Negative Covenants. So long as any principal of or interest on any Loan or any other Obligations (other than contingent obligations against which no claim has been asserted) are outstanding, each Borrower shall not, and shall cause each Subsidiary not to:

No Credit Party shall, or shall permit any Subsidiary (other than with respect to any Strategic Joint Venture) to, until payment in full of the Obligations and termination of this Agreement:

Borrower shall not, and shall not permit any of its Subsidiaries to, do any of the following without the prior written consent of the Required Lenders:

Negative Covenants. Each of the Security Parties hereby covenants and undertakes with the Lenders that, from the date hereof and so long as any principal, interest or other moneys are owing in respect of this Agreement, the Notes or any other Transaction Documents, it will not, without the prior written consent of the Majority Lenders (or all of the Lenders if required pursuant to [Section 15.8]):

INNOCOLL hereby covenants not to practice, and not to permit or cause or assist any Affiliate, or permit or cause or assist any Third Party to practice, any Licensed Technology for any purpose other than as expressly authorized in this Agreement. Without limiting the generality of the foregoing, INNOCOLL hereby covenants, on behalf of itself and its Affiliates (and shall require any sublicensee under 2.1(b)), not to Exploit, Develop or seek Regulatory Approval for # Licensed Product outside the Licensed Territory or # any product comprising ​ with an active pharmaceutical ingredient other than the Active Ingredient.

So long as any of the Notes are outstanding, the Company covenants that:

Negative Covenants. The Sponsor will not:

Negative Covenants. Borrower and Guarantor covenant and agree with Lender that from the date hereof and so long as any sums are outstanding or may be borrowed hereunder or under any other arrangements between Borrower, Guarantor and Lender, unless Lender shall otherwise consent in writing delivered to Borrower, Borrower and Guarantor will not commit to do or fail to commit to do, any act or thing which would constitute an event of default under any of the terms or provisions hereunder or under any other agreement, mortgage, contract, indenture, document or instrument executed, or to be executed by it, except those that may be contested in good faith, and would not, if settled unfavorably, materially and adversely affects its financial condition.

Negative Covenants. During the term of this Agreement and so long as any Obligations remaining outstanding or unsatisfied, each Obligor, as noted, further covenants and agrees as follows:

Negative Covenants. Borrower covenants and agrees that until payment in full of the principal and interest on the Note, and Borrower’s satisfaction of its obligations hereunder, unless Lender shall otherwise consent in writing, Borrower will not: