Covenants and Obligations of the Parties Clause Samples

The "Covenants and Obligations of the Parties" clause defines the specific promises, duties, and responsibilities that each party agrees to fulfill under the contract. This section typically outlines ongoing requirements such as providing certain services, maintaining confidentiality, making payments, or adhering to regulatory standards. By clearly delineating what each party must do or refrain from doing, this clause ensures mutual understanding and accountability, thereby reducing the risk of disputes and promoting smooth contract performance.
Covenants and Obligations of the Parties. The Parties covenant as follows:
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Covenants and Obligations of the Parties. 6.1 Covenants and obligations of Party A: (a) After the Agreement has been signed, Party A shall immediately prepare the required documents to apply for the New Exploration Licenses and its transfer. (b) Party A shall bear all costs relating to the application and transfer of the New Exploration Licenses. Party A shall provide Party B with true copies of all documents submitted to the Republic of Guinea authorities in relation to such application and transfer. (c) Party A shall be responsible for all liabilities and debts in respect of the Exploration Licenses and/or the New Exploration Licenses or its related work which accrued on or prior to the transfer of the New Exploration Licenses to Party B, including but not limited to environmental pollutions, land and forest rentals, related taxes, and management and construction fees. (d) Party A shall comply with all applicable laws in connection with the performance of each and all of the obligations under this Agreement. (e) Party A shall provide to Party B periodic reports concerning the status of its efforts in prosecuting any applications for rights and licenses and/or securing approvals from applicable governmental authorities with respect to the licenses, rights and transactions contemplated hereby. (f) Party A shall transfer the Exploration Licenses and the previous mineral data to Party B in accordance with the provisions of this Agreement.
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Covenants and Obligations of the Parties. 雙方的約定和義務： 5.1. Covenants and Obligations of the Company: 公司的約定和義務： (i) The Company agrees to cooperate with the Consultant and to furnish, or cause to be furnished, to the Consultant, any and all information and data concerning the Company the Consultant reasonably deems appropriate. 公司同意與顧問團隊合作，幷提供任何和全部顧問團隊認為需要的文檔及資料。 (ii) The Company will provide the Consultant, upon reasonable prior written notice, reasonable access during normal business hours to the Company’s assets, properties, books, contracts, commitment details and records, and to the Company’s officers, directors, employees, appraisers, independent accountants, legal counsel and other consultants and advisors. The Company represents and warrants that the documents and information provided to the Consultant are true, complete and accurate in all material respects. 在提前告知下，公司同意讓顧問團隊在正常營運時間內訪問/接觸公司資産，資源，文檔，合約，協議和存檔，以及接觸公司聘請的管理層人員，董事會人員，普通員工，評估師，獨立會計師，法務顧問，和其他顧問。公司擔保並承諾所有提供給顧問團隊的文檔及資料均是準確無誤的，完整的，和真實的。 (iii) The Company agrees to cooperate with the Consultant and complete any restructuring of the Company’s capital or legal structure as required by the Going Public Process (the “Restructuring”). To the extent that the Company fails to complete the Restructuring pursuant to the time schedule as agreed upon by the parties, the Consultant shall be under no obligation to refund any of the Consulting Fee already received and shall not be responsible for any economic damages incurred by the Company due to such failure or delay in the Restructuring. 公司同意幷願意與顧問團隊合作對公司資本和合法架構進行調整及更改以符合成爲公衆公司的條件。（以下簡稱 “架構調整”）如果公司未能根據各方已定立的時間表如期完成架構調整，顧問團隊將不會對公司進行任何的前期顧問費用返還，並且不承擔任何因為公司對其架構調整延期/暫停中受到的經濟損失。 (iv) The Company agrees to make punctual payments of Consulting Fees when they fall due. If the payment is overdue, the Company shall be required to pay to the Consultant a late payment fee calculated at the rate of 3‰ per calendar day based on the outstanding amount, unless some other arrangement has been agreed in writing between the Parties. In addition, the Consultant shall have the absolute right to terminate this Agreement upon written notice. 公司同意準時的付清顧問費用。如顧問費延期，除非雙方有其他安排或確定，公司需對顧問團隊額外補交延遲費用, 每日為未支付之顧問費用的3‰，幷且顧問團隊有權利提交書面申請終止這份合同。
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Covenants and Obligations of the Parties. 4 4.1 Asset Transfers 4 4.2 Covenants of Seller 4
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Covenants and Obligations of the Parties. 16 6.1 Vendor’s Obligations and Covenants 16 6.2 Purchasers Obligations and Covenants 16 71 Completion 18 7.1 Completion 18 7.2 Vendor’s obligations on Completion 18
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Covenants and Obligations of the Parties. 4 5.1 Covenant Regarding Split of Specified Fees 4 5.2 Agreement Regarding IntelliChart 4 5.3 Use of Leased Facilities 4 5.4 Confidentiality 4 5.5 Employee Matters 5 5.6 Deletion of Computer Programs, Files 5 5.7 Actions to Facilitate Closing 6 ARTICLE VI REPRESENTATIONS AND WARRANTIES 6 6.1
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Covenants and Obligations of the Parties. 6.1 Covenants and obligations of Party A: (a) After the Agreement has been signed, Party A shall immediately prepare the required documents to apply for the New Exploration License and its transfer. (b) Party A shall bear all costs relating to the application and transfer of the New Exploration License. Party A shall provide Party B with true copies of all documents submitted to the Republic of Guinea authorities in relation to such application and transfer. (c) Party A shall be responsible for all liabilities and debts in respect of the Exploration License and/or the New Exploration License or its related work which accrued on or prior to the transfer of the New Exploration License to Party B, including but not limited to environmental pollutions, land and forest rentals, related taxes, and management and construction fees. (d) Party A shall comply with all applicable laws in connection with the performance of each and all of the obligations under this Agreement. (e) Party A shall provide to Party B periodic reports concerning the status of its efforts in prosecuting any applications for rights and licenses and/or securing approvals from applicable governmental authorities with respect to the licenses, rights and transactions contemplated hereby. (f) Party A shall transfer the Exploration License and the previous mineral data to Party B in accordance with the provisions of this Agreement.
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Covenants and Obligations of the Parties 
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Related to Covenants and Obligations of the Parties

  • Covenants and Obligations The covenants and obligations of Seller in this Agreement shall have been performed in all material respects.

  • Rights and Obligations of the Parties 5.2.1. The client is obliged to: 5.2.1.1. Check for an SMS at the moment of issuance of a card, by which means they will receive a pin code, or check the integrity of the envelope in which the pin code is given; 5.2.1.2. Regularly review and abide by card usage and security regulations developed by the Bank, and not allow disclosure of the card and/or pin-code to the third persons; 5.2.1.3. Reimburse those bank expenses which are related to additional service costs of VISA and Mastercard (if any); 5.2.1.4. Use the card to pay the Bank any commission fee related to card servicing (producing, renewal, including in the international stop-list, etc.) and processing card transactions consistent with the tariff established by the Bank and/or international payment systems; 5.2.1.5. Perform transactions on the card account only within the limits of the available balance. The Bank shall impose a penalty on an intentionally or erroneously overspent amount in excess of the available balance according to the tariff established by the Bank for each day of using the surcharge amount; 5.2.1.6. Promptly fill surcharged amount; 5.2.1.7. Promptly notify the Bank about loss of the card; 5.2.1.8. Shall process card payment transaction in the internet only through the web pages having secure payment certifications (web pages where MasterCard SecureCode or Verified by VISA logos are depicted, allowing for making payment with 3D security code). The bank shall bear no responsibility for the transactions of the client made at the web-pages having no secure payment certifications. 5.2.2. The client is authorized to: 5.2.2.1. At any time obtain information on transactions held at the card account and request statements reflecting such transactions. The client is authorized to become familiar with the transactions made at the card accounts in the internet banking and/or address JSC “Pasha Bank Georgia” telephone services center – contact center and/or any branch of the bank to obtain such information. Card transactions statements shall be issued in a form requested by the client in the timelines established by the bank, however no later than 2 (two) banking days after the request of the client has been made. The bank is entitled to establish the commission for issuing the transaction statement made for the card account. 5.2.2.2. Submit a justified claim on transactions performed on the card account consistent with clause 5.4 of the present agreement. 5.2.3. The client acknowledges that: 5.2.3.1. Cards produced by the Bank are equipped with contactless technology; 5.2.3.2. Throughout the territory of Georgia, contactless card transactions without a pin code are permitted to the amount of up to 100 (one hundred) GEL. The Bank does not bear responsibility and does not accept claims from clients for contactless transaction(s) performed with the card account of a client up to 100 GEL throughout Georgia (notwithstanding the number of such transactions performed with the card).

  • Rights and Obligations of Parties The rights and obligations of each of the parties in any of the property of either or both of them whenever and wherever acquired or located; [PL 1995, c. 694, Pt. B, §2 (NEW); PL 1995, c. 694, Pt. E, §2 (AFF).]

  • Rights and Obligations of Both Parties 7.1 Party A shall have the following rights and obligations: § to draw down and use the Loan according to this Contract; § if Party A repays the Loan before maturity date, it shall obtain prior written consent from Party B and shall compensate Party B against the losses for expected income and relevant expenses; § to bear all expenses incurred under this Contract; § it shall notify Party B at least 30 days in advance of any activities that would have a negative impact upon Party B’s ability to realize its rights such as joint operation, merger, restructuring, sale of material asset, etc. and obtain Party B’s written consent, otherwise, Party A is not allowed to carry out the afore mentioned activity before repayment of the Loan; § to notify Party B of any changes like location, contact address, business scope, legal representative and other commercial register items within 7 days after these changes; § it shall notify Party B immediately the occurrence of any event that will affect its normal operation or solvency under this contract, such as (but not restrain to) severe economic dispute, bankruptcy, financial deterioration etc; § In case of it winding up, dissolution, suspension of operation, revoke of business license, Party A should notify Party B of such events within 5 days after their occurrence and undertake to repay the principal and interest immediately. § Others as agreed. 7.2 Party B shall have the following rights and obligations: § to require Party A to provide all materials related to the Loan; § to deduct the principal, interest, compound interest, penalty interest and other due expenses relating to the Loan under this Contract directly from Party B’s account in accordance with the provisions of this Contract or relevant law; § in case of Party A’s evasion of Party B’s monitoring, default in payment for due principal or interest and other severe breach of the Contract, Party B is entitled to impose credit penalty against Party A, notify relevant departments or entities of such breach and put up payment demand notice on public media; § to provide loan to Party A in time according to the provisions of the Contract (except for the delays due to Party A’s reason); § to keep confidential of the information and materials provided by Party A..

  • Rights and Obligations of Members Section 6.1