A "further assurances" clause requires the parties involved in a contract to take additional actions necessary to fulfill the terms and intents of the agreement, even after the contract has been signed. This provision ensures that both parties cooperate in good faith to accomplish the contract's objectives and resolve any unforeseen issues that may arise.
Further Assurances: Hygge agrees to do or cause to be done all acts or things necessary to implement and carry into effect the provisions and intent of this Note including the execution of any undertakings required by the appropriate regulatory authorities.
FURTHER ASSURANCES 1. Borrower to execute further documents etc. The Borrower shall, and shall procure that any other party to any Security Document shall: (a)execute and deliver to the Agent (or as it may direct) any assignment, mortgage, power of attorney, proxy or other document, governed by the law of England or such other country as the Agent may, in any particular case, specify; and (b) effect any registration or notarisation, give any notice or take any other step, which the Agent may, by notice to the Borrower or other party, specify for any of the purposes described in Clause 6.2 or for any similar or related purpose.
Purposes of further assurances. Those purposes are: a) validly and effectively to create any Encumbrance or right of any kind which the Lenders intended should be created by or pursuant to the Loan Agreement or any other Security Document, each as amended and supplemented by this Agreement; and (b) implementing the terms and provisions of this Agreement.
Terms of further assurances. The Agent may specify the terms of any document to be executed by the Borrower or any other party under Clause 6.1, and those terms may include any covenants, powers and provisions which the Agent considers appropriate to protect its interests.
WHEREAS, the Stockholders Agreement provides that (i) if any provision of the Stockholders Agreement is found to be invalid or unenforceable in any jurisdiction, a suitable and equitable provision will be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (ii) each Party will take such further actions as may be reasonably requested from time to time by the other Parties to give effect to and carry out the transactions contemplated therein (the “Severability and Further Assurances Provisions”);
Further Assurances. Each party must, from time to time and in a timely manner, do all things reasonably necessary (including obtaining consents and obtaining execution and completion of documents) to: (a) bind the parties under this Variation Deed and the Agreement; and (b) give full effect to this Variation Deed and the Agreement.
Further Assurances, it states that “If the Stock Purchase Agreement is NOT VALIDATED (AND IT WAS NOT, PAYMENT WAS NEVER MADE TO OR RECEIVED BY GREGORY C. MANOS ACCORDING TO THE STOCK PURCHASE AGREEMENT) than the Management and Control of Active Heath Foods, Inc. must be returned in FULL to Gregory C. Manos” and on September 15, 2021 the Sole Director of Active Health Foods, Inc. verified and confirmed that Gregory C. Manos will remain as Active Health Foods, Inc.’s CEO, President, Vice President, Secretary, Treasurer, Sole Director, and he will have Sole Control over the Company.
Further Assurances. Each Party shall from time to time and at all times hereafter, use its reasonable best efforts, to make, do or execute, or cause or procure to be made, done or executed, such further acts, deeds, conveyances, consents and assurances without further consideration, which may reasonably be required to effect the Proposed Transaction.
Further Assurances. Promptly upon request of the other party, Assignor and Assignee shall each execute, acknowledge (as appropriate) and deliver to the other such further assurances and take such further actions as may be reasonably required or appropriate to perfect the assignment and assumption of the Agreement and otherwise carry out the intent and purpose of this Assignment, provided that neither party shall incur any material additional cost, expense or obligation in connection with any act that the other party may request.
3. Further Assurances. Each Party covenants and agrees to execute and deliver, or cause to be executed and delivered, to the other Party such instruments or further assurances as may, in the reasonable opinion of such other Party, be necessary or desirable to give effect to the provisions of this Agreement.
Further Assurances. Assignee shall from time to time after the date hereof at the request of Assignor and without further consideration execute and deliver to Assignor such additional instruments of assumption in addition to this Transfer and Assumption Agreement as Assignor shall reasonably request to evidence more fully the assumption by Assignee of the Liabilities.
Further Assurances. Each Party covenants and agrees that, subsequent to the execution and delivery of this Agreement and without any additional consideration, it will execute and deliver any further legal instruments and perform any acts which are or may become reasonably necessary to effectuate the purposes of this Agreement.
Further Assurances. Each of you and Janel agrees to execute, acknowledge, seal and deliver, after the date hereof, such further assurances, instruments and documents and to take such further actions as reasonably requested in order to fulfill the intent of this agreement and the transactions contemplated hereby.
Further Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Amendment and the consummation of the transactions contemplated hereby.
Further assurances. Except as expressly provided in this agreement, each Party must, at its own expense, do all things reasonably necessary to give full effect to this agreement and the matters contemplated by it.
Further Assurances. The parties hereto will provide such further assurances and cooperation as may be necessary or appropriate to fully effect this Agreement.
“Further Assurances” is a contractual clause often found in legal agreements. It obligates one or both parties to take additional actions or provide further documentation to ensure the full and proper execution of the contract terms and any related transactions. This clause is essentially a promise to do whatever is necessary to fulfill the contract’s intent beyond the explicitly outlined obligations.
You should use a Further Assurances clause when:
When drafting a Further Assurances clause, consider the following elements:
Example:
“Each Party shall, at its own expense and upon receipt of a written request from the other Party, perform such further acts and execute and deliver such further documents as may be reasonably necessary to carry out and give full effect to the terms of this Agreement.”
Further Assurances clauses are typically found in various types of contracts, such as:
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
The "Future Advances" clause in a contract specifies that the lender agrees to provide additional funds to the borrower at a later date, under predetermined conditions. It outlines the terms and conditions for these subsequent loans, ensuring they are legally tied to the original contract.
A future consideration clause refers to an agreement within a contract where the parties commit to provide a benefit or fulfillment of obligations at a later date rather than immediately. This type of clause allows for flexibility and adaptation to evolving circumstances or additional negotiations as the contract progresses.
The "General Compliance with Laws" clause mandates that all parties to the contract adhere to applicable local, state, national, and international laws and regulations throughout the duration of their agreement. This clause ensures that all contractual activities are conducted legally and ethically, mitigating the risk of legal disputes and penalties.
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