Joint Covenant Sample Clauses

Joint Covenant. Following the execution of this Agreement and continuing following the Closing, Buyer and Seller shall, in good faith, negotiate a Software Development, License and Marketing Agreement, or other similar agreement or agreements, pursuant to which (i) Buyer, at its option, may retain Seller to perform certain software development and/or support services for a mutually agreed upon fee, (ii) Seller shall license from Buyer the Shared Software necessary for Seller to operate the IDXnet broker reciprocity product offering for a mutually agreed upon fee, (iii) Seller and Buyer shall establish a cross-marketing relationship for certain mutually agreed upon products, including Seller's IDXnet broker reciprocity product offering, and related commissions to be mutually agreed upon by the parties; and (iv) such other terms and conditions as the parties may mutually agree. Buyer and Seller expressly understand and agree that the execution of the above described agreement or agreements shall not be a condition to close the transactions contemplated by this Agreement.
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Joint Covenant a. Transferor and the Transferee together undertake that each of them shall abide by its respective obligations under the CA and shall be accountable for any breach of the same as per the terms of the CA.
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Joint Covenant. Each of Buyer, Parent, and Seller covenant and agree that it will use its best efforts to effect the transactions contemplated by this Agreement and to fulfill the conditions to their respective obligations hereunder. No party will take any action inconsistent with its obligations under this Agreement or that could hinder or delay the consummation of the transactions contemplated by this Agreement, except that nothing in this Section 9.1 shall limit the rights of the parties under Sections 10, 11 and 12.
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Joint Covenant. Cash Incentive Bonus Plan. The Purchaser hereby ----------------------------------------- agrees to cause LongView to pay to the employees of LongView, on or before February 29, 2000 and as a payment under LongView's Cash Incentive Bonus Plan for staff and management, an aggregate amount of at least $1,080,000, which amount represents the amount accrued on the books of LongView through September 30, 1999, an amount that is based solely on the number of days and salaries that persons currently employed by LongView have worked or will receive, as the case may be, in the current calendar year, and which amount is to be allocated among such employees in consultation with the President of LongView. The Seller agrees to reimburse LongView for $1,080,000 immediately upon written certification of LongView and the Purchaser to the Seller that the payments referred to in the preceding sentence have been made.
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Related to Joint Covenant

  • Joint Covenants Buyer and Seller hereby covenant and agree that between the date hereof and Closing:

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

  • Operating Covenants The Issuer covenants with the Indenture Trustee as follows, provided that any of the following covenants with respect to the Portfolio Railcars shall not be deemed to have been breached by virtue of any act or omission of a Lessee or sub-lessee, or of any Person which has possession of a Portfolio Railcar for the purpose of repairs, maintenance, modification or storage, or by virtue of any requisition, seizure, or confiscation of a Portfolio Railcar (other than seizure or confiscation arising from a breach by the Issuer of such covenant) (each, a “Third Party Event”), so long as (i) none of the Issuer, the Servicer or the Administrator has consented to such Third Party Event; and (ii) the Issuer (or the Servicer on its behalf) as the Lessor of such Portfolio Railcar promptly and diligently takes such commercially reasonable actions as a leading railcar operating lessor would reasonably take in respect of such Third Party Event, including, as deemed appropriate (taking into account, among other things, the laws of the jurisdiction in which such Portfolio Railcar is located or operated), seeking to compel such Lessee or other relevant Person to remedy such Third Party Event or seeking to repossess the relevant Portfolio Railcar:

  • Reporting Covenant So long as any Guaranteed Obligations shall remain unsatisfied or any Lender shall have any Commitment, each Guarantor agrees that it shall furnish to the Administrative Agent such information respecting the operations, properties, business or condition (financial or otherwise) of such Guarantor or its Subsidiaries as the Administrative Agent, at the request of any Guaranteed Party, may from time to time reasonably request.

  • Parent Covenants The Parent will:

  • Interim Operating Covenants Seller covenants to Purchaser that Seller will:

  • Independent Covenant 12 Section 10.06 Materiality............................................ 13

  • 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:

  • Specific Covenants The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.11 or 6.12 or Article VII; or

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