Surviving Obligations definition
Examples of Surviving Obligations in a sentence
Borrower shall repay the aggregate principal balance of the Term Loan Advances that is outstanding on the day immediately preceding the Amortization Date, in equal monthly installments of principal and interest (mortgage style) beginning on the Amortization Date and continuing on the first Business Day of each month thereafter until the Secured Obligations (other than Surviving Obligations) are repaid.
Agent’s foregoing appointment as ▇▇▇▇▇▇▇▇’s attorney in fact, and all of Agent’s rights and powers, coupled with an interest, are irrevocable until all Secured Obligations (other than Surviving Obligations) have been fully repaid and performed and the Loan Documents have been terminated.
So long as there are any Secured Obligations outstanding (other than Surviving Obligations), Borrower shall also cause to be carried and maintained insurance upon the business and assets of Borrower and its Subsidiaries, insuring against all risks of physical loss or damage howsoever caused, in an amount not less than the full replacement cost of the Collateral, provided that such insurance may be subject to standard exceptions and deductibles.
Borrower hereby appoints Agent as its lawful attorney-in-fact to sign ▇▇▇▇▇▇▇▇’s name on any documents necessary to perfect or continue the perfection of Agent’s security interest in the Collateral regardless of whether an Event of Default has occurred until all Secured Obligations have been paid in full (other than Surviving Obligations) and the Loan Documents have been terminated.
Until all of the Secured Obligations have been paid and discharged in full (other than Surviving Obligations), nothing shall discharge or satisfy the liability of any Borrower hereunder except the full performance and payment of all of the Secured Obligations (other than Surviving Obligations).