Covenant to perfect and provide further security Sample Clauses

Covenant to perfect and provide further security. (a) The Assignor will, whenever required by the Bank, execute in favour of the Bank (or as the Bank may direct) legal or other mortgages, charges, assignments, transfers, or agreements as required by the Bank of and on the Assignor‟s estate, assets, or business, which now or in future will belong to the Assignor (including any vendor‟s lien) and the benefit of all licences held in connection with such estate, assets, or business to secure the Indebtedness. (b) Such mortgages, charges, assignments, transfers, or agreements will be prepared by or on behalf of the Bank at the Borrower‟s and/or the Assignor‟s cost, and will contain all terms and conditions required by the Bank to protect its interest.
Sample 1
AutoNDA by SimpleDocs
Covenant to perfect and provide further security. (a) The Customer and/or the Chargor will, whenever required by the Chargee, execute in favour of the Chargee (or as the Chargee may direct) legal or other mortgages, charges, assignments, transfers, or agreements as required by the Chargee of and on the Customer’s and/or the Chargor’s estate, assets, or business, which now or in future will belong to the Customer and/or the Chargor (including any vendor’s lien) and the benefit of all licences held in connection with such estate, assets, or business to secure the Indebtedness. (b) Such mortgages, charges, assignments, transfers, or agreements will be prepared by or on behalf of the Chargee at the Customer’s and/or the Chargor’s cost, and will contain all terms and conditions required by the Chargee to protect its interest.
Sample 1Sample 2
Covenant to perfect and provide further security. (a) The Borrower will, whenever required by the Bank, execute or cause the Security Party to execute in favour of the Bank (or as the Bank may direct) legal or other mortgages, charges, assignments, transfers, or agreements as required by the Bank of and on the Borrower‟s and/or the Security Party‟s estate, assets, or business, which now or in future will belong to the Borrower and/or the Security Party (including any vendor‟s lien) and the benefit of all licences held in connection with such estate, assets, or business to secure the Indebtedness. (b) Such mortgages, charges, assignments, transfers, or agreements will be prepared by or on behalf of the Bank at the Borrower‟s cost, and will contain all terms and conditions required by the Bank to protect its interest.
Sample 1
Covenant to perfect and provide further security. (a) The Customer will, whenever required by the Bank, execute or cause the Security Party to execute in favour of the Bank (or as the Bank may direct) such legal or other mortgages, charges, assignments, transfers, or agreements as required by the Bank of and on the Customer’s and/or the Security Party’s estate, assets, or business, which now or in future will belong to the Customer and/or the Security Party (including any vendor’s lien) and the benefit of all licences held in connection with such estate, assets, or business to secure the Indebtedness. (b) Such mortgages, charges, assignments, transfers, or agreements will be prepared by or on behalf of the Bank by the Bank’s solicitors at the Customer’s cost, and will contain all terms and conditions required by the Bank to protect its interest.
Sample 1
Covenant to perfect and provide further security. 6.6.1 The Customer will, whenever required by the Bank, execute in favour of the Bank (or as the Bank may direct) all such legal or other mortgages, charges, assignments, transfers, or agreements as required by the Bank of and on the Customer’s estate, assets, or business, which now or in future will belong to the Customer (including any vendor’s lien) and the benefit of all licenses held in connection with such estate, assets, or business to secure the Indebtedness. 6.6.2 Such mortgages, charges, assignments, transfers, or agreements will be prepared by or on behalf of the Bank at the Customer’s cost, and will contain all terms and conditions required by the Bank to protect its interest.
Sample 1
Covenant to perfect and provide further security. 9.2.1 The Borrower will, whenever required by the Bank, execute or cause the Security Party to execute in favour of the Bank (or as the Bank may direct) such legal or other mortgages, charges, assignments, transfers, or agreements as required by the Bank of and on the Borrower’s and/or the Security Party’s estate, assets, or business, which now or in future will belong to the Borrower and/or the Security Party (including any vendor’s lien) and the benefit of all licenses held in connection with such estate, assets, or business to secure the Indebtedness. 9.2.2 Such mortgages, charges, assignments, transfers, or agreements will be prepared by or on behalf of the Bank by the Bank’s solicitors at the Borrower’s cost, and will contain all terms and conditions required by the Bank to protect its interest.
Sample 1
Covenant to perfect and provide further security. (a) The Borrower and/or the Assignor will, whenever required by the Bank, execute in favour of the Bank (or as the Bank may direct) legal or other mortgages, charges, assignments, transfers, or agreements as required by the Bank of and on the Borrower‟s and/or the Assignor‟s estate, assets, or business, which now or in future will belong to the Borrower and/or the Assignor (including any vendor‟s lien) and the benefit of all licences held in connection with such estate, assets, or business to secure the Indebtedness. (b) Such mortgages, charges, assignments, transfers, or agreements will be prepared by or on behalf of the Bank at the Borrower‟s and/or the Assignor‟s cost, and will contain all terms and conditions required by the Bank to protect its interest.
Sample 1
AutoNDA by SimpleDocs
Covenant to perfect and provide further security. (a) The Customer and/or the Assignor will, whenever required by the Bank, execute in favour of the Bank (or as the Bank may direct) legal or other mortgages, charges, assignments, transfers, or agreements as required by the Bank of and on the Customer’s and/or the Assignor’s estate, assets, or business, which now or in future will belong to the Customer and/or the Assignor (including any vendor’s lien) and the benefit of all licences held in connection with such estate, assets, or business to secure the Indebtedness. LEG/i-024 DOA(RP)(01/18) (b) Such mortgages, charges, assignments, transfers, or agreements will be prepared by or on behalf of the Bank at Customer’s and/or the Assignor’s cost, and will contain all terms and conditions required by the Bank to protect its interest.
Sample 1
Covenant to perfect and provide further security. 26.1 The Borrower will, whenever required by the Bank, execute in favour of the Bank (or as the Bank may direct) all such legal or other mortgages, charges, assignments, transfers, or agreements as required by the Bank of and on the Borrower’s estate, assets, or business, which now or in future will belong to the Borrower (including any vendor’s lien) and the benefit of all licenses held in connection with such estate, assets, or business to secure the Indebtedness. 26.2 Such mortgages, charges, assignments, transfers, or agreements will be prepared by or on behalf of the Bank at the Borrower’s cost, and will contain all terms and conditions required by the Bank to protect its interest. 26.3 If any of the events described in Section 8.1 occurs, the Bank shall be entitled (after serving seven (7) calendar days’ advance notice to the Borrower) to demand the Borrower to pay to the Bank such amount in cash to cover all the Borrower’s contingent liabilities to the Bank.
Sample 1

Related to Covenant to perfect and provide further security

  • Landlord’s Right to Perform Tenant’s Covenants Tenant covenants and agrees that, if it shall at any time fail to make any payment or perform any other act on its part to be made or performed as in this Lease provided, then Landlord, in its sole discretion may after due notice to, or demand upon, Tenant and subject to the limitations set forth below, make any payment or perform any other act on the part of Tenant to be made and performed as in this Lease provided, in such manner and to such extent as Landlord may reasonably deem desirable, and in exercising any such rights, Landlord may pay necessary and incidental costs and expenses, employ counsel, and incur and pay reasonable attorneys’ fees. The making of any such payment or the performing of any other act by Landlord pursuant to this Article shall not waive, or release Tenant from, any obligations of Tenant in this Lease contained. All sums so paid by Landlord and all reasonably necessary and incidental costs and expenses in connection with the performance of any such act by Landlord shall, except as otherwise in this Lease expressly provided, be payable to Landlord on demand, and Tenant covenants to pay any such sum or sums promptly, and Landlord shall have (in addition to any other right or remedy of Landlord) the same rights and remedies in the event of the non-payment thereof by Tenant as in the case of default by Tenant in the payment of the Base Rent. Whenever practicable, Landlord, before proceeding as provided in this Section 12.4, shall give Tenant notice in writing of the failure of Tenant which Landlord proposes to remedy, and shall allow Tenant such length of time as may be reasonable in the circumstances, consistent with any grace periods contained herein, but not exceeding 30 days from the giving of notice, to remedy the failure itself and, if Tenant shall not remedy the failure in the time so allowed, Landlord shall be deemed to have given “due notice” and may proceed as provided in this Section 12.4; provided that nothing in this Section shall prevent Landlord from acting without notice to Tenant in case of any emergency wherein there is danger to property or person or where there may exist any violation of legal requirements including but not limited to the presence of Hazardous Materials, in which event no notice shall be required.

  • Landlord’s Right to Perform Except as specifically provided otherwise in this Lease, all covenants and agreements by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any abatement or offset of Rent. If Tenant shall fail to pay any sum of money (other than Base Rent) or perform any other act on its part to be paid or performed hereunder and such failure shall continue for three (3) days with respect to monetary obligations (or ten (10) days with respect to non-monetary obligations, except in case of emergencies, in which such case, such shorter period of time as is reasonable under the circumstances) after Tenant’s receipt of written notice thereof from Landlord, Landlord may, without waiving or releasing Tenant from any of Tenant’s obligations, make such payment or perform such other act on behalf of Tenant. All sums so paid by Landlord and all necessary incidental costs incurred by Landlord in performing such other acts shall be payable by Tenant to Landlord within five (5) days after demand therefor as Additional Rent.

  • Your Rights and Our Responsibilities After We Receive Your Written Notice We must acknowledge your letter within 30 days, unless we have corrected the error by then. Within 90 days, we must either correct the error or explain why we believe the bill was correct. After we receive your letter, we cannot try to collect any amount you question, or report you as delinquent. We can continue to bill you for the amount you question, including finance charges and we can apply any unpaid amount against your credit limit. You do not have to pay any questioned amount while we are investigating, but you are still obligated to pay the parts of your bill that are not in question. If we find that we made a mistake on your bill, you will not have to pay any finance charges related to any questioned amount. If we didn’t make a mistake, you may have to pay finance charges, and you will have to make up any missed payments on the questioned amount. In either case, we will send you a statement of the amount you owe and the date that it is due. If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if our explanation does not satisfy you and you write to us within ten days telling us that you still refuse to pay, we must tell anyone we report you to that you have a question about your bill. In addition, we must tell you the name of anyone we reported you to. Upon settlement of a disputed bill, we must notify anyone we reported you to that the matter has been settled. If we don’t follow these rules, we can’t collect the first $50 of the questioned amount, even if your bill was correct.

  • Right to Perform If Tenant shall fail to pay any sum of money, other than Base Rent or Additional Rent, required to be paid by it under this Lease or shall fail to perform any other act on its part to be performed under this Lease, and such failure shall continue for ten (10) Business Days after notice of such failure by Landlord, or such shorter time if reasonable under the circumstances, Landlord may, but shall not be obligated to, and without waiving or releasing Tenant from any obligations of Tenant, make such payment or perform such other act on Tenant's part to be made or performed as provided in this Lease. Landlord shall have (in addition to any other right or remedy of Landlord) the same rights and remedies in the event of the nonpayment of sums due under this paragraph as in the case of default by Tenant in the payment of Base Rent.

  • Lender’s Right to Perform If any Loan Party fails to perform any covenant or obligation contained herein and such failure shall continue for a period of five (5) Business Days after Borrower’s receipt of written notice thereof from Lender, without in any way limiting Lender’s right to exercise any of its rights, powers or remedies as provided hereunder, or under any of the other Loan Documents, Lender may, but shall have no obligation to, perform, or cause the performance of, such covenant or obligation, and all costs, expenses, liabilities, penalties and fines of Lender incurred or paid in connection therewith shall be payable by Borrower to Lender upon demand and if not paid shall be added to the Obligations (and to the extent permitted under applicable laws, secured by the Mortgages and the other Collateral Documents) and shall bear interest thereafter at the Default Rate. Notwithstanding the foregoing, Lender shall have no obligation to send notice to Borrower of any such failure.

  • Lessor's Right to Perform for Lessee If Lessee fails to make any payment of Rent required to be made by it hereunder or fails to perform or comply with any of its agreements contained herein, then (but in each case, except in the case of failure to pay Rent or in the case of failure to maintain insurance as required hereunder, no earlier than the fifteenth day after the occurrence of such failure, whether or not it shall yet constitute an Event of Default hereunder) Lessor may itself make such payment or perform or comply with such agreement but shall not be obligated hereunder to do so, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or the performance of or compliance with such agreement, as the case may be, together with interest thereon at the Past Due Rate, shall be deemed Supplemental Rent, payable by Lessee upon demand.

  • Right to Refuse Dangerous Work An employee shall have the right to refuse to work in dangerous situations.

  • LANDLORD'S RIGHT TO PERFORM TENANT'S OBLIGATIONS (a) Without limiting the rights and remedies of Landlord contained in Sections 20.2 and 20.3 above, if Tenant shall be in default in the performance of any of the terms, provisions, covenants or conditions to be performed or complied with by Tenant pursuant to this Lease, then Landlord may at Landlord’s option, without any obligation to do so, and without notice to Tenant perform any such term, provision, covenant, or condition, or make any such payment and Landlord by reason of so doing shall not be liable or responsible for any loss or damage thereby sustained by Tenant or anyone holding under or through Tenant or any of Tenant’s Agents. (b) Without limiting the rights of Landlord under Sections 20.2 and 20.3 above, Landlord shall have the right at Landlord’s option, without any obligation to do so, to perform any of Tenant’s covenants or obligations under this Lease without notice to Tenant in the case of an emergency, as determined by Landlord in its sole and absolute judgment, or if Landlord determines, in its sole and absolute judgment, that such action is necessary or desirable to avoid imminent harm to the Premises or any persons. (c) If Landlord performs any of Tenant’s obligations hereunder in accordance with this Section 20.4, the full amount of the cost and expense incurred or the payment so made or the amount of the loss so sustained shall immediately be owing by Tenant to Landlord, and Tenant shall promptly pay to Landlord upon demand, as Additional Charges, the full amount thereof with interest thereon from the date of payment by Landlord at the lower of (i) ten percent (10%) per annum, or (ii) the highest rate permitted by applicable law.

  • Breach of Representations, Etc Any representation, warranty or certification made or deemed made by any Credit Party in any Credit Document or in any statement or certificate at any time given by any Credit Party or any of its Subsidiaries in writing pursuant hereto or thereto or in connection herewith or therewith shall be false in any material respect as of the date made or deemed made; or

  • Right to Refuse Unsafe Work Employees have the right to refuse to perform unsafe work pursuant to the Occupational Health and Safety Regulations of the Workers Compensation Act.

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