Purchaser Covenant re Sample Clauses

Purchaser Covenant re. Letters of Credit Outstanding under the Credit Agreement. With respect to the letters of credit outstanding under the Credit Agreement and which were issued for the benefit of the Target Entities or in connection with the TMEP as disclosed in the Data Room, Purchaser shall use commercially reasonable efforts to cause the replacement of such letters of credit with new letters of credit in favour of the existing beneficiaries therefor at Closing (which, for certainty, shall include the return for cancellation of such outstanding letters of credit), failing which: (a) the Purchaser shall, at Closing, deliver to Vendor a letter of credit from a reputable financial bank or institution in form and substance satisfactory to Vendor, acting reasonably, pursuant to which funds for the aggregate face amount of all such letters of credit will be available to Vendor for any amount which are drawn or otherwise claimed under such letters of credit after the Closing Date, and (b) from and after Closing, Purchaser and the Target Entities shall be liable for, shall promptly reimburse, and as a separate and independent covenant shall indemnify, and hold harmless Vendor for any and all other Losses which are suffered, sustained, paid or incurred by Vendor in respect of or in relation to such letters of credit.
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Related to Purchaser Covenant re

  • Purchaser Covenants Purchaser shall have performed and complied in all material respects with all agreements and covenants required to be performed and complied with by Purchaser under this Agreement at or prior to the Closing Date; and

  • Seller Covenants Seller covenants and agrees as follows:

  • Buyer Covenants Buyer covenants and agrees with Seller as follows:

  • BORROWER COVENANTS Borrower covenants and agrees that:

  • Interim Covenants During the period from the date of this Agreement and continuing until the Closing, the Seller and the Stockholders each agree (except as expressly contemplated by this Agreement or to the extent that Buyer shall otherwise consents in writing) that:

  • Ship Covenants The undertakings in this Clause 21 remain in force throughout the Security Period.

  • Other Covenants (Section 5.1): Borrower shall at all times comply with all of the following additional covenants:

  • Post-Closing Covenant The Borrower agrees that it will, or will cause its relevant Subsidiaries to, complete each of the actions described on Schedule 9.14 as soon as commercially reasonable and by no later than the date set forth in Schedule 9.14 with respect to such action or such later date as the Administrative Agent may reasonably agree.

  • Post-Closing Covenants The Parties agree as follows with respect to the period following the Closing.

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