Sponsor Covenants Sample Clauses

Sponsor Covenants. Each Sponsor hereby covenants and agrees with Bank that so long as this Agreement is in effect:
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Sponsor Covenants. (a) The Sponsors, severally, shall cause Buyer to perform all of its obligations under this Agreement which are required to be performed on and prior to the Closing Date, including, without limitation, Buyer's requirement to consummate the transaction in accordance with and subject to the terms of Section 2.2 hereof and to pay 61 the Purchase Price in accordance with Article II. The Sponsors obligations shall be several, and not joint or joint and several; PROVIDED, HOWEVER, that if a Sponsor's action or inaction has resulted in a breach by such Sponsor, or in any way caused a breach by Buyer of any of its pre-Closing or Closing obligations under the Agreement, such Sponsor (and only such Sponsor) shall be solely liable for all Damages arising out of, resulting from or incurred in connection with such breach, and Seller shall have no claim against, and hereby releases, the non-breaching Sponsors, from any Liability with respect to such breach. Each of the Sponsors, Buyer and Seller acknowledges and agrees that no action shall be taken by Buyer hereunder without the consent of all Sponsors. Southern Union hereby irrevocably and unconditionally guaranties the performance by Funding of all of its obligations for the benefit of Seller under this Agreement.
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Sponsor Covenants 
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Related to Sponsor Covenants

  • Director Covenants Director agrees that for a period of two (2) years from the Effective Time, Director shall not, directly or indirectly, individually or as an employee, partner, officer, director, promoter or shareholder or in any other capacity whatsoever, except in the performance of customary legal, accounting, insurance, or investment or investment management services as performed at the time of execution of the Agreement or of a similar nature:

  • Guarantor Covenants Each Guarantor shall take such action as the Borrower is required by this Agreement to cause such Guarantor to take, and shall refrain from taking such action as the Borrower is required by this Agreement to prohibit such Guarantor from taking.

  • Other Covenants (Section 5.1): Borrower shall at all times comply with all of the following additional covenants:

  • Seller Covenants Seller covenants and agrees as follows:

  • Particular Covenants 5.01 Payments of Principal, Premium, if any, and Interest, if any. The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay or cause to be paid the principal of, premium, if any, and interest, if any, on the Securities of that series at the times and places and in the manner provided herein and in the Securities of that series.

  • Purchaser Covenants Purchaser shall have performed and complied in all material respects with all agreements and covenants required to be performed and complied with by Purchaser under this Agreement at or prior to the Closing Date; and

  • Pledgor’s Covenants The Pledgor represents, covenants and warrants that unless compliance is waived by the Bank in writing:

  • Further Covenants The Company hereby covenants and agrees that:

  • Vendor’s Covenants The Vendor will have performed and complied with all agreements, covenants and conditions as required by this Agreement.

  • Debtor’s Covenants Until the Obligations are paid in full, Debtor agrees that it will:

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