Obligation of Buyer Sample Clauses
The 'Obligation of Buyer' clause defines the specific duties and responsibilities that the buyer must fulfill under the contract. Typically, this includes requirements such as making timely payments, providing necessary information or documentation, and accepting delivery of goods or services as agreed. By clearly outlining what is expected from the buyer, this clause ensures both parties understand their roles, thereby reducing the risk of disputes and facilitating smooth contract performance.
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Obligation of Buyer. It is the obligation of the Buyer to report to the appropriate County Farm Service Agency office and provide the recorded Court Officer’s Deed in order to receive the following, if applicable: (A) Allotted base acres; (B) Any future government programs; and/or (C) Final tillable acres to be determined by the Farm Service Agency office, as Farm Service Agency field lines may overlap Tract lines.
Obligation of Buyer. Subject to the other provisions of this Section 7.2, ▇▇▇▇▇ shall indemnify and defend each Seller and their respective successors, assigns, equity holders, partners, directors, officers, agents, Affiliates and representatives (collectively, the “Seller Indemnitees”), and hold the Seller Indemnitees harmless from against and in respect of any all losses arising from:
(a) any inaccuracy or breach of any representation or warranty in Article 4 of this Agreement, without giving effect to any qualifications as to materiality or similar qualifications contained in such representations and warranties for purposes of determining whether such breach occurred or the amount of Losses resulting from such breach; and
(b) any breach or nonperformance of any of the covenants or agreements made by Buyer (for the avoidance of doubt, after the Closing, including the Companies) in this Agreement.
Obligation of Buyer. In addition to payment of the purchase price set forth above, and completion of all obligations under this Agreement, the Buyer shall produce satisfactory evidence that all insurance required by this Agreement is in full force and effect. In the event that Buyer fails to submit the purchase price or fails to provide proof of insurance five (5) calendar days prior to the payment of the purchase price, this Agreement shall terminate, the District shall be entitled to resell the Building or make any other disposition of the Building and their contents in the District’s sole discretion. Disconnection and relocation of all utilities to the property shall be the responsibility of Buyer. Buyer shall complete all obligations under this Agreement by Friday, February 25, 2022, including, but not limited to, (1) removal of the Building on the real property, and (2) the real property shall be left in a clean and safe condition.
Obligation of Buyer. The Buyer shall subsequent to Closing use its Reasonable Commercial Efforts (as defined below) to bring the Product to market in the EU through a program for commercialization of the Products in the EU. Reasonable Commercial Efforts shall mean efforts and resources commercially and commonly used in the research-based biotechnology / pharmaceutical industry for a product at a similar stage in its product life having similar market potential, taking into account efficacy, the competitiveness of alternative products in the marketplace, patent and other proprietary positions of products, the profitability of the Product and alternative products and other relevant factors and it is anticipated that the level of effort will change over time reflecting changes in the status of the Product. The Buyer furthermore undertakes to transfer this obligation of any third party purchaser of the Company and/or the Product.
Obligation of Buyer. Subject to the limitations set forth in ------------------- Section 8(c) of this Agreement, Buyer hereby indemnifies and holds harmless Seller from and against any and all Damages which Seller may suffer or incur, resulting from, relating to, or arising out of (i) any misrepresentation, breach of warranty, breach of guarantee or nonfulfillment of any of the covenants of Buyer in this Agreement; (ii) any liabilities or obligations arising from or relating to the performance of medical transcription services to the Target Clients after Closing and (ii) any and all Actions arising out of the foregoing;
Obligation of Buyer. Whenever this Agreement requires Merger Sub to take any action, such requirement shall be deemed to include an undertaking on the part of the Buyer to cause Merger Sub to take such action and a guarantee of the payment and performance thereof.
Obligation of Buyer. Buyer shall indemnify Seller against any net reduction in the value of the Property, or net increase in the costs paid by Seller, resulting from the conditions imposed against the Property pursuant to the Approvals if (i) the Approvals reduce the value of the Property and (ii) for any reason other than default by Seller, Buyer does not exercise the Option and purchase the Property.
Obligation of Buyer. The Buyer hereby agrees to indemnify the Seller and its Affiliates (including the shareholders, members, directors, officers and employees thereof), and hold each of the Seller and such Affiliates harmless, from, against and in respect of any and all Losses arising from or related to any of the following: (i) any material breach or nonperformance of any of the representations, warranties, covenants or agreements made by the Buyer in or pursuant to this Agreement, except to the extent caused by the Seller’s negligence, (ii) the Acquired Assets or (iii) failure to pay, perform or discharge when due any of the Assumed Liabilities; or (iv) any claims against the Seller or its Affiliates arising from the financing of the Purchase Price by the Buyer from third parties.
Obligation of Buyer. The Buyer hereby agrees to indemnify the Sellers and their respective Affiliates and each of their respective officers, directors, stockholders, managers, members, partners, employees, agents, representatives, successors and assigns (collectively, the “Seller Indemnified Parties,” and together with the Buyer Indemnified Parties, the “Indemnified Parties”) and hold each of them harmless from and against any Losses which any of them may suffer, sustain or become subject to, as a result of, arising out of, relating to or in connection with:
(i) subject to the limitations in this Article VI, the breach or inaccuracy of any representation or warranty by the Buyer contained in this Agreement or any Transaction Document (or in any certificate delivered pursuant hereto by or on behalf of the Buyer to the Sellers with respect thereto); and
(ii) the breach, non-compliance or non-performance of any covenant, agreement or obligation of the Buyer contained in this Agreement or any Transaction Document.
Obligation of Buyer. Buyer hereby agrees to indemnify Seller and its Affiliates, and hold each of Seller and such Affiliates, harmless, from, against and in respect of any and all Losses arising from any of the following:
(a) any breach of any of the representations and warranties made by Buyer in or pursuant to Article 3 of this Agreement;
(b) the nonperformance of any covenants or agreements made by Buyer under this Agreement;
(c) the Business, to the extent that extraordinary losses occur related to the conduct of the Business by Parent or Buyer in the thirty (30)days after the Closing Date.