Common use of Covenants of Optionor Clause in Contracts

Covenants of Optionor. Optionor covenants and agrees with Optionee that from and after the date hereof and until the Closing Date, Optionor (i) shall maintain the Stock in the same manner as on the date of this Agreement, (ii) shall not do or cause to be done anything that would cause any representation or warranty of Optionor hereunder to be untrue, and (iii) shall not enter into any debt transaction or other agreement resulting in an encumbrance on the Stock.

Appears in 2 contracts

Sources: Option to Purchase Common Stock (Jore Matthew B), Option to Purchase Common Stock (Jore Matthew B)