Common use of Payment and Performance Obligations Clause in Contracts

Payment and Performance Obligations. The Mortgagor will duly and punctually pay or cause to be paid and duly perform, observe and comply with the Secured Obligations.

Appears in 3 contracts

Samples: First Preferred Fleet Mortgage (Danielson Holding Corp), First Preferred Fleet Mortgage (Danielson Holding Corp), First Preferred Fleet Mortgage (Danielson Holding Corp)

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Payment and Performance Obligations. The Mortgagor will duly and punctually pay or cause to be paid and duly perform, observe and comply with the Secured ObligationsObligations to the extent provided in the Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (Jeffboat LLC)

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