Continuing Disclosure Requirements Sample Clauses

Continuing Disclosure Requirements. The Borrower hereby covenants and agrees that it will comply with and carry out all of its obligations under the Continuing Disclosure Agreement. Notwithstanding any other provision of this Loan Agreement, failure of the Borrower to comply with the Continuing Disclosure Agreement shall not be considered an Event of Default hereunder. The remedies available upon a default under the Continuing Disclosure Agreement are described therein. The Authority and the Borrower have agreed that no financial or operating data concerning the Authority is material to any decision to purchase, hold or sell the Bonds and have agreed that the Authority will not provide any such information. The Borrower has undertaken all responsibilities for any continuing disclosure to Bondholders as described in the Continuing Disclosure Agreement, and the Authority shall have no liability to the Holders of the Bonds or any other person with respect to such disclosure.
Sample 1
AutoNDA by SimpleDocs
Continuing Disclosure Requirements. The Corporation hereby covenants and agrees that it will comply with and carry out all of the provisions of the Continuing Disclosure Agreement. Notwithstanding any other provision of this Loan Agreement, failure of the Corporation to comply with the Continuing Disclosure Agreement shall not be considered an Event of Default hereunder. The remedies available upon a default under the Continuing Disclosure Agreement are described therein. The Authority and the Corporation have agreed that no financial or operating data concerning the Authority is material to any decision to purchase, hold or sell the Bonds and have agreed that the Authority will not provide any such information. The Corporation has undertaken all responsibilities for any continuing disclosure to Bondholders as described in the Continuing Disclosure Agreement, and the Authority shall have no liability to the Holders of the Bonds or any other person with respect to such disclosure.
Sample 1
Continuing Disclosure Requirements. The Borrower hereby covenants and agrees that, at least 30 days prior to any time the Bonds are to bear interest at a Reset Rate or Fixed Rate, it will promptly execute and deliver to the Trustee and the Issuer a continuing disclosure agreement complying with Securities and Exchange Commission Rule 15c2-12, as amended (the “Rule”), or deliver to the Trustee and the Issuer an opinion of Counsel to the effect that the requirements of the Rule are not triggered by the change in interest rate mode. Notwithstanding any other provision of this Financing Agreement, failure of the Borrower to comply with any continuing disclosure agreement shall not be considered an Event of Default; however, the Trustee, at the written request of any underwriter of the Bonds required to comply with the Rule or the holders or Beneficial Owners of at least 25% aggregate principal amount in Outstanding Bonds or the Credit Facility Provider, shall, but only to the extent indemnified to its satisfaction, or any Bondholder may take such actions as may be necessary and appropriate, including seeking specific performance by court order, to cause the Borrower to comply with its obligations under this Section 3.7.
Sample 1
Continuing Disclosure Requirements. The Corporation covenants that it will comply with the terms of any Continuing Disclosure Agreement executed and delivered in respect of any Bond; however, a breach of this covenant will not create an event of default under this Loan Agreement or the Bond Indenture.
Sample 1
Continuing Disclosure Requirements. An annual fee for the preparation and filing of continuing disclosure documents, including the annual Texas Debt Transparency filing and along with ongoing monitoring and filing of any additional notices as needed, will be billed for a fee of $5,000 per report per year.
Sample 1

Related to Continuing Disclosure Requirements

  • Continuing Disclosure The Creditor may be required to provide you with regular statements. The statements will give you information about your account. Statements will be provided every six months if required. What Could Happen if You Fail to Meet Your Commitments: Security interest The Creditor has an interest in the property listed below to secure performance of your obligations under the contract, or the payment of money payable under the contract, or both. If you fail to meet your commitments under the contract, including by granting a security interest over this property to another person, then to the extent of the security interest, the Creditor may be entitled to repossess and sell this property. If the sale of the property does not cover the whole of your liability to the Creditor, you will remain liable for the shortfall. Make: Model: Year: Registration No.: Chassis / Serial No.: Vin No: Colour: Default Interest Charges and Default FeesIn the event of a default in payment and while the default continues you must pay the Default Interest Charges. In the event of a breach of the contract or on the enforcement of the contract, the Default Fees specified below are payable. Your credit contract allows the Creditor to vary these fees and charges. Default Interest Charges Default interest is calculated at the rate of % per annum plus the annual interest rate referred to in the “Interest” section above. If you fail to make any payment (whether interest or otherwise) on the due date, you must, upon demand by the Creditor, pay the Creditor default interest on the overdue amount from the due date until the date that the Creditor receives full payment of that overdue amount. Default Fees $ dishonour fee, in respect of each payment which is dishonoured, or for which an automatic payment fails. The fee is payable and will be debited to your account at the time the relevant payment was due. $ late payment fee, in respect of each payment which is not made on its due date and remains outstanding for seven days after its due date. The fee is payable and will be debited to your account seven days after the due date for payment. $ repossession action fee, in respect of the Creditor commencing repossession of the Goods. The fee is payable and will be debited to your account at the time such repossession is commenced. $ post repossession fee. The fee is payable and will be debited to your account after realisation of the Goods or abandonment of realisation. An early repayment recovery amount as described in the “Full Prepayment” section below may be payable by you on the enforcement of the contract on demand by the Creditor. The method for calculating the early repayment recovery amount is further described in the General Conditions (Consumer). Costs incurred by the Creditor in connection with the enforcement of, taking advice on or taking any action pursuant to the contract, or otherwise in connection with the contract, are payable by you on demand by the Creditor on a full indemnity basis.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!