Common use of Default; enforcement; non-waiver Clause in Contracts

Default; enforcement; non-waiver. 14.2.1 If and whenever a default occurs for any reason whatsoever in the performance of any of the Guaranteed Obligations, the Purchaser Parent or the Seller Parent, as the case may be, shall forthwith upon demand unconditionally perform (or procure performance of) and satisfy (or procure the satisfaction of) the Guaranteed Obligations in regard to which such default has been made in the manner prescribed by this Agreement and so that the same benefits shall be conferred on the Seller respectively the Purchaser as it would have received if the Guaranteed Obligations had been duly performed and satisfied by the Purchaser respectively the Seller.

Appears in 3 contracts

Samples: Topic    Detail (NXP Semiconductors N.V.), Confidential Treatment (Dover Corp), Confidential Treatment (NXP Semiconductors N.V.)

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Default; enforcement; non-waiver. 14.2.1 16.2.1 If and whenever a default occurs for any reason whatsoever in the performance of any of the Guaranteed Purchaser Obligations, the Purchaser Parent or the Seller Parent, as the case may be, shall forthwith upon demand unconditionally perform (or procure performance of) and satisfy (or procure the satisfaction of) the Guaranteed Purchaser Obligations in regard to which such default has been made in the manner prescribed by this Agreement and so that the same benefits shall be conferred on the Seller respectively the Purchaser as it would have received if the Guaranteed Purchaser Obligations had been duly performed and satisfied by the Purchaser respectively the SellerPurchaser.

Appears in 2 contracts

Samples: Agreement (Tekelec), content.edgar-online.com

Default; enforcement; non-waiver. 14.2.1 13.2.1 If and whenever a default occurs for any reason whatsoever in the performance of any of the Guaranteed Obligations, the Purchaser Parent or the Seller Parent, as the case may be, shall forthwith upon demand unconditionally perform (or procure performance of) and satisfy (or procure the satisfaction of) the Guaranteed Obligations in regard to which such default has been made in the manner prescribed by this Agreement and so that the same benefits shall be conferred on Seller and the relevant Share Seller respectively and/or Business Seller, as the Purchaser case may be, as it they would have received if the Guaranteed Obligations had been duly performed and satisfied by Purchaser and the relevant Share Purchaser respectively and/or Business Purchaser, as the Sellercase may be.

Appears in 1 contract

Samples: International Share and Business Sale (Albemarle Corp)

Default; enforcement; non-waiver. 14.2.1 If 15.3.1 Subject to Clause 15.2, if and whenever a default occurs for any reason whatsoever in the performance of any of the Guaranteed Obligations, the Purchaser Parent or Seller Shareholders and the Seller Parent, as the case may be, Individual Shareholders shall forthwith upon demand unconditionally perform (or procure performance of) and satisfy (or procure the satisfaction of) the Guaranteed Obligations in regard to which such default has been made in the manner prescribed by this Agreement and so that the same benefits shall be conferred on the Seller respectively the Purchaser as it would have received if the Guaranteed Obligations had been duly performed and satisfied by the Purchaser respectively the Seller.

Appears in 1 contract

Samples: Agreement (Tekelec)

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Default; enforcement; non-waiver. 14.2.1 If and whenever a default occurs for any reason whatsoever in the performance of any of the Guaranteed Obligations, the Purchaser Parent or the Seller Parent, as the case may be, shall forthwith upon demand unconditionally perform (or procure performance of) and satisfy (or procure the satisfaction of) the Guaranteed Obligations in regard to which such default has been made in the manner prescribed by this Agreement and so that the same benefits shall be conferred on the Seller respectively and the Purchaser Share Seller and/or the relevant Business Seller, as it the case may be, as they would have received if the Guaranteed Obligations had been duly performed and satisfied by the Purchaser respectively and the SellerShare Purchaser and/or the relevant Business Purchaser, as the case may be.

Appears in 1 contract

Samples: Share and Business Sale Agreement (DSP Group Inc /De/)

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