Commitments of the Parties Clause Samples
The 'Commitments of the Parties' clause defines the specific obligations and responsibilities that each party agrees to fulfill under the contract. This section typically outlines actions such as delivering goods, providing services, making payments, or maintaining confidentiality, depending on the nature of the agreement. By clearly enumerating these commitments, the clause ensures that both parties understand their duties, thereby reducing the risk of misunderstandings and disputes during the contract's execution.
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Commitments of the Parties. Subject to the terms and conditions hereof, and for so long as this Agreement has not been terminated in accordance with the terms hereof, each of the Parties covenants and agrees that it and each of its affiliates shall:
(i) support consummation of the Restructuring, including the solicitation, confirmation and consummation of the Agreed Plan, as may be applicable, pursuant to the terms set forth in this Agreement;
(ii) support and not object, on any grounds, to the terms, conditions, nature or amount of the Capital Increase; and
(iii) to the extent applicable, not directly or indirectly (A) take any action that is inconsistent with this Agreement, or that would delay, obstruct or interfere with the proposal, solicitation, confirmation or consummation of the Agreed Plan or the Capital Increase or (B) solicit or direct any person, including, without limitation, any indenture trustee for the Existing Notes, to undertake any action inconsistent with or prohibited by this Agreement.
Commitments of the Parties. Subject to the terms and conditions herein, KMTP agrees to deliver or cause to be delivered to COPANO at the Delivery Point all of the Gas in the KMTP Line available for delivery at the Delivery Point. COPANO shall have the exclusive right and option to Process all such Gas in the Plant. Notwithstanding the foregoing, KMTP shall have the right to require COPANO to bypass the Plant with all or part of the Inlet Gas during any period in which the threat of hurricanes or freezing weather in the U. S. Gulf Coast area in imminent, present or recent, if, in KMTP's sole opinion, such Inlet Gas is needed to fulfill KMTP's contract obligations. During such period, COPANO's payment obligations under Article 4, KMTP's payment obligations under Article 5, and COPANO's performance obligations under Section 2.3 shall be deemed suspended and waived by both KMTP and COPANO.
Commitments of the Parties. The Parties jointly agree to:
Commitments of the Parties. 5.1 The Parties agree to perform the following technical or commercial commitments “Commitments”) in relation to the activities of the Joint Venture: [List each party’s commitments with respect to the joint venture activities.]
5.2 Performance of each Party’s Commitments shall be additional to any in-kind contributions required to be made under Article 3. Such Commitments shall be performed [free of charge OR on such terms as shall be approved by the Management Committee.]
5.3 Each Party shall use reasonable care and skill in performing its respective Commitments.
5.4 A Party’s failure to perform its Commitments shall be treated as a breach of its obligations under this Agreement.
Commitments of the Parties. (a) The Debtors agree that they shall:
(i) (A)(1) support and work diligently towards the completion of the Restructuring Transactions set forth in this Agreement, (2) negotiate in good faith all Definitive Documentation that is subject to negotiation as of the effective date of this Agreement and take any and all reasonable actions in furtherance of the Plan and this Agreement, (3) take all commercially reasonable actions necessary to complete the Restructuring Transactions set forth in the Plan, (4) make commercially reasonable efforts to obtain any and all required regulatory and third-party approvals necessary to consummate the Restructuring Transactions, if any, and (5) support and take such actions as are necessary or appropriate or reasonably requested by Plan Sponsor in furtherance of the Restructuring Transactions in accordance with, and within the time frames contemplated by, this Agreement; and (B) shall not undertake any action materially inconsistent with the adoption and implementation of the Plan and the confirmation thereof, including, without limitation, filing any motion to reject this Agreement.
(ii) afford Plan Sponsor and its respective attorneys, consultants, accountants, and other authorized representatives access, upon reasonable notice during normal business hours, and at other reasonable times, to the properties, books, contracts, commitments, records, management personnel, and advisors of the Debtors that are reasonably requested to consummate the Restructuring Transactions (but in no event, shall the Debtors be required to provide access to any materials that are protected by the attorney-client, work-product or other protective privilege). In addition, the Debtors shall promptly notify Plan Sponsor of any material developments with respect to the Debtors’ business, the Chapter 11 Cases, or otherwise.
(iii) as to themselves and their subsidiaries, after the date of entry into this Agreement and prior to the Plan Effective Date, and except as required by applicable law:
(A) Provide the Plan Sponsor with two (2) business days’ notice prior to entering into any proposed new contracts and agreements involving individual commitments of more than $25,000;
(B) Provide the Plan Sponsor with two (2) business days’ notice prior to entering into any agreement for the sale or encumbrance of any assets between the date of this Agreement and the Plan Effective Date in excess of $25,000 for any single transaction or $50,000 for any series of r...
Commitments of the Parties. 31. This Agreement recognises that the Parties have some roles and responsibilities that rest solely within a single jurisdiction, where agreement from the other jurisdictions is not required, some will be implemented following intergovernmental consultation, and others will be delivered in partnership.
32. The Parties recognise the foundation of institutional relationships and arrangements between governments and the agricultural sector is already well developed. This Agreement will build on these and strengthen arrangements with other industries, the environmental sector, and the broader community.
33. Each Party commits to:
a. adhering to and consistently applying the key biosecurity principles (above)
b. maintaining Australia’s biosecurity status, recognising its benefits and protections
c. a nationally consistent approach to system activities, measures and components
d. fulfilling, financially resourcing to maintain an effective biosecurity system and being accountable for their commitments under this Agreement and emergency response deeds and agreements
e. sharing responsibility for biosecurity with others as appropriate, including facilitating partnerships between governments, industries and the community f. sharing biosecurity information, data, intelligence and other knowledge necessary for the efficient functioning of the national biosecurity system with other Parties and, where appropriate, with industry and the community g. managing national priority pests and diseases (aquatic and terrestrial) under a Party’s responsibility
Commitments of the Parties. In accordance with the terms of its Accreditation, and within its defined Geographical Scope of Application, Ecomaison manages a collective system in compliance with the French Environmental Code.
2.1: Ecomaison's commitments
2.2: The Contracting Party's commitments
Commitments of the Parties. 5.1 The Parties shall contribute to research and development activities in accordance with annual agreements (common research/work plan), according to paragraph 6.3.
5.2 The Parties shall also contribute to Code evolution coordination and to code Phasing at agreed intervals.
5.3 The Parties shall provide the Co-ordination Group all the information enabling it to report their contributions to the ALADIN General Assembly and HIRLAM Council.
Commitments of the Parties. 9.1. This Framework Agreement shall be part of the Final Peace Agreement, which shall guide be by it and implemented according to it’s the provisions.
9.2. The Parties shall engage in all genuine efforts for peace and political transformation in Sudan including the Two Areas as part of a comprehensive process of political transition in Sudan.
9.3. Implementation, upholding and protection of the outcomes of Sudan’s transitional period, including peace agreements that will be reached and what will emerge from this process for creating a permanent constitution for Sudan.
9.4. Holding the National Constitutional Conference before the end of the transitional period, as provided for in the Constitutional Declaration.
Commitments of the Parties. 2.1 short company name" is responsible for ensuring that the recipient receive the funds within 30 days after signing the contract, and for delivering their logo to be used in the event marketing.