Covenant of the Purchaser. The Purchaser covenants to deliver all of the closing documentation set out in Section 8.1.
Covenant of the Purchaser. The Purchaser hereby covenants and agrees with the Seller that, from the date hereof until the termination of this Agreement, unless the Seller otherwise consents in writing, the Purchaser shall comply with Section 9(c) of the Purchaser’s amended and restated limited liability company agreement dated as of November 30, 2017.
Covenant of the Purchaser. The Purchaser covenants to deliver to the Target on or before the Closing Date all of the Closing documentation set out in Section 9.1, and such other documents as the Target may reasonably require to effect the transactions contemplated hereby.
Covenant of the Purchaser. The Purchaser will perform all of its obligations under this Agreement and the Master Agreement in a timely manner.
Covenant of the Purchaser. The Purchaser hereby covenants and agrees to make this Agreement publicly available, including by filing this Agreement on SEDAR.
Covenant of the Purchaser. The Purchaser covenants and agrees to establish, maintain and collect rates and charges for the service of its electric system, and to conduct its business, in a manner which shall produce revenues and receipts at least sufficient to enable the Purchaser to pay to the Seller, when due, all amounts payable by the Purchaser under this Agreement and to pay any and all other amounts payable from, or which might constitute a charge and a lien upon, the revenues and receipts derived from its electric system, including all operation and maintenance expenses and the principal of, premium, if any, and interest on all indebtedness related to the Purchaser’s electric system.
Covenant of the Purchaser. 5.1 Forthwith after execution and delivery of this Agreement and the Non-Principals Agreements, the Purchaser will take such steps and proceedings as may be reasonably required to obtain the acceptance for filing by the TSXV of this Agreement and the Non- Principals Agreements and the transactions contemplated hereby, and any necessary consents or approvals from the Commissions and any other applicable regulatory authority, with respect to the transactions contemplated by this Agreement and the Non- Principals Agreements including, without limitation, the acquisition of the Corporation Shares and Corporation Warrants and the issuance of the Everton Shares and Everton Warrants, and will comply with all applicable statutes and regulations and with all policy statements of the Commissions and the by-laws, rules and policies of the TSXV.
Covenant of the Purchaser. Upon the receipt by the Company of (i) the net proceeds of the refunded portion of the workers’ compensation policy issued by AIG covering the employees of TradeStar Construction Services, Inc., resulting from the sale of substantially all of the assets of such subsidiary on October 26, 2007, and (ii) the release of the balance of $1,600,000 of the proceeds from the Company’s sale of all of its stock in Petroleum Engineers, Inc. on March 11, 2008, which is currently escrowed with U.S. Bank, National Association, the Purchaser covenants and agrees that he shall cause the Company to pay the principal amount and accrued interest due and owing by the Company to each holder of Unsecured Promissory Notes dated May 23, 2006.
Covenant of the Purchaser. The Purchaser covenants that if the consent and waivers of the Government of Nova Scotia contemplated in clause (i) of Section 6.7(f) have not been obtained on or prior to the Closing Date, the Purchaser shall pay to Alcatel on behalf of the Company simultaneously with the consummation of the Closing the amount of Canadian $6,418,616.00 (such amount being equal to eighty percent (80%) of the Investment Amount) in full satisfaction and discharge of all obligations and liabilities of the Company under the Funding Agreement, which satisfaction and discharge shall be in form and substance satisfactory to the Purchaser acting reasonably and shall be delivered to the Purchaser against payment of such amount by the Purchaser; provided that the Purchaser shall not be obligated to make such payment if Alcatel has not received on or before Closing from the Government of Nova Scotia the satisfaction and discharge contemplated in clause (ii) of Section 6.7(f) or if any condition precedent to the Purchaser's obligation to consummate the Closing has not been satisfied or waived by the Purchaser on or prior to the Closing Date."
(m) Section 6.6(i) of the Agreement is deleted and replaced with the following: "Either (i) the satisfaction and discharge of all obligations and liabilities of the Company under the Funding Agreement contemplated in Section 4.10 has been delivered to the Purchaser, or (ii) (A) all right, title and interest of Alcatel in, under and to the N.S. Investment Agreement has been assigned to the Purchaser or an Affiliate of the Purchaser effective as of the Closing Date, (B) all right, title and interest of Alcatel in, under and to the Funding Agreement has been assigned to the Purchaser or an Affiliate of the Purchaser effective as of the Closing Date, (C) there shall have been delivered to the Purchaser an amendment to the N.S. Investment Agreement clarifying the definition of "Gross Annual Sales" thereunder, and (D) there shall have been delivered to the Purchaser the consent of the Government of Nova Scotia to the assignments contemplated in clauses (ii)(A) and (ii)(B) above together with waivers of any default by Alcatel under the N.S. Investment Agreement and of any default by the Company under the Funding Agreement and releases, all in form and substance satisfactory to the Purchaser, acting reasonably."
(n) Section 6.7(e) of the Agreement is deleted.
(o) Section 6.7(f) of the Agreement is deleted and replaced with the following:
(i) the consent ...
Covenant of the Purchaser. The Purchaser covenants and agrees that he/she will not directly nor indirectly object to nor oppose any official plan amendment(s), rezoning application(s), subdivision application(s), minor variance application(s) and/or site plan application(s), nor any other applications ancillary thereto relating to the development of the Property, or any neighbouring or adjacent lands. The Purchaser further acknowledges and agrees that this covenant may be pleaded as an estoppel or bar to an opposition or objections raised by the Purchaser thereto.
