Common use of PURCHASERS TO COMPLETE CONTRACTS Clause in Contracts

PURCHASERS TO COMPLETE CONTRACTS. The Purchasers shall procure that with effect from Completion (or, in the case of Contracts not transferred at Completion, the time of transfer of those Contracts): 8.2.1 each of the Contracts is carried out and completed (so far as the Purchasers are lawfully able to do so); and 8.2.2 that EFPL's obligations under the Contracts are performed (to the extent that the same have not been previously carried out or completed) in the ordinary course (where applicable): (i) in a proper and workmanlike manner; and (ii) in accordance with their respective terms, and shall indemnify EFPL and keep EFPL indemnified on an after-tax basis against all Losses incurred by EFPL in respect of the Contracts arising out of or in respect of any failure by the Purchasers to comply with their obligations under this Clause 8.2.

Appears in 1 contract

Sources: Sale and Purchase Agreement (Edison Mission Energy)

PURCHASERS TO COMPLETE CONTRACTS. The Purchasers shall procure that with effect from Completion (or, in the case of Contracts not transferred at Completion, the time of transfer of those Contracts): 8.2.1 8.3.1 each of the Contracts is carried out and completed (so far as the Purchasers are lawfully able to do so); and 8.2.2 8.3.2 that EFPL's obligations under the Contracts are performed (to the extent that the same have not been previously carried out or completed) in the ordinary course (where applicable): (i) in a proper and workmanlike manner; and (ii) in accordance with their respective terms, and shall indemnify EFPL and keep EFPL indemnified on an after-tax basis against all Losses incurred by EFPL in respect of the Contracts arising out of or in respect of any failure by the Purchasers to comply with their obligations under this Clause 8.28.3.

Appears in 1 contract

Sources: Sale and Purchase Agreement (Edison Mission Energy)