Metro’s Obligations Sample Clauses

Metro’s Obligations. Metro shall, to the extent consistent with applicable Law and at the sole cost and expense of Parking Company, cooperate with Parking Company with respect to documentation reasonably necessary to obtain, maintain and replace financing for the performance of the obligations of Parking Company hereunder. Metro’s cooperation may include reviewing, Approving and executing documents which substantiate the terms of this Agreement and making Information and material available to Parking Company’s lenders to facilitate financing to the extent permitted by applicable Law and contractual obligations with third parties and to the extent reasonable in the circumstances. If requested to do so by Parking Company, Metro shall use its reasonable efforts to cause Metro’s independent public accountants to consent to the preparation, use and inclusion of certain financial information regarding the Metered Parking System in connection with Parking Company’s public or private offering of securities, as the case may be. Further, Metro shall, promptly upon the request of Parking Company or any Secured Lender, execute, acknowledge and deliver to Parking Company, or any of the parties specified by Parking Company, standard consents and estoppel certificates with respect to this Agreement which may be qualified to the best of the knowledge and belief of a designated Representative of Metro. Nothing herein shall require Metro to incur any additional obligations or liabilities or to take any action, give any consent or enter into any document inconsistent with the provisions of this Agreement.
Sample 1
AutoNDA by SimpleDocs
Metro’s Obligations. In furtherance of the services to be provided by Metro pursuant to Clause 2.1, Metro's obligations shall include, but shall not be limited to, the following:
Sample 1
Metro’s Obligations. Metro shall have no responsibility or obligation for the operation, maintenance, repair, replacement or refurbishment of the Premises other than expressly provided for in this Section 6. With the annual audited financial statements described in Section 3, MFP shall deliver to Metro a detailed accounting (with such supporting documentation as Metro may reasonably request) of all capital expenditures made to upgrade, replace or maintain capital items at the Premises during the audit period. The sum of Seven Hundred Fifty Thousand Dollars ($750,000) provided solely from the sources set forth in Section 8(a) below, shall be paid to MFP by Metro within sixty (60) days following delivery of paid receipts and other supporting documentation establishing that at least that amount has been spent on capital expenditures to the Premises by MFP. For calendar years 2009-2013, if the capital expenditures by MFP (not including the Two Hundred Fifty Thousand Dollars ($250,000) for 2008 provided pursuant to Section 8(a)) average Five Hundred Thousand Dollars ($500,000) per calendar year, Metro shall reimburse MFP for a portion of such capital expenditures in the amount of Two Hundred Fifty Thousand Dollars ($250,000) for each such year in which the average annual capital expenditures from and after the Amendment Effective Date equal or exceed Five Hundred Thousand Dollars ($500,000). Metro shall pay such reimbursement within sixty (60) days following receipt of the accounting and all requested supporting documentation. Metro shall have no other or further obligation with regard to the operation, upkeep, maintenance, replacement or repair of the Premises. For purposes of this Section 6, the phrase “capital expenditures” shall include all expenditures made by MFP to upgrade, replace, repair or maintain the Premises whether expensed on a current basis or capitalized for accounting purposes according to generally accepted accounting principles.
Sample 1

Related to Metro’s Obligations

  • Vendor’s Obligations Vendor shall incur no further obligations in connection with the terminated work and on the date set in the notice of termination Vendor will stop work to the extent specified. Vendor shall also terminate outstanding orders and subcontracts as they relate to the terminated work. Vendor shall settle the liabilities and claims arising out of the termination of subcontracts and orders connected with the terminated work. The MTC or designee may direct Vendor to assign Vendor’s right, title, and interest under terminated orders or subcontracts to the MTC. Vendor must still complete the work not terminated by the notice of termination and may incur obligations as are necessary to do so.

  • Licensors Obligations 4.5.1. Xxxxx the Licensee the right to use the intellectual property (the Service) as in the Agreement. Ensure 24/7 availability of the Service, apart from preventive maintenance time.

  • CUSTOMER'S OBLIGATIONS 8.1 The Customer shall:

  • PAYMENTS OBLIGATIONS On and after the Effective Date, the Assignee shall be entitled to receive from the Administrative Agent all payments of principal, interest and fees with respect to the interest assigned hereby. The Assignee shall advance funds directly to the Administrative Agent with respect to all Loans and reimbursement payments made on or after the Effective Date with respect to the interest assigned hereby. [In consideration for the sale and assignment of Loans hereunder, (i) the Assignee shall pay the Assignor, on the Effective Date, an amount equal to the principal amount of the portion of all Adjusted Alternate Base Rate Loans assigned to the Assignee hereunder and (ii) with respect to each ratable LIBOR Advance made by the Assignor and assigned to the Assignee hereunder which is outstanding on the Effective Date, (a) on the last day of the Interest Period therefor or (b) on such earlier date agreed to by the Assignor and the Assignee or (c) on the date on which any such Loan either becomes due (by acceleration or otherwise) or is prepaid (the date as described in the foregoing clauses (a), (b) or (c) being hereinafter referred to as the "Fixed Due Date"), the Assignee shall pay the Assignor an amount equal to the principal amount of the portion of such Loan assigned to the Assignee which is outstanding on the Fixed Due Date. If the Assignor and the Assignee agree that the applicable Fixed Due Date for such Loan shall be the Effective Date, they shall agree, solely for purposes of dividing interest paid by the Borrower on such Loan, to an alternate interest rate applicable to the portion of such Loan assigned hereunder for the period from the Effective Date to the end of the related Interest Period (the "Agreed Interest Rate") and any interest received by the Assignee in excess of the Agreed Interest Rate, with respect to such Loan for such period, shall be remitted to the Assignor. In the event a prepayment of any Loan which is existing on the Effective Date and assigned by the Assignor to the Assignee hereunder occurs after the Effective Date but before the applicable Fixed Due Date, the Assignee shall remit to the Assignor any excess of the funding indemnification amount paid by the Borrower under Section 4.4 of the Credit Agreement an account of such prepayment with respect to the portion of such Loan assigned to the Assignee hereunder over the amount which would have been paid if such prepayment amount were calculated based on the Agreed Interest Rate and only covered the portion of the Interest Period after the Effective Date. The Assignee will promptly remit to the Assignor (i) the portion of any principal payments assigned hereunder and received from the Administrative Agent with respect to any such Loan prior to its Fixed Due Date and (ii) any amounts of interest on Loans and fees received from the Administrative Agent which relate to the portion of the Loans assigned to the Assignee hereunder for periods prior to the Effective Date, in the case of ratable Adjusted Alternate Base Rate Loans or Fees, or the Fixed Due Date, in the case of LIBOR Loans, and not previously paid by the Assignee to the Assignor.]* In the event that either party hereto receives any payment to which the other party hereto is entitled under this Assignment Agreement, then the party receiving such amount shall promptly remit it to the other party hereto.

  • Contractor’s Obligations The Contractor shall fully and timely provide all deliverables described in the Solicitation and in the Contractor’s Offer in strict accordance with the terms, covenants, and conditions of the Contract and all applicable Federal, State, and local laws, rules, and regulations.

  • Managers’ Obligations 4.1 The Managers undertake to use their best endeavours to provide the agreed Management Services as agents for and on behalf of the Owners in accordance with sound ship management practice and to protect and promote the interests of the Owners in all matters relating to the provision of services hereunder. Provided, however, that the Managers in the performance of their management responsibilities under this Agreement shall be entitled to have regard to their overall responsibility in relation to all vessels as may from time to time be entrusted to their management and in particular, but without prejudice to the generality of the foregoing, the Managers shall be entitled to allocate available supplies, manpower and services in such manner as in the prevailing circumstances the Managers in their absolute discretion consider to be fair and reasonable.

  • Conditions of the Company’s Obligations The obligations of the Company to the Purchaser under this Agreement are subject to the fulfillment, on or before each Closing Date, of each of the following conditions:

  • Obligations During the Employment Term, Executive will perform his duties faithfully and to the best of his ability and will devote his full business efforts and time to the Company. For the duration of the Employment Term, Executive agrees not to actively engage in any other employment, occupation or consulting activity for any direct or indirect remuneration without the prior approval of the Board.

  • AGENT'S OBLIGATIONS The Agent shall:

Time is Money Join Law Insider Premium to draft better contracts faster.