Obligations Generally Clause Samples
The "Obligations Generally" clause defines the overarching responsibilities and duties that each party must fulfill under the agreement. It typically clarifies that all obligations outlined in the contract are binding and must be performed in good faith, regardless of whether they are specifically detailed elsewhere in the document. This clause ensures that parties understand their general commitment to uphold the terms of the contract, thereby promoting accountability and reducing the risk of disputes over unlisted or implied duties.
Obligations Generally. Except with respect to any amounts that are required to first be applied pursuant to subparts (b) or (c) below, all amounts received by or with respect to the Company or any other Domestic Credit Party shall be applied:
(i) first, to the payment of that portion of the Obligations constituting fees, indemnities and expenses and other amounts (including attorneys’ fees and amounts due under Article III) payable to the Global Agent in its capacity as such;
(ii) second, to the payment of that portion of the Obligations constituting fees, indemnities and expenses (including attorneys’ fees and amounts due under Article III) payable to each Lender or each LC Issuer, ratably among them in proportion to the aggregate of all such amounts;
(iii) third, to the payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans and Unpaid Drawings with respect to Letters of Credit, ratably among the Lenders in proportion to the aggregate of all such amounts;
(iv) fourth, pro rata to the payment of (A) that portion of the Obligations constituting unpaid principal of the Loans and Unpaid Drawings, ratably among the Lenders and each LC Issuer in proportion to the aggregate of all such amounts, and (B) the amounts due in respect of termination payments to Designated Hedge Creditors under Designated Hedge Agreements (subject to confirmation by the Global Agent that any calculations of termination or other payment obligations are being made in accordance with normal industry practice);
(v) fifth, to the Global Agent for the benefit of each LC Issuer to cash collateralize the Stated Amount of outstanding Letters of Credit;
(vi) sixth, to the payment of all other Obligations of the Credit Parties owing under or in respect of the Loan Documents that are then due and payable to the Global Agent, each LC Issuer, the Swing Line Lender, the Lenders and the Designated Hedge Creditors, ratably based upon the respective aggregate amounts of all such Obligations owing to them on such date; and
(vii) finally, any remaining surplus after all of the Obligations have been paid in full, to the Borrowers or to whomsoever shall be lawfully entitled thereto.
Obligations Generally comply with its obligations in the Loan Documents and comply with every covenant (whether restrictive or otherwise), obligation and provision on its part to be complied with (and use its best endeavours to procure compliance by each other party thereto with every covenant, obligation and provision on the part of each such other party to be complied with) contained in any document affecting the Investments or their use and enjoyment;
Obligations Generally. The SHERIFF hereby retains, and the PROVIDER agrees to perform for the SHERIFF, those professional services as hereinafter set forth. This document shall serve as the binding contract for the services of PROVIDER. PROVIDER shall immediately commence performance of the services outlined herein upon full execution of this Contract. All work shall be commenced and completed in a timely manner as, and at the times, herein set out.
Obligations Generally. Payment and performance of all other Obligations, including any other obligations that are stated in this Mortgage to be included as Secured Obligations.
Obligations Generally. Each Grantor shall comply with every covenant (whether restrictive or otherwise), obligation and provision on its part to be complied with contained in any Credit Document or in any document affecting or constituting any of the Collateral or its use and enjoyment and not enter into any onerous or restrictive obligations affecting any of the Collateral.
Obligations Generally. Payment and performance of all other Obligations, including any other obligations that are stated in this Deed of Trust to be included as Secured Obligations. Any Trustor who executes this Deed of Trust but is not a party to or obligated on any of the indebtedness included in the Secured Obligations, is executing this Deed of Trust to mortgage, grant and convey Trustor’s interest in the Trust Estate under the terms of this Deed of Trust and, with respect to obligations of Trustor hereunder or referred to in this Deed of Trust, is not personally obligated to pay the sums secured by this Deed of Trust and the loss such Trustor will incur from a foreclosure thereon or from delivery of a deed-in-lieu of foreclosure shall by the limit of liability of said Trustor. Trustor is a related entity to both TRS Borrower and Pineville Borrower, has an interest in the continued economic well-being of TRS Borrower and Pineville Borrower, and has requested that Lender, from time to time, extend credit or other financial accommodations to TRS Borrower and Pineville Borrower on the security of, among other property and assets, the land and other assets described in or otherwise encumbered by this Deed of Trust. Accordingly, in addition to its other covenants, representations and warranties set forth in the Deed of Trust, which Trustor confirms and reaffirms, Trustor does hereby covenant, represent, warrant and agree with Lender as follows, which are and the same will be present and continuing covenants, representations, warranties and agreements from Trustor to Lender: (1) Lender has no responsibility for keeping Trustor informed regarding the financial condition of TRS Borrower or Pineville Borrower; (2) Trustor waives any claim of subrogation, reimbursement, exoneration, contribution or indemnity with respect to the Deed of Trust, the indebtedness and other obligations secured by the Deed of Trust or referenced therein, and any person or entity obligated on the indebtedness and other obligations secured by the Deed of Trust or referenced therein; (3) the Deed of Trust and the land and other property and assets described therein and otherwise encumbered thereby, secure, among other indebtedness and obligations as therein and herein provided, (i) any and all presently existing indebtedness and other obligations of any one or more of TRS Borrower or Pineville Borrower to Lender, and (ii) any and all future indebtedness and other obligations of any one or more of TRS Borro...
Obligations Generally. Lessor and Lessee shall comply or ensure compliance with the obligations of Sellers and Purchaser, respectively, under the Purchase Agreement.
Obligations Generally. The Chargor shall comply with every covenant (whether restrictive or otherwise), obligation and provision with which it is required to comply, as set out in any Transaction Document or in any document affecting or constituting any of the Charged Property or its use and enjoyment, and not enter into any onerous or restrictive obligations affecting any of the Charged Property, except as permitted under the Transaction Documents.
Obligations Generally. The COUNTY hereby retains, and the PROVIDER agrees to perform for the COUNTY, those public works services as hereinafter set forth. This document shall serve as the binding contract for the services of PROVIDER. PROVIDER shall immediately commence performance of the services outlined herein upon full execution of this Contract. All work shall be commenced and completed in a timely manner as, and at the times, herein set out. Time is of the essence for all provisions of this Contract.
Obligations Generally. Except with respect to any amounts that are required to be applied pursuant to subpart (b) below, all amounts received by or with respect to, and all proceeds of Collateral coming from, the Company or any other Domestic Credit Party shall be applied: