Performance of Obligations by the Borrower Sample Clauses

Performance of Obligations by the Borrower. (1) For the purpose of performance of its obligations hereunder, the Borrower shall remit to the Agent Account the monies, for which the Due Date is specified in this Agreement, not later than the Payment Time and the monies, for which the Due Date is not specified herein, upon the request by the Agent without delay. In such case, the Borrower's obligations towards the Agent or the Lenders shall be deemed to have been performed upon such money being credited to the Agent Account.
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Performance of Obligations by the Borrower. (1) Each Borrower shall repay its obligations by making a deposit into the Syndicate Account (i) by the Payment Time for those obligations which the Payment Date is provided for under this Agreement, or (ii) immediately upon the request of the Facility Agent, for those obligations which the Payment Date is not provided for under this Agreement and the obligation of the relevant Borrower to the Agent or the Lenders shall be deemed to have been performed when the Borrower makes such deposit into the Agent Account.
Sample 1
Performance of Obligations by the Borrower. (1) To repay debts under this Agreement, the Borrower shall put money in the Agent Account by the Payment Time Limit (with respect to debts for which the Repayment Due Date is specified in this Agreement), or immediately upon the request of the Agent (with respect to debts for which the Repayment Due Date is not specified in this Agreement), to the extent not contrary to Laws, Regulations, etc. In such cases, when money is put in the Agent Account, obligations of the Borrower towards the Agent or Lenders shall be deemed to have been performed; provided that if a New Loan for Refinancing is executed in accordance with Item 1 of the proviso to Paragraph 1 of Article 6 and based on an application under Paragraph 6 of Article 4, the Payment Time Limit related to the principal of an Individual Loan Amount Payable for the Old Loan to be Refinanced shall be extended to the time at which the New Loan for Refinancing is deemed to have been executed based on Item 1 of the proviso to Paragraph 1 of Article 6, and when such New Loan for Refinancing is executed in accordance with Item 1 of the proviso to Paragraph 1 of Article 6, obligations for the principal of an Individual Loan related to the Old Loan to be Refinanced shall be deemed to have been performed. In addition, if a New Loan for Refinancing is executed in accordance with Item 2 of the proviso to Paragraph 1 of Article 6, with respect to the principal amount of the Old Loan to be Refinanced that corresponds to the Individual Loan Execution Amount of the New Loan for Refinancing, obligations to pay the principal shall be deemed to have been performed at the time at which the New Loan for Refinancing is deemed to have been executed.
Sample 1
Performance of Obligations by the Borrower. (1) For the purpose of the repayment of the Individual Loans and the performance of any other obligations owed by the Borrower hereunder, the Borrower shall transfer the monies sufficient for the Borrower to fulfill the obligations to the Syndicate Account by the Payment Time if the Payment Date is specified herein, or promptly upon the request by the Agent if the Payment Date is not specified herein. The Agent shall withdraw the monies to be distributed by 3:00 p.m. on the Payment Date if the Payment Date is specified herein, or by 3:00 p.m. on the date on which the transfer of the monies to the Syndication Account was made. In such cases, the Borrower shall be deemed to have performed its obligations owed to the Agent and/or the Lenders upon the withdrawal by the Agent of the monies from Syndicate Account; provided, however, that if a Refinancing New Advance is provided pursuant to Article 7(1)(i) based upon the application set forth in Article 5(6), the Payment Time for the principal of the Individual Advance Payable constituting the Refinanced Existing Advance shall be postponed until the time the Refinancing New Advance is deemed provided pursuant to Article 7(1)(i), and the payment obligation for the principal of the Individual Advance constituting the Refinanced Existing Advance shall be deemed performed at the time such Refinancing New Advance is provided pursuant to Article 7(1)(i). And, if a Refinancing New Advance is made pursuant to Article 7(1)(ii), the principal of the Refinanced Existing Advance equivalent to the principal of the Individual Advance Amount constituting the Refinancing New Advance shall be deemed performed at the time such Refinancing New Advance is provided.
Sample 1

Related to Performance of Obligations by the Borrower

  • Performance of Obligations of Parent Parent shall have performed or complied with all agreements and covenants required to be performed by it under this Agreement at or prior to the Closing Date that are qualified as to materiality or Material Adverse Effect and shall have performed or complied in all material respects with all other obligations required to be performed by it under this Agreement at or prior to the Closing Date.

  • Performance of Obligations The Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing.

  • Performance of Obligations of the Company The Company shall have performed in all material respects all obligations required to be performed by it under this Agreement at or prior to the Closing Date, and Parent shall have received a certificate signed on behalf of the Company by the chief executive officer and the chief financial officer of the Company to such effect.

  • Performance of Obligations of Company Company shall have performed and complied with all of its obligations under this Agreement in all material respects at or prior to the Closing Date, and Buyer shall have received a certificate, dated the Closing Date, signed on behalf of Company by the Chief Financial Officer and Chief Operating Officer of Company to such effect.

  • Performance of Obligations under Loan Documents The Borrower will pay the Notes according to the reading, tenor and effect thereof, and the Borrower will, and will cause each Subsidiary to, do and perform every act and discharge all of the obligations to be performed and discharged by them under the Loan Documents, including, without limitation, this Agreement, at the time or times and in the manner specified.

  • 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.

  • Payment of Other Taxes by the Credit Parties The Credit Parties shall timely pay to the relevant Governmental Authority in accordance with Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes.

  • Independence of Obligations The covenants and obligations of Stockholder set forth in this Agreement shall be construed as independent of any other agreement or arrangement between Stockholder, on the one hand, and the Company or Parent, on the other. The existence of any claim or cause of action by Stockholder against the Company or Parent shall not constitute a defense to the enforcement of any of such covenants or obligations against Stockholder.

  • Evidence of Obligations The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement.

  • 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.

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