AFFIRMATIVE COVENANTS AND CONTINUING AGREEMENTS Clause Samples
The "Affirmative Covenants and Continuing Agreements" clause requires one or more parties to take specific actions or maintain certain standards throughout the duration of an agreement. These obligations might include maintaining insurance, providing regular financial reports, complying with applicable laws, or preserving the condition of assets. By setting out these ongoing duties, the clause ensures that key requirements are consistently met, thereby protecting the interests of the other party and reducing the risk of default or non-compliance during the contract term.
AFFIRMATIVE COVENANTS AND CONTINUING AGREEMENTS. Until Payment in Full of the Obligations and termination of the Revolving Commitments, each Credit Party shall, and shall cause each Subsidiary, as applicable, to:
AFFIRMATIVE COVENANTS AND CONTINUING AGREEMENTS. Until Payment in Full of the Obligations (other than (i) contingent indemnification obligations as to which no claim has been asserted and (ii) Bank Product Obligations (other than Excluded Bank Product Obligations) that have been Cash Collateralized) and termination of the Commitments, each Credit Party shall, and shall cause each Subsidiary, as applicable, to: