Closing Covenants of Sellers Sample Clauses

Closing Covenants of Sellers. (a) On the Closing Date, Sellers or Sykes shall provide and deliver to the Company, in the form of irrevocable capital contribution, the aggregate amount of Three Million Five Hundred Thousand United States Dollars (US$3,500,000) for coverage of certain contingent Liabilities of Company, as such amount has been fully negotiated and mutually settled and agreed upon by the Parties. Under no circumstances shall the Company, or the Buyer cause the Company to, use such funds for purposes other than funding the ongoing operations of the Company.
Sample 1
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Closing Covenants of Sellers. 1. Twenty (20) days after the Closing Buyer shall deliver to Seller $50,000, which represents one-half of the first installment of this Asset Purchase Agreement. The second half of the first installment of $50,000 payment is due no later than 45 days from the date of the Regulation D, Rule 506 Private Placement Memorandum, for a total of $100,000.
Sample 1
Closing Covenants of Sellers. (a) On December 15, 2010, SEI shall provide and deliver to the Company, in the form of irrevocable capital contribution, the amount of Nine Million Five Hundred Thousand United States Dollars (US$9,500,000) for coverage of certain contingent Liabilities of Company, as such amount has been fully negotiated and mutually settled and agreed upon by the Parties.
Sample 1

Related to Closing Covenants of Sellers

  • PRE-CLOSING COVENANTS OF SELLER Seller hereby covenants and agrees that, between the date hereof and the Closing, it will comply with the provisions of this Article IV, except to the extent Purchaser may otherwise consent in writing.

  • Covenants of Sellers Sellers agree that:

  • Closing Covenants The Parties agree as follows with respect to the period between the execution of this Agreement and the Closing.

  • Covenants of Seller Seller covenants and agrees with Buyer as follows:

  • Covenants of Seller Prior to Closing Between the date of this Agreement and the Closing:

  • Post-Closing Covenants The Parties agree as follows with respect to the period following the Closing.

  • PRE-CLOSING COVENANTS The Parties agree as follows with respect to the period between the execution of this Agreement and the Closing.

  • COVENANTS OF SELLER AND BUYER Seller and Buyer each covenant with the other as follows:

  • REPRESENTATIONS, WARRANTIES AND COVENANTS OF SELLER AND PURCHASER 4.1 To induce Purchaser to enter into this Agreement, Seller hereby makes for the benefit of Purchaser and its assigns with respect to each Mortgage Loan as of the date hereof (or as of such other date specifically set forth in the particular representation and warranty) each of the representations and warranties set forth on Exhibit 2 hereto, except as otherwise set forth on Schedule 2-A attached to such Exhibit 2. In addition, Seller hereby further represents, warrants and covenants to Purchaser as of the date hereof as follows:

  • Negative Covenants of Seller On and as of the date hereof and each Purchase Date and until this Agreement is no longer in force with respect to any Transaction, Seller shall not without the prior written consent of Buyer:

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