Principal obligations Sample Clauses
Principal obligations. This agreement and each Collateral Security is:
(a) a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another Collateral Security) or other obligation; and
(b) independent of, and unaffected by, any other Encumbrance or other obligation which any Finance Party may hold at any time in respect of the Secured Moneys.
Principal obligations. The Security and each Collateral Security is:
(a) a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another Collateral Security) or other obligation; and
Principal obligations. General Your principal obligations
Principal obligations. The obligations of Harmony Gold under this clause 16 are absolute, unconditional and irrevocable and:
(a) are principal obligations of Harmony Gold and not ancillary or collateral to any other right or obligation; and
(b) may be enforced against Harmony Gold without the Seller first being required to exhaust any remedy it may have against any other person.
Principal obligations. 5.1 The Customer and the Supplier shall each comply with their respective obligations set out in this Agreement and the schedules hereto with each Party remaining solely liable for the obligations and liabilities of its employees, agents and its subcontractors.
Principal obligations. The obligations of the Guarantor under this Guarantee and Indemnity are principal obligations imposed upon the Guarantor as principal debtor, and we have the right to make a claim or demand against the Guarantor pursuant to this Guarantee and Indemnity without having first taken any proceedings against the Renter or any other person.
Principal obligations. This agreement and each Collateral Security is:
(a) a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another Collateral Security) or other obligation; and
(b) independent of, and unaffected by, any other Encumbrance or other obligation which the Lender may hold at any time in respect of the Secured Moneys. Debt finance facility agreement
Principal obligations. 1. To accept delivery
2. To pay the price of the thing sold in legal tender unless another mode has been agreed upon
Principal obligations. The obligations of the Guarantor under this deed in respect of the Contract are principal obligations and are not released, discharged or otherwise affected by anything which but for this provision might have that effect, including:
Principal obligations. 2.1 On the basis of the Investor’s Warranties and the undertakings by the Investors under this Agreement, and subject to and conditional upon this Agreement not having been terminated on or before the Completion, the Company undertakes to the Investors the following:
2.1.1 The Company shall within four (4) Business Days from the execution of this Agreement publish the AGM Notice; and
2.1.2 Subject to (i) the adoption of the Resolutions by the AGM and (ii) the Board of Directors of the Company having approved the Notes Offering and Warrants Offering, the Company shall offer and issue the Notes and the Warrants, respectively, to the Investors pursuant to the terms and conditions of the respective Offerings.
2.2 On the basis of the Company’s Warranties, covenants and other undertakings by the Company under this Agreement and subject to and conditional upon (i) the Conditions being satisfied, and (ii) this Agreement not having been terminated on or before the Completion Date, each of the Investors undertakes to the Company to make the Investment and subscribe for its portion of the Notes by paying the principal amount of the Notes to the Company as set out in Schedule (C) and by executing the Subscription List.