COVENANTS OF MMAX AND HP Sample Clauses

COVENANTS OF MMAX AND HP. Section 5.01 Conduct of Business of MMAX and HP Except as contemplated by this Agreement or as expressly agreed to in writing by the other party, during the period from the date of this Agreement to the Closing Date, each of MMAX, HLM Paymeon and HP will conduct its operations substantially as presently operated and only in the ordinary course of business, in a normal manner consistent with past practices and will use commercially reasonable efforts to preserve intact its business organization, to keep available the services of its officers and employees and to maintain satisfactory relationships with suppliers, distributors, customers and others having business relationships with it and will take no action which would adversely affect its ability to consummate the transactions contemplated by this Agreement.
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to COVENANTS OF MMAX AND HP

  • Covenants of Parent Parent agrees that:

  • Covenants of Company In the event that any litigation with claims in excess of $1,000,000 to which the Company is a party which shall be reasonably likely to result in a material judgment against the Company that the Company will not be able to satisfy shall be commenced by an Owner, during the period beginning nine months following the commencement of such litigation and continuing until such litigation is dismissed or otherwise terminated (and, if such litigation has resulted in a final judgment against the Company, such judgment has been satisfied), the Company shall not make any distribution on or in respect of its membership interests to any of its members, or repay the principal amount of any indebtedness of the Company held by CFC, unless (i) after giving effect to such distribution or repayment, the Company's liquid assets shall not be less than the amount of actual damages claimed in such litigation or (ii) the Rating Agency Condition shall have been satisfied with respect to any such distribution or repayment. The Company will not at any time institute against the Trust any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Certificates, the Notes, this Agreement or any of the Basic Documents.

  • Covenants of the Vendor The Vendor covenants and agrees with the Purchaser as follows:

  • COVENANTS OF THE DEBTOR So long as this Security Agreement remains in effect Debtor covenants and agrees:

  • Covenants of Parties The Parties hereby covenant and agree as follows:

  • Covenants of the Buyer The Buyer covenants and agrees with the Seller as follows:

  • Covenants of Seller Seller covenants and agrees with Buyer as follows:

  • COVENANTS OF THE STOCKHOLDER Section 1.01.

  • COVENANTS OF DEBTOR Debtor hereby covenants and agrees as follows:

  • Covenants of Acquiror 31 Section 7.1 Consummation of Agreement............................................................. 32 Section 7.2 Requirements to Effect Merger......................................................... 32 Section 7.3 Access................................................................................ 32 Section 7.4

Time is Money Join Law Insider Premium to draft better contracts faster.