Restrictive Obligations Clause Samples

A Restrictive Obligations clause sets out specific actions or behaviors that a party is prohibited from undertaking during the term of an agreement. Typically, this may include restrictions on competing with the other party, soliciting their clients or employees, or disclosing confidential information. By clearly defining what is not permitted, this clause helps protect the interests of the parties involved and prevents conduct that could undermine the agreement’s objectives.
Restrictive Obligations. In exchange for the Award pursuant to this Agreement which Participant acknowledges that Participant is not otherwise entitled to, Participant agrees to be bound by and comply with the following obligations which will survive the termination or expiration of this Agreement: (a)
View SourceView Similar (4)
Restrictive Obligations. In exchange for the Award pursuant to this Agreement which Optionee acknowledges that Optionee is not otherwise entitled to, Optionee agrees to be bound by and comply with the following obligations which will survive the termination or expiration of this Agreement: (a)
View SourceView Similar (3)
Restrictive Obligations. In addition to the changes made for the acquisition, from the date of signing this Agreement to the completion of the transfer of documents and assets in accordance with Article 3.5.3 of this Agreement (the “Transition Period”), the Transferor undertakes that the Target Company shall maintain normal operations, the expense process shall comply with financial regulations, maintain the Target Company’s books and maintain normal operating funds, and the Target Company’s cash flow will be positive during the period from the signing of this Agreement to the end of the Transition Period.
View Source

Related to Restrictive Obligations

  • Restrictive Agreements The Borrower will not, and will not permit any of the Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrower or any Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect to any shares of its capital stock or to make or repay loans or advances to the Borrower or any other Subsidiary or to Guarantee Indebtedness of the Borrower or any other Subsidiary; provided that (i) the foregoing shall not apply to restrictions and conditions imposed by law or by this Agreement, (ii) the foregoing shall not apply to restrictions and conditions existing on the date hereof identified on Schedule 6.08 (but shall apply to any amendment or modification expanding the scope of, any such restriction or condition), (iii) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder, (iv) clause (a) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness, (v) clause (a) of the foregoing shall not apply to customary provisions in leases and other contracts restricting the assignment thereof, (vi) the foregoing shall not apply to such restrictions and conditions applicable to any Subsidiary acquired after the date hereof if such restrictions and conditions existed at the time such Subsidiary was acquired and were not created in anticipation of such acquisition and (vii) the foregoing shall not apply to one or more Subsidiaries having any such restriction or condition so long as any such Subsidiary is not a Material Subsidiary, and each such Subsidiary together with all other such Subsidiaries in the aggregate shall not account for more than 10% of the gross revenues for the most recently ended fiscal year of the Borrower and the Subsidiaries, taken as a whole.