No Commitments Sample Clauses
The "No Commitments" clause establishes that neither party is legally bound to proceed with a transaction or agreement unless and until a formal contract is executed. In practice, this means that any discussions, negotiations, or preliminary documents exchanged between the parties are considered non-binding and do not obligate either side to move forward. This clause is essential for protecting both parties during early negotiations, as it prevents misunderstandings and ensures that no enforceable obligations arise until all terms are formally agreed upon.
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No Commitments. In dealing with third parties with respect to the Company's business or on behalf of the Company, the Members shall act in accordance with policies established by the Management Committee or by consent of a Majority-in-Interest of the Members. No Member shall, in the name of or on behalf of the Company, sign or execute any contract, instrument or document, perform any other act, engage in any transaction, commit or bind the Company to any act, contract, instrument or document, or incur any debt, except as expressly permitted by this Agreement or with the written concurrence of a Majority-in-Interest of the Members.
No Commitments. Seller has made no commitment to any person or entity relating to the Property which would impose an obligation upon Seller or its successors to make any contributions or dedications of money or land, or to construct, install or maintain any improvements as part of the Property or upon separate lands.
No Commitments. To Crow's knowledge, no commitments have been made to -------------- any Governmental Authority, utility company, school board, church or other religious body, or any homeowners' association or any other organization, group or individual, relating to the Property which would impose an obligation upon Patriot to make any contribution or dedication of money or land or to construct, install or maintain any improvements of a public or private nature on or off the Property.
No Commitments. Any commitment or transaction by Company (including, without limitation, any borrowing or capital expenditure) other than in the ordinary course of business consistent with past practice;
No Commitments. Subscriber represents that Broadvoice has made no commitments or promises orally or in writing with respect to delivery of any future features or functions. Broadvoice has no obligation to provide any future releases or upgrades or any features, enhancements or functions, unless specifically agreed to by both Parties. Subscriber acknowledges that its purchasing decisions are not based upon any future features or functions.
No Commitments. To Contributor’s knowledge, no commitments have been made to any Governmental Authority, utility company, school board, church or other religious body, or any homeowners’ association or any other organization, group or individual, relating to the Property which would impose an obligation upon the Partnership to make any contribution or dedication of money or land or to construct, install or maintain any improvements of a public or private nature on or off the Property.
No Commitments. Any material commitment or transaction by any of the Partnerships (including, without limitation, any borrowing or capital expenditure) other than in the ordinary course of business;
No Commitments. Employee represents and warrants to Company that Employee has no outstanding commitments inconsistent with any of the terms of this Agreement or the services to be rendered by Employee hereunder.
No Commitments. Any material commitment or transaction by the Seller (including, without limitation, any borrowing or capital expenditure) other than in the ordinary course of business consistent with past practice;
No Commitments. The CCC Company has not committed or obligated itself in any manner whatsoever to assign or sublease the Plant Property to any Person other than as contemplated by this Agreement. The CCC Company has not committed or obligated itself in any manner whatsoever to place any encumbrance on the Plant Property or any portion thereof except for the Permitted Liens.