Adequate Provision Clause Samples
The Adequate Provision clause requires that sufficient resources, funds, or arrangements are made to fulfill specific obligations under an agreement. In practice, this means a party must ensure that necessary financial or logistical support is in place before certain actions are taken, such as making payments, delivering goods, or meeting regulatory requirements. This clause helps prevent breaches or delays by mandating proactive preparation, thereby reducing the risk of non-performance and ensuring smoother execution of contractual duties.
Adequate Provision. Without limiting the foregoing subsections (a), (b) and (c) of this Section 4.9: (i) the Financial Statements of ▇▇▇▇▇ include adequate provision for all Taxes which have been or may in the future be assessed against any of the ▇▇▇▇▇ Companies with respect to the appropriate period then ended and all periods prior thereto; and (ii) except as set forth on Schedule 4.9(d) and other than Taxes provided for in the Financial Statements, the ▇▇▇▇▇ Companies are not liable for any other material Taxes, including any accrued but unpaid Taxes not yet due and owing all without application of any net operating loss.
Adequate Provision. Notwithstanding any other provision contained in this Agreement to the contrary, to the extent Company fails to reimburse the Collateral Agent pursuant to Section 8.2 or 8.3 of this Agreement, or if any Instruction Notice is delivered to Collateral Agent under this Agreement, the Creditors shall ratably in accordance with their respective Pro Rata Shares indemnify the Collateral Agent and hold it harmless from and against any and all liabilities, losses (except losses occasioned solely by failure of Company to make any payments required by this Agreement (excepting those described in Sections 8.2 or 8.3), or the Credit Documents), costs and/or expenses, including, without limitation, any liabilities, losses, costs and/or expenses arising from the failure of any Creditor to perform its obligations hereunder or in respect of this Agreement, and also including, without limitation, reasonable attorneys' fees and expenses, which the Collateral Agent may incur, directly or indirectly, in connection with this Agreement, or any of the Security Agreements or any action or transaction related hereto or thereto; provided only that the Collateral Agent shall not be entitled to such indemnification for any losses, liabilities, costs and/or expenses directly and solely resulting from its own gross negligence or willful misconduct. This indemnity shall be a continuing indemnity, contemplates all liabilities, losses, costs and expenses related to the execution, delivery and performance of this Agreement and the Security Agreements, and shall survive the satisfaction and payment of the Company Obligations and the Guarantor Obligations, the expiration or other termination of the Letters of Credit and the termination of this Agreement.
Adequate Provision. Execution of this Agreement shall be accepted by the City as adequate provision for improvements within the meaning of Wisconsin Statutes Sections 236.01 236.13 and 236.45(1).
Adequate Provision. In the event the Company fails to pay amounts due the Collateral Agent under Paragraphs (c) and (d) hereof, the Secured Parties agree to reimburse the Collateral Agent for such amounts on a pro rata basis based on the amount of the M&E Obligations and the Motorola Obligations.