Common use of Company Required to Pay Costs in Event Proceeds Insufficient Clause in Contracts

Company Required to Pay Costs in Event Proceeds Insufficient. In the event that the proceeds of the Loan, the Lender Loan and the Required Equity Contribution are not sufficient to pay all costs of the Project, the Company shall, nonetheless and irrespective of the cause of such deficiency, complete the Project in accordance with the Plans and Specifications and pay all costs of such completion in full from its own funds.

Appears in 3 contracts

Samples: Loan Agreement (Guitammer Co), Loan Agreement (Guitammer Co), Loan Agreement (Guitammer Co)

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Company Required to Pay Costs in Event Proceeds Insufficient. In the event that the proceeds of the Loan, the Lender Loan and the Required Equity Contribution are not sufficient to pay all costs of the Project, the Company shall, nonetheless and irrespective of the cause of such deficiency, complete the Project in accordance with the Plans and Specifications and pay all costs of such completion in full from its own funds.

Appears in 2 contracts

Samples: Loan Agreement (Globalwise Investments Inc), Loan Agreement (Globalwise Investments Inc)

Company Required to Pay Costs in Event Proceeds Insufficient. In the event that the proceeds of the Loan, the Lender Loan and the Required Equity Contribution are not sufficient to pay all costs of the Project, the Company shallwill, nonetheless and irrespective of the cause of such deficiency, complete the Project in accordance with the Plans and Specifications and pay all costs of such completion in full from its own fundsfunds or other equity sources.

Appears in 1 contract

Samples: Loan Agreement (Phoenix International Life Sciences Inc)

Company Required to Pay Costs in Event Proceeds Insufficient. In the event that the proceeds of the Loan, Loan and the Lender Loan and the Required Equity Contribution are not sufficient to pay all costs of the Project, the Company shallwill, nonetheless and irrespective of the cause of such deficiency, complete the Project in accordance with the Plans and Specifications and pay all costs of such completion in full from its own funds.

Appears in 1 contract

Samples: Loan Agreement (Lesco Inc/Oh)

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Company Required to Pay Costs in Event Proceeds Insufficient. In the event that the proceeds of the Loan, the Lender Loan Senior Notes and the Required Equity Contribution are not sufficient to pay all costs of the Project, the Company shall, nonetheless and irrespective of the cause of such deficiency, complete the Project in accordance with the Plans and Specifications and pay all costs of such completion in full from its the Company's own funds.

Appears in 1 contract

Samples: Loan Agreement (PAV Republic, Inc.)

Company Required to Pay Costs in Event Proceeds Insufficient. In the event that the proceeds of the Loan, the Lender Loan and the Required Equity Contribution are not sufficient to pay all costs of the Project, the Company shall, nonetheless and irrespective of the cause of such deficiency, complete the Project in accordance with the Plans and Specifications and pay all costs of such completion in full from its own funds.

Appears in 1 contract

Samples: Loan Agreement (Dpac Technologies Corp)

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