Responsibilities of Borrower Sample Clauses

Responsibilities of Borrower. Anything herein to the contrary notwithstanding, the exercise by the Agent and the Secured Parties of their rights hereunder shall not release the Servicer, any Originator or Borrower from any of their duties or obligations with respect to any Receivables or under the related Contracts. Neither the Agent nor any of the Secured Parties shall have any obligation or liability with respect to any Receivables or related Contracts, nor shall any of them be obligated to perform the obligations of Borrower.

Responsibilities of Borrower. Anything herein to the contrary notwithstanding, the exercise by the Agent and the Lenders of their rights hereunder shall not release the Servicer, the Originator or the Borrower from any of its duties or obligations with respect to any Receivables or under the related Contracts. The Lenders shall have no obligation or liability with respect to any Receivables or related Contracts, nor shall any of them be obligated to perform the obligations of the Borrower or Originator.

Responsibilities of Borrower. Anything herein to the contrary notwithstanding: (a) The Borrower shall perform all of its obligations under the Contracts included in the Collateral and under the other agreements related to the Collateral to the same extent as if the Loan had not been extended hereunder and the exercise by any Secured Party of its rights hereunder shall not relieve the Borrower from such obligations. (b) No Secured Party shall have any obligation or liability with respect to any Collateral or any related agreements, nor shall any of them be obligated to perform any of the obligations of the Borrower thereunder.

Responsibilities of Borrower. FINANCIAL AND OTHER INFORMATION Borrower will maintain its financial books and records in accordance with generally accepted accounting principles, consistently applied; and when requested by Bank, Borrower, at no cost to Bank, will furnish additional information and statements relating to Borr▇▇▇▇'▇ (including its general partners, if any) financial condition and business operations, including tax returns, and verification of use of loan proceeds. Borrower will permit, at Bank's request, employees or agents of Bank to examine or audit Borr▇▇▇▇'▇ ▇ooks, accounts, and records; and make copies and memoranda of Borr▇▇▇▇'▇ ▇ooks, accounts, and records. If Borr▇▇▇▇ ▇▇▇ntains any records in the possession of a third party (including computer-generated records and computer OPERATION OF BUSINESS Borrower will comply with all applicable laws, ordinances, rules and regulations; notify Bank in writing prior to any change in any aspect of Borrower's business that directly or indirectly relates to any agreements between Borrower and Bank; and permit Bank to inspect any and all of Borrower's property. Borrower will maintain fire, other hazard, public liability and such other insurance policies as is customary for businesses similar to Borrower's, each in form, amounts, coverages and with an Acceptable Insurance Company. (a) engage in any business activities substantially different from those in which Borrower is presently engaged; (b) dissolve, cease operations, liquidate, merge, transfer, acquire, or consolidate with any other entity, or change ownership, location or name; (c) transfer or sell any of its assets out of the ordinary course of business except for fair consideration; (d) purchase or retire any of Borrower's outstanding shares, or alter or amend Borrower's capital structure; and (e) if Borrower is a Trust, terminate or revoke the Trust, in whole or in part.

Responsibilities of Borrower. The borrower agrees to: A. when possible, initiate the process by presenting identification to the home library to verify that his/her status is “in good standing”; have home library contact the liaison at the lending library of borrower’s plans to borrow materials. A borrower may visit another library without initiating the process at the home library; however, at the discretion of the lending library, passport privileges may not commence until the borrower’s status has been confirmed with the home library. The confirmation process could be delayed depending on the availability of program liaisons and library service hours. B. at the lending library, present an institutional ID. C. provide any additional contact information required by the lending library, and sign any and all documents required by the lending library with respect to borrower’s privileges and responsibilities. D. observe the policies and regulations of the lending library, and understand that all library services may not necessarily be available to the Passport Program borrower (e.g. computer use, interlibrary loan, etc). E. understand that the number of items allowed for checkout to Passport Program borrowers is determined by the respective lending library. F. return materials in person or by mail within the loan period prescribed by the lending library. G. return materials immediately, by priority mail, when recalled by the lending library. H. pay fines or other charges incurred as the result of late return, damage, or loss of materials. I. recognize that abuses of borrowing privileges will lead to loss of such privileges.

Responsibilities of Borrower. Section 8.5