Deed of Covenant. The assignee must enter into a deed of covenant with the party whose consent is sought, acknowledging that party’s rights under this Agreement and undertaking by way of novation to observe and perform all the assignor’s obligations under this Agreement. Such deed of covenant shall be prepared by the party whose consent is sought in such reasonable form as that party requires, but at the expense of the assignor. The deed shall be stamped by and at the expense of the assignor.
Deed of Covenant. (insofar as they are represented by this Temporary Global Note) have the benefit of a deed of covenant dated 19 May 2023 (the "Deed of Covenant") executed by the Issuer; and
Deed of Covenant in the case of an assignment, the assignee must execute a deed of covenant with the Lessor agreeing to perform the Lessee's obligations under this lease, but without releasing the assignor or any other person from liability under this lease; and
Deed of Covenant. The Buyer agrees that its obligations under these Covenants must bind all future buyers of the Land and indemnifies the Seller for any costs or damages it may suffer as a result of the future buyers not being so bound. If the Buyer transfers the Land, the Buyer must obtain a covenant by deed from the transferee in favour of the Seller that the future buyer will be bound by the terms of these Covenants in the same manner and to the same extent as the Buyer. The form of covenant must be in the form of Deed Poll attached to these Covenants and the Buyer must give a copy of the signed Deed Poll to the Seller. For the avoidance of doubt, the future buyers must include a requirement that each subsequent future buyer of the Land obtains a covenant on these terms.
Deed of Covenant. Where applicable at the Landlord’s expense the Tenant will enter into a Deed of Covenant or such other Deed as the Superior Landlords may reasonably require in accordance with the terms of the Head Lease (if any)
Deed of Covenant. The Notes may be issued in bearer form (“Bearer Notes”), or in registered form (“Registered Notes”). Registered Notes issued by the Issuer are constituted by a deed of covenant dated 22 December 2021 (the “Deed of Covenant”).
Deed of Covenant. The Grantor will not assign this Agreement or transfer or in any way dispose of the whole or any part of the Grantor’s estate or interest in the Land (including granting any mortgage or other encumbrance) except with the prior written consent of Electricity Southland which will not be withheld where the party acquiring the estate or interest enters into a Deed of Covenant pursuant to which that party undertakes and agrees:
Deed of Covenant. 2 The drafting assumes any Deed of Guarantee will be entered into after the 40 day distribution compliance period. If a substitution is effected prior to that, temporary global note language should be added in. Any reference in this Deed of Guarantee to any obligation or payment under or in respect of the Notes shall be construed to include a reference to any obligation or payment under or pursuant to Clause 2 of the Deed of Covenant.
Deed of Covenant. Any assignment pursuant to clauses 20.1 or 20.2 shall not take effect until the assignee has executed in favour of the non-assigning party a deed of covenant under which the assignee agrees to comply with the provisions of the Service Agreement in regard to the matters the subject of the assignment and in the case of an assignment pursuant in clauses 20.2(b) or 20.2(c) or 20.4(b) the assignor thereupon shall be released from its obligations under the Service Agreement to the extent of the assignment.
Deed of Covenant. The Notes have the benefit of a deed of covenant dated 13 July 2022 executed and delivered by the Issuer in relation to the Notes (the “Deed of Covenant”).
