Xxxxxxxx’s Obligations. If any damage to, loss, or destruction of the Property occurs (any “Damage”), (i) Borrower shall promptly notify Lender and take all necessary steps to preserve any undamaged part of the Property and (ii) if the insurance proceeds are made available for Restoration (defined below) (but regardless of whether any proceeds are sufficient for Restoration), Borrower shall promptly commence and diligently pursue to completion the restoration, replacement, and rebuilding of the Property as nearly as possible to its value and condition immediately prior to the Damage or a Taking (defined below) in accordance with plans and specifications approved by Lender (“Restoration”). Borrower shall comply with other reasonable requirements established by Lender to preserve the security under this Instrument.
Xxxxxxxx’s Obligations. Borrower will promptly notify Lender of any threatened or instituted proceedings for the condemnation or taking by eminent domain of the Property including any change in any street (whether as to grade, access, or otherwise) (a “Taking”). Borrower shall, at its expense, (i) diligently prosecute these proceedings, (ii) deliver to Lender copies of all papers served in connection therewith, and (iii) consult and cooperate with Xxxxxx in the handling of these proceedings. No settlement of these proceedings shall be made by Borrower without Xxxxxx’s prior written consent. Lender may participate in these proceedings (but shall not be obligated to do so) and Borrower will sign and deliver all instruments requested by Xxxxxx to permit this participation.
Xxxxxxxx’s Obligations. Lender may allow me, or a Person who takes over my rights and obligations, to delay or to change the amount of the Periodic Payments. Even if Xxxxxx does this, however, I will still be fully obligated under the Note and under this Security Instrument unless Xxxxxx agrees to release me, in writing, from my obligations.
Xxxxxxxx’s Obligations. Upon receipt of Licensee Fee from Licensee, Balsamiq will (a) supply the Licensee with the Product via electronic download; and (b) provide Software Maintenance as defined in Clause 6 below.
Xxxxxxxx’s Obligations. 8.1. The Borrower undertakes to repay the Overdraft, outstanding Interest, Limit Fee and other payments arising from the Agreement pursuant to the procedure and on the conditions provided in the Agreement, by allowing free debiting of the Account at least in the amount of the Debt by the end of the Debt Repayment Date (i.e. the Borrower shall ensure availability of sufficient funds for the debiting of the amounts payable under the Agreement or availability of unused Overdraft Limit on the Account, and, if necessary, make a transfer to the Account so as to enable the Bank to debit the payable amounts without exceeding the Overdraft Limit.
8.2. The Borrower undertakes to present to the Bank, within 10 (ten) Banking Days after receiving the corresponding request, the information and documents requested by the Bank concerning the financial position of the Borrower and/or verification of the possibility to repay the Overdraft.
8.3. The Borrower undertakes to notify the Bank immediately in writing or in a format which can be reproduced in writing, of the occurrence of the following events:
8.3.1. changes in the Borrower’s personal data and/or place of residence and/or other contact data;
8.3.2. a petition has been filed with a court for the restructuring of the debts of the Borrower;
8.3.3. criminal, execution or bankruptcy proceedings have been initiated against the Borrower (including the appointment of an interim trustee in the processing of a bankruptcy petition);
8.3.4. the Borrower’s regular income has decreased;
8.3.5. events have occurred, affecting appropriate fulfilment of the terms and conditions of the Agreement by the Borrower;
8.3.6. the Borrower has taken additional loans and/or assumed other proprietary obligations in front of a third party. Obligations assumed as a result of taking a loan and/or lease and/or securing the obligations of a third party (including surety) shall be considered as loan and/or other proprietary obligations.
8.4. Where a Collateral is requested for securing appropriate performance of the Agreement (including entry into Collateral Agreements), the Borrower is obliged to:
8.4.1. insure the Collateral under the terms and conditions set forth in the Collateral Agreement (if the insurance of the Collateral is required by the Collateral Agreement), present the insurance policy in proof of fulfilment of the insurance obligation, and ensure fulfilment of the insurance obligation and presentation of the insurance policy also if t...
Xxxxxxxx’s Obligations. To pay to us, the loan sum, including any convenience, default or penalty fees, flat interest rate, and other amounts due to the Lender charged to this Account. Xxxxxxxx promises to pay these amounts as agreed in this Agreement on or before the Payment Due Date. The Lender reserves the right to presume that the Borrower has authorized any loan application made in the name of the Borrower using this Account. The Borrower will be deemed responsible for any unauthorized application using this Account unless the Borrower notifies the Lender, in writing, of imminent fraud by another person on the Borrower’s account within 24 hours of such fraud. To repay the loan given to you and/or to someone you authorized to use this Account via direct cash transfer to a bank account listed by the Lender, an electronic debit from the card/account you provided on the due date, or through an acceptable electronic channel. The Lender reserves the right to accept early repayment before the Payment Due Date, provided the Borrower has given adequate notice and repays full loan along with the flat interest rate. Loan repayment via electronic debit card may be effected by the Lender in the way and manner hereinafter specified: The Lender shall charge a one-time processing fee the first time a Customer sets up a new debit card on the Account. In the event the card is expired or about to expire, you will have to obtain a renewed card from your bank or provide us with another personal debit card. The Lender shall deduct from the card setup on the repayment due date. We will never make any transactions on the card outside of the scheduled loan repayments. In the event of a double repayment initiated in error by you, we will on a best effort basis process a refund within a reasonable time. You hereby indemnify us against any and all losses, liabilities or damages that may arise in the event that you use a third party’s card on your Account without the consent of such third party. In the event of a default or insufficiency of funds in your bank account, you hereby authorize us to charge any other cards you may have on your Account or profile other than the primary card listed on an ongoing basis until the debt is settled. You understand and agree that we do not store card details on our platform thus card details shall be processed through a secure payment gateway that is PCI DSS compliant. To give The Lender authentic and up-to-date personal, social media, phone and financial records abo...
Xxxxxxxx’s Obligations. Lender may allow me, or a Person who takes over my rights and obligations, to delay or to change the amount of the Periodic Payments. Even if Xxxxxx does this, however, I will still be fully obligated under the Note and under this Security Instrument unless Xxxxxx agrees to release me, in writing, from my obligations. Lender may allow those delays or changes for me or a Person who takes over my rights and obligations, even if Xxxxxx is requested not to do so. Even if Lender is requested to do so, Lender will not be required to (1) bring a lawsuit against me or such a Person for not fulfilling obligations under the Note or under this Security Instrument, or (2) refuse to extend time for payment or otherwise modify amortization of the Sums Secured.
Xxxxxxxx’s Obligations. Lender may allow me, any Borrower, and any Successor in Interest of Borrower to delay or to change the amount of the Periodic Payments of principal and interest due under the Note or under this Security Instrument. Even if Lender does this, however, that Person and I will both still be fully obligated under the Note and under this Security Instrument. Lender may allow those delays or changes for a Successor in Interest of Borrower, even if Lender is requested not to do so. Xxxxxx will not be required to bring a lawsuit against a Successor in Interest of Borrower for not fulfilling obligations under the Note or under this Security Instrument, even if Lender is requested to do so by Borrower or a Successor in Interest of Borrower.
Xxxxxxxx’s Obligations. Upon and following the Effective Date 19 (defined in Section 55 below), XXXXXXXX hereby agrees to undertake and complete the 20 following activities within the time periods set forth herein and in Exhibit A:
21 a. Satisfy the conditions precedent to distribution of the ARPA Loan funds set 22 forth in Section 12 below.
23 b. Rehabilitate the Project in accordance with the timeline set forth in Exhibit A.
24 c. Operate the Project in such a manner so that it will remain affordable to 25 Qualified Very Low Income Households and Qualified Low Income 26 Households for the Affordability Period as defined in Section 15 below 27 without regard to (i) the term of the promissory note or (ii) any transfer of 1 ownership.
2 d. Maintain the Project in compliance with applicable local, state, federal laws, 3 codes and regulations as further described in Section 18 below until the 4 expiration of the Term of this Agreement set forth in Section 7 below and the 5 Affordability Period set forth in Section 15 below.
6 e. The SLFRF funds must be obligated by BORROWER by December 31, 2024, 7 and must be requisitioned by XXXXXXXX and disbursed by COUNTY by 8 December 31, 2026 (the “ARPA Loan Funds Deadline”). BORROWER shall 9 demonstrate to the COUNTY, in the COUNTY’s sole and absolute discretion, 10 that the SLFRF funds is deemed fully expended in compliance with the ARPA 11 Rules that relate to loans.
Xxxxxxxx’s Obligations. Lender may allow me, or a Person who takes over my rights and obligations, to delay or to change the amount of the Periodic Payments. Even if Lender does this, however, I will still be fully obligated
