Common use of Bound Clause in Contracts

Bound. Whenever in this Agreement, CFL and the Issuer is obligated to ensure that or requires Issuer to perform any obligation hereunder, the failure of the Issuer to perform such obligation shall be deemed to be a default of CFL or the Issuer under this Agreement.

Bound. ‌ Whenever in this Agreement, CFL and the Issuer is obligated to ensure that or requires Issuer to perform any obligation hereunder, the failure of the Issuer to perform such obligation shall be deemed to be a default of CFL or the Issuer under this Agreement.