Performance of Obligations of Parent and Sub Clause Samples
The "Performance of Obligations of Parent and Sub" clause establishes that both the parent company and its subsidiary are responsible for fulfilling their respective duties under the agreement. In practice, this means that if either the parent or the subsidiary is required to perform a task, deliver a product, or meet a deadline, both entities are legally bound to ensure these obligations are met. This clause is essential for clarifying accountability and preventing either party from avoiding responsibility by shifting blame between the parent and subsidiary, thereby ensuring that contractual commitments are reliably honored.
Performance of Obligations of Parent and Sub. Parent and Sub shall have performed in all material respects all obligations required to be performed by them under this Agreement at or prior to the Closing Date, and the Company shall have received a certificate signed on behalf of Parent by an executive officer of Parent to such effect.
Performance of Obligations of Parent and Sub. Each of Parent and Sub shall have performed in all material respects the covenants and obligations required to be performed by it under this Agreement at or prior to the Closing.
Performance of Obligations of Parent and Sub. Parent and Sub --------------------------------------------- shall have performed in all material respects all obligations required to be performed by them under this Agreement at or prior to the Closing Date, and the Company shall have received a certificate signed on behalf of Parent by an executive officer of Parent to such effect.
Performance of Obligations of Parent and Sub. Parent and Sub shall have performed in all material respects all obligations required to be performed by them under this Agreement at or prior to the Closing Date.
Performance of Obligations of Parent and Sub. Each of Parent and Sub shall have in all material respects performed all material obligations required to be performed by it under this Agreement on or prior to the Closing Date, except, with respect to the covenants and agreements contained in Sections 5.01, 5.02, 5.03, 5.04, 5.05, 5.06 and 5.07, where the failure of the Parent or Sub to have performed would not have a Material Adverse Effect..
Performance of Obligations of Parent and Sub. Guarantor, Parent and Sub shall have performed in all material respects all obligations required to be performed by them under this Agreement at or prior to the Closing Date, and the Company shall have received a certificate signed on behalf of Guarantor and Parent by a senior officer of each of Guarantor and Parent to such effect.
Performance of Obligations of Parent and Sub. Each of Parent and -------------------------------------------- Sub (i) shall have performed or complied with all agreements and covenants required to be performed by it under this Agreement at or prior to the Closing Date that are qualified as to Material Adverse Effect and (ii) shall have performed or complied in all material respects with all agreements and covenants required to be performed by 51 it under this Agreement at or prior to the Closing Date that are not qualified as to Material Adverse Effect except where such non-performance or non-compliance individually or in the aggregate would not reasonably be expected to have a Material Adverse Effect on Parent, and the Company shall have received a certificate signed on behalf of Parent by an executive officer of Parent to such effect.
Performance of Obligations of Parent and Sub. Parent and Sub shall have performed the obligations required to be performed by them under this Agreement at or prior to the Closing Date (except for such failures to perform as have not had or could not reasonably be expected, either individually or in the aggregate, to have a material adverse effect with respect to Parent or adversely affect the ability of Parent to consummate the transactions herein contemplated or perform its obligations hereunder), and the Company shall have received a certificate signed on behalf of Parent by the President or Chief Executive Officer of Parent to such effect.
Performance of Obligations of Parent and Sub. Each of Parent -------------------------------------------- and Sub shall have performed and complied in all material respects with all obligations required to be performed or complied with by each of them under this Agreement on or prior to the Closing Date, and MLP and the GP Entities shall have received a certificate of an officer of Parent and Sub to such effect.
Performance of Obligations of Parent and Sub. Parent and Sub -------------------------------------------- shall have performed in all material respects all obligations required to be performed by them under this Agreement at or prior to the Closing Date.