Certain Payment Obligations. 2 2.04. Reimbursement Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2.05. [Reserved] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Certain Payment Obligations. (a) [Reserved]
Certain Payment Obligations. In addition to paying for its Participating Interest Share of Approved Costs pursuant to Section 9.1, during the Initial Well Cost Recovery Period, Stage 1 Carry Period and Stage 2 Carry Period, STC Eagleville shall be subject to the following additional funding obligations (the “Additional Funding Obligations”).
Certain Payment Obligations. Consultant acknowledges and agrees that the provisions of Section 10 are not intended to prevent Consultant from competing with Company.
Certain Payment Obligations. (a) The Borrower shall pay within thirty (30) days after written demand:
Certain Payment Obligations. 32 7.1 Payment of Development Costs and Carried Costs.......................................... 32 7.2 Payment Procedures.......................................................................................... 32 7.3 Carried Costs Balance Payment........................................................................ 33 7.4 Post Closing Cash Payments............................................................................. 33 7.5 Certain Order of Payments................................................................................ 33 7.6 Total Cost Sharing Payments............................................................................ 34 ARTICLE VIII DEFAULTS.......................................................................................................... 34 8.1 Defaults............................................................................................................. 34 8.2 Certain Automatic Remedies for a Default....................................................... 35 8.3 Certain Other Remedies for a Default............................................................... 36 8.4 Cumulative and Additional Remedies............................................................... 36 ARTICLE IX LAND AND GEOSCIENCE DATA; DISCLAIMERS.......................................... 37 9.1 Land and Geoscience Data................................................................................ 37 9.2 Disclaimers........................................................................................................ 37 ARTICLE X TERM....................................................................................................................... 38 10.1 Termination....................................................................................................... 38 10.2 Effect of Termination........................................................................................ 38 ARTICLE XI MISCELLANEOUS............................................................................................... 38 11.1 Relationship of the Parties................................................................................. 38 11.2 Notices............................................................................................................... 39 11.3 Expenses............................................................................................................ 41 11.4 Waivers; Rights Cumulative...........................................
Certain Payment Obligations. Notwithstanding any other provision of this Agreement, the failure to be satisfied of any Target as of any Assessment Date (or the related Grace Date, as the case may be) shall not affect Purchaser's obligation to pay a Target Amount with respect to another Target that has been satisfied as of such Assessment Date (or the related Grace Date, as the case may be), or affect Purchaser's obligation to pay a Target Amount with respect to the satisfaction of such Target with respect to any future Assessment Date (or the related Grace Date, as the case may be) as of which such Target may be satisfied. Any other provision of this Agreement notwithstanding, (i) the aggregate of Target Base Amounts paid to Seller in respect of any Target shall not exceed $26,666,667, and (ii) the aggregate of Target Base Amounts paid to Seller in respect of all satisfied Targets shall not exceed the Target Deferred Purchase Price; it being understood that the "Target Base Amount" concept excludes the interest otherwise payable on such amounts pursuant to this Section.
Certain Payment Obligations. To the extent permitted by law, the County shall and hereby agrees to pay to the Seller and any successors, assigns, directors, officers, agents or subrogees the amounts of any and all claims, losses, damages, actions, proceedings, expenses, or liabilities, including reasonable legal fees and expenses and court costs, arising out of or in connection with their services in assisting with the sale or financing of the Project, but not due to the gross negligence or wrongful acts of such parties or breach of their obligations hereunder. Such payment obligation hereunder includes, but is not limited to, claims, losses, damages, actions, proceedings, expenses, or liabilities arising during the Term hereof out of (i) the use, maintenance, condition or management of the Project by the County, DRAFT
Certain Payment Obligations. To the extent permitted by law, the RESA shall and hereby agrees to pay to the Seller and any successors, assigns, directors, officers, agents or subrogees the amounts of any and all claims, losses, damages, actions, proceedings, expenses, or liabilities, including reasonable legal fees and expenses and court costs, arising out of or in connection with their services in assisting with the provision or financing of the Project, but not due to the gross negligence or wrongful acts of such parties or breach of their obligations hereunder, including but not limited to claims, losses, damages, actions, proceedings, expenses, or liabilities arising out of (i) the use, maintenance, condition or management of, the Project by the RESA, (ii) any breach or default on the part of the RESA in the performance of any of its obligations under this Installment Sale Agreement or any other RESA Document, (iii) any act or negligence of the RESA or of any of its agents, contractors, servants, employees or licensees with respect to the Project, (iv) any act or negligence of any assignee or sublessee of the RESA with respect to the Project, (v) the Acquisition of the Project or the authorization of payment of the costs thereof by the RESA, (vi) the breach by the RESA of any representation or warranty of the RESA contained in this Installment Sale Agreement or made by the RESA in connection herewith, or (vii) their enforcing any covenants of the RESA in this Installment Sale Agreement. In case any action is brought against any party that may be entitled to payment in connection with any matter contemplated under this Section 6.3, and it notifies the RESA of the commencement thereof, the RESA will be entitled to participate in, and, to the extent that it chooses to do so, to assume the defense thereof (including the employment of counsel), and the RESA shall assume the payment of all fees and expenses relating to such defense and shall have the right to negotiate and consent to settlement thereof. Notwithstanding the foregoing, if the defendants in any such action include such an indemnified party and the RESA, or include more than one indemnified party, and there are legal defenses available to such an indemnified party that are different from or additional to those available to the RESA or another defendant indemnified party, and which are likely to cause a conflict of interest between the RESA and such indemnified party, or between other defendant indemnified parties, such inde...
Certain Payment Obligations. 32 7.1 Payment of Development Costs and Carried Costs.......................................... 32 7.2 Payment Procedures.......................................................................................... 32 7.3 Carried Costs Balance Payment........................................................................ 33 7.4 Post Closing Cash Payments............................................................................. 33 7.5 Certain Order of Payments................................................................................ 33 7.6 Total Cost Sharing Payments............................................................................ 34 ARTICLE VIII DEFAULTS.......................................................................................................... 34 8.1 Defaults............................................................................................................. 34 8.2 Certain Automatic Remedies for a Default....................................................... 35 8.3 Certain Other Remedies for a Default............................................................... 36 8.4 Cumulative and Additional Remedies............................................................... 36
