Examples of Surviving Indemnities in a sentence
On the Maturity Date or on any earlier termination of this Agreement Borrower shall pay in full all Obligations, and notwithstanding any termination of this Agreement all of TBCC's security interests and all of TBCC's other rights and remedies shall continue in full force and effect until payment and performance in full of all Obligations (other than the Surviving Indemnities, as defined below).
If this Agreement is terminated pursuant to this Section, the Down Payment shall be promptly returned to Buyer and the parties hereto shall be released from all further obligations and liabilities hereunder, except with respect to the Surviving Indemnities.
The work will require interaction with key stakeholders, including the South African Heritage Resources Agency (SAHRA), the architect, and the project manager.
Upon termination of the Lease and the payment in full of all obligations (other than Surviving Indemnities) under the Lease, the Agent shall return any such letter of credit, to the extent undrawn, to the issuer thereof for cancellation.
All such funds, and earnings thereon, shall remain in the Deposit Account until all obligations (other than Surviving Indemnities) under the Lease are paid in full.
The Borrower hereby assigns and grants to the Lender a continuing first priority lien on, and security interest in, all the Borrowers right, title, and interest in and to the collateral described in the next sentence (the "Collateral") to secure the payment and performance of all the Obligations other than the Surviving Indemnities.
It is the express intention and agreement of the parties that the foregoing indemnity shall survive the consummation of the transactions contemplated in this Agreement (the "Surviving Indemnities").
In the event this Agreement is so terminated by Buyer, the Down Payment shall be returned to Buyer and the parties shall be released from all further obligations and liabilities hereunder, except with respect to the covenants and indemnities set forth in Sections 4, 6.1, 6.3, 7.1 and 15 (the "Surviving Indemnities").
All such funds, and earnings thereon, shall remain in the Deposit Account until all Obligations (other than Surviving Indemnities) are paid in full.
The obligations of the Borrower with respect to the Surviving Indemnities shall be limited pursuant to and in accordance with the provision of Section 9.17 of the Reimbursement Agreement, as incorporated in the Loan Documents, and such provision shall survive the termination of the Loan Documents, but only to the extent specifically set forth therein.