Obligation to Clause Samples
The "Obligation to" clause establishes a party's duty to perform a specific action or fulfill a particular requirement under the agreement. In practice, this clause may require a party to deliver goods, provide services, maintain confidentiality, or comply with certain standards within a set timeframe. Its core function is to clearly define and formalize the responsibilities of each party, ensuring accountability and reducing the risk of misunderstandings or disputes regarding what is expected.
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Obligation to. Go Along" Subject to Sections 5(a) and 5(c) of this Agreement, if the Board of Directors of the Company approves a sale of all or substantially all of the Company's assets determined on a consolidated basis or a sale of all or substantially all (i.e., greater than 66 2/3%) of the Company's outstanding capital stock (whether by sale of stock, merger, recapitalization, consolidation, reorganization, combination or otherwise) to any Person or group of Persons (collectively an "Approved Sale"), each Shareholder will consent to ------------- and raise no objections against such Approved Sale. If the Approved Sale is structured as (i) a merger or consolidation, each Shareholder will waive any dissenter's rights, appraisal rights or similar rights in connection with such merger or consolidation or (ii) sale of stock, each Shareholder will agree to sell all of its Shares and rights to acquire Shares on the terms and conditions approved by the Board of Directors of the Company. Each Shareholder will take all reasonable actions in connection with the consummation of the Approved Sale as requested by the Company.
Obligation to. 17 5.3 CROSS-COLLATERAL. . . . . . . . . . . . . . . . . . . . . . . . . 17
Obligation to disclose The Transferor will immediately disclose to the Transferee any matter or thing which arises or becomes known to the Transferor during the Interim Period which is inconsistent with any of the Warranties or which it considers renders any of them misleading to a purchaser for value of the Assigned Interest.
Obligation to promptly notify any changes
Obligation to avoid conflict of interests
Obligation to take out and maintain insurance
(a) As at the Commencement Date, the Recipient must take out or have taken out for the period specified in clause 16.1(b) or clause 16.1(c) (as the case may be) the insurances as specified in the Agreement Details in Part A.
(b) If the Recipient takes out a ‘claims made’ policy, which requires all claims and any fact situation or circumstance that might result in a claim to be notified within the period of insurance, the Recipient must maintain the policy (or a policy in like terms) during the Agreement Period and for a period of seven years on and from the expiry or the early termination of this Agreement.
(c) If the Recipient takes out an ‘occurrence’ policy, which requires the circumstances to which a claim relates to occur during the period of insurance whilst the notification of event can occur at any time subsequently, the Recipient must maintain the policy during the Agreement Period.
(d) The Recipient must ensure that any subcontract entered into by the Recipient in relation to this Agreement places on the subcontractor, in respect of the subcontractor’s activities, the same or similar obligations about insurances, as this clause 16 places on the Recipient.
Obligation to refrain from restrictive practices
11.4.1 engage in any restrictive or other business practice or method of trading; and/or
11.4.2 perform any act or omission, with regard to this agreement, the bulk fuel site, the hydrant system and/or any fuelling services and/or other activities at the airport, which may or does in any way -
11.4.3 adversely prejudice the performance of fuelling services at the airport by any other person (including without limitation any additional throughputters admitted in terms of 6) and/or the supply of aviation fuels and/or related products to the airport; and or
11.4.4 contravene the provisions of the Competition Act No 89 of 1998.
Obligation to supply water for public purposes
a) The Operator shall make available free of costs an adequate supply of water for fire-fighting and other public purposes as the Authority may reasonably request subject to any considerations arising from the actual technical conditions of the Project Facilities and the actual and adequate supply of bulk water by the Authority.
b) The volume of water provided by the Operator to the concerned Government body or for any other public purpose for firefighting or to the Authority shall be deemed to have been billed to and collected from the relevant authorities or the Authority (if not billed and collected), as the case may be, for the purposes of calculation of Performance Standards. The quantity of water required in particular for firefighting and other public purposes shall be limited to a maximum of 2% (two percent) of the total water supply or such other qualities percentage as may be approved by the Authority.
Obligation to take out and maintain insurance
(a) The Recipient must take out or have taken out for the period specified in clause 16.1(b) or clause 16.1(c) (as the case may be) as at the Commencement Date, workers’ compensation and public liability insurances as specified in Item 8 of the Agreement Details.
(b) If the Recipient takes out a ‘claims made’ policy, which requires all claims and any fact situation or circumstance that might result in a claim to be notified within the period of insurance, the Recipient must maintain the policy (or a policy in like terms) during the Agreement Period and for a period of seven years on and from the expiry or the early termination of this Agreement.
(c) If the Recipient takes out an ‘occurrence’ policy, which requires the circumstances to which a claim relates to occur during the period of insurance whilst the notification of event can occur at any time subsequently, the Recipient must maintain the policy during the Agreement Period.
(d) The Recipient must ensure that any subcontract entered into by the Recipient in relation to this Agreement places on the subcontractor, in respect of the subcontractor’s activities, the same or similar obligations about insurances, as this clause 16 places on the Recipient.
Obligation to. Merck shall, upon NewLink’s reasonable request [**], undertake [**] to [**] or [**] that may be available to [**].