Common use of Mitigation of penalties Clause in Contracts

Mitigation of penalties. The Borrower is obliged to comply with the terms of this Loan Agreement. Where the Borrower fails to comply with any obligations in connection with this Loan Agreement he shall incur liabilities and/or penalties in accordance with the Loan Agreement. In order to avoid any liabilities or penalties arising in connection with the Loan Agreement, the Borrower shouldensurethathecompliesatalltimeswith theLoanAgreement. Where the Borrower does breach the terms of the Loan Agreement, he should immediately seek to remedy such breach in order to mitigate any liabilities or penalties arising there from. This clause is without prejudice to all rights of the Lender and shall not be construed as placing any limitations on the rights and remedies available to the Lender in connection with the Loan.

Mitigation of penalties. The Borrower is obliged to comply with the terms of this Loan Agreement. Where the Borrower fails to comply with any obligations in connection with this Loan Agreement he shall incur liabilities and/or penalties in accordance with the Loan Agreement. In order to avoid any liabilities or penalties arising in connection with the Loan Agreement, the Borrower shouldensurethathecompliesatalltimeswith theLoanAgreementshould ensure that he complies at all times with the Loan Agreement. Where the Borrower does breach the terms of the Loan Agreement, he should immediately seek to remedy such breach in order to mitigate any liabilities or penalties arising there from. This clause is without prejudice to all rights of the Lender and shall not be construed as placing any limitations on the rights and remedies available to the Lender in connection with the Loan.

Mitigation of penalties. The Borrower is obliged to comply with the terms of this Loan Agreement. Where the Borrower fails to comply with any obligations in connection with this Loan Agreement he shall incur liabilities and/or penalties in accordance with the Loan Agreement. In order to avoid toavoid any liabilities or penalties arising in connection with the Loan Agreement, the Borrower shouldensurethathecompliesatalltimeswith theLoanAgreementshould ensure that he complies at all times with the Loan Agreement. Where the Borrower does breach the terms of the Loan Agreement, he should immediately seek to remedy such breach in order to mitigate any liabilities or penalties arising there from. This clause is without prejudice to all rights of the Lender and shall not be construed as placing any limitations on the rights and remedies available to the Lender in connection with the Loan.