COVENANTS BY THE PURCHASER. The Purchaser covenants to the Vendor that it will do or cause to be done the following:
COVENANTS BY THE PURCHASER. The Purchaser covenants to the Vendor and the Shareholder that it will do or cause to be done the following:
COVENANTS BY THE PURCHASER. 6.1 The Purchaser hereby covenants and agrees with the Vendor that the Purchaser has taken and will take all necessary and required corporate measures, proceedings and actions to authorize and enable the Purchaser to enter into and deliver this Agreement and to perform its obligations hereunder and to issue the Consideration Shares to the Vendor in accordance with the terms of this Agreement.
COVENANTS BY THE PURCHASER. 7.1. It is acknowledged and agreed by the parties that the approval of the board of directors of OCBVI is required for the transfer of the OCBVI Shares held by NAMF to the Purchaser hereunder and for the approval of the Assignments referred to in clause 5.7 above and for the acceptance of the resignations of the directors and officers referred to in clause 5.7 above. The Purchaser agrees to use its best efforts at its own expense to conclude and execute an agreement satisfactory to it substantially in the form contained in an email addressed to Glenn Harrigan dated September 18th 2002 with Sage Water Xxxxxxxx (BVI) Ltd., or other such agreement as is satisfactory to the Purchaser to obtain such approvals and acceptance. Subject to execution of such agreement, the Purchaser agrees to use its best endeavors to cause Sage Water Holdings (BVI) Ltd. to cooperate in the holding of a board meeting or the passing of directors' resolutions (as the case may be) prior to Completion at which the resolutions and matters described at clause 5.7 above are passed, accepted and approved.
COVENANTS BY THE PURCHASER. 9.1. The Purchaser hereby grants his irrevocable power and consent and agrees to the Promoter developing the Balance Property fully by constructing the layout project including the Project and/or additional floors/structures thereon so as to avail of the full FSI permissible at present or in future including for staircase, lift, and by way of TDR or by purchase of floating FSI on the Balance Property and including up “additional construction” and the Promoter selling the same and appropriating to itself the entire sale proceeds thereof without the Purchaser or other acquirers of the premises in the layout project having any claim thereto or to any part thereof. The FSI and/or further additional construction shall always be the property of the Promoter who shall be at liberty to use, deal with, dispose of, sell, and transfer the same in any manner the Promoter may decide. The Purchaser agrees not to raise any objection and/or claim reduction in price and/ or compensation and/or damages including on the ground of inconvenience and/or nuisance. The conveyance of the Balance Property together with t h e b u i l d i n g s i n c l u d i n g t h e P r o j e c t being constructed thereon and transfer of rights and benefits of the Promoter as hereinafter mentioned shall be subject inter alia to the aforesaid reservation. The Promoter shall be entitled to consume the said FSI by raising floor or floors on any structure and/or putting up additional structures and/or by way of extension of structures.
COVENANTS BY THE PURCHASER. The Purchaser covenants to the Vendor that prior to the Closing Time and, if the transaction contemplated hereby is not completed, at all times after the Closing Time, the Purchaser will keep confidential all information obtained by them relating to the Corporation and the Business, except such information which
COVENANTS BY THE PURCHASER. 11.1 Conduct of Business by the Purchaser During the period from the Execution Date to the Merger Implementation Date, the Purchaser shall carry on its Business in the usual, regular and ordinary course in substantially the same manner as conducted until now and in compliance in all material respects with all applicable laws and regulations and agreements to which it is a party and use reasonable efforts to preserve their relationships with customers, suppliers, licensors, licensees, joint venturers and others having business dealings with them.
COVENANTS BY THE PURCHASER. The Purchaser covenants to the Sel ler as follows:
COVENANTS BY THE PURCHASER. Subject to the provisions of paragraph 3.1 and paragraph 4, the Purchaser agrees that it will, in accordance with the relevant laws and procedures of the Commonwealth of the Bahamas, immediately following the execution and exchange of this Agreement make a Tender Offer in such form as is agreed with the Vendor to all other shareholders of the Company (other than DesalCo Limited) at the same price per share as paid to the Vendor hereunder with a period of acceptance being on or before February 14 2003 (or such earlier or later date as the Purchaser, may at its option, specify) on substantially the same terms as this Agreement and subject to the completion of this Agreement (the "Tender Offer").
COVENANTS BY THE PURCHASER. The Purchaser covenants to and with the Vendors that the Purchaser will take all actions within its control to ensure that the representations and warranties in SECTION 3.3 remain true and correct in all material respects at the Closing Time.
