Common use of Covenant of Purchaser Clause in Contracts

Covenant of Purchaser. 3.01 The Purchaser hereby covenants to operate Paragon Systems, Inc. in such a way as to maximize long-term shareholder value, and to enhance the value of the Shares. Such provision shall not be interpreted as imposing on Purchaser, or any officer, director or controlling shareholder thereof, any fiduciary or other duty to the Secured Party that exceeds the duties imposed by law on the officers, directors or controlling shareholders of a corporation to the other shareholders of such corporation.

Appears in 4 contracts

Samples: Security Agreement (Tri-S Security Corp), Security Agreement (Tri-S Security Corp), Security Agreement (Tri-S Security Corp)

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