Common use of Borrower to Make up Deficiencies Clause in Contracts

Borrower to Make up Deficiencies. In furtherance of the foregoing, so long as any Bonds are outstanding the Borrower will pay all amounts required to prevent any deficiency or default in any payment of the principal or purchase price of, premium, if any, or interest on the Bonds, including any deficiency caused by an act or failure to act by the Purchaser or the Trustee, the Borrower, the Issuer or any other person.

Appears in 2 contracts

Samples: Bond and Loan Agreement, Bond and Loan Agreement

AutoNDA by SimpleDocs

Borrower to Make up Deficiencies. In furtherance of the -------------------------------- foregoing, so long as any Bonds are outstanding outstanding, the Borrower will pay agrees to pay, or cause to be paid, all amounts required to prevent any deficiency or default in any payment of the principal or purchase price of, premium, if any, or interest on the Bonds, including any deficiency caused by an act or failure to act by the Purchaser or the Trustee, the Borrower, the Issuer or any other person.

Appears in 1 contract

Samples: Loan Agreement (Pen Tab Industries Inc)

AutoNDA by SimpleDocs

Borrower to Make up Deficiencies. In furtherance of the foregoing, so long as any Bonds are outstanding outstanding, the Borrower will pay agrees to pay, or cause to be paid, all amounts required to prevent any deficiency or default in any payment of the principal or purchase price of, premium, if any, or interest on the Bonds, including any deficiency caused by an act or failure to act by the Purchaser or the Trustee, the Borrower, the Issuer or any other person.

Appears in 1 contract

Samples: Loan Agreement (Steadfast Income REIT, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.