Obligation to pay definition

Obligation to pay a beneficiary" has a corresponding meaning.
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Obligation to pay in Section 1 of the Security Agreement shall be revised to $6,350,000 upon the Borrower’s receipt of the New Loans
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Obligation to pay. We will not pay any amount under this section unless the insured persons' obligation to pay has been determined by judgment against the insured person after trial or by written agreement between the insured person, the claimant and us. If You Use Someone's Vessel: If, as an individual, you or members of your family who reside with you have permission to use someone else's yacht for private pleasure, this section of the policy and its limits will apply during such use. We will pay for losses only after all other insurance covering the loss has been exhausted. This limitation will apply whether you or the yacht's owner has the other insurance. But we will not pay for damage to or loss of the other person's yacht. Federal Longshoremen's and Harbour Workers' Compensation Act of the United States of America: We will provide you with coverage required by the Federal Longshoremen's and Harbour Workers' Compensation Act. We will cover you as long as your responsibility arises from your ownership or use of your yacht. The Longshoremen's and Harbour Workers' Compensation Act is Public Act No. 803 of the 69th Congress, approved March 4, 1927. It also includes any amendments which are in force while this policy is in effect. We will comply with all the provisions of this Act, and with any rules, regulations, orders and decisions of the Office of Workers' Compensation Programs, of the U.S. Department of Labor. POLLUTION /SPILL LIABILITY
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Examples of Obligation to pay in a sentence

  • Upon completion of the Facility Improvements, Tenant shall pay Landlord for the actual and reasonable costs of those Facility Improvements listed on Exhibit F within thirty (30) days of written request by Landlord accompanied by invoices substantiating the cost; provided that Tenant’s Obligation to pay for any Facility Improvements shall not equal or exceed Thirty Thousand Dollars ($30,000.00).

  • The Company has not paid any amount, or accrued or incurred any Obligation to pay for any cost or expense incurred, with respect to any Seller and Company Transaction Costs and Expenses, except to the extent addressed in an adjustment to the Purchase Price pursuant to this Agreement.

  • Seller(s)/Owner(s) also expressly agree that such withdraw or termination shall not relieve Seller(s)/Owner(s) Obligation to pay for the services already rendered by Listing Broker.

  • Nothing in this Agreement shall affect or impair the Recipient’s Obligation to pay Payments as provided herein or shall affect or impair the right of the State Water Board to bring suit to enforce such payment.

  • Obligation to pay to EUS delay interest under Article 10.5. shall remain unaffected.

  • Failure of Owner to execute a written listing agreement shall not relieve Owner from Owner’s Obligation to pay such brokerage fee to Agent in the event of a sale or exchange of the Property by Owner.

  • If a party is prevented, hindered or delayed from performing its Obligations under this Agreement (other than an Obligation to pay money) by an Event of Force Majeure, then as long as that situation continues, that party shall be excused from performance of the Obligation to the extent it is so prevented, hindered or delayed, and that time for performance of the Obligation shall be extended accordingly, but if time is of the essence of this Agreement, time shall continue to remain of the essence.

  • Upon any Disposition, the Successor Corporation resulting from such Disposition shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such Successor Corporation has been named as the Company herein; provided, however, that neither the Company nor any Successor Corporation shall be released from its Obligation to pay the principal of, premium, if any, and accrued and unpaid interest on, the Senior Notes.

  • Obligation to pay the administrative fee does not apply to consumers.

  • Bank’s sole duties in connection with payment of the Obligations shall be, upon presentment at maturity of an issued Obligation, to pay the principal amount of a discounted Obligation or principal plus interest of an interest-at-maturity Obligation to the party appearing to be entitled thereto, and to debit the Issuer’s account with the Bank (Account No. ▇▇▇▇▇▇▇▇) for such amount under advice to the Issuer at the address specified in Section 15 hereof.

Related to Obligation to pay

  • Obligations means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the documentation governing any Indebtedness.

  • Obligation means any principal, interest, penalties, fees, indemnification, reimbursements, costs, expenses, damages and other liabilities payable under the documentation governing any Indebtedness.

  • Payment Obligations means any and all obligations of the Authority to pay or reimburse the Bank contained in or evidenced by any Authority Document, including, without limitation, obligations to reimburse the Bank for all Drawings under the Letter of Credit, all obligations to repay the Bank for any Unreimbursed Amount and any Bank Loan, including all interest accrued thereon, all amounts owing under the Bank Note, the fees relating to the Letter of Credit and all other obligations of the Authority to the Bank arising under, or in relation to, or evidenced by, this GR Reimbursement Agreement or the Bank Note.

  • Pay means rate of compensation for the job.

  • accrued is used in its accounting sense, i.e., an amount paid is no longer accrued. In the calculation of amounts of things, differences and sums may generally result in negative numbers, but when the calculation of the excess of one thing over another results in zero or a negative number, the calculation is disregarded and an "excess" does not exist. Portions of things may be expressed as fractions or percentages interchangeably.