Companies' Obligations Clause Samples
The 'Companies’ Obligations' clause defines the specific duties and responsibilities that a company must fulfill under an agreement. This may include requirements such as providing certain services, maintaining compliance with laws, delivering reports, or meeting performance standards. By clearly outlining what is expected from the company, this clause ensures both parties understand their roles and helps prevent misunderstandings or disputes regarding the company’s performance.
Companies' Obligations. The Software, whether or not modified, and all copies thereof made by any Company, shall be treated by the Companies as trade secrets and proprietary to Vendor, its Subcontractors or its suppliers, as appropriate and Cricket shall, and shall ensure that each Company shall:
(a) Utilize the Software solely in conjunction with the Products; however, Vendor acknowledges that the Software shall be integrated and used across interfaces with systems, equipment and software provided by other suppliers and customers and Vendor expressly consents to such integration and use;
(b) Ensure that all copies of the Software shall, upon any reproduction by such Company authorized by Vendor and whether or not in the same form or format as such Software, contain the same proprietary, confidentiality and copyright notices or legends which appear on the Software provided pursuant hereto; and
(c) Hold secret and not disclose the Software to any person, except to (i) such of its employees, contractors, agents or Affiliates that are involved in the operation or management of a System or Products and need to have access thereto to fulfill their duties in such capacity, or (ii) other Persons who need to use such Software to permit integration of a System or Products with systems and software of other suppliers and customers.
(d) Not modify Software furnished by Vendor under this Agreement.
(e) Only use the Software in connection with the business operations of the Companies or any transferee that has a right to use the Software pursuant to this Section 11. The RTU License does not grant any Company any right to, and no Company will, modify, decompile, reverse engineer, or disassemble, or in any other manner decode Software furnished as object code for any reason, including without limitation, to generate corresponding source code provided in each of the Systems. Except as provided below, no license is granted to any Company to use the Software outside of the United States and its territories.
Companies' Obligations. 4.1 The student/instructor ratio for each Course will be at the discretion of the Company and the Company will determine the aptitude of the Customer for each Course.
4.2 The Company shall hold insurance in respect of at least the minimum legal requirement.
4.3 If the Company considers it necessary to cancel the Training Course due to unsafe weather conditions mutually convenient training dates will be arranged. The Customer will be responsible for any fees for the hire of the Companies equipment. The Customer will be responsible for any further test fees. No refund will be offered for cancellation due to weather.
4.4 The Company reserves the absolute discretion to cancel your training or test if you are unfit due to any reason, including but not confined to misuse of alcohol or drugs. No refund will be payable in such circumstances.
Companies' Obligations. Companies shall, during the term of this Agreement:
6.1 Provide Product training, at mutually acceptable times and places, for a reasonable number of Distributor's personnel, provided that Distributor shall pay all expenses of its personnel attending such training sessions (including without limitation salaries and transportation), while Companies will pay for their own expenses related to such training sessions;
Companies' Obligations. As long as the security interest created by this agreement is not terminated:
(a) Neither of the Companies shall not, without prior consent of the Trustee of the Ravich Trust, sell, assign or otherwise dispose of the Shares, or any interest therein;
(b) Neither of the Companies shall not create, incur, assume or suffer to exist any pledge, security interest, encumbrance, lien or charge of any kind against the Shares or Maker's rights as a holder thereof, other than pursuant to this agreement;
(c) The Companies shall take any action reasonably required by the Ravich Trust to evidence and perfect the security interest granted pursuant to this agreement, including, but not limited to, execution, delivery and filing of financing statements; and
(d) The Companies shall take all necessary action to keep the Shares free of other liens, security interests or encumbrances.
Companies' Obligations. The Companies:
2.5.1. have observed and performed those provisions of the Pension Scheme which apply to it;
2.5.2. may (without the consent of any person or further payment) terminate its liability to contribute to the Pension Scheme at any time subject only to giving such notice (if any) as is expressly provided for in the documentation containing the current provisions governing the Pension Scheme.
Companies' Obligations. The obligations of each Company and the Collateral Rights shall not be discharged, impaired or otherwise affected by:
21.7.1 any winding-up, dissolution, administration or re-organisation of or other change in any Obligor or any other person;
21.7.2 any of the Secured Obligations being at any time illegal, invalid, unenforceable or ineffective;
21.7.3 any time or other indulgence being granted to any Obligor or any other person;
21.7.4 any amendment, variation, waiver or release of any of the Secured Obligations;
21.7.5 any failure to take or failure to realise the value of any other collateral in respect of the Secured Obligations or any release, discharge, exchange or substitution of any such collateral;
21.7.6 any other act, event or omission which but for this provision would or might operate to impair, discharge or otherwise affect the obligations of any Company hereunder.