No Obligation to Fund. The agreement of the Company (or its successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and its successor), except to the extent the Company (or its successors) in its sole discretion elects in whole or in part to fund its obligations under this Agreement pursuant to a trust arrangement or otherwise.
No Obligation to Fund. The agreement of the Company or Cotton States Life (or their successors) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company and Cotton States Life (and their successors), except to the extent the Company or Cotton States Life (or their successors) in its sole discretion elects in whole or in part to fund its obligation xxxxxx this Agreement pursuant to a trust arrangement or otherwise.
No Obligation to Fund. Article XI of the Agreement is deleted in its entirety.
No Obligation to Fund. The agreement of SNB (or its successor) to make payments to the Employee hereunder shall represent solely the unsecured obligation of SNB (and its successor), except to the extent SNB (or its successors) in its sole discretion elects in whole or in part to fund its obligations under this Agreement pursuant to a trust arrangement or otherwise.
No Obligation to Fund. The agreement of the Company (or its successor) to make payments to Employee hereunder shall represent the unsecured obligation of the Company (and its successor), except to the extent (i) the terms of any other agreement, plan or arrangement pertaining to the parties provide for funding; or (ii) the Company (or its successor) in its sole discretion elects in whole or in part to fund the Company's obligations under this Agreement pursuant to a trust arrangement or otherwise.
No Obligation to Fund. Subject to section 11.1 (“Source of Funds for the Oversight Body”), nothing in this Agreement creates an obligation on the Co-Proponents to fund the other Parties’ participation in the implementation of this Agreement.
No Obligation to Fund. CEPI is not obliged to make any payment of CEPI funding to the Partner under this Agreement where:
3.8.1. CEPI and/or the Partner have not agreed and/or signed the applicable Work Package Statement; and/or
3.8.2. the Partner has breached a material obligation set out in this Agreement that is incapable of remedy or has not been remedied within the applicable cure period;
No Obligation to Fund. The Partnership shall reimburse Manager upon demand for any money or other property which Manager may in its discretion pay out for any reason whatsoever in performing its duties as manager of the Resort hereunder as provided for in the Approved Budgets whether the payment is for operating expenses or any other charges or debts and whether or not designated herein as an obligation of the Manager, the Partnership or the Resort; provided, however, that it is understood and agreed that Manager shall have no obligation or duty to fund or pay for any of the Partnership's Financial Obligations or advance any of its own funds for the operation of the Resort.
No Obligation to Fund. Notwithstanding anything to the contrary in this Agreement, Subservicer shall have no obligation to make any Servicing Advance from its corporate funds on account of any Mortgage Loan, but instead Subservicer shall be entitled to use funds available for remittance to Owner/Servicer. Subservicer shall not be obligated to advance its funds to pay attorney fees or costs incurred on behalf of Owner/Servicer or Investor in connection with litigation related to a Mortgage Loan.
No Obligation to Fund. Bank may, but shall not be obligated to, extend financing to a Mortgagor after CLF has executed a Funding Confirmation in respect of a prospective Commercial Mortgage Loan to such Mortgagor. The decision whether to extend financing to such a Mortgagor shall be in the Bank’s sole discretion.
