Obligations and Compliance with Loans and Contracts Sample Clauses
The 'Obligations and Compliance with Loans and Contracts' clause defines the requirement for a party to adhere to all terms and conditions set forth in any loan agreements or contractual arrangements they are party to. This typically means the party must make timely payments, fulfill covenants, and avoid any actions that would constitute a default under those agreements. By including this clause, the contract ensures that all parties remain in good standing with their financial and contractual commitments, thereby reducing the risk of breaches that could negatively impact the agreement or trigger penalties.
Obligations and Compliance with Loans and Contracts. The Servicer will duly fulfill and comply with all material obligations on the part of the Borrower to be fulfilled or complied with under or in connection with each Loan and each Contract and will do nothing to impair the rights of the Collateral Agent as agent for the Secured Parties or of the Secured Parties in, to and under the Collateral.
Obligations and Compliance with Loans and Contracts. The Servicer (i) will duly fulfill and comply with all material obligations on the part of the Borrower to be fulfilled or complied with under or in connection with each Loan and each Contract and (ii) will do nothing to impair the rights of the Collateral Agent as agent for the Secured Parties or of the Secured Parties in, to and under the Collateral; provided that, no such impairment of such rights with respect to the Collateral shall be deemed to have occurred so long as the Borrower has fulfilled all of its payment obligations under Section 4.5.
Obligations and Compliance with Loans and Contracts. Credit Acceptance will duly fulfill and comply with all material obligations on the part of the Borrower to be fulfilled or complied with under or in connection with each Loan and each Contract and will do nothing to impair the rights of the Collateral Agent as agent for the Secured Parties or of the Secured Parties in, to and under the Collateral.