Indirect Obligations Sample Clauses
The Indirect Obligations clause defines responsibilities that a party must fulfill not directly, but through their influence or control over third parties, such as affiliates, subcontractors, or agents. In practice, this means a party is required to ensure that these related entities also comply with certain terms of the agreement, for example, by obligating a contractor to make sure its subcontractors adhere to confidentiality requirements. This clause is essential for extending contractual obligations beyond the immediate parties, thereby reducing the risk of non-compliance by associated entities and ensuring the contract’s objectives are met comprehensively.
Indirect Obligations. No Covered Person has any Indirect Obligations except existing Permitted Indirect Obligations.
Indirect Obligations. Create, incur, assume or allow to exist any Indirect Obligations except (a) Indirect Obligations existing on the Execution Date and disclosed on Disclosure Schedule 12.21, (b) Indirect Obligations with respect to Indebtedness permitted by Section 15.2 and otherwise permitted under this Agreement and (c) Indirect Obligations with respect to (i) Indebtedness of one or more other Covered Persons that is permitted by Section 15.2 and otherwise permitted under this Agreement or (ii) any Obligations of one or more other Covered Persons that are permitted under this Agreement.
Indirect Obligations. 26 10.20. Tax Liabilities; Governmental Charges..............................................................26 10.21.
Indirect Obligations. Create, incur, assume or allow to exist any Indirect Obligations except (i) Indirect Obligations existing on the Execution Date and disclosed on section 11.21 of the Disclosure Schedule, and (ii) Indirect Obligations of a Borrower with respect to Permitted Indebtedness of another Borrower, or in connection with the Obligations of another Borrower incurred in such Borrower’s ordinary course of business consistent with past practices.
Indirect Obligations. Create, incur, assume or allow to exist any Indirect Obligations except for (i) Indirect Obligations which are Loan Obligations, (ii) Indirect Obligations of Borrower existing or contemplated on the Amended and Restated Effective Date and disclosed to Lender on Exhibit 12, and (iii) unsecured Indirect Obligations of Tripos UK Holdings not to exceed in the aggregate GBP 500,000 that are provided in connection with Capital Leases of Tripos Discovery Research, a United Kingdom corporation."
(g) Section 15.10 (Capital Structure; Equity Securities) of the Loan Agreement is hereby amended and restated as follows:
Indirect Obligations. Create, incur, assume or allow to exist any Indirect Obligations except a guaranty by Borrower of the Indebtedness permitted in Section 15.2.4.
Indirect Obligations. No Borrower has any Indirect Obligations except existing Permitted Indirect Obligations.
Indirect Obligations. Create, incur, assume or allow to exist any Indirect Obligations except (i) a guaranty by any Covered Person of an Obligation of another Covered Person, (ii) the Guaranties and (ii) Indirect Obligations existing on the Effective Date and disclosed in Section 13.17 of the Disclosure Schedule.
Indirect Obligations. Create, incur, assume or allow to exist any Indirect Obligations except Indirect Obligations existing on the Execution Date and disclosed on section 10.19 of the Disclosure Schedule and Indirect Obligations of a Covered Person with respect to the Permitted Indebtedness of any other Covered Person.
Indirect Obligations. Create, incur, assume or allow to exist any Indirect Obligations except Indirect Obligations existing on the Effective Date and disclosed in Item 12.18 of the Disclosure Schedule.