Common use of PAYMENT COVENANTS Clause in Contracts

PAYMENT COVENANTS. 4.01 The Owner hereby covenants with the Secured Creditors: (a) to pay and indemnify the Secured Creditors for all such expenses, claims, liabilities, losses, costs, duties, fees, charges or other moneys as are stated in this Mortgage to be payable by the Owner to or recoverable from the Owner by the Secured Creditors (or in respect of which the Owner agrees in this Mortgage to indemnify any of the Secured Creditors) at the times and in the manner specified in this Mortgage; (b) to pay interest on any such expenses, claims, liabilities, losses, costs, duties, fees, charges or other moneys referred to in Clause 4.01(a) from the date on which demand is made by any Secured Creditor for payment by the Owner of the relevant expense, claim, liability, loss, cost, duty, fee, charge or other money incurred by a Secured Creditor for which the Owner is responsible (both before and after any relevant judgment) at the Default Rate; and (c) to pay and perform its obligations which may be or become due or owing to a Secured Creditor under this Mortgage and the Subsidiary Guaranty at the times and in the manner specified herein or therein.

PAYMENT COVENANTS. 4.01 The Owner hereby covenants with the Secured Creditors: (a) to pay pay, and indemnify the Secured Creditors for against, all such expenses, claims, liabilities, losses, costs, duties, fees, charges or other moneys as are stated in this Mortgage to be payable by the Owner to to, or recoverable from the Owner by by, the Secured Creditors (or in respect of which the Owner agrees in this Mortgage to indemnify any of the Secured Creditors) at the times and in the manner specified in this Mortgage; (b) to pay interest on any such expenses, claims, liabilities, losses, costs, duties, fees, charges or other moneys referred to in Clause 4.01(a) from the date on which demand is made by any Secured Creditor for payment by the Owner of the relevant expense, claim, liability, loss, cost, duty, fee, charge or other money incurred is paid by a any Secured Creditor for which the Owner is responsible (both before and after any relevant judgment) at the Default Rate; and (c) to pay and perform its obligations which may be or become due or owing to a any Secured Creditor Creditor, as the case may be, under the Credit Agreement, this Mortgage and the Subsidiary Guaranty other Credit Documents (or any of them) at the times and in the manner specified herein or therein.

PAYMENT COVENANTS. 4.01 The Owner hereby covenants with the Secured Creditors: (a) to pay and indemnify the Secured Creditors for all such expenses, claims, liabilities, losses, costs, duties, fees, charges or other moneys as are stated in this Mortgage to be payable by the Owner to or recoverable from the Owner by the Secured Creditors (or in respect of which the Owner agrees in this Mortgage to indemnify any of the Secured Creditors) Creditors at the times and in the manner specified in this Mortgage; (b) to pay interest on any such expenses, claims, liabilities, losses, costs, duties, fees, charges or other moneys referred to in Clause 4.01(a) from the date on which demand is made by any Secured Creditor as the case may be, for payment by the Owner of the relevant expense, claim, liability, loss, cost, duty, fee, charge or other money incurred by a any Secured Creditor for which the Owner is responsible (both before and after any relevant judgment) at the Default Rate; and (c) to pay and perform its obligations which may be or become due or owing to a any Secured Creditor under this Mortgage and the Subsidiary Guaranty other Credit Documents to which the Owner is or is to be a party at the times and in the manner specified herein or therein.

PAYMENT COVENANTS. 4.01 The Owner hereby covenants with the Secured Creditors: (a) to pay and indemnify the Secured Creditors for all such expenses, claims, liabilities, losses, costs, duties, fees, charges or other moneys as are stated in this Mortgage to be payable by the Owner to or recoverable from the Owner by the Secured Creditors (or in respect of which the Owner agrees in this Mortgage to indemnify any of the Secured Creditors) Creditors at the times and in the manner specified in this Mortgage; (b) to pay interest on any such expenses, claims, liabilities, losses, costs, duties, fees, charges or other moneys referred to in Clause 4.01(a) from the date on which demand is made by any Secured Creditor Creditors as the case may be, for payment by the Owner of the relevant expense, claim, liability, loss, cost, duty, fee, charge or other money incurred by a any Secured Creditor for which the Owner is responsible (both before and after any relevant judgment) at the Default Rate; and (c) to pay and perform its obligations which may be or become due or owing to a any Secured Creditor under this Mortgage and the Subsidiary Guaranty other Credit Documents to which the Owner is or is to be a party at the times and in the manner specified herein or therein.

PAYMENT COVENANTS. 4.01 3.1 The Owner hereby covenants with the Secured Creditors: (a) to pay and indemnify the Secured Creditors for all such expenses, claims, liabilities, losses, costs, duties, fees, charges or other moneys as are stated in the Credit Agreement and/or this Mortgage Deed to be payable by the Owner to or recoverable from the Owner by the Secured Creditors or any of them (or in respect of which the Owner agrees in the Credit Agreement and/or this Mortgage Deed to indemnify any of the Secured Creditors) at the times and in the manner specified in the Credit Agreement and/or this Mortgage;Deed; and (b) to pay interest on any amount payable by the Owner under the Credit Agreement and on any such expenses, claims, liabilities, losses, costs, duties, fees, charges or other moneys referred to in Clause 4.01(a3.1(a) from the date on which demand is made by any Secured Creditor for payment by the Owner of the relevant amount becomes payable under the Credit Agreement or such expense, claim, liability, loss, cost, duty, fee, charge or other money is paid or incurred by a any Secured Creditor for which until the Owner is responsible date of payment reimbursement thereof to such Secured Creditor (both as well after as before and after any relevant judgment) at the Default Rate; and (c) to pay each and perform its obligations every other sum of money which may be or become due or owing to a the any Secured Creditor under this Mortgage Deed and the Subsidiary Guaranty other Credit Documents to which the Owner is or is to be a party at the times and in the manner specified herein or therein.