Common use of PAYMENT AND PERFORMANCE OF LIABILITIES Clause in Contracts

PAYMENT AND PERFORMANCE OF LIABILITIES. The Obligors shall pay each Liability when due (or when demanded, if payable on demand) and shall promptly, punctually, and faithfully perform each other Liability.

Appears in 3 contracts

Sources: Term Loan and Security Agreement (Mothers Work Inc), Loan and Security Agreement (Mothers Work Inc), Loan and Security Agreement (Mothers Work Inc)

PAYMENT AND PERFORMANCE OF LIABILITIES. The Obligors shall pay each Liability arising hereunder when due (or when demanded, if payable on demand) and shall promptly, punctually, and faithfully perform each other LiabilityLiability required to be performed by such Obligor hereunder.

Appears in 1 contract

Sources: Loan and Security Agreement (Charlotte Russe Holding Inc)