Undertaking by the Vendor Clause Samples
The 'Undertaking by the Vendor' clause sets out the specific promises or commitments that the vendor makes to the buyer within a contract. Typically, this clause details the vendor's obligations, such as delivering goods or services in accordance with agreed specifications, timelines, and quality standards. For example, the vendor may undertake to provide products free from defects or to comply with all relevant laws and regulations. The core function of this clause is to clearly define the vendor's responsibilities, thereby ensuring accountability and providing the buyer with assurance regarding the vendor's performance.
Undertaking by the Vendor. The Vendor undertakes to accept the Subscription Shares subject to the constitutional documents of the Company and (subject to and conditional upon Subscription Completion) to pay to the Company any interest accrued on the net proceeds from the Placing for the period commencing on the Placing Completion Date and ending on the Subscription Completion Date.
Undertaking by the Vendor. The Vendor undertakes that it will not, prior to the Closing Date sell or otherwise in any way assign, transfer, alienate, hypothecate or dispose of to any person, firm or corporation its right, title, and interest in the invention or the patent application sold to the Purchaser.
Undertaking by the Vendor. (a) The Vendor undertakes not to sell or otherwise in any way alienate or dispose of the documents and proprietary technology referred to herein to any other person, firm, or corporation.