Covenant Term definition

Covenant Term has the meaning set forth in Section 12.1(a).

Covenant Term means a period beginning on the date hereof and ending on the date which is two years after the date on which this Agreement, or Employee's engagement hereunder, is terminated.

Covenant Term means a period beginning on the date hereof and ending on the date which is one year after the date on which this Agreement, or Employee's engagement hereunder, is terminated. (b) "Covenant Territory" shall mean the United States of America and its properties. (c) "Business of the Company" shall mean the development of information technology products or services designed for use in a medical context.

Examples of Covenant Term in a sentence

• Title will automatically revert to Seller pursuant to the reverter clause.If the violation creates an emergency situation, Seller may immediately take possession of the property and Purchaser must vacate the Premises immediately.In the event that the Premises are abandoned by Purchaser during the Covenant Term, Seller may take immediate possession of the Premises, and all animals, personal property and improvements therein without liability for damage.

• It is anticipated that Owner will be leasing the Property for the operation of the HSSO, however, if Owner, during the Covenant Term, relocates to another property or acquires the Property from which the HSSO will be located, Owner shall also maintain or cause to be maintained the landscaping upon the Property in first class condition.

• In the event the Premises is to be used for security or loan collateral during the Covenant Term, Purchaser can obtain Seller’s written approval to waive the provision of this paragraph.

• Owner covenants and agrees that, for the Covenant Term, Owner will not directly or indirectly solicit or accept any “Financial Assistance” from any other public or private person or entity, if such Financial Assistance is given for the express or implied purpose of causing or would result in Owner’s breach of any of the Covenants.

• For the Covenant Term, Sampras, on behalf of itself and all Sampras Group members, agrees not to bring, assert or commence against NewCo or any NewCo Group member any claim, action or proceeding alleging that NewCo is making, using or selling, offering to sell, importing, or otherwise infringing on the rights of any Sampras Patents or any Sampras VOIP Patents (the “Sampras Covenant”).

More Definitions of Covenant Term

Covenant Term means a period beginning on the Closing Date (as defined in the Merger Agreement) and ending four (4) years thereafter.

Covenant Term means the five-year period from the Effective Date during which the Mexican Investors, each in their individual capacity, shall comply with the Mexican Investor Covenants.

Covenant Term means the period beginning on the Effective Date and ending five (5) years from the earlier termination of this Agreement pursuant to Sections 3(A) or 8; and (ii) "Covenant Territory" shall mean (a) any state other than California, Florida, New York and Illinois in which Buyer may conduct a grocery or restaurant business prior to the operation of such business by Thal, and (b) the states of California, Florida, New York and Illinois.

Covenant Term means, a period of no less than 15 years following the Effective Date (unless terminated sooner or extended pursuant to specific provisions of this Covenant Agreement). The Covenant Term may be unilaterally extended by Owner for an additional 15 years period provided that: (a) Owner is not in breach of the Covenants in this Covenant Agreement; and (b) Owner provides City with written notice of Owner’s intent to extend the term not less than ninety (90) days prior to the expiration of the original Covenant Term.

Covenant Term means the period beginning at the Final Closing and ending at 11:59 p.m. Central Time on the three- (3) year anniversary of the Final Closing Date with respect to the covenants in Section 6.7(b), Section 6.7(c) and Section 6.7(d).

Covenant Term means the Term of this Agreement and, in the event that Executive has not provided the required notice under Section 1(a) hereto of his intention not to renew this Agreement, for such additional period of months as Executive was required to give notice under Section 1(a) and failed to provide such notice (i.e., should Executive provide notice three (3) months before the end of the Term that he does not intend for this Agreement to renew for the Additional Term, the Covenant Term shall be a period of nine (9) months after the termination of this Agreement); further provided, however, that in the event Executive's employment is terminated pursuant to Section 1(b) hereof, the Covenant Term shall be extended to run contemporaneously with the period during which Executive receives payments under Section 1(b ).

Covenant Term means, a period of fifteen (15) years following the Effective Date (unless terminated sooner pursuant to specific provisions of this Covenant Agreement.