Precedence of this Article. The rights, options and obligations of the Obligor set forth in this Article may be exercised or shall be fulfilled, as the case may be, whether or not a Default exists hereunder, provided that such Default will not result in nonfulfillment of any condition to the exercise of any such right or option and provided further that no amounts payable pursuant to the Series 2004 Note shall be prepaid in part during the continuance of an Event of Default described in subparagraph (a) of Section 7.1.
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Samples: First Supplemental Loan Agreement (Synergetics Usa Inc)
Precedence of this Article. The rights, options and obligations of the Obligor Lessee set forth in this Article may be exercised or shall be fulfilled, as the case may be, whether or not a Default exists hereunder, provided that such Default will not result in nonfulfillment of any condition to the exercise of any such right or option and provided further that no amounts payable pursuant to the Series 2004 Note this Lease shall be prepaid in part during the continuance of an Event of Default described in subparagraph (a) of Section 7.18.1(a).
Appears in 1 contract
Precedence of this Article. The rights, options and obligations of the Obligor set forth in this Article may be exercised or shall be fulfilled, as the case may be, whether or not a Default exists hereunder, provided that such Default will not result in nonfulfillment of any condition to the exercise of any such right or option and provided further that no amounts payable pursuant to the Series 2004 Note shall be prepaid in part during the continuance of an Event of Default described in subparagraph (a) of Section 7.18.1.
Appears in 1 contract
Samples: Loan Agreement (Synergetics Usa Inc)
Precedence of this Article. The rights, options and obligations of the Obligor Lessee set forth in this Article may be exercised or shall be fulfilled, as the case may be, whether or not a Default exists hereunder, provided that such Default will not result in nonfulfillment of any condition to the exercise of any such right or option option, and provided further that no amounts payable pursuant to the Series 2004 Note this Lease Agreement shall be prepaid in part during the continuance of an Event of Default described in subparagraph (a) of Section 7.18.1(a).
Appears in 1 contract
Samples: Lease Agreement (Labone Inc)