COVENANTS OF PATCH Sample Clauses

COVENANTS OF PATCH. 4.1 Patch covenants with ▇▇▇▇▇▇▇▇▇ that it shall: (a) upon receipt of any payments from ▇▇▇▇▇▇▇▇▇ pursuant to section 1.2 hereof, advance those payments to True in accordance with the terms of the Farmout Agreement; (b) keep ▇▇▇▇▇▇▇▇▇ informed in a timely manner of the operations under the Farmout Agreement and shall provide ▇▇▇▇▇▇▇▇▇ with copies of any data it shall receive of the Second Program; and (c) upon ▇▇▇▇▇▇▇▇▇ having earned the Partial Interest, forthwith upon receipt of same, forward any revenues received by Patch on account of the Partial Interest to ▇▇▇▇▇▇▇▇▇.
View SourceView Similar (5)
COVENANTS OF PATCH. 4.1 Patch covenants with ▇▇▇▇▇▇▇▇▇ that it shall: (a) upon receipt of any payments from ▇▇▇▇▇▇▇▇▇ pursuant to section 1.2 hereof, advance those payments to PB in accordance with the terms of the Participation Agreement; (b) keep ▇▇▇▇▇▇▇▇▇ informed in a timely manner of the operations under the Participation Agreement and shall provide ▇▇▇▇▇▇▇▇▇ with copies of any data it shall receive pursuant to the Participation Agreement; and (c) upon ▇▇▇▇▇▇▇▇▇ having earned the Partial Interest, forthwith upon receipt of same, forward any revenues received by Patch on account of the Partial Interest to ▇▇▇▇▇▇▇▇▇.
View SourceView Similar (2)
COVENANTS OF PATCH. From the date hereof until the earlier of the Effective Time and the termination of this Agreement in accordance with Article 7, except with the prior written consent of the Purchaser, and except as otherwise expressly permitted or specifically contemplated by this Agreement or as required by Applicable Laws: (a) other than as disclosed in writing to the Purchaser: (i) Patch’s business shall be conducted only in the Ordinary Course; and (ii) Patch shall use reasonable commercial efforts to preserve intact its business, organization, assets, properties and goodwill and maintain satisfactory relationships with contract counterparties and others having advantageous business relationships with it, in each case, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect on Patch; (b) Patch shall consult with the Purchaser in respect of the ongoing material business and affairs of Patch and its subsidiaries and keep the Purchaser apprised of all material developments relating thereto; (c) Patch shall not, and shall not permit any of its subsidiaries to, directly or indirectly, do or permit to occur any of the following: (i) amend its constating documents; (ii) declare, set aside or pay any dividend or other distribution or payment (whether in cash, shares or property) in respect of its outstanding shares; (iii) except as specifically contemplated in this Arrangement Agreement and the Plan of Arrangement, redeem, purchase or otherwise acquire any of its outstanding shares or other securities; (iv) issue (other than Patch Common Shares issued on the redemption of outstanding Patch Exchangeable Shares as specifically contemplated by this Arrangement Agreement), grant, sell or pledge or agree to issue, grant, sell or pledge any shares, or securities convertible into or exchangeable or exercisable for, or otherwise evidencing a right to acquire shares; (v) split, combine or reclassify any of its securities; (vi) pursue, complete or agree to complete any corporate acquisition or disposition, amalgamation, merger, arrangement, (vii) make any material change to the business, capital or affairs of Patch or any of its subsidiaries, except as specifically contemplated in this Arrangement Agreement; (viii) adopt a plan of liquidation or resolutions providing for the liquidation, dissolution, merger, consolidation or reorganization of Patch or any of its subsidiaries; (ix) reduce the stated capital of Patch or any of its subsidiaries...
View Source
COVENANTS OF PATCH. 4.1 Patch covenants with Micron that it shall:
View Source
COVENANTS OF PATCH. 4.1 Patch covenants with ▇▇▇▇▇▇▇▇▇ that it shall: (a) upon receipt of any payments from ▇▇▇▇▇▇▇▇▇ pursuant to section 1.2 hereof, advance those payments to True in accordance with the terms of the Farmout Agreement; and (b) keep ▇▇▇▇▇▇▇▇▇ informed in a timely manner of the operations under the Farmout Agreement and shall provide ▇▇▇▇▇▇▇▇▇ with copies of any data it shall receive of the Test ▇▇▇▇▇.
View Source
COVENANTS OF PATCH. 4.1 Patch covenants with Micron that it shall: (a) upon receipt of any payments from Micron pursuant to section 1.2 hereof, advance those payments to True in accordance with the terms of the Farmout Agreement; (b) provide Micron with such drilling reports and other data which it receives in respect of the Second Program on the same day such reports or data are received by Patch; (c) make all such payments as are required to be paid by Patch in order to maintain its 12.5% interest in the Second Program; and (d) upon Micron having earned the Partial Interest, forthwith upon receipt of same, forward any revenues received by Patch on account of the Partial Interest to Micron.
View Source
COVENANTS OF PATCH. 4.1 Micron covenants with Habanero that it shall: (a) upon receipt of any payments from Habanero pursuant to section 1.2 hereof, advance those payments to Micron in accordance with the terms of the Participation Agreement; (b) provide Habnero with such drilling reports and other data which it receives in respect of the Second Program on the same day such reports or data are received by Micron; (c) make all such payments as are required to be paid by Micron in order to maintain its 5% working interest in the Second Program; and (d) upon Habanero having earned the Partial Interest, forthwith upon receipt of same, forward any revenues received by Micron on account of the Partial Interest to Habanero.
View Source
COVENANTS OF PATCH. 4.1 Patch covenants with ▇▇▇▇▇▇ that it shall: (a) upon receipt of any payments from ▇▇▇▇▇▇ pursuant to section 1.2 hereof, advance those payments to True in accordance with the terms of the Farmout Agreement; (b) provide ▇▇▇▇▇▇ with such drilling reports and other data which it receives in respect of the Second Program on the same day such reports or data are received by Patch; (c) make all such payments as are required to be paid by Patch in order to maintain its 12.5% interest in the Second Program; and (d) upon ▇▇▇▇▇▇ having earned the Partial Interest, forthwith upon receipt of same, forward any revenues received by Patch on account of the Partial Interest to ▇▇▇▇▇▇.
View Source

Related to COVENANTS OF PATCH

  • Covenants of Party B Party B hereby covenants as follows: 2.2.1 Without the prior written consent of Party A, Party B shall not sell, transfer, mortgage or dispose of in any other manner any legal or beneficial interest in the equity interests in Party C held by Party B, or allow the encumbrance thereon, except for the interest placed in accordance with Party B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney; 2.2.2 Without the prior written consent of Party A, Party B shall cause the shareholders’ meeting and/or the directors (or the executive director) of Party C not to approve any sale, transfer, mortgage or disposition in any other manner of any legal or beneficial interest in the equity interests in Party C held by Party B, or allow the encumbrance thereon of any security interest, except for the interest placed in accordance with Party B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney; 2.2.3 Without the prior written consent of Party A, Party B shall cause the shareholders’ meeting or the directors (or the executive director) of Party C not to approve the merger or consolidation with any person, or the acquisition of or investment in any person; 2.2.4 Party B shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to the equity interests in Party C held by Party B; 2.2.5 Party B shall cause the shareholders’ meeting or the directors (or the executive director) of Party C to vote their approval of the transfer of the Optioned Interests as set forth in this Agreement and to take any and all other actions that may be requested by Party A; 2.2.6 To the extent necessary to maintain Party B’s ownership in Party C, Party B shall execute all necessary or appropriate documents, take all necessary or appropriate actions, file all necessary or appropriate complaints, and raise necessary or appropriate defenses against all claims; 2.2.7 Party B shall appoint any designee of Party A as the director or the executive director of Party C, at the request of Party A; 2.2.8 Party B hereby waives its right of first of refusal to transfer of equity interest by any other shareholder of Party C to Party A (if any), and gives consent to execution by each other shareholder of Party C with Party A and Party C the exclusive option agreement, the equity interest pledge agreement and the power of attorney similar to this Agreement, Party B’s Equity Interest Pledge Agreement and Party B’s Power of Attorney and undertakes not to take any action in conflict with such documents executed by the other shareholders; 2.2.9 Party B shall promptly donate any profit, interest, dividend or proceeds of liquidation, or any proceeds from transferring its entire or a part of equity interest in Party C, to Party A or any other person designated by Party A to the extent permitted under applicable PRC laws; and 2.2.10 Party B shall strictly abide by the provisions of this Agreement and other contracts jointly or separately executed by and among Party B, Party C and Party A, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. To the extent that Party B has any remaining rights with respect to the equity interests subject to this Agreement hereunder or under the Party B’s Equity Interest Pledge Agreement or under the Party B’s Power of Attorney, Party B shall not exercise such rights except in accordance with the written instructions of Party A.

  • Covenants of Party A Unless the provisions set forth below under “Private Placement Procedures” shall be applicable, Party A shall use any Shares delivered by Party B to Party A on any Settlement Date to return to securities lenders to close out open Share loans created by Party A or an affiliate of Party A in the course of Party A’s or such affiliate’s hedging activities related to Party A’s exposure under this Confirmation.

  • COVENANTS OF ICANN ICANN covenants and agrees with Registry Operator as follows:

  • Covenants of Parent Parent agrees that:

  • Covenants of Company In the event that any litigation with claims in excess of $1,000,000 to which the Company is a party which shall be reasonably likely to result in a material judgment against the Company that the Company will not be able to satisfy shall be commenced by an Owner, during the period beginning nine months following the commencement of such litigation and continuing until such litigation is dismissed or otherwise terminated (and, if such litigation has resulted in a final judgment against the Company, such judgment has been satisfied), the Company shall not make any distribution on or in respect of its membership interests to any of its members, or repay the principal amount of any indebtedness of the Company held by CFC, unless (i) after giving effect to such distribution or repayment, the Company's liquid assets shall not be less than the amount of actual damages claimed in such litigation or (ii) the Rating Agency Condition shall have been satisfied with respect to any such distribution or repayment. The Company will not at any time institute against the Trust any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Certificates, the Notes, this Agreement or any of the Basic Documents.