Payment Covenant. The Issuer shall duly and punctually pay the principal of and interest on, if any, the Notes in accordance with the terms of the Notes and this Indenture. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.
Payment Covenant. 24 SECTION 3.2 Maintenance of Office or Agency............................................................24 SECTION 3.3 Money for Payments To Be Held in Trust.....................................................24 SECTION 3.4 Existence..................................................................................26 SECTION 3.5 Protection of Trust Estate.................................................................26 SECTION 3.6 Opinions as to Trust Estate................................................................26 SECTION 3.7 Performance of Obligations; Servicing of Receivables.......................................27 SECTION 3.8
Payment Covenant. 24 SECTION 3.2 Maintenance of Office or Agency . . . . . . . . . . . . . 24 SECTION 3.3 Money for Payments To Be Held in Trust . . . . . . . . . . 25 SECTION 3.4 Existence . . . . . . . . . . . . . . . . . . . . . . . . 26 SECTION 3.5 Protection of Trust Estate . . . . . . . . . . . . . . . . 27 SECTION 3.6 Opinions as to Trust Estate . . . . . . . . . . . . . . . 27 SECTION 3.7 Performance of Obligations; Servicing of Receivables . . . 28 SECTION 3.8
Payment Covenant. 59 11.1.2 Corporate Existence................................ 59 11.1.3 Conduct of Business................................ 59 11.1.4
Payment Covenant. The Corporation shall use best efforts to ensure that it has sufficient Available Cash to make all payments due under this Agreement without regard to the last sentence of Section 4.01(b), including using best efforts to cause the Company to make distributions to the Corporation to make such payments so long as there is not a continuing default or event of default under any credit agreement, loan agreement, note, indenture or other agreement governing indebtedness of the Company or any of its Subsidiaries or the Corporation and such payment or incurrence of indebtedness would not give rise to a default under any such credit agreement, loan agreement, note, indenture or other agreement governing indebtedness of the Company or any of its Subsidiaries or the Corporation.
Payment Covenant it will, and it will cause each of its Subsidiaries which is a Loan Party to, duly and punctually pay all sums of money due and payable by it under the terms of this Agreement and any other Loan Document at the times and places, in the currencies, and in the manner specified;
Payment Covenant. 30 SECTION 3.2. Maintenance of Office or Agency..............................30 SECTION 3.3. Money for Payments To Be Held in Trust.......................30 SECTION 3.4. Existence....................................................32
Payment Covenant. 13 Section 3.2 Maintenance of Office or Agency....................................................13 Section 3.3 Money for Payments To Be Held in Trust.............................................13 Section 3.4 Existence..........................................................................14 Section 3.5 Protection of Trust Estate.........................................................15 Section 3.6 Opinions as to Trust Estate........................................................15 Section 3.7 Performance of Obligations; Servicing of Receivables...............................15 Section 3.8 Negative Covenants.................................................................17 Section 3.9 Annual Statement as to Compliance..................................................18 Section 3.10 Consolidation, Merger, etc., of the Issuer; Disposition of Subtrust Assets....................................................................18 Section 3.11 No Other Business..................................................................18 Section 3.12
Payment Covenant. For each calendar year or portion thereof during the Term, Tenant shall pay as Additional Rent to Landlord the sum of (i) Tenant Electric, (ii) Tenant's Share of the amount (hereinafter referred to as "Expense Increases"), if any, by which Operating Expenses for such calendar year exceed Operating Expenses for the Operating Expense Base Year, provided, however, that Expense Increases for any calendar year shall not exceed eight percent (8%) of the immediately preceding calendar year, and (iii) Tenant's Share of the amount (hereinafter referred to as "Tax Increases") if any, by which Real Estate Taxes for such calendar year exceed Real Estate Taxes for the Real Estate Tax Base Year.
Payment Covenant. The City covenants that it shall duly and punctually pay from the Non-Ad Valorem Revenues in accordance with Section 2.05 hereof, the principal of and interest on the Series 2019 Note at the dates and place and in the manner provided herein and in the Series 2019 Note according to the true intent and meaning thereof and all other amounts due under this Agreement.
