Note Obligations Clause Samples
The Note Obligations clause defines the responsibilities and commitments of the parties regarding the issuance, payment, and management of promissory notes or similar debt instruments. It typically outlines the borrower's duty to repay principal and interest according to a specified schedule, as well as any requirements for delivering or endorsing notes, maintaining records, or notifying parties of changes. This clause ensures that all parties clearly understand their financial obligations and the procedures for handling notes, thereby reducing the risk of disputes or misunderstandings related to debt repayment.
Note Obligations. This Mortgage is given for the purpose of securing the payment and performance of all agreements, covenants, conditions, warranties, representations and other obligations of Grantor and Borrower (including, without limitation, the obligation to repay the Indebtedness) under the Indenture Documents to which Grantor and Borrower are parties, whether now or hereafter existing, whether matured or unmatured, contingent or liquidated (collectively, and as any of the foregoing may be amended, modified, supplemented, renewed, extended, repledged or replaced, the “Note Obligations”). The maximum principal amount that may be secured hereby is One Hundred Fifty Million and 00/100 Dollars ($150,000,000.00).
Note Obligations. Prencen Lending acknowledges that it is must comply with the terms of the Notes and fulfill its obligations thereunder.
Note Obligations. This Deed of Trust is given for the purpose of securing the payment and performance of all agreements, covenants, conditions, warranties, representations and other obligations of Grantor (including, without limitation, the obligation to repay the Indebtedness) under the Indenture Documents to which Grantor is a party, whether now or hereafter existing, whether matured or unmatured, contingent or liquidated (collectively, and as any of the foregoing may be amended, modified, supplemented, renewed, extended, repledged or replaced, the “Note Obligations”). The maximum principal amount that may be secured hereby is One Hundred Fifty Million and 00/100 Dollars ($150,000,000.00).
Note Obligations. Each of the Buyers acknowledges that it is must comply with the terms of the Notes and fulfill its obligations thereunder.
Note Obligations. This Agreement secures, in accordance with the provisions hereof, and the Pledged Collateral is collateral security for, the payment in full when due, whether at stated maturity, by acceleration or otherwise, and performance of, the Note Obligations. The Pledged Collateral shall be held by the Collateral Agent for the benefit of the Secured Parties pursuant to the terms hereof and subject to the Accounts Agreement, and shall be administered by the Collateral Agent in the manner contemplated hereby and thereby.