Affirmative Covenants 46 Sample Clauses
The Affirmative Covenants clause requires one or both parties to take specific positive actions or maintain certain standards throughout the duration of an agreement. These obligations might include maintaining proper insurance, providing regular financial statements, or complying with applicable laws. By setting out these ongoing duties, the clause ensures that key operational or financial conditions are met, thereby protecting the interests of the parties and reducing the risk of default or non-compliance.
Affirmative Covenants 46. SECTION 6.1.1. Financial Information, Reports, Notices, etc. 46 SECTION 6.1.2. Approvals and Other Consents 47 SECTION 6.1.3. Compliance with Laws, etc. 47 SECTION 6.1.4. [Intentionally omitted] 48
Affirmative Covenants 46. Section 7.1 Reporting Requirements 47 Section 7.2 Maintenance of Existence; Conduct of Business 51 Section 7.3 Maintenance of Properties 51 Section 7.4 Taxes and Claims 51 Section 7.5 Insurance 51 Section 7.6 Inspection Rights 51 Section 7.7 Keeping Books and Records 52 Section 7.8 Compliance with Laws 52 Section 7.9 Compliance with Agreements 52 ii Section 7.10 Further Assurances 52 Section 7.11 ERISA 52 Section 7.12 Additional Subsidiaries 52 Section 7.13 Special Affirmative Covenants Concerning Collateral 52 Section 7.14 Deposit 53 Section 7.15 No Adverse Claims 54 Section 7.16 Quality Control 54 Section 7.17 Hedging 54 Section 7.18 Account Control Agreement 54 Section 8.1 Limitation on Liens 54 Section 8.2 Prohibition of Fundamental Changes 54 Section 8.3 Restricted Payments 55 Section 8.4 Transactions With Affiliates 55 Section 8.5 Disposition of Assets 55 Section 8.6 Nature of Business 55 Section 8.7 Environmental Protection 55 Section 8.8 Accounting 55 Section 8.9 No Negative Pledge 55 Section 8.10 Sanctions and Patriot Act 56 Section 8.11 Conditional Repurchase, Indemnity or Other Recourse Obligations 56 Section 8.12 Special Negative Covenants Concerning Collateral 56 Section 8.13 Termination of Servicing Contract or Servicing Contract Rights 56 Section 8.14 No Amendments 56 Section 8.15 Guarantees 57 Section 8.16 Debt for Borrowed Money 57 Section 8.17 Withdrawals 57 Section 8.18 Chief Executive Office; Jurisdiction of Organization 57 Section 8.19 Investment Company 57 Section 8.20 Intercreditor Agreement 57 Section 10.1 Events of Default 57 Section 10.2 Remedies Upon Default 61 Section 10.3 Application of Funds Upon Default 61 Section 10.4 Performance by Lender 61 Section 10.5 ▇▇▇▇▇▇▇ ▇▇▇ Downgrade 61 Section 11.1 Expenses 62 Section 11.2 INDEMNIFICATION 62 Section 11.3 Limitation of Liability 63 Section 11.4 Interpretation 63 Section 11.5 Lender Not Fiduciary 63 Section 11.6 Equitable Relief 63 Section 11.7 No Waiver; Cumulative Remedies 63 Section 11.8 Successors and Assigns 64 Section 11.9 Survival 64 Section 11.10 Amendment 64 Section 11.11 Notices 65 Section 11.12 GOVERNING LAW; VENUE; SERVICE OF PROCESS 65 Section 11.13 Counterparts 66 Section 11.14 Severability 66 Section 11.15 Headings 66 Section 11.16 Participations; Etc 66 Section 11.17 Construction 67 Section 11.18 Independence of Covenants 67 Section 11.19 WAIVER OF JURY TRIAL 67 Section 11.20 Additional Interest Provision 68 Section 11.21 Confidential 69 Section 11.22 USA Patriot Act...
Affirmative Covenants 46. Section 6.1 Financial Statements and Other Information 46 Section 6.2 Notices of Material Events 47 Section 6.3 Legal Existence 48 Section 6.4 Taxes 48
Section 6.5 Insurance 48 Section 6.6 Condition of Property 48 Section 6.7 Observance of Legal Requirements 49
Section 6.8 Inspection of Property; Books and Records; Discussions 49 Section 6.9 Use of Proceeds 49