Additional or More Restrictive Covenants Sample Clauses
The "Additional or More Restrictive Covenants" clause allows one party to impose further obligations or stricter requirements on the other party beyond those already stated in the agreement. In practice, this might mean that if new regulations arise or if a party deems it necessary for business reasons, they can require the other party to comply with extra rules or higher standards, such as enhanced confidentiality measures or stricter operational procedures. The core function of this clause is to provide flexibility and ensure that the agreement can adapt to changing circumstances or heightened risks, thereby protecting the interests of the party seeking the additional restrictions.
Additional or More Restrictive Covenants. The Guarantor, has not, and shall not make, modify, amend or supplement any covenant to any other Person (i) that is more restrictive on the Guarantor than those set forth in Section 5 and this Section 13, and/or (ii) that relate to the Guarantor’s assets, liabilities, income, net worth, liquidity, profitability and/or with respect to ratios relating to any of the foregoing and/or the occurrence of a material adverse effect; unless the Guarantor has notified the Buyer Agent thereof and has executed an amendment to this Guaranty in a form acceptable to Buyer Agent whereby the Guarantor has made the same (or substantially the same) covenant(s) (each, a “Restrictive Covenant”) to the Buyer Agent, which Restrictive Covenant(s) shall be in addition to (and not in lieu of) the Guarantor’s covenants and obligations under this Guaranty. With respect to such amendment, the Guarantor shall also, upon the request of the Buyer Agent, have delivered to the Buyer Agent an opinion of counsel to the Guarantor acceptable to the Buyer Agent in its sole discretion. Such amendment shall provide that: (x) the Guarantor shall promptly notify the Buyer Agent (together with evidence reasonably satisfactory to the Buyer Agent) if compliance with any of the Restrictive Covenants is waived by the beneficiary thereof, and, in such event, for so long as such waiver is in effect, a breach of such Restrictive Covenant shall not constitute a default under this Guaranty (provided that none of the other covenants in this Section 12 are breached), and (y) prior to the Guarantor entering into any modification, supplement or amendment of a Restrictive Covenant made in favor of any Person, the Guarantor shall have executed a further amendment to this Guaranty in a form acceptable to the Buyer Agent whereby the applicable Restrictive Covenant shall be modified, supplemented or amended. With respect to such amendment, the Guarantor shall also, upon the request of the Buyer Agent, have delivered to the Buyer Agent an opinion of counsel to the Guarantor acceptable to the Buyer Agent in its sole discretion.
Additional or More Restrictive Covenants. Neither Anthracite nor any of the Borrowers, has, nor shall make, modify, amend or supplement any covenant to any other Person (i) that is more restrictive on Anthracite or any Borrower than those set forth in this Section 6, and/or (ii) that relate to the Anthracite’s or any Borrower’s assets, liabilities, income, net worth, liquidity, profitability and/or with respect to ratios relating to any of the foregoing and/or the occurrence of a material adverse effect; unless Anthracite has notified the Lender thereof and has executed an amendment to this Agreement in a form acceptable to Lender whereby Anthracite
Additional or More Restrictive Covenants a. By adding the following as Section 9(q):