Necessary Agreements Clause Samples
The Necessary Agreements clause defines the requirement for all parties to obtain and maintain any third-party consents, approvals, or licenses essential for fulfilling their obligations under the contract. In practice, this means that if a party needs permission from another entity—such as a licensor, government agency, or subcontractor—to perform its duties or grant rights, it must secure those permissions before proceeding. This clause ensures that contractual promises can be legally and practically carried out, preventing delays or breaches caused by missing authorizations.
Necessary Agreements. Neither the Company, nor any of its subsidiaries, is in material default or material breach under the terms of any agreement necessary for the conduct of their respective businesses as currently conducted or as currently proposed to be conducted (“Necessary Agreements”), nor, to the Company’s knowledge, does any condition exist that, with notice or lapse of time or both, would constitute a material default or material breach thereunder by the Company except, in each case, as otherwise disclosed in the Registration Statement or Prospectus. The Company has not received any notice of termination or cancellation under any Necessary Agreement, received any notice of breach or default in any material respect under any Necessary Agreement or granted to any third party any rights, adverse or otherwise, that would constitute a breach of any Necessary Agreement except, in each case, as otherwise disclosed in the Registration Statement.
Necessary Agreements. Each Progenics Party will maintain and keep in full force and effect all agreements reasonably necessary to perform its obligations, and grant the rights granted to Salix, hereunder.
Necessary Agreements. Napo will maintain and keep in full force and effect all agreements necessary to perform its obligations, and grant the rights granted to Salix, hereunder.
Necessary Agreements. Salix will maintain and keep in full force and effect all agreements reasonably necessary to perform its obligations, and grant the rights granted to Photocure, hereunder.
Necessary Agreements. M▇▇▇▇▇ S▇▇▇▇▇▇ and MSCI agree to enter into any necessary agreements regarding the subject matter of this Section 3.02 to enable them to fulfill their respective obligations hereunder, including but not limited to compliance with all Applicable Laws and regulations regarding the reporting, withholding or remitting of income and social insurance taxes, and further including but not limited to any special arrangements generally consistent with the practices set forth in this Article that may be necessary or mutually desirable in connection with any M▇▇▇▇▇ S▇▇▇▇▇▇ Business Employees or any Former M▇▇▇▇▇ S▇▇▇▇▇▇ Employees who were employed by any member of the MSCI Group at the time of grant of their M▇▇▇▇▇ S▇▇▇▇▇▇ Equity Awards.
Necessary Agreements. Each Party shall participate, in good faith, in the drafting and execution of any Agreements or other documentation necessary to effectuate the intent of this Agreement.
Necessary Agreements. Photocure will maintain and keep in full force and effect all agreements reasonably necessary to perform its obligations, and grant the rights granted to Salix, hereunder.