OBLIGATIONS UNDER CONTRACTS Clause Samples
The "Obligations Under Contracts" clause defines the specific duties and responsibilities that each party must fulfill as part of the agreement. This clause typically outlines what actions or deliverables are required, the standards or timelines for performance, and any conditions that must be met during the contract term. For example, it may specify that one party must provide certain goods or services, while the other must make payments or provide access to resources. Its core practical function is to ensure that both parties clearly understand their respective commitments, reducing the risk of disputes and promoting smooth contract execution.
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OBLIGATIONS UNDER CONTRACTS. Seller will keep and perform all of the obligations to be performed by Seller under any contracts affecting the Property. Without prior written consent of Buyer, which will not be unreasonably withheld or delayed, Seller will not enter into any contract or agreement providing for the provision of goods or services to or with respect to the Property or the operation thereof unless such contracts or agreements can be terminated without penalty by the Closing Date. Seller will not enter into any leases for any portion of the Property.
OBLIGATIONS UNDER CONTRACTS. 15 16.5 Expenditures. . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
OBLIGATIONS UNDER CONTRACTS. 15 16.5 EXPENDITURES. . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
OBLIGATIONS UNDER CONTRACTS. During the term of any lease, operating agreement, license, concession or other contract or agreement in which the each of the Borrowers or its Material Subsidiaries have an interest or to which it is a party, each of the Borrowers and its Material Subsidiaries will faithfully observe, perform and discharge the covenants, conditions and obligations relating to non-financial aspects imposed on it thereby, except to the extent that failure to so observe, perform and discharge, could not reasonably be expected to have a Material Adverse Effect.
OBLIGATIONS UNDER CONTRACTS. All obligations of any Seller under the Assigned Contracts; and
OBLIGATIONS UNDER CONTRACTS. All obligations of Seller arising during and relating to the period after ----------------------------- the Closing under the Contracts; and
OBLIGATIONS UNDER CONTRACTS. 15 16.5. Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . 15 17. Condemnation and Destruction. . . . . . . . . . . . . . . . . . . . . . 16 17.1. Eminent Domain or Taking . . . . . . . . . . . . . . . . . . . 16
OBLIGATIONS UNDER CONTRACTS. All obligations of Sellers under the Business Contracts to the extent not related to any Pre Closing Matter;
OBLIGATIONS UNDER CONTRACTS. Helios represents and warrants that it is in material compliance with all contracts listed in this Schedule. Helios further certifies that: No material defaults or breaches exist under these contracts. Helios has not received any notices alleging default or breach under any of the listed contracts. No events have occurred that, with notice or lapse of time, could reasonably be expected to result in a material breach, termination, acceleration, or modification of any of these contracts.
OBLIGATIONS UNDER CONTRACTS. Seller represents and warrants that it has not entered into any written or oral service, management, maintenance or any other agreement affecting the Property that has not been fully performed and paid by Seller except as indicated on Exhibit J, or terminated by Seller (without cost to Purchaser) on or before the Closing Date, other than the Contracts.