Rights and Obligation. (a) The Company shall remain liable to perform its duties and obligations under the contracts and agreements included in the Collateral in accordance with their respective terms to the same extent as if this Agreement had not been executed and delivered. The exercise by the Collateral Trustee or any Secured Party of any right, remedy, power or privilege in respect of this Agreement shall not release the Company from any of its duties and obligations under such contracts and agreements. Neither the Collateral Trustee nor any Parity Lien Secured Party shall have a duty, obligation or liability under such contracts and agreements or in respect to any Government Approval included in the Collateral by reason of this Agreement or any other Security Document, nor shall the Collateral Trustee or any Parity Lien Secured Party be obligated to perform any of the duties or obligations of the Company under any such contract or agreement or any such Government Approval or to take any action to collect or enforce any claim (for payment) under any such contract or agreement or Government Approval.
Rights and Obligation. Lender and Borrowers hereby expressly reserve the right to amend any provision of this Agreement upon mutual agreement, to consent to or waive any departure from the provisions of this Agreement, to amend upon mutual agreement, to consent to or waive departure from the provisions of the City Note and/or the MRP Note, and to release or revise any collateral security for payment of the MRP Note, as provided in Paragraph 8 herein.
Rights and Obligation. You have the right to receive the Onsite Exchange as described herein if the conditions of Section 1 of this Schedule 2 on Onsite Exchange are fulfilled. Additionally You are entitled to receive a discount on purchase of new hardware upgrade, meaning a more performing version of the hardware platform. To receive the hardware upgrade, you are obliged to hand in the older hardware and You Confidential have to maintain the Software License. You acknowledge and agree that all services covered by this Schedule 2 have to be purchased together with the AXS GUARD and these services have a minimum duration of one (1) year. AXS GUARD / Able has the right to subcontract the fulfillment of any of its obligations under this Agreement to a third party (“AXS GUARD / Able Hardware Service Center”).
Rights and Obligation. 2.1 The holder of the license agrees that the certified products manufactured and supplied by him as specified in the license attached to this agreement complies with the requirements stated in the BDS and Scheme of Testing & Inspection and other provisions of the Products Certification Scheme as published in the BSTI regulations 2022. Accordingly, the Bangladesh Standards and Testing Institution (BSTI) authorizes the holder of the license to use the BSTI certification mark on the products to which the license applies and to announce publicly that certification has been received.
Rights and Obligation. 1. Throughout the collaboration, each party shall safeguard and protect the legal interest of the other party and shall not conduct any act that may undermine the economic interests and goodwill of the other party.
Rights and Obligation. Borrower : i Proper use of loan in accordance with the terms set as therein ii Providing the true and complete fiancial report and relevant information, and assist the investigation of the borrower’s business and fiancial activities in connection with the use of fund.
Rights and Obligation. 2.1 Representation and Warrants Both parties represent and warrant as follows:
Rights and Obligation. Party B has rights to monitor the way that the Loan Amount is used by Party A, fully understand Party A’s solvency. All information provided by Party A to Party B should be true and complete. In the event that Party A fails to use the Loan Amount according to this Agreement, Party B has the right to withdraw the Loan Amount, and is entitled to the interest at the market rate on the breaching portion.
Rights and Obligation. 1. Party A, Party B and Party C agree that Party A shall have no obligation to pay off Rongentang Wine and Herbal Wine’s debt incurred before the completion of registration in local government. Party A shall only be responsible for the debt of Rongentang Wine and Herbal Wine up to the amount of its equity investment.
Rights and Obligation. 1. Party B shall formulate its own business strategy and organize marketing team to provide the operation service.
