Performing Obligations Clause Samples
The "Performing Obligations" clause defines the requirement for each party to fulfill their duties as specified in the agreement. It typically outlines the standards, timelines, and conditions under which contractual obligations must be carried out, such as delivering goods, providing services, or making payments. This clause ensures that both parties understand their responsibilities and provides a basis for accountability, thereby reducing the risk of disputes and ensuring the smooth execution of the contract.
Performing Obligations. To perform fully, faithfully and punctually all of the obligations of Tenant set forth in this Lease; and to pay when due Rent and all charges, rates and other sums which by the terms of this Lease are to be paid by Tenant.
Performing Obligations. To perform promptly all of the obligations of Subtenant set forth in this Sublease, and to pay when due all items of Fixed Annual Rent, Tenant's Operating Expense Charge and all charges, rates and other sums which by the terms of this Sublease are to be paid by Subtenant.
Performing Obligations. Neither Seller nor Buyer shall be liable for any delay or failure in performance hereunder if and to the extent (i) such delay or failure in performance (except for the performance of any payment obligation) is a result of Force Majeure, and (ii) the Affected Party satisfies its obligations under this Article 12. To the extent that the Affected Party fails to use commercially reasonable efforts to overcome or mitigate the effects of such events of Force Majeure, it shall not be excused for any delay or failure in performance that would have been avoided by using such commercially reasonable efforts. Except as set forth in Section 12.5.3, Force Majeure shall not excuse Buyer’s obligation to pay the Demand Charge, regardless of whether Buyer or Seller is the Affected Party. For the avoidance of doubt, subject to the provisions of this Article 12, the Affected Party’s obligations (except for the performance of any payment obligation) shall be suspended for so long as the Force Majeure event prevents the Affected Party from performing such obligations.
Performing Obligations. 12 ---------------------- 67.2 Use................................................................................................. 12 --- 6.3 Maintenance and Repair.............................................................................. 12 ----------------------- 6.4 Compliance with Laws............................................................................... 13 --------------------
Performing Obligations. Borrower covenants and agrees that, promptly upon receipt of any payments, dividends, distributions, or other proceeds by Borrower in connection with the Collateral (and in any event within one Business Day of Borrower’s receipt thereof), Borrower shall deposit or cause to be deposited any and all such proceeds in the Collateral Account.
Performing Obligations. 17 7.2 Use ........................................................................................................................ 17 7.3