Terms of Obligations Sample Clauses

The "Terms of Obligations" clause defines the specific duties and responsibilities that each party must fulfill under the agreement. It typically outlines what actions are required, the standards or timelines for performance, and any conditions that must be met for obligations to be considered satisfied. For example, it may specify delivery schedules, quality requirements, or reporting duties. This clause ensures that all parties have a clear understanding of their commitments, reducing the risk of disputes and promoting accountability throughout the contractual relationship.
Terms of Obligations. Each Obligation shall be designated as provided in the respective Supplemental Agreement authorizing such Obligation and shall be of the lien status specified therein.
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Terms of Obligations. Guarantor acknowledges that the terms and conditions of the Team's use of the Stadium are set forth entirely in respective written agreements between the Authority and the Team.
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Terms of Obligations. Subject to the terms of the Swaps, the terms and conditions applicable to the Obligations owing to each Swap Counterparty by Accredited shall be such as such Swap Counterparty and Accredited shall from time to time agree upon and may be changed or modified at any time in accordance with the applicable Swap without in any manner affecting this Agreement or impairing this Agreement.
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Terms of Obligations. The obligation of each Sponsor under this Article 3 shall commence upon the initial Disbursement under the Investment Agreement and shall terminate for such Sponsor upon the earliest to occur of the following four events: (i) with respect to such Sponsor, (x) the payment in full of the maximum liability of such Sponsor specified in Section 3.4 hereof, and (y) a period of one hundred twenty (120) days (or such other period as may be applicable under applicable bankruptcy, insolvency or similar laws) has elapsed since the condition set out in clause (i) (x) is satisfied without any court determining that the Sponsor is insolvent or, if such determination is made within that time, the Lenders are reasonably satisfied that no payment made to the Lenders or the Trustee by the Sponsor will be set aside as a consequence thereof under any law relating to bankruptcy, insolvency or similar matters; (ii) the date on which (x) the payment in full by HMGN of the Purchase Price (as defined in the Project Agreement) pursuant to Section 6 of the Project Agreement and receipt thereof by the Lenders and (y) a period of one hundred twenty (120) days (or such other period as may be applicable under applicable bankruptcy, insolvency or similar laws) has elapsed since the condition set out in clause (ii) (x) is satisfied without any court determining that HMGN is insolvent or, if such determination is made within that time, the Lenders are reasonably satisfied that no payment made by HMGN will be set aside as a consequence thereof under any law relating to bankruptcy, insolvency or similar matters; (iii) (x) payment in full of all Obligations has been made, and all obligations of the Lenders under the Loan Documents have terminated or expired, and (y) a period of one hundred twenty (120) days (or such other period as may be applicable under applicable bankruptcy, insolvency or similar laws) has elapsed since the condition set out in clause (iii) (x) is satisfied without any court determining that the Company is insolvent or, if such determination is made within that time, the Lenders are reasonably satisfied that no payment made to the Lenders or the Trustee by the Company will be set aside as a consequence thereof under any law relating to bankruptcy, insolvency or similar matters; or (iv) the occurrence of the Project Completion Date.
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Related to Terms of Obligations

  • Conditions of Obligations Your obligations hereunder shall be subject to the accuracy of the representations and warranties on the part of the Company contained in Section 1 hereof, the accuracy of the statements of the Company made pursuant to the provisions hereof, to the performance by the Company of its covenants, agreements and obligations contained in Sections 3 and 5 hereof, and to the following additional conditions:

  • Duration of Obligations The Contractor’s obligations under this clause shall continue in full force and effect and be coterminous with the Contract. However, the obligations not to use or disclose, and to return on request or destroy Protected Information already disclosed to the Contractor at the time of termination shall continue for as long as Contractor holds the Protected Information.

  • Extent of Obligations The Parties shall ensure that all necessary measures are taken in order to give effect to the provisions of this Agreement in their respective territories, including ensuring that their respective regional and local governments and authorities, and non- governmental bodies in the exercise of governmental powers delegated to them by central, regional and local governments or authorities observe all obligations and commitments under this Agreement.

  • Reaffirmation of Obligations Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

  • 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.