Charitable Commitments Sample Clauses
The Charitable Commitments clause defines the obligations of a party to make donations or contributions to specified charitable organizations as part of the agreement. Typically, it outlines the amount, timing, and method of such contributions, and may require proof of payment or ongoing reporting to ensure compliance. This clause ensures that agreed-upon philanthropic actions are carried out as intended, providing accountability and clarity regarding charitable giving within the contractual relationship.
Charitable Commitments. Buyer is committed to supporting charitable activities in the communities which the Company serves consistent with the Company’s past practices and agrees that it will honor all charitable commitments of the Company as of the Effective Time and, for a period of three (3) years following the Effective Time, Buyer will continue the Company’s charitable giving in the region currently served by the Company at an annual level as set forth on Schedule 6.17 of the Company Disclosure Schedule. Determinations regarding the allocation of these funds shall be made by Buyer.
Charitable Commitments. None of the Subsidiaries has any unsatisfied community or charitable pledges, contributions or commitments in excess of $25,000 in the aggregate.
Charitable Commitments. Buyer is committed to supporting charitable activities in the communities which the Company serves consistent with the Company's past practices.
Charitable Commitments. Buyer shall honor all charitable commitments made by the Company and in effect as of the Effective Date; provided, however, that Buyer shall not be obligated to honor such charitable commitments that exceed, in the aggregate, the Company’s charitable commitments made in the twelve (12) months prior to the Effective Date. Buyer is committed to continuing its role as a good corporate citizen and to support charitable activities in the communities which it serves. Buyer has created a charitable foundation which serves many of the same communities which are served by the Company.
Charitable Commitments. Prior to the Closing, the Sellers shall cause RTMAC to fund in full and terminate each charitable commitment described (or that should have been described) in Section 2.12(a)(xvii) of the RTMAC Disclosure Letter.
Charitable Commitments. Prior to the Closing, (x) RTMRG shall, or shall cause its applicable Subsidiary to, fund in full and terminate each charitable commitment described (or that should have been described) in Section 5.12(a)(xviii) of the RTMRG Disclosure Letter and (y) ARG shall, or shall cause its applicable Subsidiary to fund in full and terminate each charitable commitment described (or that should have been described) in Section 3.12(a)(xviii) of the Triarc Disclosure Letter.