Groups Obligations Clause Samples
The 'Group’s Obligations' clause defines the specific duties and responsibilities that a group of parties, often related entities or affiliates, must fulfill under an agreement. This may include requirements such as providing information, maintaining certain standards, or performing particular actions as stipulated in the contract. For example, all companies within a corporate group might be required to comply with confidentiality provisions or ensure timely delivery of services. The core function of this clause is to clearly allocate responsibilities among group members, ensuring accountability and consistent performance across all relevant entities.
Groups Obligations. Subject to performance of the terms of the Agreement by the Contractor, XYZ Community Group will provide timely payment as outlined in Schedule 2. • Take into account seasonal conditions and other factors outside the Contractor’s control which may restrict ability to meet agreed project deadlines. • Provide the Contractor with reporting templates, any project signage and assist with reporting obligations, where required.
Groups Obligations. At the Closing, Group shall execute (as applicable) and deliver to the Shareholders, Sunbelt, LLC and Pride, as applicable, against execution (as applicable) and delivery by the Shareholders, as applicable, and Pride of the items specified in Section 12.2, the following:
12.3.1 a wire transfer or bank cashier's or certified check, as applicable, for the cash portion of the Pride Purchase Price and Sunbelt Purchase Price, as they may be adjusted, pursuant to Article III;
12.3.2 certificates representing the shares of Group Stock to be issued to LLC and Lubomirski in accordance with Sections 2.4 and 3.1.3 hereof;
12.3.3 the Convertible Notes;
12.3.4 the Employment Agreements;
12.3.5 the Consulting Agreements;
Groups Obligations. At the Closing, Group shall execute (as applicable) and deliver to the Casper Shareholders and Casper, as applicable, against execution (as applicable) and delivery by the Casper Shareholders, as applicable, and Casper of the items specified in Section 11.2, the following:
11.3.1 a wire transfer or bank cashier's or certified check, as applicable, for the cash portion of the Casper Purchase Price, as it may be adjusted, pursuant to Article III;
11.3.2 certificates representing the Group Stock to be issued to Wern▇▇ ▇▇▇ the ESOP as a portion of the Casper Purchase Price, as it may be adjusted, pursuant to Article III;
11.3.3 the Consulting Agreement;
Groups Obligations. At the Closing, Group shall execute (as applicable) and deliver to Seller, Target and Smit▇, ▇▇ applicable, against execution (as applicable) and delivery by Seller, Target and Smit▇, ▇▇ applicable, of the items specified in SECTION 11.2, the following:
11.3.1 evidence of Smit▇'▇ ▇▇▇ointment as President, Chief Operations Officer of Group, and as a director of Group;
11.3.2 certificates representing the Group Stock to be issued to Seller and Smit▇ ▇▇ a portion of the Target Purchase Price, as it may be adjusted, pursuant to ARTICLE III;
11.3.3 the Employment Agreement;
11.3.4 evidence of any necessary governmental or third party consents or approvals as required by SECTIONS 7.4 and 10.4;
11.3.5 the certificates required by SECTIONS 7.1, 7.2 and 7.3;
11.3.6 the legal opinion required by SECTION 7.6; and
11.3.7 such other instruments, documents and certificates in form and substance reasonably satisfactory to Target and Seller, as they shall have reasonably required.
Groups Obligations