Common use of Payment of Leasehold Obligations Clause in Contracts

Payment of Leasehold Obligations. Each Grantor shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (Horsehead Holding Corp), Revolving Credit and Security Agreement (Horsehead Holding Corp), Revolving Credit and Security Agreement (Horsehead Holding Corp)

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Payment of Leasehold Obligations. Each Grantor shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at the Collateral Agent’s 's reasonable request will provide evidence of having done so, except to the extent that the aggregate rental payments under such lease is not in excess of $2,000,000.

Appears in 1 contract

Samples: Security Agreement (Evergreen International Aviation Inc)

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