Corporation’s Covenants. The Corporation hereby covenants to the Underwriters and to the Purchasers and their permitted assigns, and acknowledges that each of them is relying on such covenants in purchasing the Special Warrants, that the Corporation shall:
Corporation’s Covenants. The Corporation hereby covenants to the Agent and to the Purchasers and their permitted assigns, and acknowledges that each of them is relying on such covenants in purchasing the Units:
Corporation’s Covenants. The Corporation shall comply with all duties set forth under the law, and it agrees to otherwise abide by all affirmative obligations assumed by it pursuant to its Articles of Incorporation, Bylaws or Community Rules, as they now exist and as they may be later amended from time to time. Provided that the Member has provided a safe and properly maintained connection capability, the Corporation agrees to provide water and sewer utilities to the Member's Lot and to maintain these utilities in good and reasonable working order; to plow and maintain roads providing ingress and egress between the Community and the public road, to maintain common areas in a reasonably neat and attractive manner; to responsibly manage the Community and the Corporation's finances, including the payment of liability insurance and property taxes on the land; to duly report the significant and material doings and undertakings of the directorship to the Membership, and any special meetings that may be called from time to time; to provide copies of annual audit of the Corporation's finances; and not to discriminate against the Member in the provision of any services it is required to provide.
Corporation’s Covenants. The Corporation covenants and agrees:
Corporation’s Covenants. The Corporation covenants, undertakes and agrees with the Consultant that it will not, during the Term and for a period of three (3) years from the date of expiration or termination of this Agreement, for any reason whatsoever, either alone or in conjunction with any person, whether as principal, agent, consultant, director, officer, employee, investor, shareholder (other than a holding of shares listed on a recognized North American stock exchange that does not exceed five percent (5%) of the outstanding shares so listed), or in any other manner, whatsoever, directly or indirectly, hire or offer to hire, attempt to, or in any way induce, interfere with, approach, solicit, divert or otherwise obtain the withdrawal from the Consultant, any individual who is employed or engaged by the Consultant or any affiliated entity of the Consultant at the date of expiration or termination of this Agreement or who was employed or engaged by the Consultant or any affiliated entity of the Consultant within the 12 month period prior to the date of expiration or termination of this Agreement.
Corporation’s Covenants. 5.01. So long as Pembrooke shall have any secured debt with the Debtor, Calox Corporation covenants that it will not assign, encumber, hypothecate, mortgage or otherwise dispose, sell and/or transfer any interest in the Monroe County Reserves without the prior written consent and authorization of Pembrooke. Pembrooke shall have (i) the right of first refusal in the event Calox Corporation proposes to sell the Monroe County Reserves to a third party and (ii) the first option to purchase the Reserves from Calox for a period of twenty-four (24) calendar months from the Court's entry of an Order confirming a Plan of Reorganization for the Debtor for a sum of not less than Three Million Five Hundred Thousand Dollars ($3,500,000.00) nor more than Four Million Five Hundred Thousand Dollars ($4,500,000.00). Notwithstanding the foregoing, Calox Corporation may mortgage its remaining fifty (50%) percent interest in the Monroe County Reserves which is not subject to Pembrooke's Mortgage, without Pembrooke's written consent, provided any such mortgage does not violate the terms of the Assignment.
Corporation’s Covenants. 6.01. So long as IPH shall have a mortgage interest upon the property of Calox, Calox covenants that it will not assign, encumber, hypothecate, mortgage or otherwise dispose, sell and transfer any interest in the Monroe County Reserves without the prior written consent and authorization of IPH.
Corporation’s Covenants. 6.01. So long as Pembrooke shall have an interest in the Debtor or Reorganized Debtor in any capacity (i.e. secured creditor or equity holder), Calox Corporation covenants that it will not assign, encumber, hypothecate, mortgage or otherwise dispose, sell and transfer any interest in the Monroe County Reserves without the prior written consent and authorization of Pembrooke. Notwithstanding the foregoing, Calox Corporation may mortgage its Fifty Percent (50%) Working Interest in the Monroe County Reserves which is not subject to Pembrooke's mortgage, without Pembrooke's written consent.
Corporation’s Covenants. So long as this Agreement is in force, and except as otherwise permitted by the prior written consent of the Purchaser, the Corporation covenants as follows:
Corporation’s Covenants. The Corporation covenants and agrees that: (a) after Notice has been given, it shall not withdraw any monies from the Account until such time as the Lender advises Bank in writing that the Lender no longer claims any interest in the Account and the monies deposited and to be deposited in the Account; and (b) it shall not permit the Account to become subject to any other pledge, assignment, lien, charge or encumbrance of any kind, nature or description, other than the Lender’s security interest referred to herein.
