Company hereunder Clause Samples
The 'Company hereunder' clause defines the specific entity referred to as the 'Company' throughout the agreement. It clarifies which legal entity is bound by the contract's terms, especially important in cases where a business operates under multiple subsidiaries or related entities. By establishing this definition, the clause ensures there is no ambiguity about which party is responsible for fulfilling the obligations and receiving the rights set forth in the contract, thereby preventing potential disputes over contractual liability.
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Company hereunder. Consultant shall immediately give notice to the Company of any unauthorized use or disclosure of the Confidential Information. Consultant shall assist the Company in remedying any such unauthorized use or disclosure of the Confidential Information. Consultant agrees not to communicate any information to the Company in violation of the proprietary rights of any third party
Company hereunder. The Consultant represents, warrants and covenants to the Company that he will use his best efforts in performing his duties hereunder.
Company hereunder. Notwithstanding the foregoing, the unpaid principal amount of the Notes may not be accelerated pursuant to an Event of Default described in subsection d if prior to such acceleration, all amounts due under such other indebtedness as described in such subsection shall have been repaid. The provisions of this Section are subject, however, to the condition that if, at any time after any Note shall have so become due and payable, the Company shall pay all arrears of interest on such Note and all payments on account of the principal on such Note and any other amounts owing which shall have become due otherwise than by acceleration (with interest on such principal, and, to the extent permitted by law, on overdue payments of interest, at the rate specified in the Notes) and all Events of Default (other than nonpayment of principal of and accrued interest on Notes, due and payable solely by virtue of acceleration) shall be remedied or waived pursuant to Section 9, then, and in every such case, the Majority Noteholders, by written notice to the Company, may rescind and annul any such acceleration and its consequences; but no such action shall affect any subsequent Event of Default or impair any right consequent thereon.
Company hereunder. The Company shall, consistent with the provisions of this Indenture and the other contractual obligations of the Company, designate whether Notes to be issued shall be Series A Notes or Series B Notes.
Company hereunder. For purposes of this Agreement, a Letter of Credit shall be deemed outstanding as of any time in an amount equal to the maximum amount which could be drawn thereunder under any circumstances and over any period of time plus any unreimbursed drawings then outstanding with respect thereto. If and to the extent any Letter of Credit expires or otherwise terminates without having been drawn upon, the availability under the Commitment shall to such extent be reinstated. The parties acknowledge and agree that the Blue Mountain L/C is not a Letter of Credit hereunder.