Compliance with Financial Obligations Sample Clauses

Compliance with Financial Obligations. The Credit Parties shall be in compliance with all existing material financial obligations owed to third parties.
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Compliance with Financial Obligations. As of the Closing Date, ------------------------------------- and after giving effect to the Disposition, each of the Borrower, IFG and the Subsidiaries of the Borrower and IFG shall be in compliance with all of their respective existing financial obligations;
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Compliance with Financial Obligations. As of the Closing Date, each of Borrower and the Subsidiaries of Borrower shall be in compliance with all of their respective existing financial obligations;
Sample 1
Compliance with Financial Obligations. The Agents shall be satisfied that no defaults exist and are continuing with respect to any Indebtedness that will survive subsequent to the Closing Date, after giving effect to the Transaction.
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Compliance with Financial Obligations. There shall not have occurred (i) any payment default (after giving effect to any applicable notice and/or cure periods), or (ii) any non-payment default pursuant to which the applicable lender has exercised its right to accelerate the maturity date thereof under (x) any Indebtedness for borrowed money that is recourse, directly or indirectly, to Ashford REIT or Ashford OP, unless a cure of such default shall have been accepted, or such default shall have been waived, by the holder of such Indebtedness or (y) any other Indebtedness for borrowed money that is non-recourse to Ashford REIT, Ashford OP or any Affiliate or Subsidiary of Ashford REIT or Ashford OP (or any Person comprising any of such Persons or any of their respective Affiliates), and, in connection with any enforcement action or exercise or assertion by or on behalf of the lender of any right or remedy with respect to any default or event of default under such non-recourse Indebtedness, the related borrower or borrowers shall (A) in bad faith seek any defense, judicial intervention or injunctive or other equitable relief of any kind, or assert in a pleading filed in connection with a judicial proceeding any defense against such lender or any right in connection with any security for such Indebtedness or (B) file a voluntary petition or file an answer consenting to, or otherwise acquiescing in, or joining in, any involuntary petition filed against it by any other Person under the Bankruptcy Code or any other federal or state bankruptcy or insolvency law, or solicit or cause to be solicited petitioning creditors for any involuntary petition from any Person.
Sample 1
Compliance with Financial Obligations. As of the Effective Date, each of Borrower and its Subsidiaries shall be in compliance with all of their respective existing financial obligations;
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Compliance with Financial Obligations. A certificate from each of the Credit Parties executed by a Responsible Officer of such Credit Party certifying that such Credit Party is in compliance with all of its existing financial obligations;
Sample 1
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Compliance with Financial Obligations. Borrower shall be in compliance with all of their respective existing financial obligations.
Sample 1

Related to Compliance with Financial Obligations

  • Compliance with Obligations Buyer must have performed and complied with all its covenants and obligations required by this Agreement to be performed or complied with at or prior to Closing (singularly and in the aggregate) in all material respects.

  • Compliance with Financial Covenants Schedule A attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct.

  • COMPLIANCE WITH LEGAL OBLIGATIONS Contractor shall procure and maintain for the duration of this Contract any state, county, city or federal license, authorization, waiver, permit, qualification or certification required by statute, ordinance, law, or regulation to be held by Contractor to provide the goods or services required by this Contract. Contractor will be responsible to pay all taxes, assessments, fees, premiums, permits, and licenses required by law. Real property and personal property taxes are the responsibility of Contractor in accordance with NRS 361.157 and 361.159. Contractor agrees to be responsible for payment of any such government obligations not paid by its subcontractors during performance of this Contract.

  • Payment of Financial Obligations The payment or provision to the Executive by the Company of any remuneration, benefits or other financial obligations pursuant to this Agreement shall be allocated among the Operating Partnership, the REIT and any subsidiary or affiliate thereof in such manner as such entities determine in order to reflect the services provided by the Executive to such entities; provided, however, that the Operating Partnership and the REIT shall be jointly and severally liable for such obligations.

  • Compliance with Laws and Agreements; No Default Except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, each Loan Party and each Subsidiary is in compliance with (i) all Requirements of Law applicable to it or its property and (ii) all indentures, agreements and other instruments binding upon it or its property. No Default has occurred and is continuing.

  • FINANCIAL OBLIGATIONS There will be no transfer of funds between the Parties under this Agreement and each Party will fund its own participation. All activities under or pursuant to this Agreement are subject to the availability of funds, and no provision of this Agreement shall be interpreted to require obligation or payment of funds in violation of the Anti-Deficiency Act, (31 U.S.C. § 1341).

  • Compliance with Loan Documents Borrowers will comply in all material respects with any and all covenants and provisions of this Loan Agreement, the Notes and all other of the Loan Documents.

  • Compliance with Agreements and Covenants Purchaser shall have performed and complied in all material respects with all of its covenants, obligations and agreements contained in this Agreement to be performed and complied with by it on or prior to the Closing Date.

  • Compliance with Material Agreements Borrower shall, and shall cause each of its Subsidiaries to, comply in all material respects with all Senior Documents, material agreements, indentures, mortgages or documents binding on it or affecting its properties or business.

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