Specific performance obligations Sample Clauses

Specific performance obligations of each beneficiary‌ Each beneficiary shall: a) carry out the work to be performed, as identified in Annex I. However, where it is necessary for the implementation of the project it may call upon third parties to carry out certain elements, according to the conditions established in Article II.7 or any special clause in Article 7. The beneficiary may use resources that are made available by third parties in order to carry out its part of the work; b) ensure that any agreement or contract related to the project, entered into between the beneficiary and any third party contain provisions that this third party, including the auditor providing the certificate on the financial statements or on the methodology, shall have no rights vis-à-vis the Commission under this grant agreement; c) ensure that the rights of the Commission and the Court of Auditors to carry out audits are extended to the right to carry out any such audit or control on any third party whose costs are reimbursed in full or in part by the financial contribution of [the Union] [Euratom], on the same terms and conditions as those indicated in this grant agreement; project according to the provisions of this grant agreement;
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Specific performance obligations. Pursuant to the Facility Agreement, default (the “Default”) will be triggered if any default events occurred, including breach of any one of the following loan undertakings, among others:
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Specific performance obligations. Pursuant to the terms of the Facility Agreement, a “change of control” occurs if (A) the Facility A Borrower ceases to directly or indirectly hold, legally and beneficially: (1) more than 50 per cent. of the issued share capital of the Company; (2) issued share capital having the right to cast more than 50 per cent. of the votes capable of being cast in general meetings of the Company; or (3) the right to determine the composition of the majority of the board of directors or equivalent body of the Company; or (B) the Facility A Borrower ceases to have power to manage or direct the Company through ownership of share capital, by contract or otherwise (a “Change of Control”). As at the date of this announcement, the Facility A Borrower owns approximately 66.16 per cent. of the issued share capital of the Company and is a controlling shareholder (as defined in the Listing Rules) of the Company.
Sample 1
Specific performance obligations. Pursuant to the terms of the Facility Agreement, among others, the Company has undertaken to ensure that each of Ms. XXXX Xxxxxx and Xx. XXXXX Xxxx Xxxxx, directly or indirectly, must (i) individually or collectively remain the largest beneficial owner of the entire issued share capital of the Company; (ii) in aggregate, remain the beneficial owners of not less than 40% of the entire issued share capital of the Company; and (iii) retain control of the Company. For the purpose of this paragraph, “control” means the power to decide the management and policies of the Company whether through the ownership of voting capital, by contract or otherwise.
Sample 1
Specific performance obligations. The RESIST CMS Beneficiary shall: make sure that the work is carried out as described in Xxxxx X; ensure that the tasks assigned to it are correctly and timely performed; carry out the service in accordance with fundamental ethical principles; take every necessary precaution to avoid any risk of conflict of interest relating to economic interests, political or national affinities, family or emotional ties or any other interests liable to influence the impartial and objective performance of the Service.
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Specific performance obligations 
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Related to Specific performance obligations

  • Specific Performance The parties agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition to any other remedy to which they are entitled at law or in equity.

  • Specific Performance; Injunctive Relief The parties hereto acknowledge that Parent will be irreparably harmed and that there will be no adequate remedy at law for a violation of any of the covenants or agreements of Stockholder set forth herein. Therefore, it is agreed that, in addition to any other remedies that may be available to Parent upon any such violation, Parent shall have the right to enforce such covenants and agreements by specific performance, injunctive relief or by any other means available to Parent at law or in equity.

  • Other Remedies; Specific Performance Except as otherwise provided herein, any and all remedies herein expressly conferred upon a party will be deemed cumulative with and not exclusive of any other remedy conferred hereby, or by law or equity upon such party, and the exercise by a party of any one remedy will not preclude the exercise of any other remedy. The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court of the United States or any state having jurisdiction, this being in addition to any other remedy to which they are entitled at law or in equity.

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