Common use of Covenant to Remedy Breaches Clause in Contracts

Covenant to Remedy Breaches. Without limiting the obligations of any Grantor set forth in this Option Agreement, each Grantor covenants to use all reasonable efforts within its control (i) to prevent the breach of any representation or warranty of such Grantor hereunder, (ii) to satisfy all covenants of such Grantor hereunder and (iii) to promptly cure any breach of a representation, warranty or covenant of such Grantor hereunder upon its learning of same. Compliance with this covenant shall not limit any Grantor’s liability for a breach of, or failure to perform, any other representation, warranty or covenant herein.

Appears in 6 contracts

Samples: Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.), Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.), Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.)

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Covenant to Remedy Breaches. Without limiting the any of Grantor’s obligations of any Grantor set forth in this Option Agreement, each the Grantor covenants to use all reasonable efforts within its control (i) to prevent the breach of any representation or warranty of such the Grantor hereunder, (ii) to satisfy all covenants of such the Grantor hereunder and (iii) to promptly cure any breach of a representation, warranty or covenant of such the Grantor hereunder upon its learning of same. Compliance with this covenant shall not limit any Grantor’s liability for a breach of, or failure to perform, any other representation, warranty or covenant herein.

Appears in 2 contracts

Samples: Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.), Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.)

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