To induce the purchaser to enter into this agreement, to pay the purchase price provided and to otherwise perform the obligations hereunder, the seller covenants to the purchaser that de will not for a certain period of time from the date fixed for the closing, engage, directly or indirectly, in the business of buying, selling, brokering, importing, exporting, or manufacturing items or products of any kind whatsoever related to the sale of this particular business.
Noncompetition Covenant by Seller in Sale of Business
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Multi-State
Control #:
US-01736-AZ
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Word;
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Examples in U.S. Palos Verdes, Los Angeles, California covenants forbade an owner to sell or rent a house to anyone not of the white or Caucasian race or to permit African Americans on their property with the exception of chauffeurs, gardeners, and domestic servants.
There are several covenants in the Bible, but five covenants are crucial for understanding the story of the Bible and God's redemptive plan: the Noahic Covenant, the Abrahamic Covenant, The Mosaic Covenant, the Davidic Covenant and the New Covenant.
A formal agreement or promise, usually included in a contract or deed, to do or not do a particular act; a compact or stipulation made in writing or by parol.
In legal and financial terminology, a covenant is a promise in an indenture, or any other formal debt agreement, that certain activities will or will not be carried out or that certain thresholds will be met.
Noun. an agreement, usually formal, between two or more persons to do or not do something specified. Law. an incidental clause in such an agreement.a solemn agreement between the members of a church to act together in harmony with the precepts of the gospel.
A covenant is a provision, or promise, contained in a deed to land. Land may be subject to a covenant which affects or limits its use. This is known as the burden of a covenant. A covenant may give a landowner some say over what is permissible on neighbouring property.
2.1 Number of biblical covenants. 2.2 Edenic covenant. 2.3 Noahic covenant. 2.4 Abrahamic covenant. 2.5 Mosaic covenant. 2.6 Priestly covenant. 2.7 Davidic covenant. 2.7.1 Christian view of Davidic covenant. 2.8 New covenant (Christian)
Maintaining a certain debt to equity ratio. Maintaining a certain interest coverage ratio. Maintaining a certain level of cash flow. Maintaining a minimum level of earnings before interest, tax, and depreciation (EBITD) Maintaining a minimum level of earnings before interest and tax (EBIT)
