PERFORMANCE BY GRANTOR Clause Samples
The "Performance by Grantor" clause defines the obligation of the grantor to fulfill specific duties or actions as outlined in the agreement. Typically, this clause details the standards, timelines, or conditions under which the grantor must perform, such as delivering property, providing services, or meeting certain milestones. Its core practical function is to ensure that the grantor's responsibilities are clearly established and enforceable, thereby reducing ambiguity and helping prevent disputes over whether contractual obligations have been met.
PERFORMANCE BY GRANTOR. Grantor shall pay the Secured Indebtedness to Beneficiary and shall keep and perform each and every other obligation, covenant and agreement of the Loan Documents.
PERFORMANCE BY GRANTOR. 5 Section 2.03
