Common use of Covenants of the Agent Clause in Contracts

Covenants of the Agent. The Agent hereby covenants to the Company as follows, which covenants shall be deemed in force unless and until this Agreement is terminated as provided herein: (a) The Agent shall punctually perform and observe all of its obligations and agreements contained in this Agreement. (b) Except as provided in this Agreement, the Agent shall not take any action, or permit any action to be taken by others, which would excuse any person from any of its covenants or obligations under any Note, or under any other instrument related to a Note, or which would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any Note or any such instrument or any right in favor of the Company in a Note or such instrument, without the written consent of the Company. (c) The Agent shall not assign this Agreement or any of its rights, powers, duties or obligations hereunder without the express prior written consent of the Company, which shall not be unreasonably withheld. (d) Within the shorter of the time during which a prospectus relating to the Notes is required to be delivered under the Securities Act or the term of this Agreement, the Agent will comply with all requirements imposed upon it by the Securities Act, so far as necessary to permit the continuance of sales of or dealings in the Notes as contemplated by the provisions hereof and the Prospectus. If, during the shorter of such period or the term of this Agreement, to the Agent’s best knowledge, any event or change occurs that could reasonably be considered material to the Offering or that causes any of the representations and warranties of the Agent contained herein to be untrue in any material respect, or as a result of which the Prospectus would include an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances then existing, not misleading, or if, during such period, to the Agent’s best knowledge, it is necessary to amend the Registration Statement or supplement the Prospectus to comply with the Securities Act, then the Agent will promptly notify the Company, and, if necessary, use reasonable efforts to assist the Company in amending the Registration Statement or supplementing the Prospectus (at the expense of the Company) so as to correct such statement or omission or effect such compliance. (e) The Agent will use reasonable efforts (i) to determine and designate the states or jurisdictions, if any, where the qualification or registration of the Notes is necessary or advisable in connection with the Offering and (ii) to assist the Company in arranging for the qualification or registration of the Notes for offering and sale under the securities laws of such states or jurisdictions and to continue such qualifications or registrations in effect for so long as may be required for purposes of the distribution of the Notes. In each state or jurisdiction in which the Notes shall have been qualified or registered as herein provided, the Agent will assist with making and filing the Company statements and reports in each year as are or may be reasonably required by the laws of such states or jurisdiction. (f) At all times during the term of this Agreement, the Agent shall provide all information relating to the Offering, the Renewable Note Program or the Note Portfolio reasonably requested by the Company in a timely manner and shall use its best efforts to insure that such information is complete and accurate in all material respects. (g) The Agent shall take such additional action as is reasonably requested by the Company in order to carry out the purposes of this Agreement.

Appears in 3 contracts

Samples: Distribution and Management Agreement (Advanced Environmental Recycling Technologies Inc), Distribution and Management Agreement (Performance Home Buyers LLC), Distribution and Management Agreement (Performance Home Buyers LLC)

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Covenants of the Agent. The Agent hereby covenants to the Company as follows, which covenants shall be deemed in force unless and until this Agreement is terminated as provided herein: (a) The Agent shall punctually perform and observe all of its obligations and agreements contained in this Agreement. (b) Except as provided in this Agreement, the Agent shall not take any action, or permit any action to be taken by others, which would excuse any person from any of its covenants or obligations under any Note, or under any other instrument related to a Note, or which would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any Note or any such instrument or any right in favor of the Company in a Note or such instrument, without the written consent of the Company. (c) The Agent shall not assign this Agreement or any of its rights, powers, duties or obligations hereunder without the express prior written consent of the Company, which shall not be unreasonably withheld. (d) Within the shorter of the time during which a prospectus relating to the Notes is required to be delivered under the Securities Act or the term of this Agreement, the Agent will comply with all requirements imposed upon it by the Securities Act, so far as necessary to permit the continuance of sales of or dealings in the Notes as contemplated by the provisions hereof and the Prospectus. If, during the shorter of such period or the term of this Agreement, to the Agent’s 's best knowledge, any event or change occurs that could reasonably be considered material to the Offering or that causes any of the representations and warranties of the Agent contained herein to be untrue in any material respect, or as a result of which the Prospectus would include an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances then existing, not misleading, or if, during such period, to the Agent’s 's best knowledge, it is necessary to amend the Registration Statement or supplement the Prospectus to comply with the Securities Act, then the Agent will promptly notify the Company, and, if necessary, use reasonable efforts to assist the Company in amending the Registration Statement or supplementing the Prospectus (at the expense of the Company) so as to correct such statement or omission or effect such compliance. (e) The Agent will use reasonable efforts (i) to determine and designate the states or jurisdictions, if any, where the qualification or registration of the Notes is necessary or advisable in connection with the Offering and (ii) to assist the Company in arranging for the qualification or registration of the Notes for offering and sale under the securities laws of such states or jurisdictions and to continue such qualifications or registrations in effect for so long as may be required for purposes of the distribution of the Notes. In each state or jurisdiction in which the Notes shall have been qualified or registered as herein provided, the Agent will assist with making and filing the Company statements and reports in each year as are or may be reasonably required by the laws of such states or jurisdiction. (f) At all times during the term of this Agreement, the Agent shall provide all information relating to the Offering, the Renewable Note Program or the Note Portfolio reasonably requested by the Company in a timely manner and shall use its best efforts to insure that such information is complete and accurate in all material respects. (g) The Agent shall take such additional action as is reasonably requested by the Company in order to carry out the purposes of this Agreement.

Appears in 2 contracts

Samples: Distribution and Management Agreement (Zanett Inc), Distribution and Management Agreement (Consumer Portfolio Services Inc)

Covenants of the Agent. The Agent hereby covenants to the Company as follows, which covenants shall be deemed in force unless and until this Agreement is terminated as provided herein: (a) The Agent shall punctually perform and observe all of its obligations and agreements contained in this Agreement. (b) Except as provided in this Agreement, the Agent shall not take any action, or permit any action to be taken by others, which would excuse any person from any of its covenants or obligations under any Note, or under any other instrument related to a Note, or which would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any Note or any such instrument or any right in favor of the Company in a Note or such instrument, without the written consent of the Company. (c) The Agent shall not assign this Agreement or any of its rights, powers, duties or obligations hereunder without the express prior written consent of the Company, which shall not be unreasonably withheld. (d) Within the shorter of the time during which a prospectus relating to the Notes is required to be delivered under the Securities Act or the term of this Agreement, the Agent will comply with all requirements imposed upon it by the Securities Act, so far as necessary to permit the continuance of sales of or dealings in the Notes as contemplated by the provisions hereof and the Prospectus. If, during the shorter of such period or the term of this Agreement, to the Agent’s best knowledge, any event or change occurs that could reasonably be considered material to the Offering or that causes any of the representations and warranties of the Agent contained herein to be untrue in any material respect, or as a result of which the Prospectus would include an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances then existing, not misleading, or if, during such period, to the Agent’s best knowledge, it is necessary to amend the Registration Statement or supplement the Prospectus to comply with the Securities Act, then the Agent will promptly notify the Company, and, if necessary, use reasonable efforts to assist the Company in amending the Registration Statement or supplementing the Prospectus (at the expense of the Company) so as to correct such statement or omission or effect such compliance. (e) The Agent will use reasonable efforts (i) to determine and designate the states or jurisdictions, if any, where the qualification or registration of the Notes is necessary or advisable in connection with the Offering and (ii) to assist the Company in arranging for the qualification or registration of the Notes for offering and sale under the securities laws of such states or jurisdictions and to continue such qualifications or registrations in effect for so long as may be required for purposes of the distribution of the Notes. In each state or jurisdiction in which the Notes shall have been qualified or registered as herein provided, the Agent will assist with making and filing the Company statements and reports in each year as are or may be reasonably required by the laws of such states or jurisdiction. (f) At all times during the term of this Agreement, the Agent shall provide all information relating to the Offering, the Renewable Note Program or the Note Portfolio reasonably requested by the Company in a timely manner and shall use its best efforts to insure that such information is complete and accurate in all material respects. (g) The Agent shall take such additional action as is reasonably requested by the Company in order to carry out the purposes of this Agreement. (h) The Agent shall comply at all times with all applicable Governmental Rules in connection with the offer and sale of the Notes. (i) The Agent shall immediately notify the Company upon receipt of any claim or threatened claim involving the offer or sale of the Notes.

Appears in 2 contracts

Samples: Distribution and Management Agreement (Sten Corp), Distribution and Management Agreement (Winmark Corp)

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Covenants of the Agent. The Agent hereby covenants to with the Company as follows, which covenants shall be deemed in force unless and until this Agreement is terminated as provided herein: Corporation that (ai) The Agent shall punctually perform and observe all of its obligations and agreements contained in this Agreement. (b) Except as provided in this Agreement, the Agent shall not take any action, or permit any action to be taken by others, which would excuse any person from any of its covenants or obligations under any Note, or under any other instrument related to a Note, or which would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any Note or any such instrument or any right in favor of the Company in a Note or such instrument, without the written consent of the Company. (c) The Agent shall not assign this Agreement or any of its rights, powers, duties or obligations hereunder without the express prior written consent of the Company, which shall not be unreasonably withheld. (d) Within the shorter of the time during which a prospectus relating to the Notes is required to be delivered under the Securities Act or the term of this Agreement, the Agent it will comply with all requirements imposed upon it by the Securities Act, so far as necessary to permit the continuance of sales of or dealings in the Notes as contemplated by the provisions hereof and the Prospectus. If, during the shorter of such period or the term of this Agreement, to the Agent’s best knowledge, any event or change occurs that could reasonably be considered material to the Offering or that causes any of the representations and warranties of the Agent contained herein to be untrue in any material respect, or as a result of which the Prospectus would include an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances then existing, not misleading, or if, during such period, to the Agent’s best knowledge, it is necessary to amend the Registration Statement or supplement the Prospectus to comply with the Securities Act, then the Agent will promptly notify the Company, and, if necessary, use reasonable efforts to assist the Company in amending the Registration Statement or supplementing the Prospectus (at the expense Laws of the CompanyOffering Jurisdictions in which it solicits or procures subscriptions for the Flow-Through Shares in connection with the Offering, (ii) it will not solicit or procure subscriptions for the Flow- Through Shares so as to correct such statement require the filing of a prospectus, registration statement, offering memorandum or omission similar document with respect thereto or effect such compliance. the registration thereof under the laws of any jurisdiction and that no ongoing disclosure requirements will be created for the Corporation except for the filing of a notice or report of the solicitation or sale, (eiii) The Agent it will deliver to the Corporation and obtain from each Purchaser, a fully completed and duly executed Subscription Agreement and all other applicable undertakings, questionnaires and other forms required under applicable Securities Laws in connection with the distribution of the Flow-Through Shares (iv) it will not, in connection with the Offering, make any representation or warranty with respect to the Flow-Through Shares or the Corporation in connection with the completed sales, and (v) it will keep strictly confidential and will use reasonable efforts (i) to determine only for the purpose of performing its obligations hereunder all information, whether written or oral, acquired from the Corporation or its affiliates and designate the states or jurisdictionstheir directors, if anyofficers, where the qualification or registration of the Notes is necessary or advisable agents and advisors in connection with the Offering and except information that (iiA) is or becomes generally available to assist the Company public (other than as a result of a disclosure by the Agent in arranging for violation hereof), (B) was in the qualification or registration possession of the Notes for offering and sale under Agent on a non-confidential basis prior to its disclosure by the securities laws Corporation or its affiliates, (C) becomes available to the Agent on a non- confidential basis from a Person other than the Corporation or its affiliates who, to the knowledge of the Agent (after reasonable inquiry), is not bound by a confidentiality agreement with the Corporation or otherwise prohibited from transferring such states or jurisdictions and information to continue such qualifications or registrations the Agent, (D) the Corporation agrees in effect for so long as writing may be disclosed, or (E) the Agent is required for purposes of the distribution of the Notes. In each state by, law, regulation, legal process or jurisdiction regulatory authority to disclose, provided that in which the Notes shall have been qualified or registered as herein provided, such circumstances the Agent will assist with making give prompt notice to the Corporation of such requirement to disclose so that the Corporation may seek an appropriate protective order. The Agent represents and filing warrants that it is, and, to the Company statements and reports in best of its knowledge, each year as are or may be reasonably required member of any agency group formed by the laws of Agent is, duly registered under the Securities Laws in categories permitting the trades referred to in this Agreement and is qualified to so act in the Offering Jurisdictions in which such states member solicits or jurisdictionprocures subscriptions for the Flow-Through Shares. (f) At all times during the term of this Agreement, the Agent shall provide all information relating to the Offering, the Renewable Note Program or the Note Portfolio reasonably requested by the Company in a timely manner and shall use its best efforts to insure that such information is complete and accurate in all material respects. (g) The Agent shall take such additional action as is reasonably requested by the Company in order to carry out the purposes of this Agreement.

Appears in 1 contract

Samples: Agency Agreement

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