Common use of General Undertakings of the Recipient Clause in Contracts

General Undertakings of the Recipient. The Recipient must: (a) at all times duly perform and observe its Obligations and must promptly inform the Department of any occurrence that might adversely affect its ability to do so in a material way; (b) undertake its Obligations with integrity, good faith and probity in accordance with good corporate governance practices; (c) not, nor attempt to, sell, transfer, assign, mortgage, charge or otherwise dispose of or deal with any of its rights, entitlements and powers or Obligations under this Agreement; (d) comply with all Laws; and (e) cooperate fully with the Department in the administration of this Agreement.

Appears in 2 contracts

Samples: Financial Assistance Agreement, Financial Assistance Agreement

AutoNDA by SimpleDocs

General Undertakings of the Recipient. The Recipient must: (a) at all times duly perform and observe its Obligations and must will promptly inform the Department of any occurrence that might adversely affect its ability to do so in a material way; (b) undertake its Obligations with integrity, good faith and probity in accordance with good corporate governance practices; (c) not, nor attempt to, sell, transfer, assign, mortgage, charge or otherwise dispose of or deal with any of its rights, entitlements and powers or Obligations obligations under this Agreement; (d) comply with all LawsState and Commonwealth laws; and (e) cooperate fully with the Department in the administration of this Agreement.

Appears in 1 contract

Samples: Financial Assistance Agreement

AutoNDA by SimpleDocs

General Undertakings of the Recipient. The Recipient must: (a) at all times duly perform and observe its Obligations and must promptly inform the Department of any occurrence that might adversely affect its ability to do so in a material way; (b) undertake its Obligations with integrity, good faith and probity in accordance with good corporate governance practices; (c) not, nor attempt to, sell, transfer, assign, mortgage, charge or otherwise dispose of or deal with any of its rights, entitlements and powers or Obligations under this Agreement; (d) comply with all LawsState and Commonwealth laws; and (e) cooperate fully with the Department in the administration of this Agreement.

Appears in 1 contract

Samples: Financial Assistance Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!