DEBTOR'S OBLIGATIONS Sample Clauses

DEBTOR'S OBLIGATIONS. 4.1 Debtor shall keep accurate and complete records and accounts in accordance with sound accounting practices of all of its Collateral, and shall at all reasonable times allow Secured Party to inspect the Collateral, to examine, audit or make extracts from Debtor’s books and records, and to arrange for verification of the Collateral under reasonable procedures directly with account debtors and other persons or by other procedures. Debtor will furnish to Secured Party on request additional statements of any account together with all notes or other documents and information relating thereto. 4.2 Debtor shall keep the Collateral insured against such casualties, and in such amounts and on such terms as Secured Party shall require and the policies shall provide for at least 30 days written notice of cancellation to Secured Party. Debtor shall furnish Secured Party with satisfactory evidence of such insurance and Secured Party shall be added to any such insurance as loss payee. Debtor shall promptly pay when due all taxes and assessments imposed on, or with respect to the Collateral, and shall maintain the Collateral in good condition and repair. If Debtor fails to pay the premiums on any such insurance or such taxes when due, or to maintain the Collateral in good condition and repair, the Secured Party may do so for Debtor’s account and add the amount of its expenditures with respect thereto to Debtor’s outstanding obligations, which amount shall be payable on demand with interest at the highest rate being paid by Debtor on any of its obligations to Secured Party. Secured Party shall have the right to settle and compromise any and all claims under any of the insurance policies required to be maintained by Debtor hereunder and Debtor hereby irrevocably appoints Secured Party as its attorney-in-fact, with power to demand, receive and receipt for all monies payable thereunder, to execute in the name of the Debtor any proof of loss, notice, draft, and other instruments in connection with such policies or loss thereunder and generally to do and perform any and all acts as Debtor could perform in connection with such policies. 4.3 Debtor shall execute such financing statements and other documentation and shall take any other actions (at Debtor’s own expense) as shall reasonably be requested by Secured Party in order to insure the attachment, perfection, and first priority of, and the ability of Secured Party to enforce, the security interests granted Secured Party h...

DEBTOR'S OBLIGATIONS. Debtor's obligations respecting an Item, except the related installment payment obligation which is governed by paragraph 3 below, commence upon the grant to Creditor of a security interest in the Item. Debtor's obligations with respect to an Item and Creditor's security interest will continue until full performance of all related obligations hereunder; provided, however, that if this Agreement is then in default, said obligations and security interest will continue during the continuance of said default. Upon termination of Creditor's security interest in an Item, Creditor will provide such release of interest with respect thereto as Debtor reasonably requests.

DEBTOR'S OBLIGATIONS. The obligations of Debtor to Secured Party, the performance and payment of which are secured by this Security Agreement, are as follows:

DEBTOR'S OBLIGATIONS. So long as the Note is outstanding, Debtor covenants and agrees with Secured Party (a) not to permit any material part of the Collateral to be levied upon under any legal process; (b) not to dispose of any of the Collateral without the prior written consent of Secured Party; (c) to comply with all applicable federal, state and local statutes, laws, rules and regulations, the noncompliance with which would have a material and adverse effect on the value of the Collateral; and (d) to pay all taxes accruing after the Closing Date which constitute, or may constitute, a lien against the Collateral, prior to the date when penalties or interest would attach to such taxes; provided, that Debtor may contest any such tax claim if done diligently and in good faith.

DEBTOR'S OBLIGATIONS. Unless otherwise specified in writing by BCA, the DEBTOR shall obligatorily: a. use the Credit Facility granted by BCA only for the purposes as described in Article 2.3 of this Credit Agreement; b. comply with all laws/acts, government regulations, policies, directives or instructions applicable to the DEBTOR; c. immediately notify BCA in writing of any case involving the DEBTOR, civil or state administrative case, or a tax claim, police investigation or a criminal case that will materially affect the business or assets of the DEBTOR; d. pay all expenses arising from and relating to the granting of the Credit Facility and the implementation of the terms and conditions of the Credit Agreement, in spite of non-use of such Credit Facility and/or of revocation of such Credit Agreement; e. provide all information sought by BCA relating to the granting of the Credit Facility; f. defend its rights over intellectual property, including copyright, patents and trademarks which are or will be owned by the DEBTOR; g. establish and maintain an accounting system, financial administration and supervision in accordance with the generally accepted accounting principles in Indonesia and continually applied in order to reasonably reflect the conditions of the assets, finances, and operating income of the DEBTOR; h. allow BCA or persons designated by BCA, on 7 (seven) Business Days’ prior notice, to, at any time, inspect activities, accounts and other records done and made by the DEBTOR; with the obligations of BCA or the parties designated by BCA to keep confidential any information gained, unless BCA is obliged to disclose, under law and statutory and regulatory provisions, by court order, at the instruction of any of governmental agencies, including the Bank of Indonesia; i. submit to BCA in the form and particulars acceptable to BCA: - annual financial statements (balance sheet and loss profit statement) audited by the Certified/Registered Public Accountant Office in the form of - long form audited report, to be obligatorily delivered by no later than 180 (one hundred eighty) days following the closing date of the fiscal year; - home statement (balance sheet and quarterly loss & profit statement), which shall obligatorily be delivered no later than 90 (ninety) days following the end of each reporting period; - copies/photocopies of the licenses and permits directly related to the DEBTOR’s primary lines of business in accordance with the applicable laws and regulations in ...

DEBTOR'S OBLIGATIONS. This Agreement secures the payment of all amounts and performance of all obligations of the Debtor (the "Obligations") as provided in (i) the License granted pursuant to Section 1.5 of the Asset Purchase Agreement between the Debtor and the Secured Party (the "Purchase Agreement"); and (ii) that certain Promissory Note in the principal amount of $1,700,000 from the Debtor to the Secured Party, dated the date hereof (the "Note").

DEBTOR'S OBLIGATIONS. The Obligations secured by this Security Agreement shall consist of all obligations of Debtors under the Guaranty and under any other Loan Document, and any Indebtedness of Debtor to any Lender in connection with any Hedge Transactions, whether now existing or hereafter arising, voluntary or involuntary, whether or not jointly owed with others, direct or indirect, absolute or contingent, liquidated or unliquidated, and whether or not from time to time decreased or extinguished and later increased, created or incurred.

DEBTOR'S OBLIGATIONS. The Debtor shall use its reasonable commercial efforts to obtain the entry of the Order and the consummation of the transactions contemplated hereby.

DEBTOR'S OBLIGATIONS. A. That he will pay to Secured Party: 1. The sum or sums evidenced by the promissory note executed along with this Security Agreement in accordance with the terms of the note dated the 20th day of December, 1994, in the amount of $4,500,000.00 ---- -------- ---- and