Effect of Obligations Sample Clauses

Effect of Obligations. Termination of this Agreement pursuant to this Article IX shall terminate all obligations of the Parties and this Agreement shall become void and have no effect without any liability on the part of any Party or the shareholders, directors or officers of the Seller or the Buyer in respect thereof, except for the obligations under Sections 5.8, and 10.1; provided, however, that termination pursuant to clause (b) of Section 9.1 shall not relieve the defaulting or breaching party from any liability to the other party hereto.
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Effect of Obligations. Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder, except for the obligations under Sections 4.02, 10.07, 13.02 and 13.15 and the Escrow Agreement. 12.03
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Effect of Obligations. The obligations imposed by Section 2.02(b) on the remaining Owners of the same class as of the Offered Interests to purchase the Offered Interests shall be joint and several vis-a-vis those remaining Owners and the Offering Owner and his Spouse. However, the said remaining Owners may, amongst themselves, divide these obligations amongst them as they may agree; provided, however, that in the absence of any such agreement, these obligations shall be divided in accordance with the percentage of the Interests of each remaining Owner in the same class as the Offered Interests as of the date of commencement of the obligations of the remaining Owners pursuant to Section 2.02(b) shall bear to the total percentage Interests of all remaining Owners of the same class of Interests as the Offered Interests as of the date of commencement of the said obligations pursuant to Section 2.02(b).
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Effect of Obligations. The Parties acknowledge that the CID Act and the Petition authorize the District to issue or cause the issuance of the Obligations and that the priority for distribution of the District Revenues set forth in Section 3.4 may be modified by Bond Documents. In the event of a conflict between the terms of this Agreement and any documents creating Obligations, the documents creating the Obligations will control with respect to priority of disbursement of District Revenues (so long as the payments due to the City pursuant to Section 3.4.A.1 are not affected).
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Effect of Obligations. (a) If this agreement is terminated for any reason other than pursuant to Section 6.2(c), all obligations of the parties hereunder shall cease upon such termination; provided, however, that the provisions of this Section 6 (Termination) and Section 8 (Miscellaneous) shall survive any such termination of this Agreement.
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Effect of Obligations. No Bank shall, as between the Borrower and that Bank, be relieved of any of its obligations hereunder as a result of any granting of participations in all or any part of the Revolving Loans or Revolving Loan Commitments of that Bank or any other Obligations owed to such Bank. Each Bank shall, as between the Borrower and that Bank, be relieved of its obligations hereunder as a result of any sale, assignment, transfer or negotiation of all or any part of the Revolving Loans or Revolving Loan Commitments of that Bank or any other Obligations owed to such Bank made in accordance with Section 10.1 hereof.
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Effect of Obligations. 91 SECTION 11 INDEMNITY Indemnity .............................................................91 SECTION 12 MISCELLANEOUS
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Effect of Obligations. 38 ARTICLE 11
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Related to Effect of Obligations

  • Survival of Obligations Without prejudice to Sections 2(a)(iii) and 6(c)(ii), the obligations of the parties under this Agreement will survive the termination of any Transaction.

  • SURVIVAL OF OBLIGATION Termination of this ESA for any reason shall not relieve the Town or the Competitive Supplier of any obligation accrued or accruing prior to such termination.

  • Affirmation of Obligations Each of the Credit Parties hereby acknowledges, agrees and affirms (a) its obligations under the Credit Agreement and the other Loan Documents, including, without limitation, its guaranty obligations thereunder, (b) that such guaranty shall apply to the Obligations in accordance with the terms thereof, (c) the grant of the security interest in all of its assets pursuant to the Loan Documents and (d) that such liens and security interests created and granted are valid and continuing and secure the Obligations in accordance with the terms thereof.

  • Ratification of Obligations Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in accordance with their terms.

  • Duration of Obligations The Manager’s obligation to provide Disentanglement Services will continue during the period commencing on the date that a Termination Notice is delivered and ending on the date on which the Successor Manager or the re-engaged Manager assumes all of the obligations of the Manager hereunder (the “Disentanglement Period”).

  • Status of Obligations In the event that the Borrower or any other Loan Party shall at any time issue or have outstanding any Subordinated Indebtedness, the Borrower shall take or cause such other Loan Party to take all such actions as shall be necessary to cause the Secured Obligations to constitute senior indebtedness (however denominated) in respect of such Subordinated Indebtedness and to enable the Administrative Agent and the Lenders to have and exercise any payment blockage or other remedies available or potentially available to holders of senior indebtedness under the terms of such Subordinated Indebtedness. Without limiting the foregoing, the Secured Obligations are hereby designated as “senior indebtedness” and as “designated senior indebtedness” and words of similar import under and in respect of any indenture or other agreement or instrument under which such Subordinated Indebtedness is outstanding and are further given all such other designations as shall be required under the terms of any such Subordinated Indebtedness in order that the Lenders may have and exercise any payment blockage or other remedies available or potentially available to holders of senior indebtedness under the terms of such Subordinated Indebtedness.

  • Reaffirmation of Obligations Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

  • Mitigation of Obligations If any Lender requests compensation under Section 2.18, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.20, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the sole judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable under Section 2.18 or Section 2.20, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all costs and expenses incurred by any Lender in connection with such designation or assignment.

  • Confirmation of Obligations Executive hereby confirms and agrees to his continuing obligation under the Agreement after termination of employment not to directly or indirectly disclose to third parties or use any Confidential Information (as defined in the Agreement) that he may have acquired, learned, developed, or created by reason of his employment with the Company.

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its Subsidiaries, as the case may be.

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