Common use of Performance by Debtor Clause in Contracts

Performance by Debtor. The Debtor will observe and perform all the obligations imposed on the Debtor by or in respect of the Collateral, maintain the Collateral in good standing and not do or permit to be done anything to impair and not omit to do anything that would impair the security interest hereby created. The Debtor will not default under any provisions of any of the Collateral or, without the prior written consent of Secured Party, amend the Collateral or give any consent, concession or waiver or exercise any option of the Debtor permitted by such terms, or cancel or terminate the Collateral or accept the surrender thereof.

Appears in 2 contracts

Sources: General Security Agreement (Innexus Biotechnology Inc), General Security Agreement (Innexus Biotechnology Inc)

Performance by Debtor. The Debtor will shall observe and perform all the obligations imposed on the Debtor by or in respect of the Collateral, maintain the Collateral in good standing and not do or permit to be done anything to impair and not omit to do anything that would impair the security interest hereby created. The created and the Debtor will not default under any provisions of any of the Collateral or, without the prior written consent of the Secured Party, amend the Collateral or give any consent, concession or waiver or exercise any option of the Debtor permitted by such terms, or cancel or terminate the Collateral or accept the surrender thereof.;

Appears in 1 contract

Sources: Security Agreement (Pacific Stratus Ventures LTD)