Postponement of Obligations Sample Clauses

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Postponement of Obligations. Any obligations of a Party under the License shall be postponed automatically to the extent and for the period that the affected Party is prevented from meeting those obligations by reason of any cause beyond its reasonable control (other than lack of funds and applicable regulatory approval). The affected Party shall immediately notify the other Party of the commencement, nature of such cause and probable consequence. The affected Party shall also use its reasonable diligent efforts to render performance in a timely manner, utilizing all resources reasonably required in the circumstances.
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Postponement of Obligations. 22.1 Notwithstanding any other provisions of this Agreement, the Director, on his own initiative or upon appropriate justification by Unit Operator, may postpone any obliga- tion established by and under this Agree- ment to commence or continue drilling or to operate on or produce Unitized Substances from lands covered by this Agreement when in his judgement, circumstances warrant such action.
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Postponement of Obligations. 22.1 Notwithstanding any other provisions of this Agreement, the Authorized officer, on his own initiative or upon appropriate justification by Unit Operator, may postpone any obligation established by and under this Agreement to commence or continue drilling or to operate on or produce Unitized Substances from lands covered by this Agreement when, in his judgment, circumstances warrant such action.
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Postponement of Obligations. Until the Loan and other Guaranteed Obligations of any Borrower to the Servicer and the Participants have been paid in full (i) all present and future indebtedness of such Borrower to Sponsor (the “Subordinated Debt”) is hereby postponed to the present and future Loan Indebtedness of such Borrower to Servicer and each Participant, and all monies received from such Borrower or for its account by Sponsor with respect to such Subordinated Debt shall be received in trust for Servicer and the Participants, and promptly upon receipt, shall be paid over to Servicer for distribution to the Participants in accordance herewith until such Borrower’s Loan Indebtedness to Servicer and the Participants is fully paid and satisfied, all without prejudice to and without in any way affecting the obligations of the Sponsor hereunder; provided that unless a Loan Default or Loan Payment Default has occurred and is continuing with respect to such Borrower, the Sponsor may accept and retain any payments made by such Borrower to the Sponsor in the ordinary course of business, and (ii) Sponsor shall not have any rights of subrogation or otherwise to participate in any security held by the Servicer for any Loan to such Borrower or any other Guaranteed Obligations arising therefrom, and Sponsor hereby waives such rights until such time as such Loan and other Guaranteed Obligations have been paid in full to the Servicer and each Participant (whether by repurchase by the Sponsor, pursuant to this Article X or otherwise).
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Postponement of Obligations. Until the Franchisee Loans and other Franchisee Facility Guaranteed Obligations of any Franchisee Borrower to the Servicer and the Lenders have been paid in full (i) all present and future indebtedness of such Franchisee Borrower to the Parent Guarantor is hereby postponed to the present and future indebtedness of such Franchisee Borrower to the Servicer and each Lender, and all monies received from such Franchisee Borrower or for its account by the Parent Guarantor with respect to such indebtedness shall be received in trust for the Servicer and the Lenders, and promptly upon receipt, shall be paid over to the Servicer for distribution to the Lenders in accordance herewith until such Franchisee Borrower’s indebtedness to the Servicer and the Lenders is fully paid and satisfied, all without prejudice to and without in any way affecting the obligations of the Parent Guarantor hereunder; provided that unless and until the occurrence of a Franchisee Loan Default or Franchisee Loan Payment Default, the Parent Guarantor may accept and retain any payments made by any Franchisee Borrower to the Parent Guarantor in the ordinary course of business, and (ii) the Parent Guarantor shall not have any rights of subrogation or otherwise to participate in any security held by the Servicer for any Franchisee Loan to such Franchisee Borrower or any other Franchisee Facility Guaranteed Obligations arising therefrom, and the Parent Guarantor hereby waives such rights until such time as such Franchisee Loan and other Franchisee Facility Guaranteed Obligations have been paid in full to the Servicer and each Lender (whether by repurchase by the Parent Guarantor, pursuant to this Agreement or otherwise).
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Postponement of Obligations. Seller's obligations to Buyer with respect to deliveries of Fiber for any period during the term of this Agreement and within any such period shall be postponed to the extent reasonably required by adverse logging conditions within Seller's scheduled procurement areas.
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Postponement of Obligations. Any obligation of the Landlord or the Tenant which is affected by an ongoing arbitration proceeding shall be postponed pending receipt of the arbitrator’s decision, save and except that there shall be no postponement in the Tenant’s obligation to pay Rent unless there is an issue respecting an aspect of the payment of Rent, in which the amount in dispute shall be postponed pending receipt of the arbitrator’s decision.
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Related to Postponement of Obligations

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the relevant Group Member.

  • Fulfilment of Obligations The Parties shall take any general or specific measures required to fulfil their obligations under this Agreement.

  • Repayment of Obligations Notwithstanding anything to the contrary contained herein, the Borrower shall repay the Advances Outstanding, all accrued and unpaid Yield, any Breakage Fees, Increased Costs, all accrued and unpaid costs and expenses of the Administrative Agent and Lenders and all other Obligations (other than unmatured contingent indemnification obligations) in full on the Facility Maturity Date.

  • Reinstatement of Obligations If at any time all or any part of any payment made by Indemnitor or received by Lender from Indemnitor under or with respect to this Agreement is or must be rescinded or returned for any reason whatsoever (including, but not limited to, the insolvency, bankruptcy or reorganization of Indemnitor or Borrower), then the obligations of Indemnitor hereunder shall, to the extent of the payment rescinded or returned, be deemed to have continued in existence, notwithstanding such previous payment made by Indemnitor, or receipt of payment by Lender, and the obligations of Indemnitor hereunder shall continue to be effective or be reinstated, as the case may be, as to such payment, all as though such previous payment by Indemnitor had never been made.

  • Acceleration of Obligations Declare all Obligations, whether evidenced by this Agreement, by any of the other Loan Documents, or otherwise, including (i) any accrued and unpaid interest, (ii) the amounts which would have otherwise come due under Section 2.3(b)(ii) if the Loans had been voluntarily prepaid, (iii) the unpaid principal balance of the Loans and (iv) all other sums, if any, that shall have become due and payable hereunder, immediately due and payable (provided that upon the occurrence of an Event of Default described in Section 8.12 or 8.13 all Obligations shall become immediately due and payable without any action by Lender);