Common use of Covenants to Pay Clause in Contracts

Covenants to Pay. The Mortgagor hereby covenants that it will on demand pay to the Security Trustee and the other Finance Parties, the Secured Obligations when the same become due for payment or discharge in accordance with the Finance Documents. [Mortgage of Shares]

Appears in 2 contracts

Sources: Deed of Mortgage of Shares (China Netcom Group CORP (Hong Kong) LTD), Deed of Mortgage of Shares (China Netcom Group CORP (Hong Kong) LTD)