Common use of Covenants of the Buyer Clause in Contracts

Covenants of the Buyer. 10.1 Subject to approval of the Auditors, the Buyer undertakes to cause those Directors who retire in connection with this transaction to be granted discharge from liability for their administration until the Closing Date (or the earlier date of their retirement) at the next annual shareholders’ meeting of the respective Group Company.

Appears in 1 contract

Samples: Share Purchase Agreement (Polar Star Realty Trust Inc.)

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Covenants of the Buyer. 10.1 Subject to approval of the Auditors, the Buyer undertakes to cause those Directors who retire in connection with this transaction to be granted discharge from liability for their administration until the Closing Date (or the earlier date of their retirement) at the next annual shareholders’ meeting of the respective Group Company.

Appears in 1 contract

Samples: Share Purchase Agreement (Polar Star Realty Trust Inc.)

Covenants of the Buyer. 10.1 Subject to approval of the Auditorsauditor of the Company, the Buyer undertakes to cause those Directors who retire in connection with this transaction to be granted discharge from liability for their administration until the Closing Date (or the earlier date of their retirementretire­ment) at the next annual shareholders’ meeting of the respective Group Company. For the avoidance of doubt, the grant of discharge in accordance with this Section will not in any way release the Seller from its Warranties, covenants and liabilities under this Agreement.

Appears in 1 contract

Samples: Share Transfer Agreement (Exfo Electro Optical Engineering Inc)

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Covenants of the Buyer. 10.1 11.2.1 Subject to approval of the Auditorsauditor of each Group Company, the Buyer undertakes to cause those Directors who retire in connection with this transaction to be granted discharge from liability for their administration until the Closing Date (or the earlier date of their retirement) at the next annual shareholders’ meeting of the respective such Group Company. For the avoidance of doubt, the grant of discharge in accordance with this Section 11.2.1 will not in any respect release the Seller from Seller’s Warranties, covenants and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale and Purchase Agreement (MDC Partners Inc)

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