GOT Covenants Sample Clauses

GOT Covenants. The GOT, through the Ministry, covenants that in the event TPDC, for whatever reason, no longer holds the Development Licence during the term of the Development Licence as provided in Section 42 of the Act, the GOT will ensure that the Development Licence is issued to another Person obligated and able to honor TPDC’s obligations hereunder and under the Gas Agreement. Solely for the purpose of this Section 24.6, GOT agrees that in any proceeding for the revocation, suspension or cancellation of the Development Licence under Section 51 of the Act, GOT will deem Songas and PanAfrican Tanzania registered holders of the Development Licence until such time as it issues the Development Licence to another Person.
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Related to GOT Covenants

  • Specific Covenants The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.11 or 6.12 or Article VII; or

  • CONTINUING COVENANTS The Competitive Supplier agrees and covenants to perform each of the following obligations during the term of this ESA.

  • Information Covenants The Borrower will furnish to the Administrative Agent (which shall promptly make such information available to the Lenders in accordance with its customary practice):

  • Particular Covenants Section 4.01. In the carrying out of the Project and operation of the Project facilities, the Borrower shall perform, or cause to be performed, all obligations set forth in Schedule 5 to this Loan Agreement.

  • Seller Covenants Seller covenants and agrees as follows:

  • OWNER’S COVENANTS 13.1. The Owner covenants the following to the Lessee:

  • Covenants All covenants, agreements and conditions contained in this Agreement to be performed by the Company on or prior to the Closing Date shall have been performed or complied with in all material respects.

  • BORROWER’S COVENANTS 3.1 As and when he becomes, and for so long as he remains a shareholder of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower shall cause Borrower Company:

  • Mutual Covenants Each Party hereby covenants to the other Party that:

  • Special Covenants If any Company shall fail or omit to perform and observe Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13 or 5.15 hereof.

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