{"component": "clause", "props": {"groups": [{"samples": [{"hash": "bsvdiuOQyvl", "uri": "/contracts/bsvdiuOQyvl#additional-continuing-covenants", "label": "Income Tax Allocation Agreement (Mueller Water Products, Inc.)", "score": 21.0, "published": true}, {"hash": "aehUKhKJRD6", "uri": "/contracts/aehUKhKJRD6#additional-continuing-covenants", "label": "Income Tax Allocation Agreement (Walter Industries Inc /New/)", "score": 21.0, "published": true}, {"hash": "2lu0EH95rEb", "uri": "/contracts/2lu0EH95rEb#additional-continuing-covenants", "label": "Income Tax Allocation Agreement (Mueller Water Products, Inc.)", "score": 21.0, "published": true}], "size": 3, "snippet": "(a) \u2587\u2587\u2587\u2587\u2587\u2587\u2587 RESTRICTIONS. \u2587\u2587\u2587\u2587\u2587\u2587\u2587 agrees that, until such time as the stock of \u2587\u2587\u2587\u2587\u2587\u2587\u2587 owned by \u2587\u2587\u2587\u2587\u2587\u2587 and \u2587\u2587\u2587\u2587\u2587\u2587 Affiliates constitutes fifty percent (50%) or less of the total combined voting power of all of the outstanding stock of \u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 (1) will not knowingly take or fail to take, or permit any \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Affiliate to knowingly take or fail to take, any action that could reasonably be expected to preclude Walter\u2019s ability to effectuate a Distribution, and (2) will not issue any stock of \u2587\u2587\u2587\u2587\u2587\u2587\u2587 (or any instrument that is convertible, exercisable or exchangeable into any such stock) in an acquisition or public or private offering if, immediately after such issuance, \u2587\u2587\u2587\u2587\u2587\u2587 would, or would reasonably be expected to, not own stock of \u2587\u2587\u2587\u2587\u2587\u2587\u2587 that, on a fully diluted basis, constitutes \u201ccontrol\u201d (within the meaning of Section 368(c) of the Code) of \u2587\u2587\u2587\u2587\u2587\u2587\u2587. In the event of a Distribution, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 agrees that (1) it will take, and cause each \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Affiliate to take, any action reasonably requested by \u2587\u2587\u2587\u2587\u2587\u2587 in order to enable \u2587\u2587\u2587\u2587\u2587\u2587 to effectuate a Distribution (including, without limitation, any internal restructuring necessary to satisfy the active trade or business requirement of Section 355(b) of the Code) and (2) it will not take or fail to take, or permit any \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Affiliate to take or fail to take, any action where such action or failure to act would be inconsistent with any written representations of an officer of \u2587\u2587\u2587\u2587\u2587\u2587\u2587 pursuant to Section 4.2(e) of this Agreement with respect to any material, information, covenant or representation that relates to facts or matters related to \u2587\u2587\u2587\u2587\u2587\u2587\u2587, any \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Affiliate, or the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Business in an Officer\u2019s Certificate, Tax Opinion, Supplemental Tax Opinion, Ruling Documents, Supplemental Ruling Documents, Ruling, or Supplemental Ruling other than as permitted by Section 4.2(c) of this Agreement. For this purpose an action is considered inconsistent with a representation if the representation states that there is no plan or intention to take such action. In the event of a Distribution, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 agrees that it will not take (and it will cause the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Affiliates to refrain from taking) any position on a Tax Return that is inconsistent with the treatment of a Distribution as a tax-free transaction under Section 355 of the Code.", "snippet_links": [{"key": "the-stock", "type": "clause", "offset": [66, 75]}, {"key": "owned-by", "type": "definition", "offset": [87, 95]}, {"key": "fifty-percent", "type": "definition", "offset": [137, 150]}, {"key": "power-of", "type": "clause", "offset": [194, 202]}, {"key": "outstanding-stock", "type": "definition", "offset": [214, 231]}, {"key": "any-action", "type": "definition", "offset": [364, 374]}, {"key": "could-reasonably-be-expected-to", "type": "definition", "offset": [380, 411]}, {"key": "ability-to", "type": "definition", "offset": [430, 440]}, {"key": "a-distribution", "type": "clause", "offset": [452, 466]}, {"key": "private-offering", "type": "clause", "offset": [632, 648]}, {"key": "fully-diluted-basis", "type": "definition", "offset": [772, 791]}, {"key": "meaning-of", "type": "clause", "offset": [827, 837]}, {"key": "the-code", "type": "clause", "offset": [856, 864]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [878, 895]}, {"key": "requested-by", "type": "definition", "offset": [1012, 1024]}, {"key": "in-order-to", "type": "clause", "offset": [1032, 1043]}, {"key": "without-limitation", "type": "clause", "offset": [1099, 1117]}, {"key": "internal-restructuring", "type": "definition", "offset": [1123, 1145]}, {"key": "active-trade-or-business", "type": "definition", "offset": [1171, 1195]}, {"key": "section-355", "type": "clause", "offset": [1211, 1222]}, {"key": "failure-to-act", "type": "clause", "offset": [1370, 1384]}, {"key": "an-officer", "type": "clause", "offset": [1443, 1453]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1465, 1484]}, {"key": "this-agreement", "type": "clause", "offset": [1495, 1509]}, {"key": "with-respect-to", "type": "clause", "offset": [1510, 1525]}, {"key": "relates-to", "type": "definition", "offset": [1585, 1595]}, {"key": "related-to", "type": "clause", "offset": [1613, 1623]}, {"key": "the-\u2587", "type": "clause", "offset": [1659, 1664]}, {"key": "supplemental-tax-opinion", "type": "definition", "offset": [1722, 1746]}, {"key": "supplemental-ruling-documents", "type": "definition", "offset": [1766, 1795]}, {"key": "no-plan-or-intention", "type": "clause", "offset": [2008, 2028]}, {"key": "tax-return", "type": "clause", "offset": [2203, 2213]}, {"key": "treatment-of", "type": "clause", "offset": [2244, 2256]}], "hash": "56f2ce9bfb1eccc06d7d5f72f771b810", "id": 1}, {"samples": [{"hash": "dQDiRjIXqET", "uri": "/contracts/dQDiRjIXqET#additional-continuing-covenants", "label": "Stock Purchase Agreement (Advanced Micro Devices Inc)", "score": 18.0, "published": true}], "size": 3, "snippet": "Seller's Post-Closing Access................................. 32 5.2 No Rights to Seller Intellectual Property.................... 33 5.3 Insurance; Indemnity Obligations............................. 34 5.4 WARN Act..................................................... 35 5.5", "snippet_links": [{"key": "no-rights", "type": "clause", "offset": [69, 78]}, {"key": "seller-intellectual-property", "type": "definition", "offset": [82, 110]}, {"key": "indemnity-obligations", "type": "definition", "offset": [149, 170]}, {"key": "warn-act", "type": "definition", "offset": [207, 215]}], "hash": "0a2c10bd182f3e6e86575d3b7027ba8d", "id": 2}, {"samples": [{"hash": "hrw67cRwDrR", "uri": "/contracts/hrw67cRwDrR#additional-continuing-covenants", "label": "Asset Purchase Agreement (Miramar Labs, Inc.)", "score": 27.7843942505, "published": true}, {"hash": "8Eagnm6cMJP", "uri": "/contracts/8Eagnm6cMJP#additional-continuing-covenants", "label": "Asset Purchase Agreement (Miramar Labs, Inc.)", "score": 27.4476386037, "published": true}], "size": 2, "snippet": "Seller and Buyer hereby agree to the following:", "snippet_links": [{"key": "seller-and-buyer", "type": "clause", "offset": [0, 16]}, {"key": "agree-to", "type": "clause", "offset": [24, 32]}], "hash": "fb8ba29357871ba89732a3dac1c16d5d", "id": 3}, {"samples": [{"hash": "3UuY3kGTW57", "uri": "/contracts/3UuY3kGTW57#additional-continuing-covenants", "label": "Asset Purchase Agreement (Intersil Corp)", "score": 18.0, "published": true}], "size": 2, "snippet": "7.1 Noncompetition", "snippet_links": [], "hash": "a3a87a65dd0f34627cb9bcd44e5611c0", "id": 4}, {"samples": [{"hash": "iGqS4vuc192", "uri": "/contracts/iGqS4vuc192#additional-continuing-covenants", "label": "Stock Purchase Agreement (Wyle Electronics)", "score": 18.0, "published": true}], "size": 2, "snippet": "36 5.1 Noncompetition................................. 36 5.2 Nondisclosure of Proprietary Data.............. 37 5.3", "snippet_links": [{"key": "nondisclosure-of-proprietary-data", "type": "clause", "offset": [62, 95]}], "hash": "420e350fb656958d773462c3daf12883", "id": 5}, {"samples": [{"hash": "asIYEzUAkiR", "uri": "/contracts/asIYEzUAkiR#additional-continuing-covenants", "label": "Asset Purchase Agreement (Mindarrow Systems Inc)", "score": 18.0, "published": true}], "size": 1, "snippet": "6.1 Confidentiality ................................................ 21 6.2", "snippet_links": [], "hash": "aa3e4f086af1b56e8972b19172c53103", "id": 6}, {"samples": [{"hash": "3JUYWsW8CXx", "uri": "/contracts/3JUYWsW8CXx#additional-continuing-covenants", "label": "Stock Purchase Agreement (Stellex Industries Inc)", "score": 18.0, "published": true}], "size": 1, "snippet": "33 5.1 Noncompetition............................................................................. 33 5.2 Nondisclosure of Proprietary Data.......................................................... 33 5.3 Refund Claims and Warranty Claims.......................................................... 33", "snippet_links": [{"key": "nondisclosure-of-proprietary-data", "type": "clause", "offset": [106, 139]}, {"key": "refund-claims-and-warranty-claims", "type": "clause", "offset": [205, 238]}], "hash": "03a8cedfa725cda49e47c06add120a40", "id": 7}, {"samples": [{"hash": "2efyoLVuiUo", "uri": "/contracts/2efyoLVuiUo#additional-continuing-covenants", "label": "Asset Purchase Option Agreement (Cypress Bioscience Inc)", "score": 18.0, "published": true}], "size": 1, "snippet": "7.1 Employment Matters....................................................................................... 25 7.2", "snippet_links": [{"key": "employment-matters", "type": "clause", "offset": [4, 22]}], "hash": "63b60ead6d5db5d5957f816f3190fc02", "id": 8}, {"samples": [{"hash": "eMEvpQole86", "uri": "/contracts/eMEvpQole86#additional-continuing-covenants", "label": "Asset Purchase Agreement (Image Entertainment Inc)", "score": 18.0, "published": true}], "size": 1, "snippet": "7.1 Non-competition.", "snippet_links": [], "hash": "ac14725d2c51ad459624f9bd0b01744e", "id": 9}, {"samples": [{"hash": "7xtPbKlxQPD", "uri": "/contracts/7xtPbKlxQPD#additional-continuing-covenants", "label": "Merger Agreement (Macneal Schwendler Corp)", "score": 18.0, "published": true}], "size": 1, "snippet": "5.1 Nondisclosure of Proprietary Data 24 5.2 Tax Cooperation 24 ARTICLE VI - CONDITIONS", "snippet_links": [{"key": "nondisclosure-of-proprietary-data", "type": "clause", "offset": [4, 37]}, {"key": "tax-cooperation", "type": "clause", "offset": [45, 60]}, {"key": "article-vi", "type": "definition", "offset": [64, 74]}], "hash": "fbec4adba63ccf4034487fae3ab1cebd", "id": 10}], "next_curs": "CmgSYmoVc35sYXdpbnNpZGVyY29udHJhY3RzckQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IihhZGRpdGlvbmFsLWNvbnRpbnVpbmctY292ZW5hbnRzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["deconsolidation-and-distribution-taxes", "Deconsolidation and Distribution Taxes"]], "children": [["nondisclosure-of-proprietary-data", "Nondisclosure of Proprietary Data"], ["noncompetition", "Noncompetition"], ["special-remedies-and-enforcement", "Special Remedies and Enforcement"], ["tax-cooperation", "TAX COOPERATION"], ["restrictions-on-competitive-activities", "Restrictions on Competitive Activities"]], "title": "Additional Continuing Covenants", "size": 55, "id": "additional-continuing-covenants", "related": [["continuing-covenants", "CONTINUING COVENANTS", "CONTINUING COVENANTS"], ["additional-covenants", "Additional Covenants", "Additional Covenants"], ["additional-covenant", "Additional Covenant", "Additional Covenant"], ["further-assurances-and-additional-covenants", "Further Assurances and Additional Covenants", "Further Assurances and Additional Covenants"], ["parent-covenants", "Parent Covenants", "Parent Covenants"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The \"Additional Continuing Covenants\" clause sets out ongoing obligations that a party must fulfill throughout the duration of an agreement. These covenants typically require the party to maintain certain standards, provide regular reports, or refrain from specific actions for as long as the contract is in effect. For example, a borrower might be required to maintain insurance or comply with laws continuously. The core function of this clause is to ensure that key responsibilities are upheld over time, thereby protecting the interests of the other party and reducing the risk of default or non-compliance."}, "json": true, "cursor": ""}}