Examples of Purchaser Obligation in a sentence
Upon performance by the Guarantor of any Purchaser Obligation, the Guarantor shall be subrogated to the rights of PIMCO against the Company with respect to such Purchaser Obligation.
If PIMCO shall default in the due and punctual performance of any Purchaser Obligation, including the full and timely payment of any amount due and payable pursuant to any Purchaser Obligation, the Guarantor will forthwith perform or cause to be performed such Purchaser Obligation and will forthwith make full payment of any amount due with respect thereto.
If Purchaser shall fail timely to perform or pay any Purchaser Obligation hereunder, Parent shall pay or perform such Purchaser Obligation as and when due.
Purchaser Obligation to Repay: If the Purchaser submits false information on any application, or recertification, and as a result, is charged a rent less than the amount required by the HOME Program, the Purchaser agrees to reimburse the Seller for the difference between the rent the Purchaser should have paid and the rent the Purchaser was charged.
Sellers hereby agree that prior to enforcing their rights of payment and performance against Parent pursuant to this Section 12.7 with respect to any Purchaser Obligation, Sellers shall have (i) made demand on Purchaser to perform such Purchaser Obligation, (ii) given Purchaser a reasonable opportunity to comply with such Purchaser Obligation and (iii) determined in its reasonable discretion that Purchaser has not or will not comply with such Purchaser Obligation.
Any payment made in satisfaction of a liability arising under a Seller Obligation or a Purchaser Obligation shall, so far as possible, adjust the consideration paid for the Units.
Company hereby further represents and warrants that it has disclosed to Administrative Agent and the Lenders all material facts and circumstances relating to the Loan Parties’ business, assets, liabilities, properties, condition (financial or otherwise), results of operations or prospects of the Loan Parties and their customers.
The Purchaser Guarantor hereby waives any requirement that the Sellers exhaust any right or take any action against Ascendia or Lander, as applicable; provided, however, if at any time subsequent to the receipt of payment from the Purchaser Guarantor with respect to a Purchaser Obligation pursuant to this Section 8.12, the Sellers receive payment from Ascendia or Lander with respect to such Purchaser Obligation, the amount of such payment shall promptly be repaid by the Sellers to the Purchaser Guarantor.
Seller hereby agrees that prior to enforcing its rights of payment and performance against Guarantor pursuant to Section 10.1 hereof with respect to any Purchaser Obligation, Seller shall have (x) made demand on Purchaser to perform such Purchaser Obligation, (y) given Purchaser a reasonable opportunity to comply with such Purchaser Obligation, and (z) determined in its reasonable discretion that Purchaser has not or will not comply with such Purchaser Obligation.
Any payment made in satisfaction of a liability arising under a Seller Obligation or a Purchaser Obligation shall adjust the price paid for the relevant Sale Shares (as applicable).