Date and prior to the Closing, Sellers will not, without the prior written consent of Purchaser, which will not be unreasonably withheld, enter into any new contract, other than an Additional Contract, with respect to the Property.
No New Contracts. During the term of the Lease, Tenant shall not enter into any Contract, agreement or arrangement for the provision of goods or services to be performed, delivered at or otherwise benefitting the Premises, which shall survive the term of the lease unless same may be terminated by Tenant or its successor on no more than 30 days notice.
No New Contracts. Each Seller shall not enter into or assume any new contract, lease, license or commitment which by its terms requires performance subsequent to April 30, 1996 except for such matters which are within the normal and ordinary course of business or which are limited to 12 months and involve an annual monetary commitment or exposure of not more than $20,000 each or $100,000 in the aggregate; provided, however, that each Seller may inform Buyer of any proposed new contracts that it believes will be in Buyer's best interest and Buyer will not unreasonably withhold its prompt approval of such new contracts. Designees of Dr. Xxxxxx xxx Mr. Xxxxxxxx xxxl perform this function.
No New Contracts. From and after the date hereof until the Foreclosure Commencement Date, Laurel Owner shall not enter into any new contracts relating to the Mall requiring payments in excess of $1,000 without approval of the Lenders, except in an emergency or as required by law (provided that Laurel Owner shall have given Lenders prior written notice to the extent reasonably possible under the circumstances).
