Performance of Covenants by Escrow Agent Sample Clauses

The "Performance of Covenants by Escrow Agent" clause defines the obligations and responsibilities of the escrow agent in carrying out the specific duties assigned under the agreement. It typically outlines the actions the escrow agent must take, such as holding, safeguarding, and disbursing funds or documents according to the instructions provided by the parties. This clause ensures that the escrow agent acts impartially and in strict accordance with the terms set forth, thereby providing assurance to all parties that the agreed-upon procedures will be followed and reducing the risk of disputes or mismanagement.
Performance of Covenants by Escrow Agent. If the Trust shall fail to perform any of its covenants contained in this Agreement, the Escrow Agent may notify the Receiptholders and the Lead Underwriter, on behalf of the Underwriters, of such failure on the part of the Trust or may itself perform any of the said covenants capable of being performed by it, but shall be under no obligation to perform said covenants or to notify the Receiptholders and Lead Underwriter of such performance by it. All sums expended or advanced by the Escrow Agent in so doing shall be repayable as provided in Section 5.3. No such performance, expenditure or advance by the Escrow Agent shall relieve the Trust of any default hereunder or of its continuing obligations under the covenants contained herein.
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Performance of Covenants by Escrow Agent. If Mongoose shall fail to perform any of its covenants contained in this Agreement, the Escrow Agent, upon becoming aware of such failure, shall notify the Receiptholders of such failure on the part of Mongoose or may itself perform any of the covenants capable of being performed by it, but shall be under no obligation to perform such covenants or to notify the Receiptholders of such performance by it. All sums expended or advanced by the Escrow Agent in so doing shall be repayable as provided in Section 5.2. No such performance, expenditure or advance by the Escrow Agent shall relieve Mongoose of any default hereunder or of its continuing obligations under the covenants contained herein.
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Performance of Covenants by Escrow Agent. If Spark shall fail to perform any of its covenants contained in this Agreement, the Escrow Agent, upon becoming aware of such failure, shall notify the Receiptholders of such failure on the part of Spark or may itself perform any of the covenants capable of being performed by it, but shall be under no obligation to perform such covenants or to notify the Receiptholders of such performance by it. All sums expended or advanced by the Escrow Agent in so doing shall be repayable as provided in Section 5.2. No such performance, expenditure or advance by the Escrow Agent shall relieve Spark of any default hereunder or of its continuing obligations under the covenants contained herein.
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Related to Performance of Covenants by Escrow Agent

  • Performance of Covenants by Warrant Agent If the Corporation shall fail to perform any of its covenants contained in this Indenture, the Warrant Agent may notify the Registered Warrantholders of such failure on the part of the Corporation and may itself perform any of the covenants capable of being performed by it but, subject to Section 9.2, shall be under no obligation to perform said covenants or to notify the Registered Warrantholders of such performance by it. All sums expended or advanced by the Warrant Agent in so doing shall be repayable as provided in Section 5.3. No such performance, expenditure or advance by the Warrant Agent shall relieve the Corporation of any default hereunder or of its continuing obligations under the covenants herein contained.

  • Performance of Covenants The Company shall have performed or complied with in all material respects all agreements and covenants required to be performed or complied with by it under this Agreement at or prior to the Effective Time.

  • Performance of Covenants and Satisfaction of Conditions To use its reasonable best efforts to do and perform all things required to be done or performed under this Agreement by the Company prior to each Closing Date and to satisfy all conditions precedent to the delivery of the Firm Stock and the Optional Stock.

  • Performance of Agreements and Covenants Each and all of the agreements and covenants of Buyer to be performed and complied with pursuant to this Agreement and the other agreements contemplated hereby prior to the Effective Time shall have been duly performed and complied with in all material respects.

  • Performance of Covenants and Agreements The Guarantor hereby agrees to take all lawful action in its power to cause the Tenant duly and punctually to perform all of the covenants and agreements set forth in the Transaction Documents.