Nature of Covenants. The covenants and agreements herein contained shall constitute covenants running with the land and interests covered or affected hereby and shall be binding upon the heirs, legal representatives, successors and assigns of the parties hereto.
Nature of Covenants. Employee’s covenants in Section 6 are independent covenants, and the existence of any claim by Employee against the Company under this Agreement or otherwise will not excuse Employee’s breach of, or waive Employee’s obligation to perform, any covenant in this Section 6. If Employee’s employment hereunder terminates for any reason, or the Employment Term expires, this Section 6, and the other terms and conditions of this Agreement necessary or appropriate to enforce the covenants of Employee in Section 6, shall survive and remain in full force and effect.
Nature of Covenants. Officer’s covenants in Section 6 are independent covenants, and the existence of any claim by Officer against the Company under this Agreement or otherwise will not excuse Officer’s breach of, or waive Officer’s obligation to perform, any covenant in this Section 6. If Officer’s employment hereunder terminates for any reason, or the Employment Term expires, this Section 6, and the other terms and conditions of this Agreement necessary or appropriate to enforce the covenants of Officer in Section 6, shall survive and remain in full force and effect.
Nature of Covenants. 28 Section 6.09 Notices....................................................28 Section 6.10 Counterparts...............................................28 Section 6.11
Nature of Covenants. The covenants of the Corporation and the Investor, as the case may be, set forth in this Agreement shall survive the Closing and, notwithstanding the Closing, shall continue in full force and effect for the benefit of the Investor and the Corporation, as the case may be.
Nature of Covenants. 18 Section 6.08 NOTICES . . . . . . . . . . . . . . . . . . . . . . . 18 Section 6.09 COUNTERPARTS. . . . . . . . . . . . . . . . . . . . . 18 SECTION 6.10
Nature of Covenants. This Contract shall be valid and binding when accepted by a duly authorized representative of the Contract Seller. This instrument contains the entire agreement between Contract Seller and Contract Buyer, and cannot be modified, except by written supplement thereto. This Contract shall be binding upon the successors, assigns, beneficiaries, heirs, and legal representatives of the parties hereto.
Nature of Covenants. The covenants in this Agreement are independent covenants, and the existence of any claim by any party hereto against another party hereto under this Agreement or otherwise will not excuse a breach by a party hereto under, or waive any party’s obligation to perform, any of its covenants under this Section 10.2.
Nature of Covenants. The Companies and the Member acknowledge that to protect adequately the interests of the Purchasers in the goodwill and other assets of the Companies it is essential that the Companies and the Member agree to the covenants set forth in Section 5.10. The Parties also acknowledge that (i) the covenants set forth in Section 5.10 constitute an integral part of the transactions contemplated by this Agreement, (ii) the Purchasers would not have agreed to enter into this Agreement without the covenants set forth in this Section 5.10 and (iii) there is no separately bargained for consideration with respect thereto.
Nature of Covenants. The covenants in this Section 8.7 are a material inducement to Buyer to consummate the transactions contemplated in this Agreement, and the amounts payable to Seller under this Agreement are in partial consideration for such covenants. The parties hereto acknowledge and agree that the covenants contained herein are designed to protect the legitimate business interests of Buyer and its Affiliates in the assets being acquired. The parties also acknowledge and agree that (i) the types and periods of restriction imposed in this Section 8.7 are fair and reasonable and are required in order to protect and maintain the Intellectual Property being acquired and other legitimate business interests of Buyer and its Affiliates, and goodwill associated with the Contemplated Business, and (ii) the time, scope, geographic area, and other provisions of this Section 8.7 have been specifically negotiated by sophisticated commercial
