Seller Undertaking. The Buyer shall not be required to make any payment pursuant to paragraph 10.1 unless the Seller enters into a binding irrevocable undertaking not to nor procure any member of the Retained Group to seek to recover any amount from the Company in respect of the Actual Taxation Liability in question pursuant to section 767B ICTA.
Seller Undertaking. The Seller shall use its commercially reasonable efforts to facilitate the consummation of the IPO. The Seller shall take all actions (including, without limitation, obtaining all routine or administrative actions and Authorizations under Article III) necessary or appropriate to consummate the transactions contemplated under this Agreement.
Seller Undertaking. 16.1 The Sellers shall use all reasonable endeavours to provide, shall use all reasonable endeavours to procure that each member of the Sellers’ Group provides, and shall use all reasonable endeavours to cause their officers, directors, employees, agents and advisers (including independent auditors) and those of each other member of the Sellers’ Group to provide, such reasonable cooperation as may be requested by the Buyers as follows:
Seller Undertaking. (a) Pursuant to MI 51-105 a subsequent trade in the Securities in or from any province in Canada will be a distribution subject to the prospectus and registration requirements of applicable Canadian securities legislation unless certain conditions are met, which conditions include, among others, a requirement that any certificate representing the Securities (or ownership statement issued under a direct registration system or other book entry system) bear the restrictive legend (the “51-105 Legend”) specified in MI 51-105.
Seller Undertaking. The Seller undertakes that as soon as reasonably practicable following the date of this Agreement and prior to Closing it shall:
Seller Undertaking. The Sellers shall, immediately following the Closing Date and for two years thereafter (the “Undertaking Duration”), vote all securities of the Company beneficially owned by them in favor of the approval of an appointment of any nominee of the Purchaser to the Board of Directors of the Company such that the Purchaser shall, during the Undertaking Duration, have no less than one nominee appointed to the Board of Directors of the Company.
Seller Undertaking. Whenever this Agreement requires any Seller Party (including any Asset Seller, Share Seller or any other Affiliate of Seller) to take any action, where applicable or necessary to give effect to the obligations of such Seller Party under this Agreement and the performance thereof (including the consummation of the Internal Reorganization), such requirement shall be deemed to include an undertaking on the part of Seller to take such action or to cause such action to be taken.
Seller Undertaking. 1.1 I/We, , being duly authorised to act on behalf of the business/property, xxxxxx xxxxx the undersigned King Business Group (Pty) Ltd t/a Business Traders (hereinafter referred to as “the Brokerage ”) an Open Mandate to procure a willing and able Purchaser for the business/property known as _ for the purchase price of R ( ) excluding stock and excluding VAT (where applicable) or such other price mutually agreed upon between the Purchaser and me/us.
