Common use of Charitable Commitments Clause in Contracts

Charitable Commitments. Buyer is committed to supporting charitable activities in the communities which the Company serves consistent with the Company’s past practices and agrees that, for a period of three (3) years following the Effective Time, Buyer will continue the Company’s charitable giving in the region currently served by the Company at an annual level of at least $300,000. Determinations regarding the allocation of these funds shall be made by Buyer in consultation with the Regional President.

Charitable Commitments. Buyer is committed to supporting charitable activities in the communities which the Company serves consistent with the Company’s past practices and agrees thatthat it will honor all charitable commitments of the Company as of the Effective Time and, for a period of three (3) years following the Effective Time, Buyer will continue the Company’s charitable giving in the region currently served by the Company at an annual level as set forth on Schedule 6.17 of at least $300,000the Company Disclosure Schedule. Determinations regarding the allocation of these funds shall be made by Buyer in consultation with the Regional PresidentBuyer.