Third Party Commitments Clause Samples
The Third Party Commitments clause defines the obligations and responsibilities that a party assumes in relation to agreements or promises made with entities outside the main contract. Typically, this clause clarifies whether a party is permitted to make commitments on behalf of the other party, or if prior written consent is required before entering into such arrangements with third parties. Its core function is to prevent unauthorized obligations and ensure that neither party is unexpectedly bound by commitments made to external entities, thereby protecting both parties from unforeseen liabilities.
Third Party Commitments. Company shall use its best efforts to cause all third-party commitments to agents or subcontractors of Company or VSI related to any Work Order to be terminable upon not more than sixty (60) days prior written notice, and shall specifically advise VSI if any proposed commitments shall not be so terminable.
Third Party Commitments. Except for the Permitted Exceptions, Leases and Property Agreements and as otherwise expressly permitted hereunder, Seller has not made any commitment to any governmental authority, utility company, Tenant, or to any other entity, organization, group or individual, that in any instance would be binding upon the Property or the Purchaser after Closing.
Third Party Commitments. Except as may be disclosed in the Title Commitment, Seller has no knowledge commitments have been made to any governmental authority, utility company, school board, church or other religious body, or any property owners association, or to any other organization, group, or individual, relating to the Property which would impose an obligation upon Buyer or its successors or assigns to make any contribution or dedications of any portion of the Property or to construct, install, or maintain any improvements of a public or private nature on the Property. As used in this subsection, the term "knowledge" shall mean the actual present recollection of Jose▇▇ ▇.
Third Party Commitments. Neither of the Parties will be entitled to make any commitments to any third party that would be binding on any other Party without the prior written consent of such other Parties, and no rights or benefits accrue to any third party as a result of this Joint Development Agreement.