Pay Indebtedness Sample Clauses
The 'Pay Indebtedness' clause requires a party, typically the borrower, to fulfill their obligation to repay any outstanding debts as specified in the agreement. This clause generally applies to all amounts owed under the contract, including principal, interest, and any related fees, and may set out the timing, method, and conditions for repayment. Its core practical function is to ensure that the lender is repaid in accordance with agreed terms, thereby reducing the risk of default and providing clear expectations for both parties.
Pay Indebtedness. The Indebtedness shall be paid as provided in the Note or Guaranty, as the case maybe, and as provided herein.
Pay Indebtedness. Except in the ordinary course of business, neither Borrower, nor any Primary Obligor nor any Secondary Obligor shall defease, prepay, repay, purchase, redeem or otherwise acquire any of its Indebtedness for borrowed money.
Pay Indebtedness. Pay or cause to be paid when due (or within applicable grace periods) all indebtedness of each such Obligor.
Pay Indebtedness. None of Borrower, any Primary Obligor, any Mid-Tier Company, or any Secondary Obligor-R other than an REO Affiliate, shall defease, prepay, purchase, redeem or otherwise acquire or repay any of its Indebtedness for borrowed money, except for prepayments and repayments thereof when due.
Pay Indebtedness. Pay, renew or extend the principal and interest on all material Indebtedness owed by the Borrower as the same shall become due and payable.
Pay Indebtedness duly and punctually pay all Obligations owing to the Agent and the Lenders hereunder on the dates, times and places, and in the manner specified herein;
Pay Indebtedness. The Indebtedness shall be paid as provided in the Note or Guaranty, as the case may be, and as provided herein. For purposes of this Mortgage the Guaranty shall mean, collectively, certain Continuing Guarantees given in connection with the indebtedness set forth in the Note, dated the date hereof, executed and delivered to Mortgagee by each of Alterra Healthcare Corporation ("Alterra"), Assisted Living Equities, LLC ("ALE"), Mark ▇. ▇▇▇▇▇▇▇▇, ▇▇il ▇. ▇▇▇▇, ▇▇d Davi▇ ▇. ▇▇▇▇▇▇▇▇ (▇▇l of whom collectively, jointly and severally shall be the "Guarantors"). Paragraph 2 of the Mortgage shall be deleted in its entirety and replaced with the following:
Pay Indebtedness subject to Clause 10.1
(1) (Affirmative Undertakings and Covenants-Subordinated Advances), the Borrower shall pay all its indebtedness when due for payment and perform all other obligations under the Financing Documents;
Pay Indebtedness. Pay, renew or extend the principal and interest on all Material Indebtedness owed by the Parties as the same shall become due and payable.
Pay Indebtedness. Except in the ordinary course of business, Borrower shall not defease, prepay, repay, purchase, redeem or otherwise acquire any of its Indebtedness for borrowed money, other than (i) payments to Cargill or (ii) payments of Indebtedness to Affiliates expressly permitted pursuant to a subordination agreement applicable thereto.