Examples of Surviving Covenants in a sentence
From and after the Closing, except for any remedy based upon Fraud or intentional breach of this Agreement, the rights and obligations of the Purchaser Indemnified Parties set forth in this Article 11 shall be the sole and exclusive remedy of the Purchaser Indemnified Parties with respect to a breach of or inaccuracy in any of the Fundamental Representations, the Surviving Covenants of the Shareholders, or for Damages in respect of Excluded Taxes.
The Parties further acknowledge and agree that the Surviving Covenants, Section 10.4 of the Merger Agreement (Confidentiality), the Surviving Closing Agreement Provisions, and the provisions of the Registration Rights Agreement, shall remain in effect from and after the date hereof in accordance with their terms.
Therefore, the parties agree that, in the event of Purchaser's default, Seller shall, as its sole remedy, be entitled to retain the Deposit as liquidated damages, and neither party shall have any further rights or obligations with respect to the other under this Agreement, except for the Surviving Covenants (hereinafter defined).
US2 covenants and agrees to be bound by the following Construction Period Surviving Covenants and Perpetual Surviving Covenants with respect to the D-2 Block (collectively, the “US2’s Surviving D-2 Block Covenants”), all of which are intended to operate as covenants running with the land.
The Perpetual Surviving Covenants shall be solely for the benefit of, and enforceable only by, the SRA and its successors.