Performance By Corporation Clause Samples

The 'Performance By Corporation' clause defines the obligation of a corporation to fulfill its contractual duties as an entity, rather than through individual shareholders, directors, or officers. This clause clarifies that the corporation itself is responsible for delivering goods, services, or other agreed-upon actions under the contract, regardless of changes in its internal management or ownership. By specifying that performance is required from the corporation as a whole, the clause ensures continuity and reliability in contractual obligations, reducing the risk of disputes over who is responsible for performance.
Performance By Corporation. The Corporation agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered all such further and other acts, instruments and assurances as may reasonably be required by the Rights Agent for the carrying out or performing by the Rights Agent of the provisions of this Agreement.
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Performance By Corporation. Duly and punctually perform all of its obligations under the Bonds and the Pledge Agreement.
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Performance By Corporation. On or before the Closing, the Corporation will have performed, satisfied, and complied with in all material respects all covenants, agreements, and conditions that it is required by this Agreement to perform, comply with, or satisfy, before or at the Closing.
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Performance By Corporation. A. The Corporation shall report on a quarterly basis to the City in regard to the progress the Corporation has made toward the objectives, goals and outcomes that are outlined in the Scope of Work (Appendix A), attached and incorporated into this Agreement. B. The Corporation shall serve as a countywide contact for development activities, and it will facilitate the development process with prospective companies and appropriate governmental entities. Through EDC participation, the City will be kept apprised of the planning, development, and construction of necessary infrastructure to support various projects. C. The Corporation shall maintain records and report to the City as follows: l . The Corporation shall maintain accounts and records that accurately reflect the revenues and costs for the Corporation's activities. These financial records, and all records related to the performance of the contract, shall be available for inspection upon request at EDCBoard meetings.
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Related to Performance By Corporation

  • Performance by Affiliates Each Party may discharge any obligations and exercise any right hereunder through any of its Affiliates. Each Party hereby guarantees the performance by its Affiliates of such Party’s obligations under this Agreement, and shall cause its Affiliates to comply with the provisions of this Agreement in connection with such performance. Any breach by a Party’s Affiliate of any of such Party’s obligations under this Agreement shall be deemed a breach by such Party, and the other Party may proceed directly against such Party without any obligation to first proceed against such Party’s Affiliate.

  • Performance by Buyer Buyer shall have performed and complied with all covenants and agreements and satisfied all conditions required by this Agreement to be performed by Buyer on or before the Closing Date.

  • Performance by Contractor Where Pur- chaser’s employees, agents, contractors, Subcontractors, or their employees or agents perform Purchaser’s Opera- tions in connection with fire responsibilities, Purchaser’s obligations shall be the same as if performance was by Purchaser.

  • Compensation of Consultant Town agrees to pay to Consultant for satisfactory completion of all services included in this Agreement a total fee of Fifty Thousand ($50,000.00) for the Project as set forth and described in Exhibit B - Compensation Schedule and incorporated herein as if written word for word. Lump sum fees shall be billed monthly based on the percentage of completion. Hourly not to exceed fees shall be billed monthly based on hours of work that have been completed. Direct Costs for expenses such as mileage, copies, scans, sub- consultants, and similar costs are included in fees and shall be billed as completed. Consultant agrees to submit statements to Town for professional services no more than once per month. These statements will be based upon Consultant's actual services performed and reimbursable expenses incurred, if any, and Town shall endeavor to make prompt payments. Each statement submitted by Consultant to Town shall be reasonably itemized to show the amount of work performed during that period. If Town fails to pay Consultant within sixty (60) calendar days of the receipt of Consultant's invoice, Consultant may, after giving ten (10) days written notice to Town, suspend professional services until paid. Nothing contained in this Agreement shall require Town to pay for any work that is unsatisfactory as reasonably determined by Town or which is not submitted in compliance with the terms of this Agreement. The Scope of Services shall be strictly limited. Town shall not be required to pay any amount in excess of the original proposed amount unless Town shall have approved in writing in advance (prior to the performance of additional work) the payment of additional amounts.

  • Performance by Seller Seller shall have performed, satisfied and complied with all covenants, agreements and conditions required by this Agreement to be performed or complied with by each of them, on or before the Closing Date.