Other Obligations of Borrower Sample Clauses
The 'Other Obligations of Borrower' clause defines additional duties and responsibilities that the borrower must fulfill under the agreement, beyond the primary obligation to repay the loan. These obligations may include requirements such as maintaining insurance, providing financial statements, complying with applicable laws, or notifying the lender of significant changes in the borrower's circumstances. By specifying these supplementary requirements, the clause ensures that the lender is kept informed and protected against risks that could affect the borrower's ability to repay, thereby safeguarding the lender's interests throughout the term of the loan.
Other Obligations of Borrower. The Borrower hereby agrees that the Borrower shall be and at all times shall remain the obligated party under the Debentures and shall be the party responsible for the payment of all obligations under the Debentures.
Other Obligations of Borrower. Notwithstanding any of the terms and conditions of this Agreement or of the Loan Documents, Originator agrees that all collateral held and/or received by Originator specifically as security for the payment of the Loan shall be held by Originator only as security for the payment of the Loan, and shall not be used or applied toward the payment of obligations of Borrower to Originator (if any) otherwise evidenced or incurred, so long as the Loan or any part thereof remains unpaid and Participant has a Participation Interest therein.
Other Obligations of Borrower. As soon as possible following the Date of Issuance, Borrower shall insure that a complete transcript of proceedings relating to the issuance of the Bonds is delivered to Bank.
Other Obligations of Borrower. Borrower:
3.16.1. will, upon request of the Agent or the Investors, execute such financing statements and other documents (and pay the cost of filing or recording the same in all public offices deemed necessary by the Investors) and do such other acts and things, all as the Agent or any Investor may from time to time reasonably request to establish and maintain a valid security interest in the Collateral (free of all other liens, claims and rights of third parties) to secure the payment of the Obligations;
3.16.2. will keep, at its address set forth in this Agreement, its records concerning the Collateral, which records will be of such character as will enable the Agent, the Investors or their designees to determine at any time the status of the Collateral, and Borrower will not, without the Investors’ prior written consent, duplicate any such records at any other address;
3.16.3. will, within twenty (20) calendar days of the last day of each month, unless the Investors agree to quarterly information, furnish the Agent and the Investors with monthly schedules (including information with respect to employee payroll taxes), executed by a duly authorized officer of Borrower, showing all Accounts outstanding, on an aging basis, in such detail as the Agent or the Investors may request, in addition to such other information concerning Borrower, the Collateral, the Special Account and the Account Debtors relating to the Accounts as the Investors may from time to time request;
3.16.4. will permit the Agent, any Investors and their designees, from time to time, upon reasonable notice, to inspect, audit and make copies of and extracts from all records and all other papers in the possession of Borrower pertaining to the Collateral, the Special Account and the Account Debtors;
3.16.5. will stamp on its records concerning the Collateral, a notation, and will affix to any Collateral which constitutes equipment, a notice, in form satisfactory to the Agent or the Investors, of the security interest of the Investors under this Agreement;
3.16.6. will not create or permit to exist any lien on or security interest in any Collateral to or in favor of anyone other than the Investors;
3.16.7. will reimburse the Investors for all expenses, including reasonable attorneys’ fees and legal expenses, incurred by the Investors in seeking to collect or enforce any rights to the Collateral or under this Agreement, the Note or the other Transaction Documents;
3.16.8. when and as reasonab...