Covenants of Assignee. Assignee hereby covenants and agrees with Assignor as follows:
Covenants of Assignee. Assignee agrees that, during the term of this Assignment Agreement, and as long as the Gas Storage Contract is in effect, Assignee (i) shall pay to Xxxx Bluff the Total Storage Reservation Fee as specified by Assignor and all other costs for storage services utilizing the natural gas storage facilities that are the subject of this Assignment Agreement; (ii) shall be responsible for any fuel retention or fuel costs as specified by the Gas Storage Contract; (iii) shall not reassign any capacity granted to it hereunder to any third party; (iv) shall comply with the applicable provisions of Xxxx Bluff’s operating rules and procedures including but not limited to applicable quality standards, delivery pressures and measurement requirements, and Xxxx Bluff’s Statement of General Terms and Standard Operating Conditions (“SOC”) including the applicable credit requirements; and (v) shall not change any of the terms and conditions of the Gas Storage Contract without the express written consent of Assignor.
Covenants of Assignee. (a) Assignee shall use its reasonable efforts to satisfy each of the conditions to closing set forth in Section 4 hereof.
Covenants of Assignee. Assignee covenants and agrees that through the Termination Date, which covenants and agreements shall supersede and replace the covenants and agreements contained in Section 7.4 of the Financial Warranty Agreement:
Covenants of Assignee. Assignee hereby covenants and promises that:
Covenants of Assignee. 3.1 Covenant Not to Use Marks in Upstream Oilfield Business. For a period of seven years following the Effective Date, ASSIGNEE covenants and agrees that it and its Affiliates will not use or license the Marks directly in connection with the sale, promotion, design, manufacture or development of goods or services in the Upstream Oilfield Business. The foregoing prohibition against use and licensing the Marks includes, without limitation, any contract or agreement by the Assignee or any Affiliates thereof under which the Assignee or such Affiliate purports to transfer to a third person, or permit a third person to use, any of the Marks; provided, however, that after the third anniversary of the Effective Date, ASSIGNEE may identify its Upstream Oilfield Businesses, if any, as being a "Dresser Company" (assuming that Dresser, Inc. is the ASSIGNEE or parent entity of the ASSIGNEE).
Covenants of Assignee. From and after the date hereof, Assignee hereby assumes all right, title and interest of Assignor in and to the Lease, agrees to be bound by all terms and conditions thereof, and agrees to protect, defend and indemnify and save harmless Assignor and its subsidiaries and related companies and the directors, officers, employees, workmen and agents of Assignor and its subsidiaries and related companies, from and against any loss, cost, damage, demand, claim or other liability, including attorneys fees and other expenses of litigation, which directly or indirectly results from or arises out of Assignee's performance or nonperformance under the Lease, or which directly or indirectly results from or arises out of Assignee's ownership, use or possession of the Leased Premises or the improvements thereon. Not more than fifteen (15) days after the date hereof, Assignee shall obtain and furnish to the Lessor (with a copy furnished to Assignee) a certificate evidencing that Assignee has obtained the insurance coverages requested by the Lease.
Covenants of Assignee. Assignee agrees that, during the Term (defined below) of this Temporary Assignment Agreement, and as long as the Assignor Firm Service Agreement is in effect, Assignee shall: (a) assume any and all liabilities for any obligations owed or due to be performed or discharged in favor of Pipeline in respect of the Assigned Service under the Assignor Firm Service Agreement on or after the Commencement Date, including without limitation all obligations as set forth in Articles 3.6 and 3.7 of the Tariff (Credit) with respect to the Assigned Service and the rights and obligations assigned via Exhibit A attached hereto;
Covenants of Assignee. (a) As a condition of the assignment herein, the Assignee hereby expressly assumes the duties, obligations and responsibilities of the Assignor as the "Developer" under the Development Agreement.
Covenants of Assignee. Assignee hereby agrees and covenants to timely, properly and fully perform each and every one of the Obligations.
