Seller’s Covenant. Seller shall not permit any mechanic’s, vendor’s, laborer’s, or material supplier’s statutory lien or other similar lien arising from work, labor, services, equipment, or materials supplied, or claimed to have been supplied, to Seller (or anyone claiming through Seller) (“Prohibited Lien”) to attach to the Company-Owned Site or to any adjacent land owned by the Company. If a Prohibited Lien is filed, Seller shall, within 30 Days after receiving notice from Company of such filing (but in any case within 15 Days after Company notifies Seller of commencement of any application for a mechanic’s lien or foreclosure proceedings), commence appropriate action to cause such Prohibited Lien to be paid, discharged, bonded, or cleared from title. Seller shall thereafter prosecute such action with reasonable diligence and continuity. If Company receives notice of any such filing, then Company shall promptly notify Seller. Nothing in this Agreement shall be construed to obligate Seller regarding any lien that results from any act or omission by Company.
Seller’s Covenant. In connection with the conditions precedent set out in Sections 4.1(c) and 4.2(c):
Seller’s Covenant. Seller shall have caused the other ARE Owners to provide to Buyer written covenants that are substantively identical to the covenants contained in Paragraphs 7.1.4, 7.1.5(a), and 7.1.6(a) of the Agreement.
Seller’s Covenant. 1.1 Subject as provided in this schedule, the Seller covenants with the Buyer to pay to the Buyer an amount equal to any Tax Liability of the Company arising in consequence of any of the following:
Seller’s Covenant. Seller covenants that:
Seller’s Covenant. Seller shall notify Purchaser promptly in writing if Seller becomes aware of any transaction or occurrence prior to the Closing Date which would make any of the representations of Seller contained in this Article and/or Article VIII below untrue in any material respect. Such notice shall not relieve Seller of any liability for such untruth or impair any right of Purchaser as a result thereof.
Seller’s Covenant. 46 Section 11 Indemnity ...................................................................... 47 Section 12
Seller’s Covenant. From the date hereof through the Second Closing, Sellers shall not sell, lease or otherwise dispose of any item of Negotiated Inventory.
Seller’s Covenant. The Seller covenants with the Buyer not to Deal with the Shares prior to Completion. Zorlu Holding agrees that the Minority Petrogas Shareholders must not Deal with the Minority Petrogas Shares prior to Completion. The parties agree that damages would be an insufficient remedy for any breaches of these covenants and the Seller and Zorlu Holding agree that the Buyer will be entitled to seek and obtain an injunction or specific performance to enforce the Seller’s (or Zorlu Holding’s) obligations (as appropriate) under this clause without proof of actual damage and without prejudice to any of its other rights or remedies.
Seller’s Covenant. Each Seller and OII covenants and agrees for a period of three (3) years, commencing on the Effective Date, not to directly or indirectly, as a proprietor, partner, stockholder, director, officer, joint venturer, investor, lender or in any other capacity, own, engage, conduct, manage, operate, participate in and be associated with or be connected in any manner whatsoever with any person, firm, partnership, joint venture, corporation or other entity that competes with Purchaser's Employee leasing businesses; provided, however, that this noncompetition covenant shall not apply to (i) payrolling services provided by OII or Sellers in connection with OII's temporary staffing operation or (ii) shares of capital stock owned by any such person in any public corporation, traded on a national or regional exchange or reported by the National Association of Security Dealers, Inc., if such person does not own more than 3% of the issued and outstanding capital stock of such public corporation.
