Purchaser’s General Obligations Sample Clauses
The "Purchaser’s General Obligations" clause defines the fundamental responsibilities that the buyer must fulfill under the contract. Typically, this includes requirements such as making timely payments, providing necessary information or access, and cooperating with the seller to facilitate the transaction. By clearly outlining these duties, the clause ensures that both parties understand the purchaser’s role, thereby reducing the risk of misunderstandings or disputes during the performance of the agreement.
Purchaser’s General Obligations. Each Purchaser hereby covenants and agrees that, prior to Closing, only those employees, directors, agents, representatives or advisors of Purchasers who have been identified in writing to Geor▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇I, Pete▇ ▇▇▇▇▇▇ ▇▇▇ Hans ▇. ▇▇▇ndorff shall communicate with any employees, agents, representatives, advisors, suppliers, customers or prospects of the Vendors regarding the transactions contemplated by this Agreement or visit any of the Real Properties.
Purchaser’s General Obligations. (a) The Purchaser undertakes to the Vendor that until the earlier of the Final Date and the transfer of all the Deferred Assets pursuant to this Agreement the Purchaser shall not undertake any trading or business activities other than the acquisition, ownership, financing (including related activities such as hedging) and disposal of the Initial Transfer Assets or the Deferred Assets and other activities required by the Transaction Documents, as well as any and all activities related to such acquisition, ownership, financing and disposal of the Initial Transfer Assets or the Deferred Assets.
(b) Except as expressly permitted by this Agreement, the Purchaser shall not engage in any activity which would materially impair the Purchaser’s ability to borrow funds under the Stapled Financing Agreement, including, without limitation, any activity reasonably likely to violate standard and customary covenants for a special purpose entity acting as borrower in non-recourse asset acquisition loan facilities; provided that, upon entering into the Stapled Financing Agreement, the Purchaser shall provide to the Vendor a copy of the actual special purpose covenants contained therein, following which the Purchaser’s covenants in this sub-clause (b) shall be defined by such actual covenants. Vendor shall not cause the Company to, or direct a Group Undertaking to, violate any special purpose covenant of which the Vendor has actual knowledge during the period from Initial Transfer to Completion.
Purchaser’s General Obligations. 4.1 The Purchaser shall provide on time, any approval, instruction, material, access to site or other thing which may be required in relation to the performance of the Contractor’s obligations, and which is not expressly stated to be the Contractor’s responsibility.
4.2 Any Authorisation required by any authority in the country of installation or commissioning to allow the Contractor to perform its obligations under this Contract shall be obtained by the Purchaser prior to the delivery or Goods or provision of Services and at no cost for the Contractor.
Purchaser’s General Obligations. If at any time after Completion the Purchaser receives any monies representing Debtors, then the Purchaser shall pay to the Vendor as soon as reasonably practicable the amount so received less any Taxation which would not have arisen but for the receipt of such monies.
Purchaser’s General Obligations. The Purchaser hereby covenants and agrees that, prior to Completion no member of the Purchasers' Group (or any employee, director, agent, representative or adviser thereof) other than those persons who have been identified in writing (the APPROVED PERSONS) to M. J. ▇▇▇▇▇▇, ▇. D. Tayl▇▇ ▇▇ P.J.L. Zink▇▇ (▇▇e NOTIFIED PERSONS) shall approach or communicate with any employee, agent, representative, adviser, supplier or customer of the Vendor regarding the Operations or visit any of the Properties and no Approved Person shall take any such action if notified by the Notified Persons of their reasonable objections thereto.