COVENANTS OF THE GRUESERS Sample Clauses

COVENANTS OF THE GRUESERS. The Gruesers shall sell or otherwise divest, in accordance with the terms of their respective franchise agreements with Seller, all of the Gruesers' right, title and interest in and to the two ROCKY MOUNTAIN CHOCOLATE FACTORY Stores owned by the Gruesers which are not part of the Exchanged Assets, no later than 18 months after the Closing Date, provided, however, that Gruesers may sell these two Stores to their children if they comply with the transfer provisions in the franchise agreements governing these Stores. All post-termination covenants, duties and obligations of the Gruesers set forth in the franchise agreements governing these two Stores shall apply to the Gruesers except to the extent enforcement thereof is waived by Seller in this Agreement and in addition, the noncompetition agreement among all of the Parties hereto shall apply to the Gruesers and all other Parties to this Agreement. So long as the Gruesers and Purchaser are in compliance with the terms of this Agreement and related agreements, Seller waives its rights to enforce the Xxxxxxx'x post-termination covenants in its franchise agreements with the Gruesers to the extent that the Gruesers will be allowed to own and operate the Company Owned Stores and the Franchised Stores and the Purchased Assets and do and perform all other acts contemplated in this Agreement.
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Related to COVENANTS OF THE GRUESERS

  • Covenants of the Guarantor The Guarantor covenants and agrees through the Termination Date, that:

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

  • Covenants of the Bank The Bank covenants and agrees with the Underwriters that:

  • COVENANTS OF THE STOCKHOLDER Section 1.01.

  • Covenants of the Holder The Holder hereby agrees and covenants that:

  • Covenants of the Fund The Fund covenants with the Underwriter as follows:

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

  • Covenants of the Company The Company covenants with each Underwriter as follows:

  • Covenants of the Borrower SECTION 5.01.

  • COVENANTS OF THE FUNDS 5.1 The Acquired Fund will operate the Acquired Fund's business in the ordinary course of business between the date hereof and the Closing Date. It is understood that such ordinary course of business will include the declaration and payment of customary dividends and other distributions and any other dividends and other distributions necessary or advisable (except to the extent dividends or other distributions that are not customary may be limited by representations made in connection with the issuance of the tax opinion described in Paragraph 8.5 hereof), in each case payable either in cash or in additional shares.

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