Common use of Obligations of Parties Clause in Contracts

Obligations of Parties. 3.1 This Agreement will last for a period of three (3) years from the Effective Date or until the 31st of December 2016 inclusive, whichever is the longer. 3.2 Each party confirms that it has the full power, capacity and authority to enter into and perform this Agreement and the execution and performance of this Agreement does not conflict with or constitute a breach of any contract or agreement of any kind to which it is a party. 3.3 The Company confirms, warrants and undertakes for the duration of the Agreement that: 3.3.1 it will at all times provide the Services engaging suitably qualified, trained and experienced personnel exercising at all times due care, skill and diligence; 3.3.2 it will comply with all applicable Acts, laws and regulations, and all decisions notices, codes and recommendations of any relevant regulatory or Government body in performing its obligations pursuant to this Agreement; 3.3.3 it will comply with the Key Commitments; and 3.3.4 it will at all times reasonably cooperate with the Board in relation to all aspects of the provision of the Services and shall, promptly, comply with such reasonable requirements of the Board from time to time in relation to the Services, this Agreement or the Financial Assistance. 3.4 The Board is providing the Financial Assistance in accordance with this Agreement in order to support the Company in the provision of the Services. 3.5 The Board shall provide such co-operation and assistance to the Company as the Board considers is required by Irish law. 3.6 Notwithstanding any other term of this Agreement, the Company will, in so far as it is within its competency to do so notify, with all reasonable speed, the Board in writing where any instruction, guidance or similar directive issued by the Board may give rise to inappropriate consequences or any breach of or non-compliance with Irish law.