Common use of Charter Provision Clause in Contracts

Charter Provision. TPC covenants to cause each of its present and future direct and indirect Subsidiaries to take any and all actions necessary to ensure continued compliance by TPC and its Subsidiaries with its charter provisions. TPC shall notify Citigroup in writing as soon as possible after becoming aware of any act or activity taken or proposed to be taken by TPC or any of its Subsidiaries which resulted or would result in non-compliance with its charter provisions and shall take or refrain from taking all such actions as Citigroup shall in its sole discretion determine necessary or desirable to prevent or remedy any such non-compliance.

Appears in 2 contracts

Sources: Intercompany Agreement (Travelers Property Casualty Corp), Intercompany Agreement (Travelers Property Casualty Corp)