Landlord Payment Obligations Sample Clauses

Landlord Payment Obligations. Owner agrees to keep all mortgages, AOAO fees, dues, property taxes, insurance and any and all other obligations that Owner is liable for, current and fully paid. In the event Agent is put on notice, from any source, which the Owner is in default of said obligations and the Property is subject to a foreclosure action, or such action is threatened, by any lender or homeowner’s association, Owner authorized Agent to freeze all owner related funds, and Agent will not make any further disbursements to the Owner. Owner will have Thirty (30) Days to correct and bring all such obligations current. Should the Owner fail to terminate the foreclosure action, or the threat thereof, this shall be considered a default of this Agreement by the Owner and Agent may immediately terminate this Agreement, without further notice to the Owner. Owner shall be subject to the Termination Expenses as stated in Paragraph VIII, B., below. In such event, Owner authorizes Agent to release the tenant from their rental agreement and finalize collection of rents and the return of any security deposit. Agent is further authorized to deduct from any funds in Owner’s account, any and all fees and expenses due and owing to the Agent.
Sample 1
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Related to Landlord Payment Obligations

  • Tenant Obligations During the term of this Contract, Tenant will:

  • Client Obligations 3.1 The Client shall:

  • STUDENT OBLIGATIONS The student agrees to use the property as his or her personal residence. The student shall maintain the interior of the property in a reasonably clean and safe condition, use reasonable care in consumption of utilities and services furnished by the landlord, and avoid unreasonable noise or other disruption of the privacy and peaceful enjoyment of the premises by the landlord and other students. The student shall be responsible for any damage to the property beyond reasonable wear and tear by the student, members of the student's family, or persons invited on the property by the student. The student shall not make, or cause to be made, any alterations to the property or its contents without first obtaining the written consent of the landlord. The student agrees to notify the landlord in writing about any needed repairs or violations of the Honor Code or Residential Living Standards involving other students or residents. *The BYU Student agrees to update their residential address on myBYU each semester/term, failure to do so will result in non-compliance fees of up to $175 and housing holds affecting their ability to register.

  • Recipient Obligations 2.1 The Recipient agrees to support the Project in accordance with this Agreement.

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Joint Obligations A. The University and the student share the responsibility for ensuring the quality of life within the residence halls, their maintenance, furnishings and facilities, and for a physical environment secure from fire and other hazards. The University will work with students to promote effective security of persons and property in the residence halls.

  • Independent Obligations The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Issuer with respect to the Capital Securities and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee Payments pursuant to the terms of this Guarantee notwithstanding the occurrence of any event referred to in subsections (a) through (g), inclusive, of Section 4.3 hereof.

  • Payment Obligation (a) The Subscriber shall bear the obligation to pay the Service Fee to SORACOM from the day when SORACOM starts to provide the Subscriber with the telecommunication channel pursuant to this Agreement.

  • PROCUREMENT OBLIGATIONS Notwithstanding any other provisions of this Part B, where in this Part B the Customer accepts an obligation to procure that a Former Supplier does or does not do something, such obligation shall be limited so that it extends only to the extent that the Customer's contract with the Former Supplier contains a contractual right in that regard which the Customer may enforce, or otherwise so that it requires only that the Customer must use reasonable endeavours to procure that the Former Supplier does or does not act accordingly.

  • Local Church’s Payment Obligations At Closing or otherwise prior to or on the Disaffiliation Date, Local Church shall pay to the Annual Conference, in a manner specified by Annual Conference, the following:

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