Debtor Obligations definition
Examples of Debtor Obligations in a sentence
All such sums received by the Secured Parties shall be applied by the Secured Parties to satisfaction of the Debtor Obligations or, to the extent that such sums represent unearned premiums in respect of any policy of insurance on the Collateral refunded by reason of cancellation, toward payment for similar insurance protecting the respective interests of Debtor and the Secured Parties, or as otherwise required by applicable law, and to the extent not so applied shall be paid over to Debtor.
Debtor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to satisfy the Debtor Obligations.
The Security Interest granted hereby secures payment, performance and satisfaction of the Debtor Obligations.
The Secured Party may at any time and from time to time, without notice to the Debtor or to any other Person, set-off, appropriate and apply any and all deposits, general or special, matured or unmatured, held by or for the benefit of the Debtor with the Secured Party, and any other indebtedness and liability of the Secured Party to the Debtor, matured or unmatured, against and on account of the Debtor Obligations when due, in such order of application as the Secured Party may from time to time determine.
Bank’s foregoing appointment as Debtor’s attorney in fact, and all of Bank’s rights and powers, coupled with an interest, are irrevocable until all Debtor Obligations have been fully and finally paid and performed.
Subject to the rights of the Agent under the Security Agreement and this Supplemental Copyright Agreement, it is the intention of the parties hereto that Debtor continue to own the Copyright Collateral and that upon the indefeasible payment and performance in full of Debtor Obligations, the rights of the Agent under the Security Agreement and this Supplemental Copyright Agreement in and to the Copyright Collateral shall be released and terminated.
Upon the occurrence and during the continuation of an Event of Default, Bank may liquidate Debtor’s Collateral and apply such funds toward repayment of the Debtor Obligations.
UJB agrees to apply such funds paid to the Seller's Obligations and the Debtor Obligations upon receipt thereof by UJB.
Subject to the rights of the Agent under the Security Agreement and this Supplemental Patent Agreement, it is the intention of the parties hereto that Debtor continue to own the Patent Collateral and that upon the indefeasible payment and performance in full of Debtor Obligations, the rights of the Agent under the Security Agreement and this Supplemental Patent Agreement in and to the Patent Collateral shall be released and terminated.
All such expenses, costs and other sums shall be deemed Seller's Obligations and/or Debtor Obligations secured by the Collateral.