Payment of Indebtedness; Performance of Obligations. The Borrower will pay the obligations under the Note according to the reading, tenor and effect thereof and the Borrower hereby agrees to pay, when due and owing, all Indebtedness, whether or not evidenced by the Note.
Payment of Indebtedness; Performance of Obligations. Borrower and/or the other Borrower Parties shall promptly pay when due the Indebtedness and shall promptly perform all Obligations.
Payment of Indebtedness; Performance of Obligations. Grantor shall promptly pay when due the Indebtedness and shall promptly perform all Obligations.
Payment of Indebtedness; Performance of Obligations. Borrower shall promptly pay when due the Indebtedness and shall promptly perform all Obligations.
Payment of Indebtedness; Performance of Obligations. 12 5.2 Taxes and Other Obligations 12 5.3 Insurance 12 5.4 Condemnation 13 5.5 Preservation and Maintenance of the Project 13 5.6 Inspection 13 5.7 Books and Records/Audits 13 5.8 Financial Statements; Balance Sheets 14 5.9 Annual Budgets 14 5.10 Use of Proceeds 14 5.11 Notice of Litigation, Default or Equity Contribution 15 5.12 Affiliate Transactions 15 5.13 Construction 15 5.14 Senior Loan 15 5.15 Completion 16 5.16 Copies of Senior Loan Requests 16 5.17 Refinancing 16 5.18 Operating Agreement Restrictions 17 ARTICLE VI NEGATIVE COVENANTS 17 6.1 No Amendments 17 6.2 Transfers of the 550 Property or Beneficial Interest in Borrower 17 6.3 No Additional Liens, Encumbrances or Indebtedness 17
Payment of Indebtedness; Performance of Obligations. Borrower shall promptly pay or cause to be paid when
Payment of Indebtedness; Performance of Obligations. Mortgagor shall pay when due the Indebtedness and shall perform all Obligations, all in accordance with the terms of the Credit Agreement..
Payment of Indebtedness; Performance of Obligations. The Borrowers will (i) pay and discharge any and all indebtedness payable or guaranteed by the Borrowers and any interest or premium thereon, when due (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) in accordance with the agreement, document or instrument relating to such indebtedness or guarantee; provided, however, that the Borrowers shall not be required to pay any such indebtedness or guarantee which does not constitute indebtedness for borrowed money or guarantee the payment of which is being contested in good faith and by appropriate proceedings being diligently conducted and for which adequate reserves in accordance with GAAP have been provided, except that the Borrowers shall pay or cause to be paid all such indebtedness or guarantee promptly upon the commencement of proceedings to foreclose any Lien which has attached as security therefor, unless such foreclosure is stayed by the filing of an appropriate bond in a manner reasonably satisfactory to the Agent and (ii) faithfully perform, observe and discharge all covenants, conditions and obligations which are imposed upon the Borrowers by any and all agreements, documents, instruments and indentures evidencing, securing or otherwise relating to any such indebtedness or guarantee. The Borrowers will pay and perform all of their obligations under the Loan Documents. The Borrowers will perform all of their obligations under all material contracts and agreements relating to the Borrowers’ business and will enforce the performance of the other parties thereto to the extent reasonably possible.
Payment of Indebtedness; Performance of Obligations. Borrower shall promptly pay when due all payment obligations of Borrower to Lender (the "INDEBTEDNESS") and shall promptly perform all other obligations of Borrower to Lender.
Payment of Indebtedness; Performance of Obligations. Upon payment in full of all Indebtedness and the complete and timely performance and discharge of the Obligations, this assignment shall become and be void and of no effect; but the affidavit, certificate, letter or statement of any officer, supervisor or attorney of Grantee, showing any part of said Indebtedness to remain unpaid, shall be and constitute conclusive evidence of the validity, effectiveness and continuing force of this assignment, and any person may be and is hereby authorized to rely thereon. A demand on the tenants by Grantee for the payment of the Rents on any default claimed by Grantee shall be sufficient notice to said tenants to make future payments of Rents to Grantee, without the necessity of further consent by said Grantor.
