Executory Obligations Clause Samples
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Executory Obligations. The financial obligations of CITY under this Concession Agreement shall be deemed executory until the Board of Commissioners appropriates funds therefore. No liability shall be incurred by CITY beyond the funds made available for the purpose of this Concession Agreement by the Board of Commissioners.
Executory Obligations. Borrower or its Affiliates have performed all of their obligations to the Purchasers and there are no executory obligations owed to Purchasers to be performed by Borrower or its Affiliates, except for non-delinquent and executory obligations disclosed to Purchasers in their Purchase Agreements or the Project Documents.
Executory Obligations. Subject to Section 1.03, the executory obligations of the Company not required to be performed prior to or as of the Closing Date under the Acquired Contracts, the Real Property Leases, the Personal Property Leases and the permits and other agreements transferred pursuant to Section 1.01(a)(ix), including obligations relating to customer deposits under homebuilding contracts.
Executory Obligations. In the event this Agreement expires or is terminated for any reason, the Parties' executory obligations to each other, except for any outstanding payments due, shall also terminate except as expressly provided in this Section 8.0.