UNDERLYING OBLIGATIONS Sample Clauses

UNDERLYING OBLIGATIONS. This is an all inclusive purchase money deed of trust, securing on all-inclusive purchase money promissory note in the original principal amount of __________________________________________________________________________________________________________________________ Dollars ($_________________) (the "Note") which includes within such amount the unpaid balance of the following:

UNDERLYING OBLIGATIONS. Copies of the First Note and First Mortgage are attached hereto as Exhibit D and are sometimes hereinafter referred to as the "Existing Note" and "Existing Encumbrance". If the First Mortgage documents require that the Lender consent to the conveyance provided for in this Agreement, then the parties' obligations hereunder are subject to receipt of the consent ("Consent") and an Estoppel Certificate (as hereinafter defined). The Purchaser agrees to execute the documents required by the Lender in order to obtain Lender's Consent, provided that, except for the limited personal liability provisions presently contained in the First Mortgage documents, Purchaser will not assume any personal liability for the indebtedness and the Consent shall not require a change in the interest rate or a change in the maturity date of the loan. If the Consent is not received by Seller within five (5) days prior to the Closing Date, then either party shall have the right upon notice to the other party delivered not less than three (3) days prior to the Closing Date to terminate this Agreement. In the event of termination of this Agreement, all the Earnest Money plus all accrued i▇▇▇▇▇▇▇ shall be delivered to the Purchaser.

UNDERLYING OBLIGATIONS. Anything in this Section 6 to the contrary notwithstanding, the Agent and the Banks hereby agree that the Banks shall not enter into any amendment to this Credit Agreement with any of the Borrowers (other than the Parent) without the consent of the Parent.

UNDERLYING OBLIGATIONS. This is an all inclusive purchase money deed of trust, securing on all-inclusive purchase money promissory note in the original principal amount of Dollars ($ ) (the "Note") which includes within such amount the unpaid balance of the following:

UNDERLYING OBLIGATIONS. 4.1 The Abstract Acknowledgement of Indebtedness II is made with regard to the payment of all Obligations under the Credit Documents of the US Borrower. Without limiting the generality of the foregoing, this Agreement is made with regard to the payment of all amounts that constitute part of the Obligations under the Credit Documents and would be owed by the US Borrower to the Secured Parties but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving the US Borrower and/or each other Credit Party (hereinafter collectively referred to as the “Underlying Obligations”). 4.2 The Debtor’s obligations under this Agreement shall not affect any of the Debtor’s obligations, promises and other liabilities under the other Credit Documents and any Hedge Agreement.

UNDERLYING OBLIGATIONS. Echo Bay agrees to pay, on or before August 31 each year that this Heads of Agreement or the Venture Agreement is in full force and effect, the federal claim rental fees due for the unpatented claims comprising the Venture Property. Echo Bay may, with the consent of Americomm, abandon all or a portion of Americomm Claims. As of the Effective Date, and during the Initial Exploration Phase, unless the Venture Agreement is terminated on or before thirty (30) days prior to the due date of any payment or obligation required pursuant to the ▇▇▇ ▇▇▇▇▇▇▇ Lease and the ▇▇▇▇▇▇▇▇ Lease, or on or before thirty (30) days prior to the end of any assessment work year, Echo Bay shall make all payments and complete all obligations required by the ▇▇▇ ▇▇▇▇▇▇▇ Lease and the ▇▇▇▇▇▇▇▇ Lease, and perform assessment work and make necessary filings required to maintain the unpatented claims comprising the Venture Property. Echo Bay shall make the required payments directly to ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, on or before fifteen (15) days prior to the due date with a copy of such payment provided to Americomm. In addition, Echo Bay shall have the right, subject to Americomm's approval, to renegotiate the ▇▇▇ ▇▇▇▇▇▇▇ Lease and the ▇▇▇▇▇▇▇▇ Lease.

UNDERLYING OBLIGATIONS. Except as otherwise expressly stated in this Amendment, all of the terms and provisions of the Voting Agreement shall remain in full force and effect, without amendment or modification. The Company and the Investors agree that this Amendment shall not be construed as an agreement to extinguish the Company’s original obligations under the Voting Agreement and shall not constitute a novation as to the obligations of the Company under the Voting Agreement.