General Obligation of the Company Sample Clauses
General Obligation of the Company. This Agreement constitutes a general obligation of the Company and the full faith and credit of the Company is pledged to the payment of all amounts due hereunder.
General Obligation of the Company. The benefits provided under the Agreement constitute a mere promise by the Company to make payments in the future, and the rights of the Executive hereunder shall be those of a general unsecured creditor of the Company. Nothing contained herein shall be construed to create a trust of any kind or to render the Company a fiduciary with respect to the Executive. The Company shall not be required to maintain any fund or segregate any amount or in any other way currently fund the future payment of any benefit provided under the Agreement, and nothing contained herein shall be construed to give the Executive or any other person any right to any specific assets of the Company or of any other person. This Agreement is intended to be, and shall in all events be construed and treated as, a deferred compensation arrangement for a “select group of management and highly compensated employees,” within the meaning of Title I of ERISA.
General Obligation of the Company. The benefits provided under the Agreement constitute a mere promise by the Company to make payments in the future, and the rights of the Executive hereunder shall be those of a general unsecured creditor of the Company. Nothing contained herein shall be construed to create a trust of any kind or to render the Company a fiduciary with respect to the Executive. The Company shall not be required to maintain any fund or segregate any amount or in any other way currently fund the future payment of any benefit provided under the Agreement, and nothing contained herein shall be construed to give the Executive or any other person any right to any specific assets of the Company or of any other person. This Agreement shall replace in its entirety.
General Obligation of the Company. As an inducement to the Distributor to enter into this Agreement and to consummate the transactions contemplated hereby, Company hereby represents, warrants and covenants to Distributor as follows:
(a) Company shall provide, in reasonable quantities, sales and promotional material in English and/or camera-ready art for translation or reproduction.
(b) The Company shall be solely responsible for its expenses and those of its staff and agents.
(c) Company shall be responsible for all patent infringement claims from third parties in..