No Restrictive Covenants Clause Samples
The No Restrictive Covenants clause prohibits the inclusion or enforcement of contractual terms that would limit a party’s ability to engage in certain activities, such as working for competitors, soliciting clients, or operating similar businesses after the agreement ends. In practice, this means that neither party can impose non-compete, non-solicitation, or similar restrictions on the other as part of the contract. The core function of this clause is to preserve each party’s freedom to conduct business and pursue opportunities without being subject to post-contractual limitations, thereby preventing unfair constraints on professional mobility or competition.
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No Restrictive Covenants. Executive represents and warrants to the Company that he is not subject to any agreement restricting his ability to enter into this Employment Agreement and fully carry out his duties and responsibilities hereunder. Executive hereby indemnifies and holds the Company harmless against any losses, claims, expenses (including reasonable attorneys’ fees), damages or liabilities incurred by the Company as a result of a breach of the foregoing representation and warranty.
No Restrictive Covenants. Employee represents and warrants that he is not subject to any restrictive covenant which would prohibit or limit any of the services that Employee must perform as contemplated by this Agreement.
No Restrictive Covenants. No Subsidiary of the Borrower is party to, or otherwise bound by, any agreement or other arrangement that prohibits such Subsidiary from making any payments, directly or indirectly, to the Borrower, by way of dividends, advances, repayment of loans or advances, reimbursements of management or other intercompany charges, expenses and accruals or other returns on investment, or any other agreement or arrangement that restricts the ability of such Subsidiary to make any payment, directly or indirectly, to the Borrower, other than prohibitions and restrictions permitted to exist under Section 6.12.
No Restrictive Covenants. No Shareholder shall enter into or become subject to any contract, agreement, restriction or covenant which would apply to the Company so as to impair or inhibit the Company's ability to conduct its business as contemplated herein or otherwise frustrate the business of the Company.
No Restrictive Covenants. MSM does not impose restrictive covenants or non-competition clauses on Resident graduates and alumni.
No Restrictive Covenants. Company will not within one year of the Execution Date enter into any agreement, understanding or arrangement directly or indirectly blocking or restricting in any manner the terms of any existing or potential transaction with Purchaser or any Affiliate of Purchaser, including without limitation the issuance of any form of securities, or which provides for any reset, adjustment or change to any terms of any agreement with any other Person or any securities issued to any other Person based upon, arising out of, or relating to any future transaction with Purchaser or any Affiliate of Purchaser, or any issuance of any form of security to Purchaser or any Affiliate of Purchaser, and any such agreement shall be void ab initio and ineffective for any purpose whatsoever.
No Restrictive Covenants. No Partner shall enter into or become ------------------------ subject to any contract, agreement, restriction or covenant (other than an Approved Agreement) which would impair or inhibit the Partnership's ability to obtain financing without recourse to the Partners (collectively, "Restrictive Covenants"), and each Partner represents and warrants to the other Partners that, on the Effective Date, it is not subject to any Restrictive Covenants.
No Restrictive Covenants. Executive represents and warrants to the Company that he is not subject to any agreement restricting his ability to enter into this Agreement and fully carry out his duties and responsibilities hereunder and that the performance by Executive of the services, duties and responsibility under this Agreement does not constitute a breach of, or otherwise contravene, the terms of any other non-competition agreement, non-solicitation agreement, employment agreement, or other agreement or policy to which Executive is party or otherwise bound. Executive hereby indemnifies and holds the Company and Affiliated Entities harmless against any losses, claims, expenses (including reasonable attorneys’ fees), damages, or liabilities incurred by the Company and any of the Affiliated Entities as a result of a breach of the foregoing representation and warranty.
No Restrictive Covenants. The Company is not a party to any Material Agreement which prevents it from engaging in mining or exploration operations.
No Restrictive Covenants. There are no agreements to which the Company or any Subsidiary is a party or by which the Company or any Subsidiary or any of their respective properties, assets, directors or officers are subject or bound which limits or purports to limit the freedom of the Company or any Subsidiary or any of their respective directors or officers affiliates to compete in any material line of business or any geographic area to which the Company or any Subsidiary is a party or subject, except for employment, severance, equity awards and similar written agreements between the Company and/or the Bank and their respective directors and officers disclosed in Section 2.24 of the Disclosure Schedule that, for the benefit of the Company and its Subsidiaries, restrict the activities of such directors or officers.