Payments Under the Note; Independent Obligation of Borrower Sample Clauses

Payments Under the Note; Independent Obligation of Borrower. 9 Section 4.2. Payment of Certain Fees and Expenses Under the Note 9 Section 4.3. Additional Payments 10 Section 4.4. Prepayment of Loan 11 Section 4.5. Borrower’s Obligations Upon Redemption 11 Section 4.6. Subordination 11 ARTICLE V
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Payments Under the Note; Independent Obligation of Borrower. (a) The Borrower agrees to repay the Loan as provided in the Note, and in all instances at the times and in the amounts necessary to enable the Trustee, on behalf of the County, to pay all amounts payable with respect to the Bonds, when due, whether at maturity or upon redemption (with premium, if applicable), acceleration or otherwise. The obligation of the Borrower to make the payments set forth in this Article IV shall be an independent and separate obligation of the Borrower from its obligation to make payments under the Note, provided that in all events payments made by the Borrower under and pursuant to the Note shall be credited against the Borrower’s obligations hereunder on a dollar for dollar basis. If for any reason the Note or any provision of the Note shall be held invalid or unenforceable against the Borrower by any court of competent jurisdiction, the Note or such provision of the Note shall be deemed to be the obligation of the Borrower pursuant to this Financing Agreement to the full extent permitted by law and such holding shall not invalidate or render unenforceable any of the provisions of this Article IV and shall not serve to discharge any of the Borrower’s payment obligations hereunder or eliminate the credit against such obligations to the extent of payments made under the Note.
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Payments Under the Note; Independent Obligation of Borrower. (a) The Borrower shall pay to the Trustee, from Excess Cash Flow, for deposit into the Bond Fund, on the 5th day of each month commencing on April 5, 2016, in good funds delivered no later than 9:00 am Pacific time, an amount equal to the sum of (i) one third of (A) the amount due as payment on the Bonds on the next succeeding Bond Payment Date in accordance with the payment schedule attached to the Indenture as Exhibit E (with pro rata adjustment for deposits made prior to the initial Bond Payment Date) plus (B) the cumulative amount that any prior payments on the Bonds were less than the amount shown such Exhibit E to the Indenture for the corresponding period, plus (ii) if any prior monthly payment the same quarter was less than one third of the amount due on the next Bond Payment Date (the amount of such deficiency being referred to herein as the “Shortfall”), the Xxxxxxxx to the extent such Shortfall was not paid in a previous month. Amounts so paid to the Trustee by the Borrower shall be in immediately available funds or shall be such that on the Interest Payment Date they are available funds. Nothing in this Agreement shall prohibit Borrower from making payments on the Note from Borrower’s funds in excess of Excess Cash Flow.
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Related to Payments Under the Note; Independent Obligation of Borrower

  • Independent Obligations The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Issuer with respect to the Capital Securities and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee Payments pursuant to the terms of this Guarantee notwithstanding the occurrence of any event referred to in subsections (a) through (g), inclusive, of Section 4.3 hereof.

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Payment of Indebtedness Pledgor will pay the principal sum of the Note secured hereby, together with interest thereon, at the time and in the manner provided in the Note.

  • Recipient Obligations 2.1 The Recipient agrees to support the Project in accordance with this Agreement.

  • Non-Sufficient Funds and Dishonored Payments If my check is returned by a bank or other entity for any reason, if any of my credit card or debit card payments are rejected, or if Xxxxx Management is unable, through no fault of its own or their bank, to successfully process any of my ACH debit, credit card, or debit card transaction, then:

  • Local Church’s Payment Obligations At Closing or otherwise prior to or on the Disaffiliation Date, Local Church shall pay to the Annual Conference, in a manner specified by Annual Conference, the following:

  • Member Obligations In addition to the above, Member promises the following:

  • STUDENT OBLIGATIONS The student agrees to use the property as his or her personal residence. The student shall maintain the interior of the property in a reasonably clean and safe condition, use reasonable care in consumption of utilities and services furnished by the landlord, and avoid unreasonable noise or other disruption of the privacy and peaceful enjoyment of the premises by the landlord and other students. The student shall be responsible for any damage to the property beyond reasonable wear and tear by the student, members of the student's family, or persons invited on the property by the student. The student shall not make, or cause to be made, any alterations to the property or its contents without first obtaining the written consent of the landlord. The student agrees to notify the landlord in writing about any needed repairs or violations of the Honor Code or Residential Living Standards involving other students or residents. *The BYU Student agrees to update their residential address on myBYU each semester/term, failure to do so will result in non-compliance fees of up to $175 and housing holds affecting their ability to register.

  • Judicial Council 's Obligation Subject to Availability of Funds A. The Judicial Council's obligation under this Agreement is subject to the availability of authorized funds. The Judicial Council may terminate the Agreement or any part of the Contract Work, without prejudice to any right or remedy of the Judicial Council, for lack of appropriation of funds. If expected or actual funding is withdrawn, reduced, or limited in any way prior to the expiration date set forth in this Agreement, or in any Amendment hereto, the Judicial Council may, upon written Notice to the Contractor, terminate this Agreement in whole or in part. Such termination shall be in addition to the Judicial Council's rights to terminate for cause or other than for cause, as set forth herein.

  • Additional Obligations of Applicant Section 8.1.

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