Additional Promises Sample Clauses
The "Additional Promises" clause sets out specific commitments or obligations that one or both parties agree to undertake beyond the main terms of the contract. These promises can include actions such as providing certain information, maintaining insurance, or refraining from particular activities during the contract period. By clearly outlining these extra undertakings, the clause helps ensure that all parties are aware of and bound by supplementary responsibilities, thereby reducing the risk of misunderstandings or disputes over what is expected.
Additional Promises. I agree to the following restrictions, but understand that these restrictions will be modified by my parents as I get more driving experience and demonstrate that I am a responsible driver.
Additional Promises. Employee represents and agrees that he: (1) has thoroughly considered all aspects of this Agreement; (2) has carefully read and fully understands all of the provisions of this Agreement; (3) has been advised to consult an attorney of his choice before signing the Agreement; and (4) is voluntarily entering into this Agreement. Employee further understands that the Company is relying on this and all other representations he has made in this Agreement.
Additional Promises. Dealership and, only where expressly applicable, Vroom promise and covenant to comply with the following:
1. The Dealership will provide each of the Ally Parties with accurate and complete information, data, books, records, documentation, and the like, concerning:
(a) All material financial and business matters of Dealership, upon request by either or both of the Ally Parties; and
(b) All material changes concerning the Dealership’s name, address, tax status, entity, structure, capitalization, indebtedness, solvency, and ownership, promptly following any change.
2. The Dealership and Vroom will provide each of the Ally Parties with:
(a) Copies of Vroom’s monthly financial statements as soon as reasonably practicable after their preparation, but, in any event, within forty (40) days of the end of each calendar month;
(b) Copies of Vroom’s quarterly financial statements within fifteen (15) days of completion of such statements, but not later than forty-five (45) days of the quarter end;
(c) Copies of Vroom’s annual audited financial statements within fifteen (15) days of completion of such statements, but not later than May 1 of each year;
(d) Copies of the Dealership’s bank account statements, with accompanying reconciliations, to be provided quarterly within the month immediately following the end of each calendar quarter (e.g., March 2020 bank statements and reconciliations must be received by the Ally Parties on or before April 30, 2020); and
(e) A monthly certification of compliance with the Financial Covenants described below, at the same time each monthly financial statement is to be provided to the Ally Parties.
3. The Dealership and Vroom will comply with the following financial covenants, tested monthly (as of month-end) based on the Dealership’s monthly financial statements:
Additional Promises. Dealership and Guarantor promise and covenant to comply with the following:
1. Dealership and Guarantor will provide each of the Ally Parties with accurate and complete information, data, books, records, documentation, and the like, concerning:
(a) all material financial and business matters of Dealership or Guarantor, upon request by either or both of the Ally Parties; and
(b) any of the following proposed or actual changes: the Dealership's or Guarantor's name, address, tax status, entity structure, solvency and any change in ownership of Dealership.
2. Dealership and Guarantor will provide the Ally Parties with:
(a) Copies of Guarantor's monthly consolidated financial statements as soon as reasonably practicable after their preparation, but. in any event, within 30 days of the end of each calendar month;
(b) Copies of Guarantor's consolidated quarterly financial statements as soon as reasonably practicable after their preparation, but not later than 60 days of the end of each calendar quarter;
(c) Copies of Guarantor's annual audited consolidated financial statements as soon as reasonably practicable after their preparation, but not later than April 30 of the following year;
(d) Copies of the Dealership's bank account statements, with accompanying reconciliations, to be provided upon request by the Ally Parties;
(e) Daily (on business days) inventory worksheets and flooring/payoff request worksheets, as applicable; and
(f) Access (read only) to Dealership's Inventory Management System.
3. Dealership and Guarantor will arrange for each of the Ally Parties to obtain and maintain a continuing, absolute and unlimited guaranty of payment of all amounts owed under or in connection with this Agreement, on terms and conditions that are acceptable to the Ally Parties, from Guarantor, Shift Platform, Inc., Shift Transportation LLC, Shift Finance LLC, and Shift Insurance Services LLC.
4. Dealership and Guarantor will arrange for the execution and delivery of any documents reasonably requested by the Ally Parties to ensure that the Ally Parties hold a priority security interest in the personal property of Guarantor, Shift Platform, Inc., Shift Transportation LLC, Shift Finance LLC, and Shift Insurance Services LLC to secure all Obligations.
5. Dealership and Guarantor will arrange for the execution and delivery of one or more Cross Collateral, Cross Default, and Guaranty Agreements, acceptable to the Ally Parties in their sole discretion, for all indebtedness and a...
Additional Promises. In addition to the promises contained above, ▇▇. ▇▇▇▇▇▇▇ further agrees as follows in exchange for the consideration described above:
a. Except as required by law or lawful process, ▇▇. ▇▇▇▇▇▇▇ agrees to take no action or make any public comment, whether personally or through electronic means, that would in any way be critical, derogatory or disparaging of Ener1 and the Releasees, including, without limitation, with respect to their management, employees, or business interests;
b. ▇▇. ▇▇▇▇▇▇▇ hereby represents that on the Termination Date he will return to Ener1 all Ener1 property, including non-public proprietary, confidential and trade secret information and his Ener1 mobile phone and computer;
Additional Promises. Agreement Not to File Actions: I agree not to file, join in, or prosecute further any lawsuits against Verisign and the other Released Parties concerning any matter in any way arising out of or relating in any way to any matter, act, occurrence, omission, practice, conduct, policy, event, or transaction on or before the date of this Agreement. By signing this Agreement, I agree not to ▇▇▇ Verisign and/or any of the other Released Parties for anything arising up through the Effective Date of this Agreement. I further represent that as of the date that I sign this Agreement, I have no pending grievances, claims, complaints, administrative charges, or lawsuits against Verisign or any of the Released Parties in or with any administrative, state, federal, or governmental entity, agency, board, or court or before any other tribunal or panel of arbitrators, public or private, based upon any actions or omissions by the Released Parties occurring prior to my execution of this Agreement.
Additional Promises. The parties agree that no promise or inducement has been offered except as herein set forth. This agreement is executed without reliance upon any statement or representation by the person or parties released. The parties voluntarily enter into this agreement.
Additional Promises