Affirmative Covenants of Guarantor. Guarantor agrees and covenants with the Lender that, at all times during the Term of this Guaranty:
Affirmative Covenants of Guarantor. The Guarantor covenants and agrees that from the date hereof and until payment in full of the principal of and interest on the indebtedness evidenced by the Term Note, unless the Bank shall otherwise in its sole discretion consent in writing, the Guarantor will:
Affirmative Covenants of Guarantor. Guarantor covenants and agrees that, so long as any portion of the Obligations shall remain unpaid or unperformed or any Participant shall have any outstanding Commitment, Guarantor will, unless, with respect to any matters other than those covered by Section 6.6(a)(ii)(B), the Required Entities shall otherwise consent in writing:
Affirmative Covenants of Guarantor. From and after the date of this Guaranty and until the Guaranteed Obligations are indefeasibly paid in full and CoBank has no obligation to make any extension of credit to Borrower, Guarantor agrees that it will observe and comply with the following covenants:
Affirmative Covenants of Guarantor. Guarantor covenants and agrees that from the date hereof and until payment in full of the Obligations and the formal termination of the Loan Agreement:
Affirmative Covenants of Guarantor. Guarantor covenants and agrees that from the date hereof and until payment in full of the Guaranteed Obligations and final indefeasible payment of the Guaranteed Obligations:
Affirmative Covenants of Guarantor. Guarantor covenants and agrees that so long as any of the Obligations are outstanding, Guarantor shall:
Affirmative Covenants of Guarantor. Until the Guaranteed ---------------------------------- Obligations have been fully satisfied, performed and indefeasibly paid in full, Guarantor covenants and agrees that it shall:
Affirmative Covenants of Guarantor. From and after the date of this ---------------------------------- Guaranty and until the Guaranteed Obligations are indefeasibly paid in full and neither Bank nor any Syndication Party has any obligation to make any advances under the Loan Agreement, Guarantor agrees that it will observe and comply with the following covenants, and if Guarantor is the managing general partner, manager or controlling stockholder of the CCI Entity, Guarantor shall also cause each such CCI Entity to observe and comply with the following covenants set off in brackets:
Affirmative Covenants of Guarantor. Guarantor will:
A. Preserve and keep in force all licenses, permits, and franchises necessary for the proper conduct of its business and duly pay and discharge all taxes, assessments, and governmental charges upon Guarantor or against Guarantor's property before the date on which penalties attach thereto, unless and to the extent only that the same shall be contested in good faith and by appropriate proceedings.
B. Furnish to Lender (i) within 90 days after the close of each fiscal year an annual consolidated profit and loss statement and balance sheet on Guarantor audited by an independent certified public accountant who is satisfactory to Lender, and consolidated financial statements prepared by Guarantor; (ii) within 30 days after filing each year, an executed copy of Guarantor's Federal income tax return, and if any extensions have been filed, copies of each Extension Notice shall be furnished to Lender within 30 days of filing; and (iii) such other information reflecting the financial condition of Guarantor as Lender may request from time to time.
C. Maintain with financially sound and reputable insurance companies insurance of the kinds, covering the risks, and in the amounts usually carried by companies engaged in businesses similar to that of Guarantor. Guarantor will also exhibit or deliver such policies of insurance to Lender upon request of Lender and provide appropriate loss payable or mortgagee clauses in the insurance policies in favor of Lender, as its interest may appear, when requested by Lender.
D. Maintain executive personnel and management reasonably satisfactory to Lender.
E. Permit any representative or agent of Lender to examine and audit any or all of Guarantor's books and records when requested by Lender.
F. Inform Lender immediately of any material adverse change in the financial condition of Guarantor. Guarantor will also promptly inform Lender of any litigation or threatened litigation which might substantially affect Guarantor's financial condition.
G. Maintain Guarantor's property and equipment in a state of good repair.
H. Maintain Guarantor's net working capital ("Net Working Capital") in an amount not less than $1,300,000.00 and a current ratio ("Current Ratio") of not less than 1.2:1.0 at all times during the term of this Agreement. For the purposes of this Agreement, Net Working Capital shall mean the excess of Guarantor's current assets over current liabilities, which shall be determined in accordance with generally acce...
