Common use of PAYMENT OF INDEBTEDNESS; OBSERVANCE OF COVENANTS Clause in Contracts

PAYMENT OF INDEBTEDNESS; OBSERVANCE OF COVENANTS. The Mortgagor shall duly and punctually pay each and every payment of principal, interest and all prepayment premiums and late charges, if any, required by the Note or the Loan Agreement and all other Indebtedness Secured Hereby, as and when the same shall become due, and shall duly and punctually perform and observe all of the covenants, agreements and provisions contained herein, in the Loan Agreement or in any other instrument given as security for the payment of the Indebtedness Secured Hereby.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Canterbury Park Holding Corp)

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PAYMENT OF INDEBTEDNESS; OBSERVANCE OF COVENANTS. The Mortgagor shall duly and punctually pay each and every payment of principal, interest and all prepayment premiums and late charges, if any, required by the Note or the Loan Agreement and all other Indebtedness Secured Hereby, as and when the same shall become due, and shall duly and punctually perform and observe all of the covenants, agreements and provisions contained herein, in the Loan Agreement or in any other instrument given as security for the payment of the Indebtedness Secured HerebyNote.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Greenman Technologies Inc)

PAYMENT OF INDEBTEDNESS; OBSERVANCE OF COVENANTS. The Mortgagor shall duly and punctually pay each and every payment of principal, interest and all prepayment premiums and late charges, if any, required by the Note or the Loan Agreement and all other Indebtedness Secured Hereby, as and when the same shall become due, and shall duly and punctually perform and observe all of the covenants, agreements and provisions contained herein, in the Loan Agreement or in any other instrument given as security for the payment of the Indebtedness Secured HerebyIndebtedness.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Intricon Corp)

PAYMENT OF INDEBTEDNESS; OBSERVANCE OF COVENANTS. The Mortgagor shall duly and punctually pay each and every payment of principal, interest and all prepayment premiums and late charges, if any, required by the Note Notes or the Loan Agreement and all other Indebtedness Secured Hereby, as and when the same shall become due, and shall duly and punctually perform and observe all of the covenants, agreements and provisions contained herein, in the Loan Agreement Documents or in any other instrument given as security for the payment of the Indebtedness Secured HerebyNotes.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Fixture (Reuter Manufacturing Inc)

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PAYMENT OF INDEBTEDNESS; OBSERVANCE OF COVENANTS. The Mortgagor shall duly and punctually pay each and every payment of principal, interest and all prepayment premiums and late charges, if any, required by which constitutes the Note or the Loan Agreement and all other Indebtedness Secured Hereby, as and when the same shall become due, and shall duly and punctually perform and observe all of the covenants, agreements and provisions contained herein, in the Loan Agreement herein or in any other instrument given as security for the payment of the Indebtedness Secured HerebyObligation of Reimbursement.

Appears in 1 contract

Samples: Hei Inc

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