Common use of Covenants of REI and Regco Clause in Contracts

Covenants of REI and Regco. REI covenants and agrees, for itself and on behalf of Regco, to comply with the covenants set forth in this Article VI until the Option Closing Date or, if the Option is not exercised, the Option Expiration Date. In connection with the transactions occurring on the Restructuring Date, REI covenants and agrees to cause Regco to expressly assume the obligations under this Agreement required to be performed by REI and by Regco. 6.1 Genco IPO or Genco Spin-off. Regco will use its best efforts to satisfy all Regulatory Conditions to Genco Public Ownership Event on or prior to June 30, 2002. Subject only to the satisfaction of such conditions, Regco will cause a Genco Public Ownership Event to occur on or prior to June 30, 2002. The "Regulatory Conditions to Genco Public Ownership Event" are that: (a) Any material Governmental Approvals necessary under applicable law to effect the Genco Public Ownership Event shall have been obtained and be in full force and effect; and (b) No order, injunction or decree issued by any court or agency of competent jurisdiction preventing the consummation of the Genco Public Ownership Event shall be in effect.