Obligations of the Mortgagor Sample Clauses

Obligations of the Mortgagor. The Mortgagor shall bear the costs for the evaluation, registration, notarization, certification, insurance, keeping, repair and maintenance, etc. of the Collateral under this Agreement.
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Obligations of the Mortgagor. 12.1 Besides the mortgage created in this contract, the Mortgagor shall obey and fulfill all the obligations in relation to the mortgage property, including but not limited to the obligations in the purchase contract of the mortgage property, the subsequent complementary agreements and the insurance policy in relation to the mortgage property. 12.2 The Mortgagor shall ensure that in any case the Mortgagee need not assume any liability due to the fault of the depository or any people in relation to the sale or dispose of the mortgage property. In case the Mortgagee’s rights and interests are infringed by reason of the lien, loss or damage of mortgage property, the Mortgagor shall assume the compensation liability to the Mortgagee.
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Obligations of the Mortgagor. 9.1 The Mortgagor shall be obligated to supervise the Debtor under the Primary Contract to use the loans for the purpose agreed in the Primary Contract, and shall not be relieved from any liability due to the use of the loans by the Debtor under the Primary Contract breaching the provisions of the Primary Contract. 9.2 The Mortgagor shall bear such costs arising from the assessment, notarization, authentication, insurance, custody, repair and maintenance of the Mortgaged Property hereunder. 9.3 The Mortgagor shall reasonably use and appropriately put the Mortgaged Property under its custody without using the Mortgaged Property in any abnormal manner, and shall regularly repair and maintain the Mortgaged Property so as to ensure it is under the sound conditions and maintain insurance as per the requirement of the Mortgagee. 9.4 The Mortgagor shall not conduct any act which impairs or may impair the value of the Mortgaged Property without the written consent of the Mortgagee, and shall not transfer, grant, lease, create security interest on or otherwise dispose of the Mortgaged Property in any manner. 9.5 The Mortgagor shall cooperate with the Mortgagee and the agencies and individuals designated by it for their inspections on the use, custody and maintenance of the Mortgaged Property and the maintenance of ownership to the Mortgaged Property. 9.6 The Mortgagor shall immediately notify the Mortgagee in writing and provide new security as per the requirement of the Mortgagee if any of the following circumstances occurs: (1) The Mortgaged Property is damaged or its value may be decreased sharply; (2) The safe and sound conditions of the Mortgaged Property are or may be affected adversely; (3) There is any dispute arising from the ownership of the Mortgaged Property; (4) Any of property preservation measures such as attachment and seizure, or enforcement or other compulsory measures is taken on the Mortgaged Property during the term of mortgagee; (5) The mortgagee rights are or may be impaired by any third party; (6) There is any material change in the work or income of the Mortgagor (if the Mortgagor is a natural person); (7) The Mortgagor (if the Mortgagor is not a natural person) closes its business, dissolves, or ceases the conduct of its business for rectification, or its business license is revoked, or it applies for the declaration of bankruptcy or its creditors apply for the declaration of bankruptcy.
Sample 1
Obligations of the Mortgagor. The Mortgagor must: (a) strictly comply with all the requirements of the Act from the date of this mortgage or from time to time as the case may be; (b) within 24 hours of the receipt by the Mortgagor, give to the Mortgagee any orders, notices, declarations and/or other proceedings issued pursuant to the Act. (c) inform the Mortgagee immediately when the Mortgagor has knowledge of any facts or circumstances which may give rise to any orders, notices, declarations and/or other proceedings referred to in paragraph (c); (d) notify the Mortgagee of any notice, form or document which has been lodged by the Mortgagor and/or its agents, successors and assigns with the Registrar pursuant to the Act and provide a copy of such notice to the Mortgagee within 24 hours of lodging.
Sample 1
Obligations of the Mortgagor. The Mortgagor must: (a) immediately provide notice to the Mortgagee upon the Mortgagor becoming aware that the Mortgaged Property is Contaminated Land or that the Mortgaged Property is likely to become Contaminated Land. (b) cause all acts and matters to be done, carried out or performed to ensure that the Mortgaged Property is free or clear of contamination and shall cease to carry on any acts or activities which may cause the Mortgaged Property to become Contaminated Land. (c) immediately provide notice to the Mortgagee upon the Mortgagor receiving any notice, direction, order or condition from the Director. 318 FORM 20 Version 1 XXXXXXXXXX XXXX XXXXXXXX Xxxx Xxxxx Xxx 0000 xxx Land Act 0000 Page 17 of 45 SCHEDULE TITLE REFERENCE 15602076 (d) permit the Mortgagee and its agents to come onto, enter and inspect the Mortgaged Property at any reasonable time and to carry out any environmental audits or environmental site assessments that it may consider necessary provided the Mortgagee has first given notice to the Mortgagor.
Sample 1
Obligations of the Mortgagor. The Mortgagor must: (a) from time to time, apply for and do whatever may be necessary to procure the renewal of leases or licences or enforce any right of purchase or pre-emption under the Crown Lands Acts; (b) so far as the law permits, convert or join with the Mortgagee in converting any of the Mortgaged Property into freehold or into any other form of tenure which may be allowed by any legislation at any time; (c) not do or permit any act which would render the Mortgaged Property liable to forfeiture or cancellation or to be otherwise prejudiced; (d) comply with all the conditions and requirements of the Crown Lands Acts which apply to the Mortgagor or the Mortgaged Property including, in particular, any conditions and requirements which relate to improvements; and (e) not do or allow any act to be done whereby the present or any future holding, tenure or licence may be surrendered, forfeited or prejudiced and must make any application and do whatever may be necessary for acquiring any additional holdings or other leased lands or enforcing any rights according to the Crown Lands Acts.
Sample 1
Obligations of the Mortgagor. (1) The Mortgagor shall keep the collateral in good condition and shall at all times accept the inspection by the Mortgagee. If, during the course of such inspection, the Mortgagee has made any recommendation which is intended to ensure the good condition of the collateral, the Mortgagor shall adopt corresponding measures in a timely manner. Any cost arising out of the keeping and maintenance of the collateral shall be borne by the Mortgagor. (2) Without obtaining the Mortgagee’s written consent, the Mortgagor shall not dispose of the collateral under this Contract by whatsoever means. (3) If the Mortgagor makes any change to its company name, domicile, legal representative, registered capital, scope of business, company category or articles of association, the Mortgagor shall give the Mortgagee a 10 days prior written notice and shall file relevant documents with the Mortgagee for record. (4) Within 3 Business Days of registration of the collateral, the certificate of title (or right of disposal) or the certificate of the mortgage right shall be delivered by the Mortgagor to the Mortgagee and shall thereby be put under the custody of the Mortgagee. (5) Any expense arising from the execution and performance of the Contract shall be borne by the Mortgagor. (6) If an act by the Mortgagor is such as to lessen the value of the collateral, the Mortgagee shall be entitled to request the Mortgagor to restore the collateral to its original status or to provide a security. If the aforesaid request of the Mortgagee has been refused, the Mortgagee may either demand the debtor to repay its debts or request early exercise of its mortgage rights.
Sample 1
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Related to Obligations of the Mortgagor

  • OBLIGATIONS OF THE LESSEE The Lessee shall keep the premises in a clean, sanitary, neat and presentable condition. The Lessee shall be responsible for the repairs, outside of ordinary wear and tear, of any part of the Premises that do not affect the structural parts of the building or structure in which it is located or those that are generally considered as minor repair (“Minor Repairs”) including but not limited to replacing light bulbs, cleaning or repairs of windows, doors, toilets and similar appurtenances. The Lessee shall, at its sole expense restore, repair and/or rectify any damage, outside of ordinary wear and tear, to the Premises caused by the Lessee or others that the lessee permits into the Premises that are not covered or compensable by any insurance.

  • Obligations of the Borrower 13 Section 3.01.

  • Obligations of the Manager a. The Manager shall provide (or cause the Series' Custodian (as defined in Section 3 hereof) to provide) timely information to the Sub-Adviser regarding such matters as the composition of assets of the Series, cash requirements and cash available for investment in the Series, and all other information as may be reasonably necessary for the Sub-Adviser to perform its responsibilities hereunder. b. The Manager has furnished the Sub-Adviser a copy of the prospectus and statement of additional information of the Series and agrees during the continuance of this Agreement to furnish the Sub-Adviser copies of any revisions or supplements thereto at, or, if practicable, before the time the revisions or supplements become effective. The Manager agrees to furnish the Sub-Adviser with minutes of meetings of the trustees of the Trust applicable to the Series to the extent they may affect the duties of the Sub-Adviser, and with copies of any financial statements or reports made by the Series to its shareholders, and any further materials or information which the Sub-Adviser may reasonably request to enable it to perform its functions under this Agreement.

  • OBLIGATIONS OF THE BUYER a. The Buyer has furnished to the Company in Exhibit B hereto such information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it as required to effect the registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request. The Company shall notify the Buyer in writing of any other information the Company reasonably requires from the Buyer in connection with any Registration Statement hereunder. The Buyer will as promptly as practicable notify the Company of any material change in the information set forth in Exhibit B, other than changes in its ownership of the Common Stock. b. The Buyer agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of any amendments and supplements to any Registration Statement hereunder. c. The Buyer agrees that, upon receipt of any notice from the Company of the happening of any event or existence of facts of the kind described in Section 3(f) or any notice of the kind described in the first sentence of Section 3(e), the Buyer will immediately discontinue disposition of Registrable Securities pursuant to any registration statement(s) covering such Registrable Securities until the Buyer’s receipt (which may be accomplished through electronic delivery) of the copies of the filed supplemented or amended registration statement and/or prospectus contemplated by Section 3(f) or the first sentence of Section 3(e). In addition, upon receipt of any notice from the Company of the kind described in the first sentence of Section 3(e), the Buyer will immediately discontinue purchases or sales of any securities of the Company unless such purchases or sales are in compliance with applicable U.S. securities laws. Notwithstanding anything to the contrary, the Company shall cause its Transfer Agent to deliver as promptly as practicable shares of Common Stock without any restrictive legend in accordance with the terms of the Purchase Agreement in connection with any sale of Registrable Securities with respect to which the Buyer has received a Purchase Notice or VWAP Purchase Notice (both as defined in the Purchase Agreement) prior to the Buyer’s receipt of a notice from the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of Section 3(e) and for which the Buyer has not yet settled.

  • Obligations of the Trust This Agreement is executed by and on behalf of the Trust and the obligations of the Trust hereunder are not binding upon any of the trustees, officers or shareholders of the Trust individually but are binding only upon the Trust and with respect to the Funds to which such obligations pertain.

  • OBLIGATIONS OF LESSEE The Lessee shall be primarily responsible whenever needed for the maintenance and general pickup of the entranceway leading into the Premises, so that this is kept in a neat, safe and presentable condition. The Lessee shall also be responsible for all minor repairs and maintenance of the leasehold Premises, particularly those items which need immediate attention and which the Lessees, or their employees, can do and perform on their own, including but not limited to, the replacement of light bulbs, as well as the normal repair and cleaning of windows, cleaning and clearing of toilets, etc., and the Lessee shall properly maintain the Premises in a good, safe, and clean condition. The Lessee shall properly and promptly remove all rubbish and hazardous wastes and see that the same are properly disposed of according to all local, state or federal laws, rules regulations or ordinances. In the event the structure of the Premises is damaged as a result of any neglect or negligence of Lessee, their employees, agents, business invitees, or any independent contractors serving the Lessee or in any way as a result of Lessee’s use and occupancy of the Premises, then the Lessee shall be primarily responsible for seeing that the proper claims are placed with the Lessee’s insurance company, or the damaging party's insurance company, and shall furthermore be responsible for seeing that the building is safeguarded with respect to said damage and that all proper notices with respect to said damage, are made in a timely fashion, including notice to the Lessor, and the party or parties causing said damage. Any damage that is not covered by an insurance company will be the liability of the Lessee. The Lessee shall, during the term of this Lease, and in the renewal thereof, at its sole expense, keep the interior of the Premises in as good a condition and repair as it is at the date of this Lease, reasonable wear and use excepted. This obligation would include the obligation to replace any plate glass damaged as a result of the neglect or acts of Lessee or her guests or invitees. Furthermore, the Lessee shall not knowingly commit nor permit to be committed any act or thing contrary to the rules and regulations prescribed from time to time by any federal, state or local authorities and shall expressly not be allowed to keep or maintain any hazardous waste materials or contaminates on the Premises. Lessee shall also be responsible for the cost, if any, which would be incurred to bring her contemplated operation and business activity into compliance with any law or regulation of a federal, state or local authority.

  • Obligations of the Contractor (i) Subject to and on the terms and conditions of this Agreement, the Contractor shall undertake the survey, investigation, design, engineering, procurement, construction, and maintenance of the Project Highway and observe, fulfil, comply with and perform all its obligations set out in this Agreement or arising hereunder. (ii) The Contractor shall comply with all Applicable Laws and Applicable Permits (including renewals as required) in the performance of its obligations under this Agreement. (iii) Subject to the provisions of Clauses 4.1 (i) and 4.1 (ii), the Contractor shall discharge its obligations in accordance with Good Industry Practice and as a reasonable and prudent person. (iv) The Contractor shall remedy any and all loss, defects, or damage to the Project Highway from the Appointed Date until the end of the Construction Period at the Contractor’s cost, save and except to the extent that any such loss, defect, or damage shall have arisen from any wilful default or neglect of the Authority. (v) The Contractor shall remedy any and all loss, defect or damage to the Project Highway during the Defects Liability Period at the Contractor’s cost to the extent that such loss, defect or damage shall have arisen out of the reasons specified in Clause 17.3. (vi) The Contractor shall remedy any and all loss or damage to the Project Highway during the Maintenance Period at the Contractor’s cost, including those stated in Clause 14.1 (ii), save and except to the extent that any such loss or damage shall have arisen on account of any wilful default or neglect of the Authority or on account of a Force Majeure Event. (vii) The Contractor shall, at its own cost and expense, in addition to and not in derogation of its obligations elsewhere set out in this Agreement: (a) make, or cause to be made, necessary applications to the relevant Government Instrumentalities with such particulars and details as may be required for obtaining Applicable Permits set forth in Schedule-F and obtain and keep in force and effect such Applicable Permits in conformity with the Applicable Laws; (b) procure, as required, the appropriate proprietary rights, licences, agreements and permissions for Materials, methods, processes and systems used or incorporated into the Project Highway; (c) make reasonable efforts to maintain harmony and good industrial relations among the personnel employed byit or its Sub-contractors in connection with the performance of its obligations under this Agreement; (d) ensure and procure that its Sub-contractors comply with all Applicable Permits and Applicable Laws in the performance by them of any of the Contractor’s obligations under this Agreement; (e) not do or omit to do any act, deed or thing which may in any manner violate any provisions of this Agreement; (f) support, cooperate with and facilitate the Authority in the implementation and operation of the Project in accordance with the provisions of this Agreement; (g) ensure that the Contractor and its Sub-contractors comply with the safety and welfare measures for labour in accordance with the Applicable Laws and Good Industry Practice; (h) keep, on Site, a copy of this Agreement, publications named in this Agreement, the Drawings, Documents relating to the Project, and Change of Scope orders and other communications given under this Agreement. The Authority’s Engineer and its authorised personnel shall have the right of access to all these documents at all reasonable times; (i) cooperate with other contractors employed by the Authority and personnel of any public authority; and (j) not interfere unnecessarily or improperly with the convenience of the public, or the access to and use and occupation of all roads and footpaths, irrespective of whether they are public or in the possession of the Authority or of others. (viii) The Contractor shall undertake all necessary superintendence to plan, arrange, direct, manage, inspect and test the Works. The Contractor shall provide all necessary superintendence of the Works for the proper fulfilling of the Contractor's obligations under the Agreement. Such superintendence shall be given by competent person having adequate knowledge of the operations to be carried out (including the methods and techniques required, the hazards likely to be encountered and methods of preventing accidents) for the satisfactory and safe execution of the Works. (ix) The Contractor shall obtain and maintain a project related bank account operational at site where all transactions related to the payment of work will be done. The Contractor shall submit a monthly account statement and a detailed report on utilization of funds transferred to this project related bank account to Authority’s Engineer. Notwithstanding anything contrary to this agreement, the authority, in the interest and to ensure timely completion of the work, reserves the right to audit such bank accounts to ensure that there is no diversion of funds from this project specific account to any other project being implemented by the Contractor. (x) The Contractor shall provide the documents of the Contractor specified in the Agreement, and all Contractors' personnel; Goods, consumables and other things and services, whether of a temporary or permanent nature, required in and for the execution, completion of Works and remedying defects. (xi) The Contractor shall perform the Works in conformity with the Project requirements and other requirements and standards prescribed under or pursuant to the Agreement. (xii) The Contractor shall carry out such work incidental and contingent to the original Scope of the Project to comply with Good Industry Practices. (xiii) The Contractor shall maintain required staff and necessary Contractor’s equipment and materials within the reach of the Site during the Defects Liability Period so that any defects arising are promptly attended.

  • Obligations of the Purchaser (a) The Purchaser shall furnish in writing to the Company such information regarding itself, the Registrable Securities or Additional Registrable Securities, as applicable, held by it and the intended method of disposition of the Registrable Securities or Additional Registrable Securities, as applicable, held by it, as shall be required by the 1933 Act to effect the registration of such Registrable Securities or Additional Registrable Securities, as applicable, and shall execute such documents in connection with such registration as the Company may reasonably request. At least ten (10) Business Days prior to the first anticipated filing date of any Registration Statement (or such shorter period as may be agreed to by the Purchaser), the Company shall notify the Purchaser of the information the Company requires from the Purchaser if the Purchaser's Registrable Securities or Additional Registrable Securities are to be included in the Registration Statement. (b) The Purchaser, by its acceptance of the Registrable Securities and Additional Registrable Securities, if any, agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of a Registration Statement hereunder, unless the Purchaser has notified the Company in writing of its election to exclude all of its Registrable Securities or Additional Registrable Securities, as applicable, from the Registration Statement. (c) If the Purchaser determines to engage the services of an underwriter, which underwriter is reasonably acceptable to the Company, the Purchaser agrees to enter into and perform its obligations under an underwriting agreement, in usual and customary form, including, without limitation, customary indemnification and contribution obligations, with the managing underwriter of such offering and take such other actions as are reasonably required in order to expedite or facilitate the dispositions of the Registrable Securities or Additional Registrable Securities, as applicable. (d) The Purchaser agrees that, upon receipt of any notice from the Company of the happening of any event rendering a Registration Statement no longer effective or available for use by the Purchaser, the Purchaser will immediately discontinue disposition of Registrable Securities or Additional Registrable Securities pursuant to the Registration Statement covering such Registrable Securities or Additional Registrable Securities, until the Purchaser's receipt of the copies of the supplemented or amended Prospectus filed with the SEC and declared effective and, if so directed by the Company, the Purchaser shall deliver to the Company (at the expense of the Company) or destroy all copies in the Purchaser's possession of the Prospectus covering the Registrable Securities or Additional Registrable Securities, as applicable, current at the time of receipt of such notice. (e) The Purchaser may participate in any third party underwritten registration hereunder unless it (i) agrees to sell the Registrable Securities or Additional Registrable Securities, as applicable, on the basis provided in any underwriting arrangements in usual and customary form entered into by the Purchaser, (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements, and (iii) agrees to pay its pro rata share of all underwriting discounts and commissions and any expenses in excess of those payable by the Company pursuant to the terms of this Agreement.

  • Obligations of the Parties Clause 8

  • Obligations of the Seller The obligations of the Seller under this Agreement will not be affected by reason of any invalidity, illegality or irregularity of the 2024-B Exchange Note or any 2024-B Lease or 2024-B Vehicle allocated to the 2024-B Reference Pool.

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