Common use of COMMITMENTS OF THE DEBTOR Clause in Contracts

COMMITMENTS OF THE DEBTOR. Until the loan has been repaid in full, the Debtor shall: a) ensure that the hypothecated property, above, is free at all times from any priority, hypothec or charge that may rank higher than the rights of the Creditor, except, as the case may be, those stated below, and to remit to the Creditor and La Financière agricole, on request and at his own expense, any waiver, cession of rank, discharge or release that they may deem necessary to maintain the primacy of the rights of the Creditor over the hypothecated property; b) immediately pay to the lessor the rent of any farm operation the lease of which is required in the certificate, and pay any taxes, assessments, apportionments, and other land taxes encumbering the rented property, if such is a condition of the lease, and hand over to the Creditor the receipts attesting payment thereof within fifteen (15) days of the due date; c) obtain prior authorization from La Financière agricole to validate the release, with or without consideration, of any security taken for the loan under this agreement, to be granted subsequently by the Creditor; d) comply with all laws, regulations or by-laws pertaining to the protection of the environment, be they federal, provincial or municipal, and in particular: obtain, where necessary, any permit, licence or authorization certificate issued under these laws, regulations or by-laws; take all necessary measures to ensure that the immovable is at all times in conformity with those laws, regulations and by-laws, and provide the Creditor and La Financière agricole, upon request, with any certificate of conformity issued for such purpose; allow the Creditor and La Financière agricole to inspect or have the building inspected to ensure compliance of environmental standards and allow them access to the immovable for this purpose, upon request; notify the Creditor and La Financière agricole as soon as a notice or an order issued in accordance with such laws, regulations or by-laws is served on him or registered against the immovable and provide them with a copy of such notice or order; immediately take all the necessary measures to remedy the default specified in the notice or order or to obtain, as the case may be, the cancelling of the claim against the immovable; notify the Creditor and La Financière agricole as soon as civil or criminal proceedings are instituted against him because he did not fulfil his environmental obligations; take the necessary measures to ensure that his activities are in compliance with the various standards stipulated in those laws, regulations and by-laws; pay, in all cases, the costs resulting from the obligations set out in this paragraph. The Creditor may, also at the expense of the Debtor, take all necessary measures to ensure that the immovable complies with environmental standards; e) provide the Creditor and La Financière agricole, at the Debtor's expense, with all the information and documents deemed necessary.

COMMITMENTS OF THE DEBTOR. Until the loan has been repaid in full, the Debtor shall: a) ensure that the hypothecated property, above, is free at all times from any priority, hypothec or charge that may rank higher than the rights of the Creditor, except, as the case may be, those stated below, and to remit to the Creditor and La Financière agricole, on request and at his own expense, any waiver, cession of rank, discharge or release that they may deem necessary to maintain the primacy of the rights of the Creditor over the hypothecated property; b) immediately pay to the lessor the rent of any farm operation the lease of which is required in the certificate, and pay any taxes, assessments, apportionments, and other land taxes encumbering the rented property, if such is a condition of the lease, and hand over to the Creditor the receipts attesting payment thereof within fifteen (15) days of the due date; c) obtain prior authorization from La Financière agricole to validate the release, with or without consideration, of any security taken for the loan under this agreement, to be granted subsequently by the Creditor; d) comply with all laws, regulations or by-laws pertaining to the protection of the environment, be they federal, provincial or municipalprovincial, and in particular: municipal laws and regulations, including, but not limited to, environmental, land protection, animal welfare, and labour and human rights laws and regulations, and specifically obtain, where necessary, any certificate of authorization, permit, licence or authorization certificate certification issued under these laws, regulations or by-lawslaws and regulations; take all such steps as may be necessary measures to ensure that his business and the immovable is assets on which he has issued guarantees comply at all times with the various standards set out in conformity with those laws, these laws and regulations and by-laws, and provide the Creditor and La Financière agricole, upon request, with any certificate of conformity document that may be issued for such purposein this regard; where applicable, allow the Creditor and La Financière agricole to inspect or cause to have inspected the building inspected Debtor’s business and the assets on which the Creditor has issued guarantees in order to ensure compliance of environmental with the standards enacted under these laws and regulations, and, upon request, allow them access to the immovable for this purpose; where applicable, upon request; notify the Creditor and La Financière agricole as soon as forthwith after a notice judgment, notice, or an order issued in accordance with under such laws, laws and regulations or by-laws is served on him the Debtor or registered is published against the immovable his assets and provide them with a copy of such notice judgment, notice, or order; immediately where applicable, promptly take all the necessary measures steps to remedy the default specified defect alleged in the notice or order or or, where applicable, to obtain, as obtain the case may be, the cancelling cancellation of the claim their publication against the immovable; notify the Creditor and La Financière agricole as soon as civil or criminal proceedings are instituted against him because he did not fulfil his environmental obligationsassets; take the necessary measures to ensure that his the activities he performs are carried out in compliance accordance with the various standards stipulated in those laws, regulations enacted by these laws and by-lawsregulations; pay, - in all cases, pay the costs resulting from the obligations set out provided for in this paragraph. The Creditor maymay also take the necessary measures, also at the expense of the Debtor’s expense, take all necessary measures to ensure that his assets comply with the immovable complies with environmental standardsstandards enacted under these laws and regulations; e) provide the Creditor and La Financière agricole, at the Debtor's expense, with all the information and documents deemed necessary.

COMMITMENTS OF THE DEBTOR. Until the loan has been repaid in full, the Debtor shall: a) ensure that the hypothecated property, above, is free at all times from any priority, hypothec or charge that may rank higher than the rights of the Creditor, except, as the case may be, those stated below, and to remit to the Creditor and La Financière agricole, on upon request and at his own expense, any waiver, cession of rank, discharge or release that they may deem necessary to maintain the primacy of the rights of the Creditor over the hypothecated property; b) immediately pay to the lessor the rent of any farm operation the lease of which is required in the certificate, and pay any taxes, assessments, apportionments, and other land taxes encumbering the rented property, if such is a condition of the lease, and hand over to the Creditor the receipts attesting payment thereof within fifteen (15) days of the due date; c) if La Financière agricole makes a request, require that the purchaser assume, in whole or in part, personally and solidarily with him and, if necessary, solidarily with any co-owner, the payment of the loan as well as the obligations took by the original Debtor, without novation. The Debtor undertakes to provide to the Creditor, at his own expense, a copy bearing a registration certificate, if necessary, of any deed of transfer of the property. The Debtor undertakes to provide to the Creditor, at his own expense, a certified copy of a notice of preservation of hypothec under the purchaser's name and proof that it was sent to him, registered within the time prescribed under article 2700 of the Civil Code of Québec; d) obtain prior authorization from La Financière agricole to validate for the releaserelease by the Creditor of any Debtor or the release by the Creditor, with or without consideration, of any security taken for under the loan under this agreement, to be granted subsequently by the Creditorpresent; de) comply with all laws, regulations or by-laws pertaining to the protection of the environment, be they federal, provincial or municipal, and in particular: - obtain, where necessary, any permit, licence or authorization certificate issued under these laws, regulations or by-laws; - take all necessary measures to ensure that the immovable is at all times in conformity with those laws, regulations and by-laws, and provide the Creditor and La Financière agricole, upon request, with any certificate of conformity issued for such purpose; - allow the Creditor and La Financière agricole to inspect or have the building inspected to ensure compliance of environmental standards and allow them access to the immovable for this purpose, upon request; - notify the Creditor and La Financière agricole as soon as a notice or an order issued in accordance with such laws, regulations or by-laws is served on him or registered against the immovable and provide them with a copy of such notice or order; - immediately take all the necessary measures to remedy the default specified in the notice or order or to obtain, as the case may be, the cancelling of the claim against the immovable; - notify the Creditor and La Financière agricole as soon as civil or criminal proceedings are instituted against him because he did not fulfil his environmental obligations; - take the necessary measures to ensure that his activities are in compliance with the various standards stipulated in those laws, regulations and by-laws; - pay, in all cases, the costs resulting from the obligations set out in this paragraph. The Creditor may, also at the expense of the Debtor, take all necessary measures to ensure that the immovable complies with environmental standards; ef) provide the Creditor and La Financière agricole, at the Debtor's expense, with all the information and documents deemed necessary.

COMMITMENTS OF THE DEBTOR. Until the loan has been repaid in full, the Debtor shall: a) ensure that the hypothecated property, above, is free at all times from any priority, hypothec or charge that may rank higher than the rights of the Creditor, except, as the case may be, those stated below, and to remit to the Creditor and La Financière agricole, on upon request and at his own expense, any waiver, cession of rank, discharge or release that they may deem necessary to maintain the primacy of the rights of the Creditor over the hypothecated property; b) immediately pay to the lessor the rent of any farm operation the lease of which is required in the certificate, and pay any taxes, assessments, apportionments, and other land taxes encumbering the rented property, if such is a condition of the lease, and hand over to the Creditor the receipts attesting payment thereof within fifteen (15) days of the due date; c) if La Financière agricole makes a request, require that the purchaser assume, in whole or in part, personally and solidarily with him and, if necessary, solidarily with any co-owner, the payment of the loan as well as the obligations took by the original Debtor, without novation. The Debtor undertakes to provide to the Creditor, at his own expense, a copy bearing a registration certificate, if necessary, of any deed of transfer of the property. The Debtor undertakes to provide to the Creditor, at his own expense, a certified copy of a notice of preservation of hypothec under the purchaser's name and proof that it was sent to him, registered within the time prescribed under article 2700 of the Civil Code of Québec; d) obtain prior authorization from La Financière agricole to validate for the releaserelease by the Creditor of any Debtor or the release by the Creditor, with or without consideration, of any security taken for under the loan under this agreement, to be granted subsequently by the Creditorpresent; de) comply with all laws, regulations or by-laws pertaining to the protection of the environment, be they federal, provincial or municipalprovincial, and in particular: municipal laws and regulations, including, but not limited to, environmental, land protection, animal welfare, and labour and human rights laws and regulations, and specifically obtain, where necessary, any certificate of authorization, permit, licence or authorization certificate certification issued under these laws, regulations or by-lawslaws and regulations; take all such steps as may be necessary measures to ensure that his business and the immovable is assets on which he has issued guarantees comply at all times with the various standards set out in conformity with those laws, these laws and regulations and by-laws, and provide the Creditor and La Financière agricole, upon request, with any certificate of conformity document that may be issued for such purposein this regard; where applicable, allow the Creditor and La Financière agricole to inspect or cause to have inspected the building inspected Debtor’s business and the assets on which the Creditor has issued guarantees in order to ensure compliance of environmental with the standards enacted under these laws and regulations, and, upon request, allow them access to the immovable for this purpose; where applicable, upon request; notify the Creditor and La Financière agricole as soon as forthwith after a notice judgment, notice, or an order issued in accordance with under such laws, laws and regulations or by-laws is served on him the Debtor or registered is published against the immovable his assets and provide them with a copy of such notice judgment, notice, or order; immediately where applicable, promptly take all the necessary measures steps to remedy the default specified defect alleged in the notice or order or or, where applicable, to obtain, as obtain the case may be, the cancelling cancellation of the claim their publication against the immovable; notify the Creditor and La Financière agricole as soon as civil or criminal proceedings are instituted against him because he did not fulfil his environmental obligationsassets; take the necessary measures to ensure that his the activities he performs are carried out in compliance accordance with the various standards stipulated in those laws, regulations enacted by these laws and by-lawsregulations; pay, - in all cases, pay the costs resulting from the obligations set out provided for in this paragraph. The Creditor maymay also take the necessary measures, also at the expense of the Debtor’s expense, take all necessary measures to ensure that his assets comply with the immovable complies with environmental standardsstandards enacted under these laws and regulations; ef) provide the Creditor and La Financière agricole, at the Debtor's expense, with all the information and documents deemed necessary.

COMMITMENTS OF THE DEBTOR. Until the loan has been repaid in full, the Debtor shall: a) ensure that the hypothecated property, above, is free at all times from any priority, hypothec or charge that may rank higher than the rights of the Creditor, except, as the case may be, those stated below, and to remit to the Creditor and La Financière agricole, on request and at his own expense, any waiver, cession of rank, discharge or release that they may deem necessary to maintain the primacy of the rights of the Creditor over the hypothecated property; b) immediately pay to the lessor the rent of any farm operation the lease of which is required in the certificate, and pay any taxes, assessments, apportionments, and other land taxes encumbering the rented property, if such is a condition of the lease, and hand over to the Creditor the receipts attesting payment thereof within fifteen (15) days of the due date; c) obtain prior authorization from La Financière agricole to validate the release, with or without consideration, of any security taken for the loan under this agreement, to be granted subsequently by the Creditor; d) comply with all laws, regulations or by-laws pertaining to the protection of the environment, be they federal, provincial or municipal, and in particular: - obtain, where necessary, any permit, licence or authorization certificate issued under these laws, regulations or by-laws; - take all necessary measures to ensure that the immovable is at all times in conformity with those laws, regulations and by-laws, and provide the Creditor and La Financière agricole, upon request, with any certificate of conformity issued for such purpose; - allow the Creditor and La Financière agricole to inspect or have the building inspected to ensure compliance of environmental standards and allow them access to the immovable for this purpose, upon request; - notify the Creditor and La Financière agricole as soon as a notice or an order issued in accordance with such laws, regulations or by-laws is served on him or registered against the immovable and provide them with a copy of such notice or order; - immediately take all the necessary measures to remedy the default specified in the notice or order or to obtain, as the case may be, the cancelling of the claim against the immovable; - notify the Creditor and La Financière agricole as soon as civil or criminal proceedings are instituted against him because he did not fulfil his environmental obligations; - take the necessary measures to ensure that his activities are in compliance with the various standards stipulated in those laws, regulations and by-laws; - pay, in all cases, the costs resulting from the obligations set out in this paragraph. The Creditor may, also at the expense of the Debtor, take all necessary measures to ensure that the immovable complies with environmental standards; e) provide the Creditor and La Financière agricole, at the Debtor's expense, with all the information and documents deemed necessary.