Common use of Covenant to pay Secured Liabilities Clause in Contracts

Covenant to pay Secured Liabilities. The Owner covenants with the Lender: (a) duly and punctually to pay the Secured Liabilities; and (b) to observe and perform all its other obligations under the Finance Documents.

Covenant to pay Secured Liabilities. The Owner covenants with the Lender: (a) duly and punctually to pay the Secured Liabilities; and (b) to observe and perform all its other obligations under the Finance DocumentsDocuments Provided that every payment which either Borrower makes in accordance with the Loan Agreement or the Master Agreement shall pro tanto satisfy the Owner’s liabilities under 2.1(a).