Prescribed Wording. The following covenants shall be implied in respect of any action taken by the Chargor to comply with its obligations under Clause 6.1: (a) the Chargor has the right to take such action in respect of the Charged Portfolio; and (b) the Chargor will at its own cost do all that it reasonably can to give the Secured Party or such parties’ nominee(s) the title and/or rights that it purports to give.
Appears in 4 contracts
Samples: Shares Purchase Agreement (MIE Holdings Corp), Series a Preferred Shares Subscription and Put Option Agreement (MIE Holdings Corp), First Amendment and Restatement Agreement (MIE Holdings Corp)
Prescribed Wording. The following covenants shall be implied in respect of any action taken by the Chargor to comply with its obligations under Clause 6.1:
(a) the Chargor has the right to take such action in respect of the Charged Portfolio; and
(b) the Chargor will at its own cost do all that it reasonably can to give the Secured Party Security Trustee or such parties’ nominee(s) its nominee the title and/or rights that it purports to give.
Appears in 1 contract
Prescribed Wording. The following covenants shall be implied in respect of any action taken by the Chargor to comply with its obligations under Clause 6.1:7.1 (Covenant for Further Assurance):
(a) the Chargor has the right to take such action in respect of the Charged Portfolio; and
(b) subject to the Agreed Security Principles, the Chargor will at its own cost do all that it reasonably can to give the Secured Party Collateral Agent or such parties’ nominee(s) its nominee or Delegate the title and/or rights that it purports to give.
Appears in 1 contract
Samples: Security Over Shares Agreement (RenPac Holdings Inc.)
