Sub-Deed of Mutual Covenant Sample Clauses

Sub-Deed of Mutual Covenant. (a) To act as manager under a Sub-Deed of Mutual Covenant relating to any part of the Development and exercise all powers and perform all duties under the Sub-Deed of Mutual Covenant. (b) Where a Sub-Deed of Mutual Covenant and/or Sub-Management Agreement or any similar deed or document is entered into in respect of any part of the Development and the Manager is not appointed Manager under the Sub-Deed or other deed or document, to do all things as the Manager considers appropriate for co-ordinating with the manager appointed under such Sub-Deed or other deed or document.
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Sub-Deed of Mutual Covenant. (a) To enter into a Sub-Deed of Mutual Covenant (in this paragraph 13, the “Sub-DMC”) in respect of any part of the Development the Shares relating to and the Right to Occupy which are beneficially owned by the First Owner Provided That (i) the Director of Lands has given his approval or waived the requirement for his approval of the Sub-DMC; and (ii) the Sub-DMC does not conflict with this Deed. (b) To appoint a manager for the part of the Development for which a Sub-DMC has been entered into.
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Sub-Deed of Mutual Covenant. (a) To enter into a Sub-Deed of Mutual Covenant (in this paragraph 14, the “Sub-DMC”) in respect of any part of the Development the Shares relating to and the Right to Occupy which are beneficially owned by the First Owner Provided That (i) subject to paragraph 14(a)(ii) below, the Sub-DMC shall be drafted in accordance with guidelines of the Law Society of Hong Kong from time to time applicable (save to the extent waived by the Law Society of Hong Kong); and (ii) the Sub-DMC does not conflict with this Deed. (b) To appoint a manager for the part of the Development for which a Sub-Deed of Mutual Covenant has been entered into.
Sample 1
Sub-Deed of Mutual Covenant. (a) To enter into a Sub-Deed of Mutual Covenant (in this paragraph 14, the “Sub-DMC”) in respect of any part of the Development the Shares relating to and the Right to Occupy which are beneficially owned by the First Owner Provided That (i) the Sub-DMC shall be drafted in accordance with guidelines of the Law Society of Hong Kong if applicable (save to the extent waived by the Law Society of Hong Kong and save and except such guidelines already incorporated in the principal DMC and remain applicable to matters to be governed by the sub-DMC); and (ii) if compliance of such Guidelines will be in conflict with the provisions of this Deed, those guidelines shall only apply to the extent necessary to avoid any such conflict. (b) To appoint a manager for the part of the Development for which a Sub-Deed of Mutual Covenant has been entered into.
Sample 1
Sub-Deed of Mutual Covenant. (a) If so appointed under a Sub-Deed of Mutual Covenant, to act as manager under a Sub-Deed of Mutual Covenant relating to any part of the Development and exercise all powers and perform all duties under the Sub-Deed of Mutual Covenant. (b) Where a Sub-Deed of Mutual Covenant, management agreement or any similar deed or document is entered into in respect of any part of the Development and the Manager is not appointed Manager under the Sub-Deed of Mutual Covenant, management agreement or other deed or document, to do all things as the Manager considers appropriate for co-ordinating with the manager appointed under such Sub-Deed of Mutual Covenant, management agreement or other deed or document.
Sample 1
Sub-Deed of Mutual Covenant. (a) To enter into a Sub-Deed of Mutual Covenant (in this paragraph 14, the “Sub-DMC”) in respect of any part of the Development the Shares relating to and the Right to Occupy which are beneficially owned by the First Owner Provided That (i) the Sub-DMC shall be previously approved in writing by the Director of Lands but where the Director of Lands is satisfied, upon submission of the draft Sub-DMC to the Director of Lands, that the Sub-DMC relates only to the internal sub-division of an existing Unit and that by the Sub-DMC there will be no alteration to Common Parts or liability for management or other changes under this Deed, the Director of Lands may, in his absolute discretion, waive the requirement of approval of the Sub-DMC; and (ii) the Sub-DMC does not conflict with this Deed. (b) To appoint a manager for the part of the Development for which a Sub-Deed of Mutual Covenant has been entered into.
Sample 1

Related to Sub-Deed of Mutual Covenant

  • Mutual Covenants Each of the Parties covenants and agrees that, except as contemplated in this Agreement, during the period from the date of this Agreement until the earlier of the Effective Time and the time that this Agreement is terminated in accordance with its terms: 5.6.1 it shall, and shall cause its subsidiaries to, use commercially reasonable efforts to satisfy (or cause the satisfaction of) the conditions precedent to its obligations hereunder as set forth in Article 6 to the extent the same is within its control and to take, or cause to be taken, all other action and to do, or cause to be done, all other things necessary, proper or advisable under all applicable Laws to consummate the Arrangement, including using its commercially reasonable efforts to (i) obtain all Regulatory Approvals required to be obtained by it, (ii) effect all necessary registrations, filings and submissions of information requested by Governmental Entities required to be effected by it in connection with the Arrangement, (iii) oppose, lift or rescind any injunction or restraining order against it or other order or action against it seeking to stop, or otherwise adversely affecting its ability to make and complete, the Arrangement, and (iv) cooperate with the other Party in connection with the performance by it and its subsidiaries of their obligations hereunder. Subject to the terms and conditions herein provided, none of the Parties shall knowingly take or cause to be taken any action which would reasonably be expected to prevent or materially delay the consummation of the transactions contemplated hereby; and 5.6.2 it shall not take any action, refrain from taking any commercially reasonable action, or permit any action to be taken or not taken, which is inconsistent with this Agreement or which would reasonably be expected to significantly impede the consummation of the Arrangement except as permitted by this Agreement.

  • Special Covenants If any Company shall fail or omit to perform and observe Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13 or 5.15 hereof.

  • Financial Covenants Required Actual Complies Maintain as indicated:

  • Specific Financial Covenants During the term of this Agreement, and thereafter for so long as there are any Obligations to Lender, Borrower covenants that, unless otherwise consented to by Lender in writing, it shall:

  • Financial Covenant Required Actual Complies Maintain as indicated:

  • Special Covenants and Agreements SECTION 5.1. COMPANY TO MAINTAIN ITS CORPORATE EXISTENCE; CONDITIONS UNDER WHICH EXCEPTIONS PERMITTED. The Company agrees that during the term of this Agreement, it will maintain its corporate existence and its good standing in the State, will not dissolve or otherwise dispose of all or substantially all of its assets and will not consolidate with or merge into another corporation unless the acquirer of its assets or the corporation with which it shall consolidate or into which it shall merge shall (i) be a corporation organized under the laws of one of the states of the United States of America, (ii) be qualified to do business in the State, and (iii) assume in writing all of the obligations of the Company under this Agreement and the Tax Agreement. Any transfer of all or substantially all of the Company's generation assets shall not be deemed to constitute a "disposition of all or substantially all of the Company's assets" within the meaning of the preceding paragraph. Any such transfer of the Company's generation assets shall not relieve the Company of any of its obligations under this Agreement. The Company hereby agrees that so long as any of the Bonds are insured by a Bond Insurance Policy issued by the Bond Insurer and the Bond Insurer shall not have failed to comply with its payment obligations under such Policy, in the event of a Reorganization, unless otherwise consented to by the Bond Insurer, the obligations of the Company under, and in respect of, the Bonds, the G&R Notes, the G&R Indenture and the Agreement shall be assumed by, and shall become direct and primary obligations of, a Regulated Utility Company such that at all times the obligor under this Agreement and the obligor on the G&R Notes is a Regulated Utility Company. The Company shall deliver to the Bond Insurer a certificate of the president, any vice president or the treasurer and an opinion of counsel reasonably acceptable to the Bond Insurer stating in each case that such Reorganization complies with the provisions of this paragraph. The Company need not comply with any of the provisions of this Section 5.1 if, at the time of such merger or consolidation, the Bonds will be defeased as provided in Article VIII of the Indenture. The Company need not comply with the provisions of the second paragraph of this Section 5.1 if the Bonds are redeemed as provided in Section 3.01(B)(3) of the Indenture or if the Bond Insurance Policy is terminated as described in Section 3.06 of the Indenture in connection with a purchase of the Bonds by the Company in lieu of their redemption.

  • General Covenant The Lessee shall not assign this Lease or mortgage, pledge or sublet the Leased Premises herein described without the written consent of the Lessor. The Lessee shall contract with the other parties to use and maintain the Leased Premises in accordance with the laws, regulations and ordinances of the United States of America, the State of Indiana, the City and all other proper governmental authorities.

  • Financial Covenant So long as any Loan shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of Consolidated Debt to Consolidated Capital of not greater than 0.65 to 1.00 as of the last day of each fiscal quarter.

  • Collateral Covenants Until the Revolving Credit Facility has been terminated and all the Secured Obligations have been paid in full, unless the Required Lenders shall otherwise consent in the manner provided in Section 15.9:

  • Additional Covenants and Agreements (a) Each party shall comply with all provisions of federal and state laws applicable to its respective activities under this Agreement. All obligations of each party under this Agreement are subject to compliance with applicable federal and state laws. (b) Each party shall promptly notify the other party in writing in the event that it is, for any reason, unable to perform any of its obligations under this Agreement. (c) The Company covenants and agrees that all Orders accepted and transmitted by it hereunder with respect to each Account on any Business Day will be based upon instructions that it received from the Contract owners, in proper form prior to the Close of Trading of the Exchange on that Business Day. The Company shall time stamp all Orders or otherwise maintain records that will enable the Company to demonstrate compliance with SECTION 9(c) hereof. (d) The Company covenants and agrees that all Orders transmitted to the Issuer, whether by telephone, telecopy, or other electronic transmission acceptable to Distributor, shall be sent by or under the authority and direction of a person designated by the Company as being duly authorized to act on behalf of the Accounts. Distributor shall be entitled to rely on the existence of such authority and to assume that any person transmitting Orders for the purchase, redemption or transfer of Fund shares on behalf of the Company is properly authorized to act in such capacity. The Company shall maintain the confidentiality of all passwords and security procedures issued, installed or otherwise put in place with respect to the use of Remote Computer Terminals and assumes full responsibility for the security therefor. The Company further agrees to be responsible for the accuracy, propriety and consequences of all data transmitted to Distributor by the Company by telephone, telecopy or other electronic transmission acceptable to Distributor. (e) The Company agrees that, to the extent it is able to do so, it will use its best efforts to give equal emphasis and promotion to shares of the Funds as is given to other underlying investments of the Accounts, subject to applicable Securities and Exchange Commission rules. In addition, the Company shall not impose any fee, condition, or requirement for the use of the Funds as investment options for the Contracts that operates to the specific prejudice of the Funds VIS-A-VIS the other investment media made available for the Contracts by the Company.

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