Example ContractsClausesPayment Obligations
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PAYMENT OBLIGATIONS. In consideration for the sale and assignment hereunder, the [[Organization C:Organization]] shall pay the [[Organization D:Organization]], on the Effective Date, the amount agreed to by the [[Organization D:Organization]] and the [[Organization C:Organization]]. On and after the Effective Date, the [[Organization C:Organization]] shall be entitled to receive from the Agent all payments of principal, interest and fees with respect to the interest assigned hereby. The [[Organization C:Organization]] will promptly remit to the [[Organization D:Organization]] any interest and fees received from the Agent which relate to the portion of the Commitment or Loans assigned to the [[Organization C:Organization]] hereunder for periods prior to the Effective Date and not previously paid by the [[Organization C:Organization]] to the [[Organization D:Organization]]. In the event that either party hereto receives any payment to which the other party hereto is entitled under this Assignment Agreement, then the party receiving such amount shall promptly remit such amount to the other party hereto.

Payment of Obligations. Pay and discharge as the same shall become due and payable, all its obligations and liabilities, including # all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets; # all lawful claims which, if unpaid, would by law become a Lien upon its property; and # all Indebtedness, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness; unless, with respect to any obligation or liability described in [clause (a), (b), or (c) above], # such obligation or liability is being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the applicable Borrower and each applicable Restricted Subsidiary, as applicable, # in the case of [clause (a) above] only, the failure to make such payment could not reasonably be expected to be materially adverse to the Borrowers and their Restricted Subsidiaries, taken as a whole, or # in the case of [clauses (b) and (c) above] only, the failure to make such payment could not reasonably be expected to have a Material Adverse Effect.

Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, in accordance with industry practice (subject, where applicable, to specified grace periods) all its material obligations (including Federal, State, local and any other taxes) of whatever nature and any additional costs that are imposed as a result of any failure to so pay, discharge or otherwise satisfy such obligations, except when the amount or validity of such obligations and costs is currently being contested in good faith by appropriate proceedings and reserves, if applicable, in conformity with GAAP (or, with respect to the Canadian Borrower, Canadian GAAP) with respect thereto have been provided on the books of the Credit Parties or their Subsidiaries, as the case may be.

[[Organization B:Organization]] may charge to [[Organization A:Organization]]' Account as a Revolving A Advance or, at the discretion of Swing Loan [[Organization C:Organization]], as a Swing Loan # all payments with respect to any of the Obligations required hereunder (including without limitation principal payments, payments of interest, payments of Letter of Credit Fees and all other fees provided for hereunder and payments under [Sections 16.5 and 16.9]9]) as and when each such payment shall become due and payable (whether as regularly scheduled, upon or after acceleration, upon maturity or otherwise), # without limiting the generality of the [foregoing clause (i)], all expenses which [[Organization B:Organization]] incurs in connection with the forwarding of Advance proceeds and the establishment and maintenance of any Controlled Accounts as provided for in [Section 4.15(h), and (iii)])] any sums expended by [[Organization B:Organization]] or any [[Organization C:Organization]] due to any Loan Party's failure to perform or comply with its obligations under this Agreement or any Other Document, and all amounts so charged shall be added to the Obligations and shall be secured by the Collateral. To the extent Revolving A Advances are not actually funded by the other Lenders in respect of any such amounts so charged, all such amounts so charged shall be deemed to be Revolving A Advances made by and owing to [[Organization B:Organization]] and [[Organization B:Organization]] shall be entitled to all rights (including accrual of interest) and remedies of a [[Organization C:Organization]] under this Agreement and the Other Documents with respect to such Revolving A Advances.

Other Payment Obligations. Defaults shall exist under any financing agreements of with any third party or parties which consists of the failure to pay any indebtedness for borrowed money at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of such indebtedness for borrowed money of , in each case, in an aggregate amount in excess of ;

Payment Obligations Absolute. Except as provided in this Article 6 and in Article 7, the Company’s obligation to make the payments and the arrangements provided for herein shall be absolute and unconditional, and shall not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right that the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder shall be paid without notice or demand. Except as provided in this Article 6 and in Article 7, each and every payment made hereunder by the Company shall be final, and the Company shall not seek to recover all or any part of such payment from the Executive or from whosoever may be entitled thereto, for any reasons whatsoever.

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Obligations. In furtherance and not in limitation of either the foregoing or any other provision of this Agreement or any of the other Loan Documents, the Borrowers shall pay and perform their obligations set forth in [Section 9.3.3] below upon demand, each of which also shall be guaranteed by each Guarantor in accordance with the Guaranty of Recourse Obligations.

Obligations. This Release does not affect the Employee’s rights and obligations under the Company’s standard Employee Agreement or any other secrecy, confidentiality, non-competition, or invention agreements that the Employee has signed with the Company or under the various Company employee compensation or benefit plans and programs, except as specifically modified herein. Apart from the benefits recited in this Release, Employee waives any rights Employee has to any benefits offered or adopted by the Company that are not specifically listed in this Release, except for those benefits in which the Employee has vested rights pursuant to the applicable plan and applicable law that cannot legally be waived.

Payment of Letter of Credit Obligations. The Borrowers agree to reimburse the Letter of Credit Issuer for any draw under any Letter of Credit promptly upon demand, and to pay the issuer of the Letter of Credit (or the Agent, for the account of such issuer) the amount of all other obligations and other amounts payable to such issuer under or in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense or other right which the Borrowers may have at any time against such issuer or any other Person.

The Loan Parties will pay and discharge, and will cause each of the Subsidiaries to pay and discharge, all Taxes imposed upon it or upon its income or profits or upon any properties belonging to it, prior to the date on which penalties attach thereto; provided that none of the Loan Parties or any of the Subsidiaries shall be required to pay any such Tax which # is being contested in good faith and by proper proceedings if it has maintained adequate reserves with respect thereto in accordance with GAAP or # the failure to pay could not reasonably be expected to have a Material Adverse Effect.

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