[SURETY COVENANTS Sample Clauses

The Surety Covenants clause sets out the specific promises and obligations that a surety undertakes in a contract, typically in the context of guaranteeing the performance or obligations of another party, such as a contractor. This clause may require the surety to ensure timely completion of work, cover losses if the principal defaults, or fulfill other contractual duties if the primary party fails to do so. By clearly outlining the surety's responsibilities, the clause provides assurance to the obligee that contractual obligations will be met, thereby mitigating the risk of non-performance or default.
[SURETY COVENANTS. The Surety covenants with the Landlord as a direct and primary obligation in the terms set out in Schedule 4]
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[SURETY COVENANTS. In consideration of this demise made at the request of the Surety the Surety covenants with the Landlord - 6.1 That the Tenant shall pay the rent hereby reserved and/or as subsequently increased and observe and perform the covenants and conditions herein contained throughout the Term (and also during any continuation thereof pursuant to the Landlord and Tenant Act 1954) as well before as after any disclaimer of this Lease by any liquidator or trustee in bankruptcy and that although as between the Tenant and the Surety the Surety may only be a surety for the Tenant as between the Surety and the Landlord the Surety is a principal debtor or covenantor for all obligations herein contained and is jointly and severally liable with the Tenant for the same and shall not be released by time or indulgence being given to or any arrangement or alteration of terms being made with the Tenant or any other person or by any variation of the terms of this Lease to which it consents and is a party to or any review of the rent or by any release or dealing by the Landlord or by any act omission or thing whatsoever whereby the Surety as a surety only might have been released and 6.2 That if the Tenant (not being a Company) shall become bankrupt or (being a Company) shall enter into liquidation and the trustee in bankruptcy or the liquidator shall disclaim this Lease or if this Lease shall be forfeited or if the Tenant shall cease to exist and if the Landlord shall within three months after such disclaimer or other event by notice in writing require the Surety to accept a lease of the Premises for a term commensurate with the residue of the term remaining unexpired at the date of such disclaimer or other event on the same terms as this Lease (such lease to take effect from the date of the said disclaimer or other event) the Surety shall accept such lease and execute a counterpart thereof and pay the Landlord’s costs of and incidental thereto 6.3 That if the Landlord shall not require the Surety to take a lease of the Premises pursuant to the preceding sub-clause of this clause the Surety shall nevertheless on demand pay to the Landlord a sum equal to the rent which would have been payable hereunder but for the disclaimer or other event in respect of the period from the date of the said disclaimer or other event until the expiration of three (3) months therefrom or until the Premises shall have been relet by the Landlord whichever shall first occur 6.4 That the Landlord shall be ...
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[SURETY COVENANTS. The First Schedule - Rights and Easements The Second Schedule - Reservations The Third Schedule - The Services The Fourth Schedule - Rent Review THIS LEASE made the 27th day of July 2000 BETWEEN THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON of Guildhall London EC2P 2EJ (hereinafter called 'the Lessors' which expression shall where the context so requires or admits include the estate owner or estate owners for the time being of the reversion expectant on determination of the term hereby granted) of the first part DIGITAS (EUROPE) INC (Company Registration No. F2021441) whose address for service in England is at ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ London WC1 (hereinafter called 'the Lessee' which expression shall where the context so requires or admits include the persons deriving title under or through the Lessee) of the second part and DIGITAS INC whose address for service in England is at ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ London WC1 (hereinafter called "the Surety") of the third part WITNESSETH as follows:-
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[SURETY COVENANTS. 8.1 The Surety in consideration of the demise hereinbefore contained being made by the Landlord at the request of the Surety herein covenants with and guarantees to the Landlord as more particularly specified in the Fourth Schedule 8.2 The consent of the Surety shall not be required to the assignment by the Landlord or its successors in title of the benefit of the covenants and guarantees on the part of the Surety herein contained
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[SURETY COVENANTS. The Surety HEREBY COVENANTS with the Landlord in the terms set out in the Fourth Schedule hereto.
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[SURETY COVENANTS. FIRST SCHEDULE The Demised Premise SECOND SCHEDULE Easements and other rights granted THIRD SCHEDULE Exceptions and Reservations FOURTH SCHEDULE Particulars of Landlord's services FIFTH SCHEDULE Deeds & Documents affecting the Demised Premises SIXTH SCHEDULE Surety Covenants THIS LEASE is made on March 28, 2001 BETWEEN:
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[SURETY COVENANTS. [The Surety covenants with Homes England as a direct and primary obligation in the terms set out in Schedule 11.] [Not Used]27
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[SURETY COVENANTS. 39 10. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999................................................ 39 11.
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[SURETY COVENANTS 
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Related to [SURETY COVENANTS

  • Company Covenants Until all of Company’s obligations (other than contingent and indemnification obligations) under all of the Transaction Documents are paid in full, or within the timeframes otherwise specifically set forth below, Company will at all times comply with the following covenants: (i) so long as the Interest is outstanding and for at least twenty (20) Business Days (as defined in the Interest) thereafter, Company will timely file on the applicable deadline (including any extensions thereof) all reports required to be filed with the SEC pursuant to Sections 13 or 15(d) of the 1934 Act that would otherwise impact the availability of Rule 144 of the 1933 Act, and will take all reasonable action under its control to ensure that adequate current public information with respect to Company, as required in accordance with Rule 144 of the 1933 Act, is publicly available, and until a Fundamental Transaction (as defined in the Interest) will not terminate its status as an issuer required to file reports under the 1934 Act even if the 1934 Act or the rules and regulations thereunder would permit such termination; (ii) until a Fundamental Transaction, the Common Stock shall be listed or quoted for trading on any of (a) NYSE, (b) NASDAQ, (c) OTCQX, or (d) OTCQB; (iii) until a Fundamental Transaction, trading in Company’s Common Stock will not be suspended, halted, chilled, frozen, reach zero bid or otherwise cease on Company’s principal trading market; (iv) unless an acquiring party specifically agrees to assume all rights and obligations associated with the Interest and, in Investor’s discretion is capable of fulfilling such obligations, Company may not consummate any sale or liquidation of all or substantially all of its business or any material asset outside the ordinary course of business without the prior written consent of Investor; (v) Company will not grant a security or royalty interest in any of the Included Products (as defined in the Interest) for the primary purpose of raising capital without Investor’s prior written consent, which for the avoidance of doubt, shall exclude any of the Included Products with one or more business development partners in connection with a licensing transaction or collaboration; and (vi) for so long as the Interest remains outstanding, Company shall deliver to Investor quarterly reports summarizing all Included Products revenues and Net Sales (as defined in the Interest) and shall further hold with Investor a quarterly call with Company’s management to discuss such report, provided that Company will not disclose any material non-public information to Investor without Investor’s prior written consent.

  • Inventory Covenants With respect to the Inventory: (a) each Borrower and Guarantor shall at all times maintain correct and accurate inventory records in a manner consistent with its current practices as of the Effective Date (except to the extent of changes in such practices as a result of the establishment of a reliable, consistent and accurate perpetual inventory system at the Retail Division for pharmacy and non-perishables), (b) Borrowers and Guarantors shall, or a third party inventory counting service on behalf of Borrowers and Guarantors shall, conduct a physical count of the Inventory at least twice each fiscal year as to non-perishable Inventory of the Retail Division (or on and after the establishment of a retail perpetual inventory system for pharmacy or non-perishables at the Retail Division that is satisfactory to Borrowers and Administrative Agent, one (1) time each year with respect to pharmacy and/or non-perishables, as applicable, whether through periodic cycle counts or otherwise) and once each fiscal four (4) week period of Borrowers and Guarantors (determined in accordance with the current accounting practices of Borrowers and Guarantors as of the Effective Date) as to the perishable Inventory of the Retail Division, and at least once each year, whether through periodic cycle counts or otherwise, as to the Inventory of the Distribution Division, but in each case at any time or times as Administrative Agent may request on or after an Event of Default, and promptly following any such physical inventory shall supply Administrative Agent with a report in the form and with such specificity as may be reasonably satisfactory to Administrative Agent concerning such physical count; (c) Borrowers and Guarantors shall not remove any Inventory from the locations set forth or permitted herein, without the prior written consent of Administrative Agent, except for sales, returns or transfers of Inventory in the ordinary course of its business that are reported to Administrative Agent in accordance with the terms hereof and except to move Inventory directly from one location set forth or permitted herein to another such location and except for Inventory shipped from the manufacturer thereof to such Borrower or Guarantor which is in transit to the locations set forth or permitted herein; (d) Borrowers shall, at their expense, (i) not less than one (1) time in any twelve (12) month period, if Excess Availability at all times during such twelve (12) month period is greater than an amount equal to twenty (20%) percent of the Total Borrowing Base, (ii) not less than two (2) times in any twelve (12) month period, if Excess Availability at any time during such twelve (12) month period is less than or equal to an amount equal to twenty (20%) percent of the Total Borrowing Base and (iii) at any time or times as Administrative Agent may request on or after an Event of Default or at Administrative Agent’s own expense, in each case, deliver or cause to be delivered to Administrative Agent written appraisals as to the Inventory in form, scope and methodology reasonably acceptable to Administrative Agent and by an appraiser acceptable to Administrative Agent, addressed to Administrative Agent and Lenders and upon which Administrative Agent and Lenders are expressly permitted to rely; (e) Borrowers and Guarantors shall produce, use, store and maintain the Inventory with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with applicable laws in all material respects (including the requirements of the Federal Fair Labor Standards Act of 1938, as amended and all rules, regulations and orders related thereto); (f) as between Administrative Agent and Lenders, on the one hand, and Borrowers and Guarantors, on the other hand, each Borrower and Guarantor assumes all responsibility and liability arising from or relating to the production, use, sale or other disposition of the Inventory (but nothing contained herein shall be construed as the basis for any liability of any Borrower or Guarantor as to any third party); (g) Borrowers and Guarantors shall not sell Inventory to any customer on approval, or any other basis which entitles the customer to return or may obligate any Borrower or Guarantor to repurchase such Inventory; except for the right of return given to retail customers of Borrowers in the ordinary course of business and in accordance with the then current return policy of Borrowers; (h) Borrowers and Guarantors shall keep the Inventory in good and marketable condition; and (i) upon Administrative Agent’s request, Borrowers shall, at their expense, conduct through an inventory counting service acceptable to Administrative Agent, a physical count of the Inventory of the Retail Division in form, scope and methodology acceptable to Administrative Agent (but only to the extent that a physical count that is acceptable to Borrowers and Administrative Agent has not been conducted by such inventory counting service within the immediately preceding two fiscal quarters so long as no Default or Event of Default shall exist or have occurred or four (4) fiscal week period of Borrowers and Guarantors (determined in accordance with the current accounting principles of Borrowers and Guarantors as of the Effective Date) at any time a Default or Event of Default shall exist or have occurred, the results of which shall be reported directly by such inventory counting service to Administrative Agent and Borrowers shall promptly deliver confirmation to Administrative Agent that appropriate adjustments have been made to the inventory records of Borrowers to reconcile the inventory count to the inventory records of Borrowers.

  • BORROWER COVENANTS Borrower covenants and agrees that:

  • Seller Covenants Seller covenants and agrees as follows:

  • CONTINUING COVENANTS The Competitive Supplier agrees and covenants to perform each of the following obligations during the term of this ESA.