Outstanding Obligations. Borrower shall have no obligations as of the date of this Agreement except those approved by HUD in writing and, except for those approved obligations, the Land has been paid for in full (or if the Land is subject to a leasehold interest, it must be subject to a HUD-approved lease), and is free from any liens or purchase money obligations, except as approved by HUD. As of the date hereof, all contractual obligations relating to the Project have been fully disclosed to HUD.
Outstanding Obligations. The Parties acknowledge by this Agreement that the consideration provided and received by each other is fair, just and reasonable and that no further consideration, compensation or obligation will be due, payable or owing with regard to the Employment Agreement as of the date of this Agreement.
Outstanding Obligations. As of any date of determination, the sum of the outstanding principal amount of the Loans.
Outstanding Obligations. As of the First Closing Date, the Company shall have provided to Buyer an updated schedule of Outstanding Obligations setting forth the Company’s operating lease obligations as of December 31, 2007.
Outstanding Obligations. Any outstanding obligations on the part of the Tenant to be observed and performed under the Offer Letter and/or the Agreement for Tenancy Agreement (if any) pursuant to which this Agreement is entered into shall continue to be in force and shall not merge with this Agreement unless the Landlord shall otherwise stipulate.
Outstanding Obligations. Except as otherwise described in Schedule 5.14, to the best of Seller’s knowledge, there are no outstanding authorizations for expenditures in excess of One Hundred Thousand Dollars ($100,000), net to Seller’s interest, or other written commitments or proposals to conduct operations on the Assets.
Outstanding Obligations. As of any date of determination, the sum of the outstanding principal amount of the Loans under the Facility (including Swingline Loans and Competitive Bid Loans) plus the stated amount of each Letter of Credit issued under ss.2.9 which has not expired or terminated prior to the date of determination.
Outstanding Obligations. 20. All obligations of Debtors to perform work pursuant to any outstanding Consent Decree, Unilateral Administrative Order, Agreed Order, or Administrative Order on Consent regarding any of the Designated Properties or Sites, the Not Owned Portions of the Xxxxxx Springs Site, and the Other Arizona Sites (as defined below), and any statutory, stipulated, or other penalties allegedly due from Debtors as of February 1, 2009, are fully resolved and satisfied by this Settlement Agreement and Debtors shall be removed as a party to such orders or decrees pursuant to the terms hereof on the Effective Date (as defined in Subparagraph 9(a)); provided, however, that: (a) all requirements to retain records shall remain in full force and effect until the Effective Date (as defined in Subparagraph 9(a)), and that Debtors shall produce, or make available for production, in the state and condition in which such records are found any such records so retained to the United States or any State with respect to a Designated Property or Site as to which such State is a party to any order or consent decree; (b) with respect to the Xxxxxx Consent Decree, United States v. ASARCO, Inc. et al., No. 2:98CV0415B (D. Utah), the United States and ASARCO will file papers with the District Court for the District of Utah to modify the Consent Decree to conform to this Settlement Agreement and remove ASARCO as a party to the Consent Decree after the Effective Date; and (c) Debtors shall continue to perform work with respect to the Beckemeyer Designated Property, the Xxxxxx Site, and the unowned portions of the Globe Site until the Effective Date if Debtors are designated as the Performing Entity under the 2009 Annual Budget of the Prepetition ASARCO Environmental Trust at these properties to the extent funds are made available. A government agency may not impose any statutory, stipulated, or other penalties allegedly due from Debtors for Debtors’ conduct occurring between February 1, 2009 and the Effective Date with respect to the Designated Properties or Sites unless it has given notice to the Debtors, the Official Committee of Unsecured Creditors of ASARCO LLC, the Official Committee of Unsecured Creditors for the Subsidiary Debtors, and the Future Claims Representative of the terms of any potentially applicable statutory, stipulated, or other penalties prior to the date the Debtors’ allegedly actionable conduct occurred (except that no additional notice shall be required to enforce stipu...
Outstanding Obligations. Except as otherwise described in Schedule 5.14, there are no outstanding authorizations for expenditures in excess of Fifty Thousand Dollars ($50,000), net to Seller’s interest, or other written commitments or proposals to conduct operations on the Assets.
Outstanding Obligations. Payments due under the contract will be applied towards any debt that is owed to the State of Texas, including but not limited to delinquent taxes and child support.
