Nature of Commitment. Lender’s obligation to make Advances shall be deemed to be pursuant to a contract to make a loan or to extend debt financing or financial accommodations to or for the benefit of the Borrower within the meaning of Sections 365(c)(2) and 365(e)(2)(B) of the United States Bankruptcy Code, 11 U.S.C. § 101 et seq.
Nature of Commitment. Both parties agree and affirm that the Donor shall receive no goods or services for this contribution, other than the acknowledgment and recognition described herein. This contribution shall have no connection to any business relationship established at any time between the Donor and the City.
Nature of Commitment. Executive Director understands that the duties and responsibilities of Executive Director are a significant commitment (full-time or part-time, as specified in the Basic Terms), and acknowledges that he/she is expected to work the required number of hours per week specified in the Basic Terms, which shall be performed at the office of the Authority during its established business hours (unless the job duty or business function requires the Executive Director to travel to a location other than the LHA’s main office.) Executive Director agrees that he/she shall not engage in any business or other activity which would interfere with or conflict with his/her duties as Executive Director, in accordance with the Massachusetts Conflict of Interest law. This paragraph shall not prevent Executive Director from undertaking speaking engagements or other professional activities, provided that such activities do not interfere with or conflict with his/her duties as Executive Director. Executive Director shall obtain, in advance, the approval of the Board before engaging in such activities.
Nature of Commitment. With respect to each disbursement or advance hereunder, the Lender’s obligations to make such disbursement or advance shall be deemed to be pursuant to a contract to make a loan or extend debt financing or financial accommodations to Borrower within the meaning of Sections 365(c)(2) and 365(e)(2)(B) of the Bankruptcy Code of the United States of America, 11 U.S.C. § 101 et seq., or any subsequent bankruptcy legislation in effect during the term of this Agreement.
Nature of Commitment. With respect to the Loan and the Advances, Lenders' obligation to make the Loan or any Advances shall be deemed to be pursuant to a contract to make a loan or to extend debt financing or financial accommodations to or for the benefit of Borrower within the meaning of Sections 365(c)(2) and 365(e)(2)(B) of the United States Bankruptcy Code, 11 U.S.C. Section 101 et seq.
Nature of Commitment. Any commitment in terms of Part 1 (List of Committed Obligations) to this Schedule 6.1 shall be in addition to any obligation of the Franchisee elsewhere in this Agreement and nothing in this Schedule 6.1 shall limit or restrict an obligation imposed on the Franchisee elsewhere in this Agreement.
Nature of Commitment. 5.1 Any commitment in terms of Part 1 (List of Committed Obligations) to this Appendix 11 shall be in addition to any obligation of the Franchisee elsewhere in this Agreement and nothing in this Appendix 11 shall limit or restrict an obligation imposed on the Franchisee elsewhere in this Agreement.
5.2 Where in Part 1 to this Appendix 11, references are made to particular manufacturers or suppliers of equipment or services, the Franchisee may fulfil its relevant commitment by using reasonable equivalents.
5.3 Each commitment under this Appendix 11 shall come to an end on expiry of the Franchise Term for whatever reason, save in respect of any accrued payments owed pursuant to Part 3 (Late/Non-Completion of Committed Obligations) to this Appendix 11 but not yet paid.
Nature of Commitment. In-House shall make qualified therapists and non-therapist personnel available to Owner on an as-needed basis to provide those services listed on Schedule A attached hereto (the "Services") to Owner's patients at the Treatment Facility.
Nature of Commitment. The Banks’ obligation to make any Advance shall be deemed to be a transaction made pursuant to a contract to make a loan or extend debt financing or financial accommodations to Borrowers within the meaning of Sections 365(c)(2) and 365(e)(2)(B) of the Bankruptcy Code of the United States.
Nature of Commitment. Xxxxxx’s obligation to make Advances shall be deemed to be pursuant to a contract to make a loan or to extend debt financing or financial accommodations to or for 0000-0000-0000.5 the benefit of the Borrower within the meaning of Sections 365(c)(2) and 365(e)(2)(B) of the United States Bankruptcy Code, 11 U.S.C. § 101 et seq.
