Terms of Obligations Sample Clauses

Terms of Obligations. Each Obligation shall be designated as provided in the respective Supplemental Agreement authorizing such Obligation and shall be of the lien status specified therein.
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Terms of Obligations. Guarantor acknowledges that the terms and conditions of the Team's use of the Stadium are set forth entirely in respective written agreements between the Authority and the Team.
Terms of Obligations. Subject to the terms of the Swaps, the terms and conditions applicable to the Obligations owing to each Swap Counterparty by Accredited shall be such as such Swap Counterparty and Accredited shall from time to time agree upon and may be changed or modified at any time in accordance with the applicable Swap without in any manner affecting this Agreement or impairing this Agreement.
Terms of Obligations. The obligation of each Sponsor under this Article 3 shall commence upon the initial Disbursement under the Investment Agreement and shall terminate for such Sponsor upon the earliest to occur of the following four events: (i) with respect to such Sponsor, (x) the payment in full of the maximum liability of such Sponsor specified in Section 3.4 hereof, and (y) a period of one hundred twenty (120) days (or such other period as may be applicable under applicable bankruptcy, insolvency or similar laws) has elapsed since the condition set out in clause (i) (x) is satisfied without any court determining that the Sponsor is insolvent or, if such determination is made within that time, the Lenders are reasonably satisfied that no payment made to the Lenders or the Trustee by the Sponsor will be set aside as a consequence thereof under any law relating to bankruptcy, insolvency or similar matters; (ii) the date on which (x) the payment in full by HMGN of the Purchase Price (as defined in the Project Agreement) pursuant to Section 6 of the Project Agreement and receipt thereof by the Lenders and (y) a period of one hundred twenty (120) days (or such other period as may be applicable under applicable bankruptcy, insolvency or similar laws) has elapsed since the condition set out in clause (ii) (x) is satisfied without any court determining that HMGN is insolvent or, if such determination is made within that time, the Lenders are reasonably satisfied that no payment made by HMGN will be set aside as a consequence thereof under any law relating to bankruptcy, insolvency or similar matters; (iii) (x) payment in full of all Obligations has been made, and all obligations of the Lenders under the Loan Documents have terminated or expired, and (y) a period of one hundred twenty (120) days (or such other period as may be applicable under applicable bankruptcy, insolvency or similar laws) has elapsed since the condition set out in clause (iii) (x) is satisfied without any court determining that the Company is insolvent or, if such determination is made within that time, the Lenders are reasonably satisfied that no payment made to the Lenders or the Trustee by the Company will be set aside as a consequence thereof under any law relating to bankruptcy, insolvency or similar matters; or (iv) the occurrence of the Project Completion Date.
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