{'index': 4, 'text': ' Section 4.1 Negative Covenants. (a) Meruelo Trust. From the date hereof through the Closing and except in connection with the Formation Transactions or as described or will be described in the Registration Statement, Meruelo Trust shall not, without the prior written consent of the Company: (i) sell, transfer or otherwise dispose (or agree to sell, transfer or otherwise dispose) of, or cause the sale, transfer or disposition of (or agree to do any of the foregoing) S Corp Stock; or (ii) encumber or pledge (or permit to become encumbered or pledged) all or any S Corp Stock owned by it, other than Permitted CalPERS Claims.'}
Instruction: Read the segment of a merger agreement and answer the multiple-choice question by choosing the option that best characterizes the agreement.
Question: What negative covenants does the requirement of Buyer consent apply to?
Option A: Applies only to specified negative covenants
Option B: Applies to all negative covenants

Merger Agreement: Except (w) with respect to the Specified Exceptions (other than as applied to Section 5.1(a), Section 5.1(b), or Section 5.1(k)), (x)   25   as otherwise expressly contemplated or permitted by this Agreement, (y) as set forth in Section 5.1 of the Company Disclosure Schedule, or (z) with the Parent’s consent (which shall not be unreasonably withheld, conditioned or delayed), during the Pre-Closing Period the Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, do any of the following: (Pages 29-30)
Answer: B

Merger Agreement: {{text}}
Answer:
Instruction: Read the segment of a merger agreement and answer the multiple-choice question by choosing the option that best characterizes the agreement.
Question: What negative covenants does the requirement of Buyer consent apply to?
Option A: Applies only to specified negative covenants
Option B: Applies to all negative covenants
Merger Agreement:  Section 4.1 Negative Covenants. (a) Meruelo Trust. From the date hereof through the Closing and except in connection with the Formation Transactions or as described or will be described in the Registration Statement, Meruelo Trust shall not, without the prior written consent of the Company: (i) sell, transfer or otherwise dispose (or agree to sell, transfer or otherwise dispose) of, or cause the sale, transfer or disposition of (or agree to do any of the foregoing) S Corp Stock; or (ii) encumber or pledge (or permit to become encumbered or pledged) all or any S Corp Stock owned by it, other than Permitted CalPERS Claims.
Answer: