Performance Under Parent Facility Sample Clauses

Performance Under Parent Facility. It will duly perform all its obligations and diligently and promptly enforce all its rights under the Parent Facility and will not modify or waive any provision of the documents evidencing the Parent Facility without the prior written consent of the Lenders, which consent will not be unreasonably withheld or conditioned upon the payment of any fee to the Lenders; provided, however, that if (i) the "Commitment" under the Parent Facility shall have been terminated and all loans, interest and other amounts then due and payable by TXU under the Parent Facility shall have been paid in full, (ii) no Default or Event of Default (including with respect to the Borrower's obligations under Section 5.12) shall have occurred and be continuing, and (iii) the Total Commitment shall have been terminated, the Borrower may release TXU from all of its obligations under the Parent Facility including those that, by their terms, would survive the termination of such "Commitment" and the payment of such amounts.
Sample 1
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Performance Under Parent Facility. It will duly perform all its obligations and diligently and promptly enforce all its rights under the Parent Facility and will not modify or waive any provision of the documents evidencing the Parent Facility without the prior written consent of the Lenders, which consent will not be unreasonably withheld or conditioned upon the payment of any fee to the Lenders; provided, however, that if (i) the "Commitment" under the Parent Facility shall have been terminated and all loans, interest and other amounts then due and payable by TXU under the Parent Facility shall have been paid in full, (ii) no Default or Event of Default shall have occurred and be continuing, and (iii) the Total Commitment shall have been terminated, the Borrower may release TXU from all of its obligations under the Parent Facility including those that, by their terms, would survive the termination of such "Commitment" and the payment of such amounts.
Sample 1

Related to Performance Under Parent Facility

  • Performance Under Purchase Contracts The Company covenants and agrees for the benefit of the Holders from time to time of the Units that it will duly and punctually perform its obligations under the Purchase Contracts in accordance with the terms of the Purchase Contracts and this Agreement.

  • Performance Under Protest If at any time a dispute shall arise as to any amount or sum of money to be paid by one Party to the other under the provisions hereof, the Party against whom the obligation to pay the money is asserted shall have the right to make payment "under protest" and such payment shall not be regarded as a voluntary payment and there shall survive the right on the part of said Party to institute suit for recovery of such sum. If it shall be adjudged that there was no legal obligation on the part of said Party to pay such sum or any part thereof, said Party shall be entitled to recover such sum or so much thereof as it was not legally required to pay under the provisions of this Lease.

  • Performance Under this Guaranty In the event that Borrower fails to make any payment of any Guarantied Obligations, on or prior to the due date thereof, or if Borrower shall fail to perform, keep, observe, or fulfill any other obligation referred to in clause (b) of Section 2 of this Guaranty in the manner provided in the Credit Agreement or any other Loan Document, Guarantor immediately shall cause, as applicable, such payment in respect of the Guarantied Obligations to be made or such obligation to be performed, kept, observed, or fulfilled.

  • Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to:

  • Performance Guaranty Parent hereby guarantees the due, prompt and faithful performance and discharge by, and compliance with, all of the obligations, covenants, terms, conditions and undertakings of Merger Sub under this Agreement in accordance with the terms hereof, including any such obligations, covenants, terms, conditions and undertakings that are required to be performed, discharged or complied with following the Effective Time by the Surviving Corporation.

  • PERFORMANCE BY INVESTOR Investor shall have performed, satisfied and complied in all respects with all covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Investor at or prior to such Closing.

  • Performance by Borrower Borrower shall in a timely manner observe, perform and fulfill each and every covenant, term and provision of each Loan Document executed and delivered by, or applicable to, Borrower, and shall not enter into or otherwise suffer or permit any amendment, waiver, supplement, termination or other modification of any Loan Document executed and delivered by, or applicable to, Borrower without the prior written consent of Lender.

  • Dividend and Other Payment Restrictions Affecting Subsidiaries (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to:

  • Extension of Restricted Period In addition to the remedies the Company may seek and obtain pursuant to Section 8 of this Agreement, the Restricted Period shall be extended by any and all periods during which the Executive shall be found by a court to have been in violation of the covenants contained in Section 7 hereof.

  • Performance on Borrower's Behalf If any Restricted Person fails to pay any taxes, insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Loan Document, Administrative Agent may pay the same after notice of such payment by Administrative Agent is given to Borrower. Borrower shall immediately reimburse Administrative Agent for any such payments and each amount paid by Administrative Agent shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Administrative Agent.

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