Company's Undertaking Sample Clauses
The "Company’s Undertaking" clause sets out the specific promises or commitments that the company makes under the agreement. Typically, this clause details the actions the company agrees to perform, such as delivering goods, providing services, or adhering to certain standards or regulations. For example, it may require the company to maintain confidentiality, comply with applicable laws, or ensure timely delivery of products. The core function of this clause is to clearly define the company’s obligations, thereby providing assurance to the other party and establishing a basis for accountability if the company fails to meet its commitments.
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Company's Undertaking. The Company undertakes with each of the Parties to be bound by and comply with the terms and conditions of this Agreement insofar as the same relate to the UK-2421132-v8 - 24 - 95-40469850 This page is part of the Shareholders' Agreement entered into as of 30 April 20 l O by and between BSG Resources Company and to act in all respects as contemplated by this Agreement provided always that the Company is excluded from obligations to the extent they would constitute unlawful ▇▇▇▇▇▇▇ on its powers.
Company's Undertaking. 5.1 The Company shall be responsible for all the credit risks relating to the sales of the Products.
Company's Undertaking. The Company acknowledges that the transaction contemplated herein is beneficial to the Company and as a condition to and in consideration of the parties entering into this transaction, the receipt, sufficiency and validity of which are hereby acknowledged by the Company, hereby undertakes to the Seller and the Purchasers that it shall:
i. execute the relevant instrument(s) prior to Closing in order that the Company complies with The Interim Regulation on Merger and Acquisition of Domestic Enterprises by Foreign Investors, promulgated on August 8, 2006 and effective as of September 8, 2006; ii. make payment of $500,000 or the Renminbi (Chinese currency) equivalent of the same representing the remainder of the Purchase Price to the Seller in accordance with ▇▇▇▇▇▇▇ ▇▇ (▇▇▇) above;
iii. appoint a Big 10 accounting firm as its independent auditor within six (6) months of the date of Closing;
iv. provided the Company is eligible, apply to list on the NYSE Amex within three (3) months of the Closing;
v. issue or cause to be issued to Sichenzia ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ LLP 60,000 shares of common stock of the Company in part payment of its past legal fees;
vi. not effect or enter into or be in any agreement to effect any transaction involving a “Variable Rate Transaction” or an “MFN Transaction” (each as defined below) for a period of three (3) years from Closing. The term “Variable Rate Transaction” shall mean a transaction in which the Company issues or sells (i) any debt or equity securities that are convertible into, exchangeable or exercisable for, or include the right to receive additional shares of common stock either (A) at a conversion, exercise or exchange rate or other price that is based upon and/or varies with the trading prices of or quotations for the shares of common stock at any time after the initial issuance of such debt or equity securities, or (B) with a conversion, exercise or exchange price that is subject to being reset at some future date after the initial issuance of such debt or equity security or upon the occurrence of specified or contingent events directly or indirectly related to the business of the Company or the market for the common stock. The term “MFN Transaction” shall mean a transaction in which the Company issues or sells any securities in a capital raising transaction or series of related transactions which grants to an investor the right to receive additional shares based upon future transactions of the Company on terms more ...