NPC Clause Samples
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NPC. Each Person duly appointed to and comprising the NPC represents and warrants that such Person has all requisite power and authority to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby. The execution, delivery, and performance of this Agreement and the consummation by such Person of the actions contemplated hereby will be, upon delivery, duly and validly executed and delivered by such Person and will constitute its legal, valid, and binding obligation.
NPC. By virtue of the purchase of the Property, the Purchaser shall be obliged to become, and remain for the duration of his ownership of the Property, a member of the Association within the meaning of and subject to the conditions set out in the Association's Memorandum and undertakes that he and all persons deriving use of the Estate or any part thereof through him shall, from the Date of Occupation, duly comply with all the obligations imposed upon members under the Association's Memorandum including the obligation to pay a monthly levy to the Association, the amount of which is to be determined, from time to time, by the directors of the Association as contemplated in the Memorandum. In no way detracting from the generality of the aforesaid, the Purchaser undertakes to sign the Association's Application and do whatever else may be required in order for the Purchaser to become a member of the Association. If there is any conflict between what is set out above and the final provisions of the Association’s Memorandum, the latter shall prevail and the Seller shall not incur any liability, of any nature whatsoever, in this regard.
NPC. All corporate action on the part of NPC, its officers, directors and stockholders necessary for the authorization, execution and delivery of this Agreement, the performance of all obligations of NPC hereunder and thereunder, and this Agreement constitute valid and legally binding obligations of NPC, enforceable in accordance with their respective terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors' rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies, and (iii) to the extent the indemnification provisions contained herein may be limited by applicable federal or state securities laws.
NPC. After the Closing Date, Parent, the Surviving Company and the Company Members shall use their collective best efforts to cause the Surviving Company to submit at least 250 new applications to NPC per month until such time as (i) Parent or Surviving Company purchases NPC’s interests in the NPC Merchants included in the Purchased Merchant Portfolio or (ii) Parent or Surviving Company determines not to purchase NPC’s interests in the NPC Merchants included in the Purchased Merchant Portfolio.
NPC. NPC is a corporation duly organized, validly existing and in good standing under the laws of the State of New York and has all requisite corporate power and authority to carry on its business as now conducted and as proposed to be conducted. NPC is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business or properties.
NPC. The Company will use its best efforts to secure for purchase by Parent NPC’s interests in the Merchants.
NPC. The development of deployable 3D Non-Player Characters within the Roblox Metaverse. (Price: USD 1M)