Issuer’s Obligations. Issuer warrants that it will operate its offering(s) in compliance with all federal and state laws.
Issuer’s Obligations. (a) The Issuer (and following an Issuer Event of Default and service of a Notice to Pay on the Guarantor, the Guarantor) must:
Issuer’s Obligations. During the effectiveness of this Agreement, the Issuer, in addition to the obligations to be undertaken in the Deed, especially agrees to:
Issuer’s Obligations. The Issuer’s liability to the Debenture Trustee and the Debenture Holders shall not be discharged till the Final Settlement Date. For the avoidance of doubt, notwithstanding that the Issuer may have paid all amounts due to Debenture Trustee or any of the Debenture Holders under the Debenture Documents, the Issuer shall remain liable to such Debenture Holder or Debenture Trustee if, as a result of any sharing arrangement amongst the Debenture Holders, or between Debenture Holders and the Debenture Trustee, such Debenture Holder or Debenture Trustee is obliged to share the payments made by the Issuer and consequently the obligations owing to such Debenture Holder or Debenture Trustee under the Debenture Documents are still owing, due or payable.
Issuer’s Obligations. The Issuer’s obligations shall include the following:
Issuer’s Obligations. The Issuer and each New Issuer acknowledges and agrees that its obligations under this Indenture, any Supplemental Indenture and any Note are joint and several, provided, however, that no New Issuer shall be liable for any such obligations of any other Issuer in respect of Notes or a Series of Notes that were issued prior to the time that such New Issuer became an Issuer pursuant to any Supplemental Indenture unless it expressly agrees to be so liable.
Issuer’s Obligations. Subject to the terms and conditions of this Agreement, and in reliance on the representations, warranties and undertakings of the Applicant set out herein, the Issuer shall issue an insurance-based guaranty on a difference in conditions basis for the Vessels (the “Guaranty”). The Issuer shall use its best efforts to cause such Guaranty to be accepted by the U.S. Coast Guard for the issuance of COFRs for the Vessels, however, THE ISSUER MAKES NO REPRESENTATION OR WARRANTY NOR SHALL IT BE DEEMED TO HAVE MADE ANY REPRESENTATION OR WARRANTY, EITHER EXPRESS OR IMPLIED, AS TO THE PRESENT OR CONTINUED ACCEPTABILITY OR SUITABILITY OF THE GUARANTY FOR PURPOSES OF THE ISSUANCE OF COFRS FOR THE VESSELS, NOR DOES THE ISSUER MAKE, NOR SHALL IT BE DEEMED TO HAVE MADE, ANY REPRESENTATION OR WARRANTY, EITHER EXPRESS OR IMPLIED, THAT COFRS WILL BE ISSUED FOR THE VESSELS, OR ANY OF THEM, OR AS TO THE CONTINUED VALIDITY OF ANY COFRS THAT ARE ISSUED FOR THE VESSELS, OR ANY OF THEM. In the event that the Guaranty is not acceptable or should become unacceptable for purposes of obtaining COFRs for the Vessel(s), this Agreement shall be terminated.
Issuer’s Obligations. (a) The Issuer’s obligations under these Terms (including in relation to the deferred purchase of the Delivery Assets) are direct obligations of the Issuer.
Issuer’s Obligations. Notwithstanding anything herein to the contrary, the Issuer’s and Trustee’s payment obligations hereunder are payable as additional required payments under the Indenture.
Issuer’s Obligations. Notwithstanding any provisions herein to the contrary, but subject to and without limitation of any right under the Joint Operating Agreement to net or offset amounts owing to Issuer against any Assumed Liabilities owing by Issuer, all out-of-pocket payment obligations of Issuer under or in connection with this Agreement are nonrecourse obligations of Issuer payable solely from the Collateral (as defined in the Indenture) in accordance with the priorities set forth in Section 8.06 of the Indenture, and following realization of the Collateral and its reduction to zero, any claims of a Person against Issuer under this Agreement shall be extinguished and shall not thereafter revive. It is understood that the foregoing provision shall not limit the right of any Person claiming hereunder to name Issuer as a party defendant in any proceeding or in the exercise of any other remedy, so long as no judgment in the nature of a deficiency judgment shall be asked for or (if obtained) enforced against Issuer.
