Obligations of the Borrower Hereunder Unconditional Sample Clauses

Obligations of the Borrower Hereunder Unconditional. The payment and performance of the Obligations shall be the absolute and unconditional duty and obligation of the Borrower, and shall be independent of any defense or any right of set-off, recoupment or counterclaim which the Borrower might otherwise have against the Bank and the Borrower shall pay absolutely net the payments of the principal and interest to be made on account of the Loan and all other payments required hereunder, free of any deductions and without abatement, diminution or set-off other than those herein expressly provided, and until such time as the Obligations have been fully paid and performed, the Borrower: (a) will not suspend or discontinue any payments provided for herein or in the Line of Credit Note; (b) will perform and observe all of the Borrowers' other covenants and agreements contained in the Loan Documents, including without limitation, making all payments required to be made to the Bank; and (c) will not terminate or attempt to terminate the Loan Documents for any cause.
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Obligations of the Borrower Hereunder Unconditional. The obligations of the Borrower to make the payments required in Attachment "A" and other articles hereof and to perform and observe the other agreements contained herein shall be absolute and unconditional and shall not be subject to any defense or any right of set-off, counterclaim or recoupment arising out of any breach by the City of any obligation to the Borrower, whether hereunder or otherwise, or out of any indebtedness or liability at any time owing to the Borrower by the City and until such time as the principal shall have been fully paid or provision for the payment thereof shall have been made in accordance with the Agreement, the Borrower (i) will not suspend or discontinue any payments provided for in Attachment "A" hereof, (ii) will perform and observe all other agreements contained in this Agreement, and (iii) shall not terminate this Agreement for any cause, it being the intention of the parties that the payments required hereunder will he paid in full when due without any delay or diminution whatsoever.
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Obligations of the Borrower Hereunder Unconditional. (A) The obligations of the Borrower to make or cause to be made the Loan Payments and to perform and observe all other agreements on its part contained herein or in the Indenture shall be absolute and unconditional and shall not be subject to diminution by setoff, counterclaim, abatement, or otherwise until such time as the principal of and interest and redemption premium, if any, on the Bonds shall have been fully paid or provision for the payment thereof shall have been made in accordance with the Indenture.
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Obligations of the Borrower Hereunder Unconditional. The obligations of the Borrower to make, or cause to be made, the payments required herein and under the Loan Note and to perform and observe the other agreements on its part contained herein and in the Financing Documents shall be absolute and unconditional, irrespective of any defense or any rights of set-off, recoupment, or counterclaim it might have against the Issuer or the Trustee. The Borrower shall pay, or cause to be paid, all payments required hereunder and under the Loan Note, free of any deductions and without postponement, abatement, set-off or diminution; and until such time as the principal of and interest on the Bonds and all other amounts due hereunder shall have been fully paid, or provision for the payment thereof shall have been made in accordance with the Indenture, the Borrower:
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Obligations of the Borrower Hereunder Unconditional. (a) The obligations of the Borrower to make, or cause to be made, the payments required herein and under the Second Mortgage Bonds and to perform and observe the other agreements on its part contained herein and in the Financing Documents shall be absolute and unconditional, irrespective of any defense or any rights of set-off, recoupment, or counterclaim it might have against the Authority or the Trustee. The Borrower shall pay, or cause to be paid, all payments required hereunder and under the Second Mortgage Bonds, free of any deductions and without postponement, abatement, set-off or diminution; and until such time as the principal of and interest on the Notes and all other amounts due hereunder shall have been fully paid, or provision for the payment thereof shall have been made in accordance with the Indenture, the Borrower:
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Obligations of the Borrower Hereunder Unconditional. Subject to Section 5.7 hereof and the exculpatory provisions contained in the Facility Note, the obligations of the Borrower to make the payments required under the Facility Note and to perform and observe any and all of the other covenants and agreements on its part contained herein shall be a general obligation of the Borrower and shall be absolute and unconditional irrespective of any defense or any rights of setoff, recoupment or counterclaim it may otherwise have against the Issuer. The Borrower agrees it will not (i) suspend, discontinue or xxxxx any payment required by the Facility Note, or (ii) fail to observe any of its other covenants or agreements in this Agreement or (iii) except as provided in Section 11.1 hereof, terminate this Agreement for any cause whatsoever including, without limiting the generality of the foregoing, failure to complete the Facility, failure of the Borrower or any lessee of the Borrower to occupy or to use the Facility as contemplated in this Agreement or otherwise, any defect in the title, design, operation, merchantability, fitness
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Related to Obligations of the Borrower Hereunder Unconditional

  • Obligations of Company Unconditional Nothing contained in this Article Eight or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among the Company and the Holders of the Securities, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of and interest on the Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Securities and creditors of the Company other than the holders of the Senior Indebtedness, nor shall anything herein or therein prevent the Holder of any Security or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Eight of the holders of the Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Without limiting the generality of the foregoing, nothing contained in this Article Eight shall restrict the right of the Trustee or the Holders of Securities to take any action to declare the Securities to be due and payable prior to their stated maturity pursuant to Section 6.01 or to pursue any rights or remedies hereunder; provided, however, that all Senior Indebtedness then due and payable shall first be paid in full in cash before the Holders of the Securities or the Trustee are entitled to receive any direct or indirect payment from the Company of principal of or interest on the Securities.

  • Obligations of the Borrower 13 Section 3.01.

  • Obligations Unconditional The obligations of the Guarantors under Section 11.01 shall constitute a guarantee of payment and to the fullest extent permitted by applicable Law, are absolute, irrevocable and unconditional, joint and several, irrespective of the value, genuineness, validity, regularity or enforceability of the Guaranteed Obligations of the Borrower under this Agreement, the Notes, if any, or any other agreement or instrument referred to herein or therein, or any substitution, release or exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, irrespective of any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense of a surety or Guarantor (except for payment in full). Without limiting the generality of the foregoing, it is agreed that the occurrence of any one or more of the following shall not alter or impair the liability of the Guarantors hereunder which shall remain absolute, irrevocable and unconditional under any and all circumstances as described above:

  • Obligation of the Company Unconditional Nothing contained in this Article or elsewhere in this Subordinated Indenture or in the Subordinated Securities is intended to or shall impair, as between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the Subordinated Securities, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Subordinated Securities the principal of (and premium, if any) and interest payable in the respect of the Subordinated Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Subordinated Securities and creditors of the Company other than the holders of Senior Indebtedness nor shall anything herein or therein prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this Subordinated Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness in respect of cash, property or Subordinated Securities of the Company received upon the exercise of any such remedy. Upon any payment or distribution of assets of the Company referred to in this Article, the Trustee and the Holders of the Subordinated Securities shall be entitled to rely upon any order or decree made by any court of competent jurisdiction in which any such dissolution, winding up, liquidation or reorganization proceeding affecting the affairs of the Company is pending or upon a certificate of the trustee in bankruptcy, receiver, assignee for the benefit of creditors, liquidating trustee or agent or other person making any payment or distribution, delivered to the Trustee or to the Holders of the Subordinated Securities, for the purpose of ascertaining the persons entitled to participate in such payment or distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount paid or distributed thereon and all other facts pertinent thereto or to this Article.

  • Obligations of the Company Whenever required under this Section 2 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible:

  • Guaranty Unconditional The obligations of each of the Guarantors hereunder shall be unconditional and absolute and, without limiting the generality of the foregoing, shall not be released, discharged or otherwise affected by:

  • Obligations of Parent Whenever required under this Article 2 to effect the registration of any Registrable Securities, Parent shall, as expeditiously as reasonably possible:

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