Common use of Payment and Performance Obligations Clause in Contracts

Payment and Performance Obligations. Borrower hereby unconditionally, irrevocably and absolutely agrees to make prompt and full payment of all payment obligations owed under this Continuing Covenant Agreement and the other Financing Documents (including Project Loan Payments corresponding to payments due on the Governmental Note, as well as all additional payments of fees, expenses and other amounts owed thereunder), whether now existing or hereafter arising in respect of the Indebtedness, irrespective of their nature, whether direct or indirect, absolute or contingent, with interest thereon at the rate or rates provided in such Financing Documents, and to duly perform all other obligations hereunder and thereunder. Borrower’s personal liability under this Section 2.01 shall be limited as set forth in Section 9 of the Project Note. No partner or member of the Borrower shall have any liability under this Section 2.01 except to the extent as set forth in Section 9 of the Project Note.

Appears in 2 contracts

Samples: Continuing Covenant Agreement, Continuing Covenant Agreement

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Payment and Performance Obligations. Borrower hereby unconditionally, irrevocably and absolutely agrees to make prompt and full payment of all payment obligations owed under this Continuing Covenant Agreement and the other Financing Documents (including Project Loan Payments corresponding to payments due on the Governmental Note, as well as all additional payments of fees, expenses and other amounts owed thereunder), whether now existing or hereafter arising in respect of the Indebtedness, irrespective of their nature, whether direct or indirect, absolute or contingent, with interest thereon at the rate or rates provided in such Financing Documents, and to duly perform all other obligations hereunder and thereunder. BorrowerXxxxxxxx’s personal liability under this Section 2.01 shall 3.09 will be limited as set forth in Section 9 of the Project Note. No partner or member of the Borrower shall will have any liability under this Section 2.01 3.09 except to the extent as set forth in Section 9 of the Project Note.

Appears in 2 contracts

Samples: Continuing Covenant Agreement, Continuing Covenant Agreement

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Payment and Performance Obligations. Borrower hereby unconditionally, irrevocably and absolutely agrees to make prompt and full payment of all payment obligations owed under this Continuing Covenant Agreement and the other Financing Documents (including Project Loan Payments corresponding to payments due on the Governmental Note, as well as all additional payments of fees, expenses and other amounts owed thereunder), whether now existing or hereafter arising in respect of the Indebtedness, irrespective of their nature, whether direct or indirect, absolute or contingent, with interest thereon at the rate or rates provided in such Financing Documents, and to duly perform all other obligations hereunder and thereunder. BorrowerXxxxxxxx’s personal liability under this Section 2.01 shall will be limited as set forth in Section 9 of the Project Note. No partner or member of the Borrower shall will have any liability under this Section 2.01 except to the extent as set forth in Section 9 of the Project Note.

Appears in 1 contract

Samples: Continuing Covenant Agreement

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