Examples of Future Texas in a sentence
The payment by the Partnerships, Future Nevada and Future Texas, as and when due and payable, of all amounts from time to time owing by such Person under or in respect of the Guaranty, or any of the other Obligation Documents to which such Person is a party, and the due performance by the Partnerships, Future Nevada and Future Texas of all of its other respective obligations under or in respect of the Guaranty and such other Obligation Documents.
Notwithstanding that, by the terms of the various Security Documents, Future Texas and the Partnerships are and will be assigning to Sellers all of the "Production Proceeds" (as defined therein) accruing to the property covered thereby, so long as no Default has occurred Future Texas and the Partnerships may continue to receive from the purchasers of production all such Production Proceeds, subject, however, to the Liens created under the Security Documents, which Liens are hereby affirmed and ratified.
In no case shall any failure, whether purposed or inadvertent, by LP Sellers to collect directly any such Production Proceeds constitute in any way a waiver, remission or release of any of their rights under the Security Related Documents, nor shall any release of any Production Proceeds by LP Sellers to Future Texas or the Partnership constitute a waiver, remission, or release of any other Production Proceeds or of any rights of LP Sellers to collect other Production Proceeds thereafter.
Future Texas, the Partnerships and the other direct and indirect subsidiaries of Buyer are mutually dependent on each other in the conduct of their respective businesses under a holding company structure, with the credit needed from time to time by each often being provided by another or by means of financing obtained by one such affiliate with the support of the others for their mutual benefit and the ability of each to obtain such financing being dependent on the successful operations of the others.
Future Texas and the other direct and indirect subsidiaries of Buyer are mutually dependent on each other in the conduct of their respective businesses under a holding company structure, with the credit needed from time to time by each often being provided by another or by means of financing obtained by one such affiliate with the support of the others for their mutual benefit and the ability of each to obtain such financing being dependent on the successful operations of the others.
Upon the occurrence of a Default, LP Sellers may exercise all rights and remedies granted under the Security Related Documents, including the right to obtain possession of all Production Proceeds then held by Future Texas and the Partnership or to receive directly from the purchasers of production all other Production Proceeds.
In no case shall any failure, whether purposed or inadvertent, by Sellers to collect directly any such Production Proceeds constitute in any way a waiver, remission or release of any of their rights under the Security Documents, nor shall any release of any Production Proceeds by Sellers to Future Texas or the Partnerships constitute a waiver, remission, or release of any other Production Proceeds or of any rights of Sellers to collect other Production Proceeds thereafter.
Upon the occurrence of a Default, Sellers may exercise all rights and remedies granted under the Security Documents, including the right to obtain possession of all Production Proceeds then held by Future Texas and the Partnerships or to receive directly from the purchasers of production all other Production Proceeds.
The payment by each Partnership, Future Nevada and Future Texas, as and when due and payable, of all amounts from time to time owing by such Debtor under or in respect of the Guaranty, or any of the other Obligation Documents to which such Debtor is a party, and the due performance by such Debtor of all of its other respective obligations under or in respect of the Guaranty and such other Obligation Documents.