AFFIRMATIVE AND FINANCIAL COVENANTS Sample Clauses
AFFIRMATIVE AND FINANCIAL COVENANTS. The Company covenants and agrees that from and after the date hereof (except as otherwise provided herein, or unless Noteholders have given their prior written consent) so long as any shares of the December 2001 Preferred Stock are outstanding:
AFFIRMATIVE AND FINANCIAL COVENANTS. Until the Core Currency Commitments and the Individual Currency Commitments of all Lenders have expired or been terminated and the principal of and interest on each Loan and all fees and other amounts payable under the Loan Documents shall have been paid in full and all Letters of Credit have expired and all LC Disbursements have been reimbursed, the Parent covenants and agrees with the Credit Parties that:
AFFIRMATIVE AND FINANCIAL COVENANTS. The Company covenants and agrees that on and after the Effective Date and until the later to occur of (a) the Commitment Termination Date, and (b) the payment in full of the Loans, the Reimbursement Obligations, the Fees and all other sums payable under the Loan Documents, the Company will:
AFFIRMATIVE AND FINANCIAL COVENANTS. The Borrower covenants and agrees that on and after the Effective Date and until the later to occur of (a) the Revolving Credit Commitment Termination Date, and (b) the payment in full of the Notes and the performance by the Borrower of all of its other obligations under the Loan Documents, the Borrower will:
AFFIRMATIVE AND FINANCIAL COVENANTS. So long as this Agreement remains in effect, or as long as there is any principal or interest due under the Loan, unless Lender shall otherwise consent in writing, Company shall:
AFFIRMATIVE AND FINANCIAL COVENANTS. 20 (c) Communication with Accountants..............................22 (d) Tax Compliance..............................................22 (e) Insurance...................................................22 (f) Compliance with Law.........................................23 (g) Maintenance of Existence and Conduct of Business............23 (h) Access......................................................23 (i) Excess Cash.................................................23 (j) Exchange of Stock Certificates..............................23 (k) Lost, Stolen, Destroyed or Mutilated Stock Certificates.....23 (l) Further Assurances..........................................24 5.2 Negative Covenants............................................................24 (a) Permitted Acquisitions or Investments.......................24 (b) Sales of Assets; Liquidation................................24 (c) Capital Stock...............................................25 (d) Transactions with Affiliates................................25 (e) Liens, Etc..................................................25 (f) Indebtedness................................................25 (g) Restricted Payments.........................................26 (h) Sale and Leaseback Transactions.............................26
AFFIRMATIVE AND FINANCIAL COVENANTS. Company covenants and agrees that, from and after the date hereof (except as otherwise provided herein, or unless the Required Holders have given their prior written consent) so long as the Note is outstanding:
AFFIRMATIVE AND FINANCIAL COVENANTS. The Company covenants and agrees that from and after the Closing (except as otherwise provided herein, or unless the Required Holders have given their prior written consent) so long as shares of Convertible Preferred Stock or the Convertible Notes are outstanding and represent 10% or more of the shares of Common Stock into which the Convertible Preferred Stock outstanding at Closing is convertible (determined prior to a Participation Event), including in such calculation shares issuable upon conversion of the Convertible Notes:
AFFIRMATIVE AND FINANCIAL COVENANTS. Company covenants and agrees ----------------------------------- that from and after the date hereof (except as otherwise provided herein, or unless the Required Holders have given their prior written consent) so long as any unpaid amount on the Note is outstanding:
AFFIRMATIVE AND FINANCIAL COVENANTS. 6.1 The Borrower and, in respect of Sections 6.7, 6.11 and 6.13 (a) and (b) below, the Guarantor, hereby covenants and agrees with the Lender that until the Loan Amount is repaid in full, they shall at all times observe the following covenants:
(a) Comply in all respects with all applicable Trinidadian law and regulations including Trinidadian laws relating to the payment of Taxes and corruption and bribery;
(b) Maintain its existence, remain in good standing and shall remain duly qualified to carry on its business and own property in each jurisdiction in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except in each case, to the extent such failure could not reasonably be expected to have a Material Adverse Effect;
(c) Use and operate all of its facilities and properties in material compliance with all applicable Environmental Laws, keep all material and necessary permits, approvals, certificates, licenses and other authorizations relating to environmental matters in effect and remain in material compliance therewith and to engage in any and all legally required environmental reporting, as required, in a thorough and appropriate manner, except in each case, to the extent such failure could not reasonably be expected to have a Material Adverse Effect.
6.2 The Borrower hereby covenants that it shall following the Project Completion Date, in each year that any Loan Amount is outstanding, shall provide to the Lender with copies of an all risk insurance policy (including hurricane risk and earthquake risk) with a minimum term of twelve (12) months and covering the Project and Expansion Project in an amount equal to 105% of the principal Loan Amount outstanding on the date on which such insurance policy is obtained or renewed, and, in each case, the applicable insurance policy shall name the Lender as lender loss payee.
6.3 The Borrower hereby covenants that with regard to Section 6.2, it shall ensure (i) that all premiums due to any insurer in connection with the Project and Expansion Project are paid in full on a timely basis; and (ii) that it will notify the Lender in writing promptly after acquiring knowledge of (a) any cancellation or alteration of insurance or (b) any expiry of insurance where the Borrower has determined or been advised the insurance will not be renewed. The Borrower agrees to request its insurer(s) to provide a certificate(s) to the Lender whereby...