COVENANTS OF SELLERS PENDING CLOSING Sample Clauses

COVENANTS OF SELLERS PENDING CLOSING. Sellers covenant and agree with Buyer that from and after the date of this Agreement and until the Closing, Sellers will cause the Companies to conduct their business and that of Sycamore and NE 23rd in strict compliance with the following provisions and limitations:
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COVENANTS OF SELLERS PENDING CLOSING. (a) Sellers shall not modify, cancel, extend or otherwise change in any manner, the terms, covenants or conditions of any insurance policy insuring the Property, or the Leases, nor enter into any contracts for services or otherwise that may be binding upon the Property or upon Buyer, nor shall any easements be created or any licenses given on the Property, nor shall any legal action be taken in connection with respect to the Property, nor enter into any new leases of space in the Property, without the express prior written consent of Buyer, which consent may be granted or denied in Buyer’s sole discretion. Buyer agrees to deliver to Sellers such consent or refusal of consent, in writing (and in the event Buyer refuses consent, Buyer shall include with such written refusal, with reasonable specificity, Buyer’s reasons for refusing consent), within three (3) business days after receipt of a written request from Sellers seeking any such consent. In the event Buyer fails to deliver to Sellers such consent or refusal of consent (including Buyer’s reasons therefore), in writing, within three (3) business days after receipt of a written request from Sellers seeking any such consent, Buyer shall be deemed to have consented, in all respects, to any and all matters set forth in the written request from Sellers.
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COVENANTS OF SELLERS PENDING CLOSING. From and after the date of execution of this Agreement and until the Closing, except as otherwise consented to by Buyer in writing and the constraints of applicable operating and other agreements, Sellers shall:
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COVENANTS OF SELLERS PENDING CLOSING. RBSLC and Sellers covenant and agree that, from the date of this Agreement to and including the Closing Date, subject to the provisions of this Agreement, they will take, or refrain from taking, the following actions:
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COVENANTS OF SELLERS PENDING CLOSING. (a) From and after the date of execution of this Agreement and until the Closing, except as otherwise consented to by Buyer in writing and the constraints of applicable operating and other agreements, Sellers shall operate, manage, and administer the Assets in a good and workmanlike manner consistent with their past practices, and shall carry on their business with respect to the Assets in substantially the same manner as before execution of this Agreement. Sellers shall use commercially reasonable efforts to preserve in full force and effect all Leases, operating agreements, easements, rights-of-way, permits, licenses, and agreements which relate to the Assets in which Sellers own an interest, and shall perform all obligations of Sellers in or under all such agreements relating to the Assets. Sellers shall, except for emergency action taken in the face of serious risk to life, property, or the environment, or in order to maintain any Seller's interest in any Lease (i) submit to Buyer, for prior written approval, such approval not to be unreasonably withheld, all requests for operating or capital expenditures which require the submission of an AFE under the applicable operating agreement and all proposed contracts and agreements relating to the Assets which involve individual commitments of more than $100,000.00 (one hundred thousand dollars); (ii) consult with, inform, and advise Buyer regarding all material matters concerning the operation, management, and administration of the Assets, and (iii) obtain Buyer's written approval, such approval not to be unreasonably withheld, prior to voting on any material matter under any operating, unit, joint venture, partnership, or similar agreement. Buyer hereby approves the operating and capital expenditures incurred by Sellers from the Effective Time through the date of this Agreement, as such capital expenditures are shown on Schedule 9.1(a).
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COVENANTS OF SELLERS PENDING CLOSING. Sellers covenant and agree with Buyer that from and after the date of this Agreement and until the Closing, Sellers will cause the Company to conduct its business and that of the Drilling Partnerships subject to the following provisions and limitations:
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COVENANTS OF SELLERS PENDING CLOSING 
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Related to COVENANTS OF SELLERS PENDING CLOSING

  • Covenants of Sellers Sellers covenant and agree as follows:

  • Covenants Pending Closing Pending either Closing, the Company will conduct and will cause its Subsidiaries to conduct their respective businesses in the ordinary course, and will not, and will not permit any of its Subsidiaries to, without the Investor's prior written consent, take any action which would result in any of the representations or warranties contained in this Agreement not being true at and as of the time immediately after such action, or in any of the covenants contained in this Agreement becoming incapable of performance. The Company will promptly advise the Investor of any action or event of which it becomes aware which has the effect of making incorrect any of such representations or warranties or which has the effect of rendering any of such covenants incapable of performance.

  • Covenants of Seller and Buyer Seller and Buyer each covenant with the other as follows:

  • Covenants of Seller Seller covenants and agrees as follows:

  • Covenants of Buyer and Seller Buyer and Seller agree that:

  • REPRESENTATIONS, WARRANTIES AND COVENANTS OF SELLER AND PURCHASER 4.1 To induce Purchaser to enter into this Agreement, Seller hereby makes for the benefit of Purchaser and its assigns with respect to each Mortgage Loan as of the date hereof (or as of such other date specifically set forth in the particular representation and warranty) each of the representations and warranties set forth on Exhibit 2 hereto, except as otherwise set forth on Schedule 2-A attached to such Exhibit 2. In addition, Seller hereby further represents, warrants and covenants to Purchaser as of the date hereof as follows:

  • REPRESENTATIONS AND WARRANTIES OF SELLER AND PURCHASER Seller and Purchaser hereby represent and warrant that there has been no act or omission by Seller, Purchaser or the Corporation which would give rise to any valid claim against any of the parties hereto for a brokerage commission, finder's fee, or other like payment in connection with the transactions contemplated hereby.

  • Negative Covenants of Seller On and as of the date hereof and each Purchase Date and until this Agreement is no longer in force with respect to any Transaction, Seller shall not without the prior written consent of Buyer:

  • REPRESENTATIONS AND WARRANTIES OF SELLER AND THE COMPANY Seller and the Company jointly and severally represent and warrant to the Purchaser that:

  • Representations, Warranties and Covenants of the Mortgage Loan Seller and the Purchaser (a) The Mortgage Loan Seller hereby makes, as of the date hereof (and, in connection with any replacement of a Defective Loan (as defined in Section 4(f) hereof) with one or more Qualified Substitute Mortgage Loans (also as defined in Section 4(f) hereof), pursuant to Section 5(a) hereof, as of the related date of substitution), to and for the benefit of the Purchaser, each of the representations and warranties set forth in Exhibit B-1. The Purchaser hereby makes, as of the date hereof, to and for the benefit of the Mortgage Loan Seller, each of the representations and warranties set forth in Exhibit B-2.

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