CONSIDERATION FOR COVENANT Sample Clauses

CONSIDERATION FOR COVENANT. As consideration for his continued employment with Employer and the grant of access by Employer to Confidential Information, as provided in SECTION 9(b) of this Agreement, Executive will use this information, training and good will solely for the benefit of Employer, and further agrees to the Covenants set forth in this SECTION 10. Executive agrees and acknowledges that the covenants set forth in this SECTION 10 are ancillary to the agreements regarding Confidential Information contained in SECTION 9 of this Agreement, and that these covenants set forth in this SECTION 10 are reasonably necessary to protect Employer's interests in the Confidential Information to which Executive is given access hereunder.
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CONSIDERATION FOR COVENANT. As consideration for this Agreement, Xxxxxx is paying Shareholder the sum of $135,833 in cash concurrently with the execution and delivery of this Agreement.
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CONSIDERATION FOR COVENANT. In consideration of Seller's covenants set forth in Section 1, Buyer agrees to pay to Seller the sum of One Hundred Thousand Dollars ($100,000), the receipt and sufficiency of which is hereby acknowledged. 2 SECTION 3.
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CONSIDERATION FOR COVENANT. In consideration for Wilstar and Mr. -------------------------- Xxxxxxxx entering into this Agreement, Company has paid to Wilstar upon execution of this Agreement the sum of $_______________ pursuant to Section 3.6 of the Third Amendment, receipt of which is hereby acknowledged by Wilstar.
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CONSIDERATION FOR COVENANT. In consideration of Sellers' covenant set forth in Section 1, Buyer agrees to pay to Xxxxxxxx X. Xxxxx Twenty Five Thousand Dollars ($25,000.00) and to Xxxxx Xxxxx Twenty Five Thousand Dollars ($25,000.00), which payments shall be made by wire transfer, pursuant to written wire transfer instructions which will be submitted prior to the Closing of the Stock Purchase Agreement as defined therein. This payment by wire transfer shall take place simultaneously with the wire transfer payment required by Section 1.3 of the Stock Purchase Agreement.
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CONSIDERATION FOR COVENANT. The consideration for this Agreement shall consist of the inducement to Buyer to close and consummate the transactions under the Purchase Agreement, and the Purchase Price to be paid to Seller thereunder.
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CONSIDERATION FOR COVENANT. As consideration for the Company's and the Employee's covenants as set forth in Section 2.10, the Company hereby agrees to pay Employee the severance package as discussed in Section 4 of this Agreement.
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CONSIDERATION FOR COVENANT. In consideration of Seller's and Selling Shareholder's covenant set forth in Section 1, Buyer agrees to pay to Seller a total sum of __________ and 00/100 DOLLARS ($__________), which sum is included as part of the purchase price under the Agreement for Sale and Purchase of Business Assets, dated _________________, 2003.
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Related to CONSIDERATION FOR COVENANT

  • Director Covenants Director agrees that for a period of two (2) years from the Effective Time, Director shall not, directly or indirectly, individually or as an employee, partner, officer, director, promoter or shareholder or in any other capacity whatsoever, except in the performance of customary legal, accounting, insurance, or investment or investment management services as performed at the time of execution of the Agreement or of a similar nature:

  • Confidentiality Covenant You acknowledge that your employment by the Company (which, for purposes of this Section 9 shall mean AOL Time Warner Inc. and its affiliates) will, throughout the term of employment, bring you into close contact with many confidential affairs of the Company, including information about costs, profits, markets, sales, products, key personnel, pricing policies, operational methods, technical processes and other business affairs and methods and other information not readily available to the public, and plans for future development. You further acknowledge that the services to be performed under this Agreement are of a special, unique, unusual, extraordinary and intellectual character. You further acknowledge that the business of the Company is international in scope, that its products and services are marketed throughout the world, that the Company competes in nearly all of its business activities with other entities that are or could be located in nearly any part of the world and that the nature of your services, position and expertise are such that you are capable of competing with the Company from nearly any location in the world. In recognition of the foregoing, you covenant and agree:

  • Purchaser Covenants Purchaser shall have performed and complied in all material respects with all agreements and covenants required to be performed and complied with by Purchaser under this Agreement at or prior to the Closing Date; and

  • Buyer Covenants The Buyer covenants as follows:

  • Particular Covenants 5.01 Payments of Principal, Premium, if any, and Interest, if any. The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay or cause to be paid the principal of, premium, if any, and interest, if any, on the Securities of that series at the times and places and in the manner provided herein and in the Securities of that series.

  • Separate Covenants The covenants of Part IX of this Agreement shall be construed as separate covenants covering their particular subject matter. In the event that any covenant shall be found to be judicially unenforceable, said covenant shall not affect the enforceability or validity of any other part of this Agreement. Employee Initials ____

  • Stock Fully Paid Reservation and Listing of Shares Covenants (a) The Issuer represents, warrants, covenants and agrees that all shares of Warrant Stock which may be issued upon the exercise of this Warrant or otherwise hereunder will, upon issuance, be duly authorized, validly issued, fully paid and non-assessable and free from all taxes, liens and charges with respect to issuance. The Issuer further covenants and agrees that during the period within which this Warrant may be exercised, the Issuer will at all times have authorized and reserved for the purpose of the issue upon exercise of this Warrant a sufficient number of shares of Common Stock to provide for the exercise of this Warrant and, without limiting the foregoing, will take any actions necessary to effectuate the foregoing, including without limitation increasing its authorized capital stock.

  • Confidentiality Covenants (a) The Executive understands that the Company and/or its Affiliates, from time to time, may impart to the Executive confidential information, whether such information is written, oral or graphic.

  • Holdings Covenant Holdings and any Intermediate Holdings will not conduct, transact or otherwise engage in any business or operations other than (i) the ownership and/or acquisition of the Equity Interests of any Intermediate Holdings, Holdings, any IPO Shell Company and any wholly-owned subsidiary of Holdings formed in contemplation of an IPO to become the entity which consummates an IPO, (ii) the maintenance of its legal existence, including the ability to incur fees, costs and expenses relating to such maintenance, (iii) participating in tax, accounting and other administrative matters as a member of the consolidated group of Holdings and the Borrowers or any of their Subsidiaries, (iv) the performance of its obligations under and in connection with the Loan Documents, any documentation governing any Indebtedness or Guarantee permitted to be incurred or made by it under Article VI, the Acquisition Agreement, the Transactions, the other agreements contemplated by the Acquisition Agreement and the other agreements contemplated hereby and thereby, (v) financing activities, including any public offering of its common stock or any other issuance or registration of its Equity Interests for sale or resale not prohibited by this Agreement, including the costs, fees and expenses related thereto including the formation of one or more “shell” companies to facilitate any such offering or issuance, (vi) any transaction that Holdings or any Intermediate Holdings is permitted to enter into or consummate under Article VI (including, but not limited to, the making of any Restricted Payment permitted by Section 6.08 or holding of any cash or Permitted Investments received in connection with Restricted Payments made in accordance with Section 6.08 pending application thereof in the manner contemplated by Section 6.04, the incurrence of any Indebtedness permitted to be incurred by it under Section 6.01 and the making of (and activities as necessary to consummate) any Investment permitted to be made by it under Section 6.04), (vii) incurring fees, costs and expenses relating to overhead and general operating including professional fees for legal, tax and accounting issues and paying taxes, (viii) providing indemnification to officers and directors and as otherwise permitted in Section 6.09, (ix) activities as necessary to consummate and Permitted Acquisition or any other Investment permitted hereunder, (x) activities incidental to the consummation of the Transactions, (xi) activities reasonably incidental to the consummation of an IPO, including the IPO Reorganization Transactions and (xii) activities incidental to the businesses or activities described in clauses (i) to (xi) of this paragraph.

  • Reporting Covenant So long as any Guaranteed Obligations shall remain unsatisfied or any Lender shall have any Commitment, each Guarantor agrees that it shall furnish to the Administrative Agent such information respecting the operations, properties, business or condition (financial or otherwise) of such Guarantor or its Subsidiaries as the Administrative Agent, at the request of any Guaranteed Party, may from time to time reasonably request.

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