AFFIRMATIVE COVENANTS OF DEBTOR. Until all of the Obligations of Debtor are paid and performed in full, Debtor hereby covenants and agrees that it shall, unless the Secured Party otherwise consents in advance in writing:
AFFIRMATIVE COVENANTS OF DEBTOR. Debtor shall (a) cause the Equipment to be kept in good condition and use the Equipment only in the manner for which it was designed and intended so as to subject it only to ordinary wear and tear and cause to be made all needed and proper repairs, renewals and replacements thereto; (b) maintain at all times property damage, fire, theft and comprehensive insurance for the full replacement value of the Equipment, with loss payable provisions in favor of Secured Party and any assignee of Secured Party as their interests may appear, and maintain public liability insurance in amounts satisfactory to Secured Party, naming Secured Party and any assignee of Secured Party as insureds with all of said insurance and loss payable provisions to be in form, substance and amount and written by companies approved by Secured Party, and deliver the policies therefor, or duplicates thereof, to Secured Party; (c) pay or reimburse Secured Party for any and all taxes, assessments and other governmental charges of whatever kind or character, however designated (together with any penalties, fines or interest thereon) levied or based upon or with respect to the Equipment, the Liabilities or this Agreement or upon the manufacture, purchase, ownership, delivery, possession, use, storage, operation, maintenance, repair, return or other disposition of the Equipment, or upon any receipts or earnings arising therefrom, or for titling or registering the Equipment, or upon the income or other proceeds received with respect to the Equipment or this Agreement provided, however, that Debtor shall pay taxes on or measured by the net income of Secured Party and franchise taxes of Secured Party only to the extent that such net income taxes or franchise taxes are levied or assessed in lieu of any other taxes, assessments or other governmental charges hereinabove described; (d) pay all shipping and delivery charges and other expenses incurred in connection with the Equipment and pay all lawful claims, whether for labor, materials, supplies, rents or services, which might or could if unpaid become a lien on the Equipment; (e) comply with all governmental laws, regulations, requirements and rules, all instructions and warranty requirements of Secured Party or the manufacturer of the Equipment, and with the conditions and requirements of all policies of insurance with respect to the Equipment and this Agreement; (f) mark and identify xxx Equipment with all information and in such manner as Secured ...
AFFIRMATIVE COVENANTS OF DEBTOR. The Debtor covenants and agrees to each and all of the following: (i) to execute and deliver promptly to the Collateral Agent all such other assignments, certificates, and supplemental writings, and to do all other acts or things, as the Collateral Agent may reasonably request in order more fully to evidence and perfect the security interest created herein and to promptly pay the reasonable costs and expenses of the Collateral Agent in connection with the Collateral Agent's perfection of its security interests in the Collateral hereunder; (ii) to furnish the Collateral Agent promptly with any information or writing that the Collateral Agent may reasonably request concerning the Collateral; (iii) to allow the Collateral Agent to inspect all books and records of the Debtor relating to the Collateral or the Notes, and to make and take away copies of such books and records at the Collateral Agent's expense; (iv) to notify the Collateral Agent promptly of any change in any material fact or circumstance warranted or represented by the Debtor in this Agreement or in any other writings furnished by the Debtor to the Collateral Agent in connection with the Collateral; (v) to notify the Collateral Agent promptly of any claim, action, or proceeding affecting title to the Collateral, or any part thereof, or the security interest herein, and at the request of the Collateral Agent, to appear in and defend, at Debtor' sole cost and expense, any action or proceeding; (vi) to maintain insurance customarily obtained by similar businesses; and (vii) to pay to the Collateral Agent promptly the amount of all costs and expenses (including reasonable attorney's fees) incurred by the Collateral Agent in the enforcement of its rights hereunder.
AFFIRMATIVE COVENANTS OF DEBTOR. So long as any sums are due Secured Party under the Note or this Agreement, Debtor hereby covenants and agrees as follows:
AFFIRMATIVE COVENANTS OF DEBTOR i. Debtor covenants and agrees that Debtor will so long as any indebtedness remains outstanding under this Agreement:
(A) Duly perform the Debtor Transaction Documents.
(B) Furnish Creditor with such information as is required by the terms and conditions of the Transaction Documents or other documents or instruments of security referred to in therein and such other information as Creditor may reasonably request from time to time.
(C) Promptly notify Creditor of any condition or event that constitutes, or with the running of time or the giving of notice will constitute, a default under any of the Transaction Documents.
(D) At any time on the request of Creditor to execute and deliver to Creditor, in form reasonably satisfactory to Creditor, such additional documentation in respect of the indebtedness and liability and obligations of Debtor to Creditor contemplated under the terms of the Transaction Documents as Creditor shall reasonably deem necessary or desirable, including, without limiting the generality of the foregoing, appropriate security agreements and financing statements.
AFFIRMATIVE COVENANTS OF DEBTOR. At all times from the date hereof to the later to occur of (i) the Termination Date or (ii) the date on which the Net Investment and all other Aggregate Unpaids have been paid in full, in cash, unless the Agent shall otherwise consent in writing:
AFFIRMATIVE COVENANTS OF DEBTOR. Until payment in full and the performance of all of the Obligations, the Debtor agrees with Lender as follows:
AFFIRMATIVE COVENANTS OF DEBTOR. Debtor shall (a) cause the Equipment to be kept in good condition and use the Equipment only in the manner for which it was designed and intended so as to subject it only to ordinary wear and tear and cause to be made all needed and proper repairs, renewals and replacements thereto; (b) maintain at all times property damage, fire, theft and comprehensive insurance for the full replacement value of the Equipment, with loss payable provisions in favor of Secured Party and any assignee of Secured Party as their interests may appear, and maintain public liability insurance in amounts satisfactory to Secured Party, naming Secured Party and any assignee of Secured Party as insured with all of said insurance and loss payable provisions to be in form, substance and amount and written by companies approved by Secured Party, and deliver the policies therefor, or duplicates thereof, to Secured Party; (c) pay or reimburse Secured Party for any and all taxes, assessments and other governmental charges of whatever kind or character, however designated (together with any penalties, fines or interest thereon) levied or based upon or with respect to the Equipment, the Liabilities or this Agreement or upon the manufacture, purchase, ownership, delivery, possession, use, storage, operation, maintenance, repair, return or other disposition of the Equipment, or upon any receipts or earnings arising therefrom, or for titling or registering the Equipment,
AFFIRMATIVE COVENANTS OF DEBTOR. 5.1 Credit Committee and Use of Credit Proceeds. Debtor shall utilize the credit extended hereby for working capital in operating Debtor's business. The use of the funds provided under the line of credit shall be approved by the Credit Committee established by the Debtor specifically for such purpose.
AFFIRMATIVE COVENANTS OF DEBTOR. (a) The Debtor will immediately notify the Secured Parties of any change in the Company’s name or legal form, or in the location of any office where the Company’s books and records are kept.
(b) The Debtor will take or cause to be taken such action and execute and deliver or cause to be executed and delivered such other documents as the Secured Parties may reasonably request in connection with this Agreement and any of the Collateral to perfect and maintain the perfection of the Secured Parties’ security interest in any of the Collateral, including, without limitation, delivering any Collateral to the Secured Parties and executing and filing financing and other statements under the Uniform Commercial Code in effect in any jurisdiction. Debtor agrees to execute and promptly deliver to the Secured Parties any financing statements reasonably requested by the Secured Parties for filing.
