Subsequent Obligations. In addition to the terms and conditions otherwise contained herein, the obligation of the Bank to extend any Loans or make or incur subsequent Obligations is subject to the satisfaction, on the date of making or incurring each such Obligation, of the following conditions prior to any such extension of credit or making or incurring any such Obligations:
(a) All of the representations, warranties and acknowledgments of the Company contained in this Agreement and the Related Documents shall be true and accurate as if made on such date, and each request by the Company for credit shall constitute an affirmation by the Company that such representations, warranties and acknowledgements are then true and accurate, other than those which, by their terms, specifically are made as of a certain date prior thereto and other than as expressly permitted by this Agreement or as otherwise consented to in writing by the Bank;
(b) There shall not exist on such date any Default and no Default shall occur as the result of the making or incurring of such Obligation (except the Existing Defaults);
(c) The aggregate principal amount of all Revolving Loans outstanding, together with the amount of any Revolving Loan requested shall not exceed the Revolving Loan Commitment;
(d) The Bank shall have received executed loan requests for all Revolving Loans previously requested by the Company and the matters certified therein and herein shall have been true, correct and complete on the date thereof and shall continue to be true and correct on the date of the requested Revolving Loans or other Obligations; and
(e) Each of the Related Documents shall remain in full force and effect and all security, mortgage and pledge agreements shall continue to secure the Obligations; and
(f) The Bank has received weekly or monthly certifications in the form set forth at Schedule 4.2(f) hereof.
(g) A financial advisor of recognized professional standing and ability is currently retained by the Company, or in the event of such advisor's (i) resignation, or (ii) discharge, then, within 20 days thereof, a new financial advisor with similar capabilities and recognized professional standing and ability shall be retained by the Company (the "Advisor").
Subsequent Obligations. In addition to the terms and conditions otherwise contained herein, the obligation of the Banks to make or incur subsequent Obligations is subject to the satisfaction, on the date of making or incurring each such Obligation, of the following conditions:
(a) All of the representations, warranties and acknowledgments of the Company contained in this Agreement and the Related Documents shall be true and accurate as if made on such date, and each request by the Company for credit shall constitute an affirmation by the Company that such 21 27 representations, warranties and acknowledgements are then true and accurate;
(b) There shall not exist on such date any Default and no Default shall occur as the result of the making or incurring of such Obligation;
(c) The aggregate principal amount of all Revolving Loans outstanding and the face amount of all Letters of Credit outstanding, together with the amount of any Revolving Loan requested shall not exceed the Revolving Loan Commitment;
(d) The Agent shall have received executed loan requests for all Revolving Loans which are LIBOR Rate Loans previously requested by the Company and the matters certified therein and herein shall have been true, correct and complete on the date thereof and shall continue to be true and correct on the date of the requested LIBOR Rate Loans; and
(e) Each of the Related Documents shall remain in full force and effect.
Subsequent Obligations. Upon termination of this contract by any cause and at any time, the Parties are bound to satisfactorily comply with their legal obligations between each other and to third parties and with the ones pursuant to this contract. It includes the liability for losses and damages resulting when the contract has been unilateral terminated and by reasons attributable to THE CONTRACTOR, with legal indemnities and compensations.
Subsequent Obligations. (1) Where a Termination Notice has been served in the circumstances set out in Article 16.2(3)(b) or Article 16.2
Subsequent Obligations. Upon termination of this Contract on any grounds and at any moment, the Parties are obligated to comply in a satisfactory manner with their mutual legal obligations as well as with the obligations towards third parties and contracted herein. This shall include assuming responsibility for losses and damages arising after the Contract has been unilaterally terminated, and there will be indemnifications and compensations of a legal nature for reasons attributable to THE CONTRACTOR.
30.1. THE CONTRACTOR shall pay special attention to protection of the environment and to compliance with the applicable regulations in these matters. It shall likewise adopt and carry out specific contingency plans to attend to emergencies and repair damages, in the most efficient and timely manner.
30.2. THE CONTRACTOR shall inform THE AXX semiannually on the environmental aspects of the Operations that are being conducted, on the application of preventive plans and contingency plans, and on the status of any steps taken before the competent environmental authorities in the matter of permits, authorizations, concessions or licenses, as the case may be. In those phases of the Contract involving activities whose performance is subject to the granting of environmental licenses, permits, concessions or authorizations, THE CONTRACTOR shall commence, before the competent authorities and within ninety (90) Calendar Days following the start of the relevant phase, all steps required for such purpose. Non-observance by THE CONTRACTOR of the period established in this subsection, or its lack of diligence in the relevant procedures, shall prevent it from invoking before THE AXX delays in obtaining the licenses, permits, concessions or authorizations as grounds to request an extension or suspension of the obligations related to the relevant phase.
30.3. When any activity or Exploration Operation requires environmental permits, authorizations, concessions or licenses, THE CONTRACTOR shall abstain from carrying them out unless and until it obtains said permits, authorizations, concessions or licenses.
30.4. Without the approval of the environmental impact studies and the issuance of the corresponding environmental licenses or other requirements, THE CONTRACTOR may not commence Exploitation.
30.5. The non-performance of any of the obligations referred to in subsections 30.1, 30.2, 30.3 and 30.4 is grounds for termination due to breach of the terms of Clause 29 (subsection 29.2, sub-item (g)).
Subsequent Obligations. In addition to the terms and conditions otherwise contained herein, the obligation of the Lender to make or incur subsequent Obligations is subject to the satisfaction, on the date of making or incurring each such Obligation, of the following conditions:
(a) All of representations and warranties of the Company contained in this Agreement and the Related Documents shall be true and accurate in all Material respects as if made on such date, except to the extent that, such representations and warranties that specifically relate to an earlier date, in which case they shall be true and accurate in all Material respects as of such earlier date, and except that the representations and warranties contained in Section 3.2 shall be deemed to refer to the most recent financial statements furnished pursuant to Section 5.3;
(b) There shall not exist on such date any Default and no Default shall occur as the result of the making or incurring of such Obligation;
(c) The aggregate principal amount of all Revolving Loans outstanding together with the amount of any Revolving Loan requested shall not exceed the Revolving Loan Commitment; and
(d) Each of the Related Documents shall remain in full force and effect.
Subsequent Obligations. Once this contract ends for whatever reason and at whatever time, the Parties have the obligation to satisfactorily perform their mutual legal obligations as well as those before third parties and those contracted hereunder. This includes to assume the responsibility for resulting losses and damages when the contract has been unilaterally ended and for reasons attributable to the CONTRACTOR, including legal indemnifications and compensations.
Subsequent Obligations. Upon any termination of this Agreement, Licensee shall promptly return to Licensor the Documentation for the TouchShare Software, including all copies prepared by or for Licensee. Within sixty (60) days after the effective date of termination, Licensee shall certify in writing that all such materials have been returned.
Subsequent Obligations. If this Contract is terminated for any cause, and at any time, the Parties are obliged to perform their legal obligations to each other, and to third parties, as contracted in this Contract. This includes the assumption of responsibility CLAUSE 29-ENVIRONMENT
29.1 THE CONTRACTOR will pay special attention to the protection of the environment, and to compliance with regulations on the matter. Without prejudice to compliance with legal or military requirements, for this purpose THE CONTRACTOR will prepare and execute plans of a preventive nature, to guarantee the protection, conservation and restoration of renewable natural resources affected by Exploration Operations, Evaluation Operations and Exploitation Operations under this Contract. At the same time, THE CONTRACTOR will adopt and implement specific contingency plans to attend to emergencies, and repair damage in the most efficient and timely way possible.
29.2 THE CONTRACTOR will make a half-Yearly report to XXX on environmental aspects of operations in progress, the application of preventive plans and contingency plans, and with regard to the state of activities or applications to the environment convert environmental authorities with regard to permits, authorizations, concessions or licenses, as the case may be.
29.3 If an activity or Exploration Operations requires permits, authorizations, concessions or environmental licenses, THE CONTRACTOR will not pursue that activity or operation until the permit, authorizations, concession or license is obtained.
29.4 THE CONTRACTOR may not commence Exploitation without approval of the environmental impact study and the issue of related environmental licenses.
29.5 Failure to comply with any of the obligations is a cause of termination of breach, in terms of SubSection 28.2 (g). CLAUSE 30-ABANDONMENT
Subsequent Obligations. Upon termination of this contract due to any cause, and at any time, the Parties have the obligation to comply satisfactorily with their legal obligations committed to among themselves, and with third parties, and those committed to herein.
