OBLIGATIONS UNDER NOTES Clause Samples
The "Obligations Under Notes" clause defines the responsibilities and duties of the parties involved with respect to promissory notes or similar debt instruments issued under an agreement. Typically, this clause outlines the issuer's obligation to make timely payments of principal and interest, as well as any requirements for maintaining records or providing notices related to the notes. By clearly specifying these obligations, the clause ensures that all parties understand their roles and helps prevent disputes regarding payment terms or administrative duties associated with the notes.
OBLIGATIONS UNDER NOTES. (a) The obligations of the Issuer under the Notes are constituted by, and specified in, this agreement and in the Conditions.
(b) Each Note is a separate debt of the Issuer.
(c) The entitlement of any person to a Note is determined by registration as a Note Holder of that Note.
(d) The making of, or giving effect to, a manifest error in an inscription in the Register will not avoid the creation or transfer of a Note.
OBLIGATIONS UNDER NOTES. (a) The obligations of the Issuer under the Notes are constituted by, and specified in, this agreement and in the Conditions. Payment Funding Facility Agreement - SMHL Global Fund No. 7
(b) Each Note is a separate debt of the Issuer.
(c) The entitlement of any person to a Note is determined by registration as a Note Holder of that Note.
(d) The making of, or giving effect to, a manifest error in an inscription in the Register will not avoid the creation or transfer of a Note.
OBLIGATIONS UNDER NOTES. Any party who assumes the obligations of the Public Companies under the Private Company Agreements (whether or not through a bankruptcy proceeding), including but not limited to the Lender, shall also be deemed to have assumed the obligations under the Notes (including principal, interest and contingent interest).
OBLIGATIONS UNDER NOTES. (a) The obligations of the Issuer under the Notes are constituted by, and specified in, this agreement and in the Conditions. -------------------------------------------------------------------------------- Freehills Sydney\004832884 PAGE 8
(b) Each Note is a separate debt of the Issuer.
(c) The entitlement of any person to a Note is determined by registration as a Note Holder of that Note.
(d) The making of, or giving effect to, a manifest error in an inscription in the Register will not avoid the creation or transfer of a Note.