Promises Sample Clauses
Promises. We both need each other’s assistance to successfully perform this Contract. Therefore, we both promise to comply with Laws and to help each other in enrolling your Site.
Promises. I make the following promises to the Lender:
a. Note and Mortgage. I will comply with all of the terms of the Note and this Mortgage.
Promises. 1. The mortgager’s responsibility
(1) The mortgager promises not to take actions as follows without the agreement of the mortgagee: · Selling, bestowing, renting, lending, transferring, mortgaging or any other ways to deal with the whole or major property. · Big changes occurred on management system and property right format. It includes but not limited to contract, rent, operate, transformation to company, shareholding reform, stock right transfer, merge or take over, joint or cooperate with other ventures, be separated, open new branches, property right transfer or reduce capital. · Amend company’s regulations change the scope of the company and the main business lines. · providing guarantee to the third party which lead to the adverse effects on the mortgage’s finance and the mortgage’s capacity to carry out obligations. · Apply to reorganize, go bankrupt or dissolute the company. · To sign some contract or agreement that would had a adverse effect on the mortgager’s capacity to comply with this contract or shoulder some responsibility that may have the same result like this.
(2) The mortgager promises that the mortgager will be noticed immediately when any of the following accidents occur. At the same time the mortgager must provide the related original notice to the mortgagee within five days right after the accident occur (companies’, organizations’ or the like should be with official seal, for natural people it should be signed). ¨ Accidents that result in the inaccurate and untruthful of the mortgager’s statement occur. ¨ Mortgage or controlling shareholders, actual controllers or their associates are involved in litigation, arbitration or the assets get seized ,be closed down. Be frozen, be enforced legaly or be taken care with other measures which have the same effect, or their legal representative, director, matter, senior management are involved in litigation, arbitration or other enforcement measures. ¨ Xxxxxxxxx's legal representative (if any), the responsible person, the authorized representative of the main financial responsibility, mailing address, office location get change. The mortgagor changes the domicile, habitual residence, changes their work units, leave the city he lives for a long time, changed his name or adverse changes in income levels. ¨ Ownership of collateral causes dispute, or the mortgage will or may be subjected to a third party ¨ Be applied to getreoranized ,bankcrupt by other creditors, or be revocated by superiors.
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Promises. I make the following promises to the Lender:
Promises. (a) Upon execution of this Settlement Agreement in exchange for and in consideration of the promises of Tangiers and its release of claims as set forth herein below, Defendants promise the following: Sierra Global, I.XX shall pay to Tangiers a total of $45,500 ("Settlement Amount"). The first payment in the amount of $22,750.00 shall be tendered to 'Tangiers upon execution of this Settlement Agreement, with the balance to be paid no later than thirty (30) days from the date of execution of this Settlement Agreement. Payments shall be made by wire transfer or cashier’s check made payable to Tangiers Investors. L.P. Payments shall be tendered to Tangiers at 400 X. Xxxxxxxx, Xxxxx 000, Xxx Xxxxx, Xxxxxxxxxx 00000.
(b) Pursuant to the Prior Settlement Agreement, STARRS and MYEC are liable jointly and severally for payment of the entire $45,500 due thereunder. If Sierra Global. LLC fails to pay the entire Settlement Amount in consideration for the convertible debenture the unpaid balance shall be owed by SLUMS and MYEC jointly and severally.
(c) Upon execution of this Settlement Agreement, in exchange for and in consideration of these promises of STARRS and MYEC and their release of claims as set forth herein below, Tangiers promises the following: No later than three business days from the date that funds clear in Tangiers's account for the total amount of the Settlement Amount ($45,500), Tangiers shall tender to Sierra Global, LLC the convertible debenture that was the subject of the Action at the address for notice listed herein.
(d) Tangiers's release of claims set forth below shall only become effective upon the date that funds for the ball Settlement Amount ($45,500) clear in Tangiers's bank account.
(e) If Sierra Global. LLC fails to tender payment of the full Settlement Amount ($45.500) to Tangiers within thirty days of the execution of this Settlement Agreement. MYEC and STARRS stipulate to the entry of judgment in El Dorado County Superior Court for any unpaid balance of the Settlement Amount. Said stipulated judgment shall be entered against STARRS and MYEC jointly and severally.
Promises. You make the following promises regarding Protected Information. Nothing in the following promises is intended to restrict your opportunities for employment, those are the subject of the restrictions outlined in the Restrictive Covenants section below. The promises in this section are made to ensure that you do not use Protected Information except for the Company’s benefit.
Promises. Executive makes the following promises regarding Protected Information.
Promises assurances and guarantees on our part, or agreements diverging from these GTS in connection with the conclusion of the contract become binding only on our written confirmation.
Promises. 5.1 Party A hereby promises:
5.1.1 to be responsible to urge the relevant personnel (except for Party B) to sign the legal documents required to transact the alteration of legal representatives/principals, directors, supervisors, preschool masters/schoolmaster of Jilin Kid Castle and 3 educational institutions and provide the data required by the relevant competent authorities.
5.1.2 to assist Party B to implement all the rights and obligations related with the equity transfer and those owned by Party A in the memorandum of Jilin Kid Castle, recall all the directors and supervisors dispatched to the company and 3 educational institutions and the legal representatives/principals of educational institutions, and these positions shall be succeeded by the relevant personnel dispatched by Party B; this work shall be implemented at the same time according to the regulation of article 3.3 of this agreement about the handover work, and the duty handover will become effective since the handover day.
5.1.3 Party A promises to submit the written confirmation letter issued by Jilin Building Decoration Group Ltd to Jilin Kid Castle (the content of confirmation letter is: we have not any loan and debt relationship with Jilin Kid Castle Educational Investment Development Ltd till some day (15 to 20) of March 2007) to Party B within 5 days after the signature of this agreement. Moreover, the debts of Jilin Kid Castle and 3 educational institutions listed in the appendix of this agreement and the debts after the equity transfer affair in this agreement is completed shall be undertaken by Party B according to the law. The loan and debt relationship formed in the name of Jilin Kid Castle and 3 educational institutions without the written consent of Party B after this agreement becomes effective but before all the relevant alteration registration procedures are completed shall be undertaken independently by Party A according to the law and agreement. Party A shall undertake the joint liability for all the exterior debts and liabilities of the company and 3 educational institutions occurred before the signature of this agreement but unlisted in the appendix of this agreement; if Party B, the company or the educational institution therefore undertakes the liabilities, Party B, the company or the educational institution is entitled to claim compensation from Party A.
5.1.4 Party A shall stop implementing the shareholder rights of Jilin Kid Castle interiorly after the handover is...
Promises. The customer promises as following:
(1) The customer will obey and fulfill all the duties under the agreement;
(2) The customer will follow the agreement to repay the principle and interest of the loan and will pay for related expenses; the customer will apply for and obtain all the approval, authorization, registration and permit, and keep them valid so as to make the customer be able to sign and fulfill the agreement; if the bank requires, the customer should present relevant certification at once;
(3) Within five business days after knowing it has been involved into any economic, civil, criminal or administrative suit or similar arbitration procedures, or within five business days after knowing any of its important assets has been involved in any forcible execution, seizure, freeze, retention or supervision, it should inform the bank about the influence in detail and the remedy measures the customer has taken or has planned to take;
(4) Without the bank’s written consent, the customer must not pay off any debt or fulfill any duty of guarantee of large amount to any third party;
(5) Without the bank’s written consent, the customer must not enter any other debt or provide any privileged guarantee for any third party’s debt; from the day the agreement is signed, the customer must not do the following things with out the bank’s written consent before repaying off all the debt under the agreement:
a. conduct liquidation, bankrupt, acquisition, merger, separation, reorganization, dismissing, closing, business stoppage or similar legal procedures;
b. sell, lease, give, transfer or dispose any of its important assets in any other manner except for the need of daily operation;
c. change its equity structure;
d. sign any contract/agreement which may bring serious negative influence to the customer’s ability to fulfill its duties under the agreement or undertake any duty which may bring similar influence.
(6) If any specific condition or change occurs, the customer should follow the bank’s requirement to provide other guarantee acceptable to the bank. The above mentioned specific condition or change includes but is not limited to the guarantor’s out of business, dismissing, business license cancellation, application for bankrupt, crucial change in operational or financial condition, engagement in serious suit or arbitration; the customer’s legal representative, director, monitor or chief officers involved in suits; the decrease or possible decrease in the value of...