Past Due Obligations. The Borrower hereby promises to each Lender to pay interest at the Default Rate on all Obligations (including Obligations to pay fees or to reimburse or indemnify any Lender) which the Borrower has in this Agreement promised to pay to such Lender and which are not paid when due. Such interest shall accrue from the date such Obligations become due until they are paid.
Past Due Obligations. No past due obligations over Five Thousand and 00/100 Dollars ($5,000) have given rise or shall give rise, within five (5) days after the Closing Date, to any additional liability to the Buyer on account of their being past due.
Past Due Obligations. Except as otherwise set forth on Schedule 6.28, no Closing Date Liabilities or Assumed Obligations have given rise, or shall give rise within five days after the Closing Date (except to the extent such Closing Date Liabilities will have been paid or satisfied by Seller prior to the Closing so as to relieve Buyer of all liability therefor), to any additional liability to Buyer on account of their being past due.
Past Due Obligations. Except as set forth on Exhibit 5.27, no past due obligations of DE over $500 have given rise or shall give rise within 5 days after the Closing Date (except as such will be performed by DE prior to the Closing so as to relieve THI of all liability therefor) to any additional liability to THI on account of their being past due.
Past Due Obligations. Any Obligation (including, to the extent permitted by applicable law, all accrued unpaid interest on the principal amount of the Loan) that is not paid when due (whether scheduled, accelerated, or otherwise) shall bear interest, payable on demand, from the date due until paid, at a rate per annum equal to the lesser of the Maximum Rate or the Past Due Rate.
Past Due Obligations. All amounts which Tenant is obligated to -------------------- pay Landlord pursuant to this Lease or when due shall bear interest at the maximum interest rate chargeable by law, not to exceed twenty percent (20%) per annum from the due date until paid, unless otherwise specifically provided herein. If a late charge is due with respect to such amount pursuant to Section 13.4, such interest shall commence to accrue thirty (30) days following the date such amount is due. The payment of such interest shall not excuse or cure any default by Tenant under this Lease.
Past Due Obligations. Mortgagor shall notify Mortgagee, in writing, in the event any Operating Obligations (as defined below) of the Development are more than sixty (60) days past due. Such notice shall state with specificity the Operating Obligations that are overdue. As used in this Section, “Operating Obligations” of the Development shall mean the usual and customary expenses of operating a residential housing development, including but not limited to, debt service, taxes, replacement reserve obligations, insurance premiums, utility payments, management fees, and payments to the providers of goods and services to the Development. Upon the issuance of such notice, Xxxxxxxxx shall either immediately escrow with Mortgagee the amount of all past due Operating Obligations, or immediately pay such obligations so that no Operating Obligations are more than thirty (30) days past due.
Past Due Obligations. Except as set forth on Exhibit 5.27, no past due obligations of A-1-A over $500 have given rise or shall give rise within 6 months after the Closing Date (except as such will be performed by A-1-A prior to the Closing so as to relieve THI of all liability therefor) to any additional liability to THI on account of their being past due.
Past Due Obligations. If, as at the date of the Enforcement Notice (the “Trigger Date”), there are any monies owing or any other outstanding unfulfilled obligations required to have been performed by the City to Project Co relating directly to the Contract Scope (the “Relevant Past Due Obligations”), the Contractor shall be entitled to receive the benefit of the satisfaction by the City of such Relevant Past Due Obligations, and Project Co shall thereupon no longer be entitled to directly receive any benefit with respect to the Relevant Past Due Obligations. For greater certainty, at the Trigger Date, where there are any monies owing or any other outstanding unfulfilled obligations required to have been performed by Project Co to the Contractor under the Contract (“Unfulfilled Drop-Down Obligations”), but the corresponding monies owing or corresponding other obligations have been performed by the City to Project Co under the Project Agreement, the Contractor shall not have any claim against the City in respect of the Unfulfilled Drop-Down Obligations. The foregoing shall not be construed as a release of Project Co from any claims against it by the Contractor for such Unfulfilled Drop-Down Obligations.
Past Due Obligations. 13 5.35 Recent Dividends and Other Distributions......................13 5.36
