COVENANTS OF SELLERS AND GUARANTOR Sample Clauses
The "Covenants of Sellers and Guarantor" clause sets out the ongoing promises and obligations that the sellers and any guarantor must fulfill, both before and after the closing of a transaction. These covenants may include requirements such as maintaining the business in the ordinary course, refraining from taking certain actions without the buyer's consent, or providing necessary information and cooperation. By clearly outlining these duties, the clause ensures that the sellers and guarantor act in good faith and protect the value of the business being sold, thereby reducing the risk of adverse changes or undisclosed liabilities prior to completion of the deal.
COVENANTS OF SELLERS AND GUARANTOR. Each Seller and each Guarantor, as applicable, hereby covenants with Buyer as follows:
COVENANTS OF SELLERS AND GUARANTOR. Each of NCCC, NCMC, NCC, and NCRC and the Guarantor hereby, jointly and severally, covenant with Buyer as follows:
COVENANTS OF SELLERS AND GUARANTOR. From the date hereof until the Repurchase Obligations are paid in full and the Repurchase Documents are terminated, each Seller (unless otherwise specified herein) and the Guarantor, as applicable, shall perform and observe the following covenants, which shall be given independent effect (so that if a particular action or condition is prohibited by any covenant, the fact that it would be permitted by an exception to or be otherwise within the limitations of another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or condition exists):