Common use of Obligation of Parent Clause in Contracts

Obligation of Parent. Parent shall ensure that Purchaser duly performs, satisfies and discharges on a timely basis each of the covenants, obligations and liabilities applicable to Purchaser under this Agreement, and Parent shall be jointly and severally liable with Purchaser for the due and timely performance and satisfaction of each of said covenants, obligations and liabilities.

Appears in 21 contracts

Samples: Merger Agreement (Gilead Sciences, Inc.), Merger Agreement (CymaBay Therapeutics, Inc.), Merger Agreement (AlerisLife Inc.)

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Obligation of Parent. Parent shall ensure that Purchaser duly performs, satisfies and discharges on a timely basis each of the covenants, obligations and liabilities applicable to Purchaser under this Agreement, and Parent shall be jointly and severally liable with Purchaser for the due and timely performance and satisfaction of each of said covenants, obligations and liabilities.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Decibel Therapeutics, Inc.), Merger Agreement (Checkmate Pharmaceuticals, Inc.), Agreement and Plan of Merger (Array Biopharma Inc)

Obligation of Parent. Parent shall ensure that Payor and Purchaser duly performsperform, satisfies satisfy and discharges discharge on a timely basis each of the covenants, obligations and liabilities applicable to Payor or Purchaser under this Agreement, and Parent shall be jointly and severally liable with Purchaser Payor and Purchaser, as applicable, for the due and timely performance and satisfaction of each of said covenants, obligations and liabilities.

Appears in 2 contracts

Samples: Merger Agreement (Longboard Pharmaceuticals, Inc.), Merger Agreement (Alder Biopharmaceuticals Inc)

Obligation of Parent. Parent shall ensure that Purchaser duly performs, satisfies and discharges on a timely basis each of the covenants, obligations and liabilities applicable to Purchaser under this Agreement, and Parent Parent, as applicable, shall be jointly and severally liable with Purchaser for the due and timely performance and satisfaction of each of said covenants, obligations and liabilities.

Appears in 2 contracts

Samples: Merger Agreement (Enel Green Power North America, Inc.), Merger Agreement (Enernoc Inc)

Obligation of Parent. Parent shall ensure that cause Purchaser to duly performsperform, satisfies satisfy and discharges discharge on a timely basis each of the covenants, obligations and liabilities applicable to Purchaser under this Agreement, and Parent shall be jointly and severally liable with Purchaser for the due and timely performance and satisfaction of each of said covenants, obligations and liabilities.

Appears in 1 contract

Samples: Merger Agreement (Oyster Point Pharma, Inc.)

Obligation of Parent. Parent shall each ensure that Purchaser duly performs, satisfies and discharges on a timely basis each of the Purchaser’s covenants, obligations and liabilities applicable to Purchaser under this Agreement, and Parent Parent, as applicable, shall be jointly and severally liable with Purchaser for the due and timely performance and satisfaction of each of said covenants, obligations and liabilities.

Appears in 1 contract

Samples: Merger Agreement (Volcano Corp)

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Obligation of Parent. Parent shall ensure that Purchaser duly performs, satisfies and discharges on a timely basis each of the Purchaser’s covenants, obligations and liabilities applicable to Purchaser under this Agreement, and Parent shall be jointly and severally liable with Purchaser for the due and timely performance and satisfaction of each of said covenants, obligations and liabilities.

Appears in 1 contract

Samples: Merger Agreement (CinCor Pharma, Inc.)

Obligation of Parent. Parent shall each ensure that Purchaser duly performs, satisfies and discharges on a timely basis each of the covenants, obligations and liabilities applicable to Purchaser under this Agreement, and Parent Parent, as applicable, shall be jointly and severally liable with Purchaser for the due and timely performance and satisfaction of each of said covenants, obligations and liabilities.

Appears in 1 contract

Samples: Merger Agreement (Verenium Corp)

Obligation of Parent. Parent shall ensure that Purchaser (or its permitted assigns, as applicable) duly performs, satisfies and discharges on a timely basis each of the covenants, obligations and liabilities applicable to Purchaser (or its permitted assigns, as applicable) under this Agreement, and Parent Parent, as applicable, shall be jointly and severally liable with Purchaser (and its permitted assigns, as applicable) for the due and timely performance and satisfaction of each of said covenants, obligations and liabilities.

Appears in 1 contract

Samples: Merger Agreement (F-Star Therapeutics, Inc.)

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