Postponement of Obligations Sample Clauses

Postponement of Obligations. Until the Loan and other Guaranteed Obligations of any Borrower to the Servicer and the Participants have been paid in full (i) all present and future indebtedness of such Borrower to Sponsor (the “Subordinated Debt”) is hereby postponed to the present and future Loan Indebtedness of such Borrower to Servicer and each Participant, and all monies received from such Borrower or for its account by Sponsor with respect to such Subordinated Debt shall be received in trust for Servicer and the Participants, and promptly upon receipt, shall be paid over to Servicer for distribution to the Participants in accordance herewith until such Borrower’s Loan Indebtedness to Servicer and the Participants is fully paid and satisfied, all without prejudice to and without in any way affecting the obligations of the Sponsor hereunder; provided that unless a Loan Default or Loan Payment Default has occurred and is continuing with respect to such Borrower, the Sponsor may accept and retain any payments made by such Borrower to the Sponsor in the ordinary course of business, and (ii) Sponsor shall not have any rights of subrogation or otherwise to participate in any security held by the Servicer for any Loan to such Borrower or any other Guaranteed Obligations arising therefrom, and Sponsor hereby waives such rights until such time as such Loan and other Guaranteed Obligations have been paid in full to the Servicer and each Participant (whether by repurchase by the Sponsor, pursuant to this Article X or otherwise).
Sample 1Sample 2Sample 3See All (18)
AutoNDA by SimpleDocs
Postponement of Obligations. Any obligations of a Party under the License shall be postponed automatically to the extent and for the period that the affected Party is prevented from meeting those obligations by reason of any cause beyond its reasonable control (other than lack of funds and applicable regulatory approval). The affected Party shall immediately notify the other Party of the commencement, nature of such cause and probable consequence. The affected Party shall also use its reasonable diligent efforts to render performance in a timely manner, utilizing all resources reasonably required in the circumstances.
Sample 1Sample 2Sample 3See All (6)
Postponement of Obligations. 22.1 Notwithstanding any other provisions of this Agreement, the Authorized officer, on his own initiative or upon appropriate justification by Unit Operator, may postpone any obligation established by and under this Agreement to commence or continue drilling or to operate on or produce Unitized Substances from lands covered by this Agreement when, in his judgment, circumstances warrant such action.
Sample 1Sample 2Sample 3See All (5)
Postponement of Obligations. 22.1 Notwithstanding any other provisions of this Agreement, the Director, on his own Bureau of Land Management, Interior § 3286.1 initiative or upon appropriate justification by Unit Operator, may postpone any obliga- tion established by and under this Agree- ment to commence or continue drilling or to operate on or produce Unitized Substances from lands covered by this Agreement when in his judgement, circumstances warrant such action.
Sample 1
Postponement of Obligations. Any obligation of the Landlord or the Tenant which is affected by an ongoing arbitration proceeding shall be postponed pending receipt of the arbitrator’s decision, save and except that there shall be no postponement in the Tenant’s obligation to pay Rent unless there is an issue respecting an aspect of the payment of Rent, in which the amount in dispute shall be postponed pending receipt of the arbitrator’s decision.
Sample 1
Postponement of Obligations. Until the Franchisee Loans and other Franchisee Facility Guaranteed Obligations of any Franchisee Borrower to the Servicer and the Lenders have been paid in full (i) all present and future indebtedness of such Franchisee Borrower to the Parent Guarantor is hereby postponed to the present and future indebtedness of such Franchisee Borrower to the Servicer and each Lender, and all monies received from such Franchisee Borrower or for its account by the Parent Guarantor with respect to such indebtedness shall be received in trust for the Servicer and the Lenders, and promptly upon receipt, shall be paid over to the Servicer for distribution to the Lenders in accordance herewith until such Franchisee Borrower’s indebtedness to the Servicer and the Lenders is fully paid and satisfied, all without prejudice to and without in any way affecting the obligations of the Parent Guarantor hereunder; provided that unless and until the occurrence of a Franchisee Loan Default or Franchisee Loan Payment Default, the Parent Guarantor may accept and retain any payments made by any Franchisee Borrower to the Parent Guarantor in the ordinary course of business, and (ii) the Parent Guarantor shall not have any rights of subrogation or otherwise to participate in any security held by the Servicer for any Franchisee Loan to such Franchisee Borrower or any other Franchisee Facility Guaranteed Obligations arising therefrom, and the Parent Guarantor hereby waives such rights until such time as such Franchisee Loan and other Franchisee Facility Guaranteed Obligations have been paid in full to the Servicer and each Lender (whether by repurchase by the Parent Guarantor, pursuant to this Agreement or otherwise).
Sample 1
Postponement of Obligations. 22.1 Notwithstanding any other provisions of this Agreement, the Director, on his own initiative or on appropriate justification by Unit Operator, may postpone any obligation established by and under this Agreement to commence or continue drilling or to operate on or produce Unitized Substances from lands covered by this Agreement when in his judgment, circumstances warrant such action.
Sample 1
AutoNDA by SimpleDocs
Postponement of Obligations. Seller's obligations to Buyer with respect to deliveries of Fiber for any period during the term of this Agreement and within any such period shall be postponed to the extent reasonably required by adverse logging conditions within Seller's scheduled procurement areas.
Sample 1

Related to Postponement of Obligations

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its Subsidiaries, as the case may be.

  • Ratification of Obligations Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in accordance with their terms.

  • Repayment of Obligations Notwithstanding anything to the contrary contained herein, the Borrower shall repay the Advances Outstanding, all accrued and unpaid Yield, any Breakage Fees, Increased Costs, all accrued and unpaid costs and expenses of the Administrative Agent and Lenders and all other Obligations (other than unmatured contingent indemnification obligations) in full on the Facility Maturity Date.

  • Reinstatement of Obligations Guarantor agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, with respect to any Obligations if at any time payment of any such Obligations is rescinded or otherwise must be restored by the Agent and/or the Lenders upon the bankruptcy or reorganization of the Borrower or any Guarantor or otherwise.

  • Acceleration of Obligations Declare all Obligations, whether evidenced by this Agreement, by any of the other Loan Documents, or otherwise, including (i) any accrued and unpaid interest, (ii) the amounts which would have otherwise come due under Section 2.3(b)(ii) if the Loans had been voluntarily prepaid, (iii) the unpaid principal balance of the Loans and (iv) all other sums, if any, that shall have become due and payable hereunder, immediately due and payable (provided that upon the occurrence of an Event of Default described in Section 8.12 or 8.13 all Obligations shall become immediately due and payable without any action by Lender);

  • Release of Obligations If the Delivery Date has not occurred on or prior to the Cut-Off Date (including by reason of the Aircraft not being completed and delivered, the Owner Participant's failure to make the full amount of its Commitment available in accordance with the terms of Section 3.02 hereof and no transferee Owner Participant having been identified pursuant to Section 3.05(a) hereof), then, in such event, the Owner Trustee shall not purchase the Aircraft from AVSA, and subject to the last sentence of Section 3.05(a) hereof the parties to the Operative Agreements shall have no further obligations or liabilities under any of said Operative Agreements with respect to the Aircraft, including the obligation of the Owner Participant to participate in the payment of the Purchase Price, and such documents shall terminate and have no further force or effect with respect to the Aircraft; provided, however, that if the last sentence of Section 3.05(a) hereof does not apply the Lessee shall provide, no later than the Cut-Off Date, notice of prepayment to the Indenture Trustee and the Certificates shall be prepaid on the 15th day following the Cut-Off Date as provided in Section 6.02(a)(vi) of the Original Indenture and Section 17.02(c) hereof and provided further, that (i) the Lessee's obligation to pay any Transaction Costs as provided in Section 3.04 hereof (to the extent such section is applicable) and to indemnify such parties to the extent provided in such documents, shall not be diminished or modified in any respect and (ii) the obligations of the Owner Trustee, the Indenture Trustee and the Lessee to return funds and pay interest, costs, expenses and other amounts thereon or in respect thereof as provided in Section 3.02 hereof shall continue.

  • Nonpayment of Obligations Any amount due and owing on the Revolving Note or any of the Obligations, whether by its terms or as otherwise provided herein, is not paid on the date such amount is due.

  • Reaffirmation of Obligations Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

  • Affirmation of Obligations Each of the Credit Parties hereby acknowledges, agrees and affirms (a) its obligations under the Credit Agreement and the other Loan Documents, including, without limitation, its guaranty obligations thereunder, (b) that such guaranty shall apply to the Obligations in accordance with the terms thereof, (c) the grant of the security interest in all of its assets pursuant to the Loan Documents and (d) that such liens and security interests created and granted are valid and continuing and secure the Obligations in accordance with the terms thereof.

  • Fulfillment of Obligations Any obligation of any party to any other party under this Agreement, which obligation is performed, satisfied or fulfilled by an Affiliate of such party, shall be deemed to have been performed, satisfied or fulfilled by such party.

Time is Money Join Law Insider Premium to draft better contracts faster.