Common use of Covenant by Controlling Shareholders Clause in Contracts

Covenant by Controlling Shareholders. Each Controlling Shareholder hereby agrees to take such actions as may be necessary to cause each of his or its Controlled Shareholders to fully and faithfully perform and discharge its obligations under this Agreement and to comply with the terms and conditions of this Agreement; provided that the foregoing shall not constitute a guarantee of payment of any amount payable hereunder.

Appears in 12 contracts

Samples: Shareholder Agreement, Shareholders Agreement (Matthews Terence H), Shareholders Agreement (Francisco Partners GP II Management, LLC)

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