Continuing Obligations of the Company. The Company shall remain liable to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Collateral, all in accordance with the terms and conditions thereof, and the Company agrees to indemnify and hold harmless the Administrative Agent and the Secured Parties from and against any and all liability for such performance.
Continuing Obligations of the Company. Although the specific shares of Common Stock and/or Preferred Stock disposed of pursuant to a Piggy-Back Registration will cease to be Registrable Securities, the mere registration of Registrable Securities under this Section 4 shall not relieve the Company of its obligation to effect or maintain a Shelf Registration Statement pursuant to Section 2 or 3. No failure by the Holders to elect a Piggy-Back Registration under this Section 4 or to complete the sale of Registrable Securities pursuant to the registration statement effected in connection therewith, and no withdrawal of Registrable Securities from a Piggy-Back Registration, shall relieve the Company of any other obligation under this Agreement, including without limitation, the Company's obligations under Sections 2, 3, 5 and 6.
Continuing Obligations of the Company. The nature of this Agreement and the obligations of Karts International is that of a purchase of all the outstanding common stock of the Company and, except as otherwise expressly provided for in this Agreement, Karts International specifically assumes no liability or responsibility under any of the Company's benefit plans, programs, arrangements, agreements, coverages or policies as a successor employer or otherwise. Karts International shall not, under any circumstances, be liable for any expense or liability that may arise from employment with or termination of any employee of the Company. The Company shall recognize and shall bear the full cost and expense of any entitlement to benefits applicable to the employees of the Company and persons who have retired or will retire from such employment prior to the Closing Date, under the Company's benefit plans, programs, arrangements, agreements, coverages and policies or otherwise. The Company shall also continue and bear the expense of any such plans, programs, arrangements, coverages, agreements and
Continuing Obligations of the Company. Until the end of time, except for the occurrence of either the conversion in full or the redemption in full by the Debtholder or its successors and assigns of all the shares of the Series C Preferred Stock, the Company agrees to be bound by the designations and preferences of the Series C Preferred Stock as stated in the Amendment to its Articles of Incorporation, attached hereto as Exhibit B, including, but not limited to, its “Rank”, “Exchangeability”, “Interchangeability”, and “Conversion” features (“Article V Authorized Stock”). The Company may not amend any of the section (s)
