Simultaneously with the Clause Samples

The "Simultaneously with the" clause establishes that a particular action or obligation must occur at the exact same time as another specified event or action. In practice, this might require that payment is made at the same moment as the delivery of goods, or that the execution of a document happens concurrently with the transfer of property. This clause ensures that neither party is required to perform their obligation before the other, thereby reducing the risk that one party fulfills their part of the agreement without immediate reciprocation.
POPULAR SAMPLE Copied 1 times
Simultaneously with the execution and delivery of this Agreement, ICI and you shall execute and deliver the ICI Agreement with Employee - Nondisclosure and other Covenants in the form attached hereto as Exhibit A ("Nondisclosure Agreement").
View SourceView Similar (2)
Simultaneously with the notifications provided for in subclauses 1 and 4 the employer shall submit a copy thereof to the employees in the enterprise or to their representatives where such representatives have been elected or appointed, who may then submit any comments they might have to the Regional Labour Market Council. A copy thereof shall be submitted to the employer.
View Source
Simultaneously with the execution and delivery of this First Amendment by Tenant, Tenant shall pay to Landlord $239,364.00, which shall be held by Landlord to secure Tenant's performance of its obligations under the Lease and this First Amendment pursuant to the terms and provisions of Section 6 of the Lease. Therefore, the Basic Lease Information is hereby amended by changing the amount of the Security Deposit (as defined in the Basic Lease Information) from "$553,675.00" to "793,039.00".
View Source
Simultaneously with the execution and delivery of this Agreement, the Borrower is executing and delivering to the Bank the 1998 Revolving Note, in substitution for the 1997 Revolving Note. The 1998 Revolving Note is a $5,000,000 promissory note of the Borrower, substantially in the form attached hereto as Exhibit 1. Wherever in any of the Financing Documents or in any certificate or opinion to be delivered in connection therewith, reference is made to a "Revolving Note", from and after the date hereof same will be deemed to refer to the 1998 Revolving Note.
View Source
Simultaneously with the execution and delivery of this Amendment, Borrower shall execute and deliver to Lender a promissory note dated as of the date hereof, in the principal amount of $10,000,000, in the form attached hereto as EXHIBIT A (the "Additional Note").
View Source
Simultaneously with the execution of this Sixth Amendment, the Borrower shall deliver to the Bank upon request, a Norwest Corporate Certificate of Authority, in form and content acceptable to the Bank; and,
View Source

Related to Simultaneously with the

  • Failure to Comply with the 1934 Act So long as the Buyer beneficially owns the Note, the Company shall comply with the reporting requirements of the 1934 Act; and the Company shall continue to be subject to the reporting requirements of the 1934 Act.

  • Filings with the NYSE The Company will timely file with the NYSE all material documents and notices required by the NYSE of companies that have or will issue securities that are traded on the NYSE.

  • Covenant Running with the Land The terms, conditions, rights, obligations, benefits, covenants and restrictions of the provisions of this Agreement shall be deemed covenants running with the land, and shall be binding upon and inure to the benefit of the Developer and its heirs, representatives, successors and assigns. This Agreement shall be deemed to be incorporated into each deed and conveyance of the Property or any portion thereof hereafter made by any other Developers of the Property, regardless of whether this Agreement is expressly referenced therein.

  • Covenants Running with the Land All Obligations contained in this Mortgage are intended by Mortgagor and Mortgagee to be, and shall be construed as, covenants running with the Land. As used herein, “Mortgagor” shall refer to the party named in the first paragraph of this Mortgage and to any subsequent owner of all or any portion of the Mortgaged Property. All Persons who may have or acquire an interest in the Mortgaged Property shall be deemed to have notice of, and be bound by, the terms of the Credit Agreement and the other Loan Documents; provided, however, that no such party shall be entitled to any rights thereunder without the prior written consent of Mortgagee.

  • Work Does Not Comply with Contract If the Engineer submits work that does not comply with the terms of this contract, the State shall instruct the Engineer to make such revision as is necessary to bring the work into compliance with the contract. No additional compensation shall be paid for this work.