Purchaser’s Covenants Sample Clauses
The Purchaser’s Covenants clause sets out the specific promises and obligations that the buyer agrees to fulfill as part of a transaction. These covenants may include commitments such as obtaining necessary approvals, providing required information, or refraining from certain actions that could affect the deal. By clearly outlining the purchaser’s responsibilities, this clause ensures that both parties understand what is expected from the buyer, thereby reducing the risk of misunderstandings or breaches during the course of the agreement.
POPULAR SAMPLE Copied 1 times
Purchaser’s Covenants. The Purchaser covenants and agrees with the Developer:
a) to comply with all the by-laws, restrictions and requirements of the Municipality in respect of the Purchaser's construction and other activities on the Lot, including those set forth in the Development Agreement;
b) that the Developer shall be at any time entitled to enter upon the Lot to perform any work required by the Municipality;
c) that the Developer will plug the sewer service when the lot line services are installed. The Purchaser agrees that the plug shall not be removed to connect the dwelling, until the foundation excavation has been backfilled and the roof of the dwelling has been sheathed and shall indemnify the Developer and the Municipality against all actions, claims, demands, damages, loss and costs, including legal and court costs suffered or incurred by the Developer or the Municipality arising out of any failure by Purchaser to do so;
d) that the Purchaser shall install at its own expense all sewer connections to the dwelling to be erected on the said Lot, all in accordance with the requirements of the Municipality and subject to any warranties imposed under a Development Agreement relating to the Lot, and to secure from the Municipality all necessary permits in connection therewith;
e) to trench and backfill from the property line of the Lot to service connections to the dwelling for utilities at the Purchaser's expense and to pay all charges with respect to the above services and equipment;
f) to grade and sod all adjacent front and side boulevard areas abutting the Lot, together with any drainage or swale easements located on the Lot, all within two years following issuance of a building permit for the Lot;
g) to install driveway and driveway approach in either concrete or paving stone, or paved alternate approved by the Municipality, from the Road to the dwelling in accordance with applicable standards required by the Municipality including making any required adjustments to the manholes and or curbs, within 18 months following issuance of a building permit for the Lot;
h) to keep any road allowance, utility easement or other nearby public and private lands clear of all excess fill, aggregates or topsoil or any other construction debris;
i) to ensure that excavation will not occur, nor will excavation dirt be stored within two (2) metres in perpendicular width of any area of Lots subject to electrical, gas or telephone utility easements, or any property line where a fence is...
Purchaser’s Covenants. The Purchaser will have performed and complied with all covenants, agreements and conditions as required by this Agreement.
Purchaser’s Covenants. Purchaser shall have performed in all material respects all covenants and obligations required to be performed by Purchaser on or before the Closing Date.
Purchaser’s Covenants. The Purchaser covenants and agrees with the Company that:
a. No later than three business days following the execution of this Agreement, the Purchaser shall cause to be delivered to the Company an opinion of counsel for Purchaser dated as of the date of this Agreement in form and substance reasonably satisfactory to the Company as to the matters set forth in Section 4a, c, e and f.
b. The Purchaser agrees to take such actions and execute and deliver to the Company such documents and instruments as may be necessary to fully consummate the transactions and agreements of the Purchaser as contemplated by this Agreement.
c. During the period commencing with the execution of this Agreement and terminating on the payment in full of the exercise price as contemplated in Section 1 (the "Option Term"), the Purchaser agrees not to enter into any agreement for the sale or disposition of all or substantially all of the Purchaser's assets (in one or more transactions), or a merger, consolidation or other business combination involving all or substantially all of the Purchaser's assets, unless the Purchaser provide the Company with the express, written agreement by the Purchaser or other successor(s) to assume the Purchaser's obligations and covenants hereunder and, after giving effect to any such sale, disposition, merger, consolidation or other business combination, the Purchaser or other successor(s) shall meet the requirements of Section 4 hereof.
Purchaser’s Covenants. THE PURCHASERS DO AND EACH OF THEM DOTH HEREBY COVENANT WITH THE VENDORS AND THE BUILDER as follows:
Purchaser’s Covenants. Purchaser covenants and agrees as follows:
Purchaser’s Covenants. The Purchaser agrees with the Vendor as follows: ACCEPTANCE OF PLAN OF SUBDIVISION:
(a) To forthwith upon request do all acts and execute and deliver all documents, both before and after closing, as may be required by the Vendor or the relevant municipality (the "Municipality") in connection with and the acceptance of the plan of subdivision wherein the Property is situate as a whole by the Municipality.
(b) The Purchaser will not before closing, mortgage, sell, deal with or in any way encumber the Property, directly or indirectly, that he will not permit any lien, execution or conditional sales agreement to be registered or filed and that he will not obstruct or alter the premises.
Purchaser’s Covenants. Purchaser agrees that between the date hereof and the Closing:
Purchaser’s Covenants. The Purchaser covenants and agrees:
Purchaser’s Covenants. (a) With respect to each Purchased Loan acquired by CCLF Sub, the Purchaser shall provide or cause its affiliates to provide to Cliffwater no less frequently than quarterly and at the Purchaser’s expense (i) any marks and discount rates obtained by the Purchaser in connection with the valuation of such Purchased Loan and (ii) any reports of a third party valuation firm with respect to any Purchased Loan prepared on behalf of Purchaser or its affiliates; provided that, the Purchaser shall not be required to disclose to Cliffwater or CCLF Sub any information to the extent such disclosure would violate any agreement or confidentiality obligation and, without limiting the foregoing, Cliffwater and CCLF Sub agree that the receipt of such information is conditioned on Cliffwater and CCLF Sub receiving the consent of such valuation firm (including by entering into a non-reliance letter acceptable to such valuation firm).
(b) Upon the written request (including, without limitation, by email) of Cliffwater, the Purchaser shall provide to Cliffwater preliminary information regarding the aggregate amount of its called and uncalled subscriptions and its asset holdings (including, without limitation, any tranche information) no later than five business days after the end of each calendar month in which such request is made.
(c) The Purchaser shall provide to Cliffwater notice of the existence of any known material events of default (which has resulted in the applicable counterparty becoming capable of exercising remedies thereunder, whether or not such remedy is actually exercised) under its debt facilities that are known to the Purchaser and that have not previously been disclosed by the Purchaser to Cliffwater within five business days of the end of each calendar month.
(d) The Purchaser hereby covenants and agrees that this Agreement and its obligations hereunder do not and will not conflict with, or result in a breach of, any agreement that it is a party to in any material respect and that at all times it will be able to consummate each Forward Purchase and purchase, receive and accept each Purchased Loan and each Available Unfunded Commitment from CCLF Sub.
(e) The Purchaser shall promptly (and in any event within five (5) business days of its receipt thereof) deliver to Cliffwater any and all material amendments relating to the Purchased Loans.