Common use of Undertakings and Acknowledgments Clause in Contracts

Undertakings and Acknowledgments. 12.1. We agree that neither one of us nor our lawyers will initiate any legal proceeding, or take any further steps in an existing legal proceeding, during the mediation process. The only exceptions to this are as follows: (a) All Parties consent in writing prior to any action being taken; or (b) There are urgent circumstances warranting an order without notice. 12.2. We agree that neither one of us nor our lawyers will, without the other Party’s prior written consent, take any of the following actions during the mediation process: (a) Attempt to dispose of (including but not limited to destroy, sell, or transfer) or mortgage any property or asset or interest in a property or asset; (b) Incur any significant debt; or (c) Change beneficiaries of life insurance plans, death benefits, or health insurance plans.

Undertakings and Acknowledgments. 12.113.1. We agree that neither one of us nor our lawyers will initiate any legal proceeding, proceeding or take any further steps in an existing legal proceeding, during the mediation process. The only exceptions to this are as follows: (a) All Parties consent in writing prior to any action being taken; , or (b) There are urgent circumstances warranting an order without notice. 12.213.2. We agree that neither one of us nor our lawyers will, without the other Party’s Parties’ prior written consent, take any of the following actions during the mediation process: (a) Attempt to dispose of (including including, but not limited to to, destroy, sell, or transfer) or mortgage any property or asset or interest in a property or asset; (b) Incur any significant debt; or (c) Change beneficiaries of life insurance plans, death benefits, or health insurance plans.

Undertakings and Acknowledgments. 12.113.1. We agree that neither one of us nor our lawyers will initiate any legal proceeding, proceeding or take any further steps in an existing legal proceeding, during the mediation process. The only exceptions to this are as follows: (a) All Parties consent in writing prior to any action being taken; or (b) There are urgent circumstances warranting an order without notice. 12.213.2. We agree that neither one of us nor our lawyers will, without the other Party’s Parties’ prior written consent, take any of the following actions during the mediation process: (a) Attempt to dispose of (including but not limited to destroy, sell, or transfer) or mortgage any property or asset or interest in a property or asset; (b) Incur any significant debt; or (c) Change beneficiaries of life insurance plans, death benefits, or health insurance plans.