Common use of Basis for Covenants Clause in Contracts

Basis for Covenants. The covenants of Sections 9.2, 9.3 and 9.4 (the "Covenants") are a material part of this Agreement and are an integral part of the obligations of the Seller hereunder; the Covenants are supported by good and adequate consideration; and the Covenants are reasonable and necessary to protect the legitimate business interests of the Company and Buyer.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Nco Group Inc), Stock Purchase Agreement (Medaphis Corp)

Basis for Covenants. The covenants of Sections 9.28.2, 9.3 8.3, 8.4 and 9.4 8.5 (the "Covenants") are a material part of this Agreement and are an integral part of the obligations of the Seller Sellers hereunder; the Covenants are supported by good and adequate consideration; and the Covenants are reasonable and necessary to protect the legitimate business interests of the Company and BuyerNCO Companies.

Appears in 1 contract

Sources: Asset Acquisition Agreement (Nco Group Inc)

Basis for Covenants. The covenants of Sections 9.213.2, 9.3 13.3, 13.4 and 9.4 13.5 (the "β€œCovenants"”) are a material part of this Agreement and are an integral part of the obligations of the Seller hereunder; , the Covenants are supported by good and adequate consideration; consideration and the Covenants are reasonable and necessary to protect the legitimate business interests of the Company Buyer and BuyerEncore.

Appears in 1 contract

Sources: Asset Purchase Agreement (Encore Capital Group Inc)

Basis for Covenants. The covenants of Sections 9.2, 9.3 12.2 and 9.4 ------------------- 12.3 (the "Covenants") are a material part of this Agreement and are an integral part of the obligations of the Seller hereunder; the Covenants are supported by good and adequate consideration; and the Covenants are reasonable and necessary to protect the legitimate business interests of the Company and Buyer.

Appears in 1 contract

Sources: Asset Acquisition Agreement (Telespectrum Worldwide Inc)

Basis for Covenants. The covenants of Sections 9.211.2, 9.3 11.3 and 9.4 11.4 (the "Covenants") are a material part of this Agreement and are an integral part of the obligations of the Seller Sellers hereunder; the Covenants are supported by good and adequate consideration; and the Covenants are reasonable and necessary to protect the legitimate business interests of the Company and BuyerNCO Companies.

Appears in 1 contract

Sources: Stock Purchase Agreement (Nco Group Inc)

Basis for Covenants. The covenants of Sections 9.2, 9.3 12.2 and 9.4 12.3 (the "Covenants") are a material part of this Agreement and are an integral part of the obligations of the Seller hereunder; the Covenants are supported by good and adequate consideration; and the Covenants are reasonable and necessary to protect the legitimate business interests of the Company and Buyer.

Appears in 1 contract

Sources: Asset Acquisition Agreement (Nco Group Inc)