Covenants To Be Observed by Palmosa and TDB. From the date hereof until the date of Closing, Palmosa and TDB hereby covenant and agree to the following and to cause the Shipco SPVs to comply with the following:
Covenants To Be Observed by Palmosa and TDB Sample Clauses
Related to Covenants To Be Observed by Palmosa and TDB
Covenants and Additional Agreements 5.1. ACCESS; CONFIDENTIALITY.
Company's Covenants Summarized In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Covenants Extending to Other Persons 70 9.11 Officer's Knowledge of Default.......................................70 9.12
Covenants of Contributor Contributor agrees as follows:
Reporting Covenants Required Complies Monthly Compliance Statement Monthly within 30 days Yes No Quarterly financial statements Quarterly within 30 days Yes No Annual financial statements (CPA Audited) FYE within 120 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No Board approved projections FYE within 60 days Yes No
Covenants regarding Party C Party B (as a shareholder of Party C) and Party C hereby covenant as follows:
Covenants and Agreements Performed Buyer shall have performed and complied with all covenants and agreements required by this Agreement, if any, to be performed or complied with by it on or prior to the Closing Date in all material respects.
Covenants of Seller Prior to Closing Between the date of this Agreement and the Closing:
Covenants of All Parties The parties hereto agree that:
Covenants of the Vendor The Vendor covenants and agrees with the Purchaser as follows:
