Obligations under this Planning Agreement Sample Clauses

Obligations under this Planning Agreement. (a) Subject to paragraphs (e) and (h) in this clause 21, where a Legal Challenge is commenced the Parties’ obligations under this Deed are immediately suspended and neither the Land Owner nor the Contractor shall have any obligation to make any Contributions under this Agreement until the expiration of the Suspension Period or where paragraph (e) of this clause 21 applies. (b) Subject to paragraph (c) in this clause 21, where any Legal Challenge is commenced and/or where the Court declares or orders the LEP or any Approval to be invalid, the Parties agree to: (i) meet, no later than 5 Business Days after the date of service of commencement of the Legal Challenge and after any declaration or order that the LEP, the Planning Agreement or Approval (as appropriate) is invalid, to discuss in good faith: A. the suspension of the Parties’ rights and obligations under this Deed; and B. their intentions in relation to that declaration or order, including, without limitation, any intention to Appeal that declaration or order; and (ii) consult regularly with the other Party in relation to any Legal Challenge or Appeal and must respond within a reasonable period to each other’s questions, queries and enquiries and generally keep each other informed regarding the progress of any such Legal Challenge or Appeal. (c) The Parties will not be required to meet, or consult, with the other Parties pursuant to paragraph (b) of this clause 21 in circumstances where any of the Parties receives legal advice that it should not so meet or consult with the other Party in connection with any such Legal Challenge or Appeal. (d) The Parties agree that any discussions held between the Parties under this clause 21 are confidential and that a common interest between them exists for the purposes of legal professional privilege in connection with those discussions. (e) Notwithstanding paragraph (a), the Contractor and the Land Owner may elect at their Cost and risk to proceed with the Development and continue to comply with their obligations under this Deed unless and until such time as the LEP, the Planning Agreement or Approval (as appropriate) is declared invalid. (f) Where paragraph (e) applies, the Council agrees to cooperate in good faith with the Contractor and the Land Owner to progress the Development during the Suspension Period. (g) Where the Council suspends the roll-out of the whole or any part of the Green Infrastructure and the Council Road Works during the Suspension Period, ...
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Related to Obligations under this Planning Agreement

  • Payments under this Agreement In the event that one party (the “Owing Party”) is required to make a payment to another party (the “Owed Party”) pursuant to this Agreement, then such payments shall be made according to this Section 7.05.

  • Conditions to Each Party’s Obligations under this Agreement The respective obligations of each party under this Agreement shall be subject to the fulfillment at or prior to the Closing Date of the following conditions, none of which may be waived:

  • Persons Having Rights under this Agreement Nothing in this Agreement shall be construed to confer upon, or give to, any person or corporation other than the parties hereto and the Registered Holders of the Warrants any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors and assigns and of the Registered Holders of the Warrants.

  • Conditions to Obligations of Each Party Under This Agreement The respective obligations of each party to effect the Merger and the other transactions contemplated herein shall be subject to the satisfaction at or prior to the Effective Time of the following conditions, any or all of which may be waived, in whole or in part, to the extent permitted by applicable Law:

  • Persons Having Rights under this Warrant Agreement Nothing in this Warrant Agreement expressed and nothing that may be implied from any of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto and the Holders any right, remedy, or claim under or by reason of this Warrant Agreement or of any covenant, condition, stipulation, promise, or agreement hereof.

  • Obligations Under the Security Agreement The undersigned hereby agrees, as of the date first above written, to be bound as a Grantor by all of the terms and provisions of the Security Agreement to the same extent as each of the other Grantors. The undersigned further agrees, as of the date first above written, that each reference in the Security Agreement to an “Additional Grantor” or a “Grantor” shall also mean and be a reference to the undersigned.

  • Obligations Under the Guaranty The undersigned hereby agrees, as of the date first above written, to be bound as a Guarantor by all of the terms and conditions of the Guaranty to the same extent as each of the other Guarantors thereunder. The undersigned further agrees, as of the date first above written, that each reference in the Guaranty to an “Additional Guarantor” or a “Guarantor” shall also mean and be a reference to the undersigned, and each reference in any other Loan Document to a “Guarantor” or a “Loan Party” shall also mean and be a reference to the undersigned.

  • Authority for this Agreement Each of Parent and Merger Sub has all requisite entity power and authority to comply with, execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement by Xxxxxx and Xxxxxx Sub have been duly and validly authorized by all necessary entity action on the part of each of Parent and Merger Sub, and no other entity proceedings on the part of Parent and Merger Sub are necessary to authorize this Agreement. This Agreement has been duly and validly executed and delivered by Xxxxxx and Xxxxxx Sub and, assuming the due authorization, execution and delivery by the Stockholders, constitutes a legal, valid and binding obligation of each of Parent and Merger Sub, enforceable against each of Parent and Merger Sub in accordance with its terms, subject to the Bankruptcy, Equity and Indemnity Exception.

  • Obligations of the Corporation Upon Termination The following provisions describe the obligations of the Corporation to the Executive under this Agreement upon termination of his employment. However, except as explicitly provided in this Agreement, nothing in this Agreement shall limit or otherwise adversely affect any rights which the Executive may have under applicable law, under any other agreement with the Corporation or any of its subsidiaries, or under any compensation or benefit plan, program, policy or practice of the Corporation or any of its subsidiaries.

  • Assets Under Management Each quarter, W&R shall calculate and pay to Company a fee that shall be equal to fifty (50) basis points, on an annualized basis, of the average daily account value of all assets in the Portfolios in connection with the Contracts (“Aggregated Assets”), provided, however, that the fee is subject to change pursuant to Paragraph (b) below. The fee (the “Total Fee”) shall include and not be in addition to the payment by W&R of the 12b-1 fees received by W&R from Ivy Funds VIP relating to the Aggregated Assets.

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