Affirmative Covenants of the District Clause Samples
The "Affirmative Covenants of the District" clause sets out specific actions and obligations that the District is required to perform under the agreement. These may include maintaining certain standards, providing regular reports, complying with applicable laws, or ensuring the upkeep of facilities. For example, the District might be required to maintain insurance coverage or submit financial statements at regular intervals. The core function of this clause is to ensure that the District actively fulfills its responsibilities, thereby protecting the interests of the other party and promoting the smooth operation of the contractual relationship.
Affirmative Covenants of the District. The District covenants and agrees that it will do the following unless and until the Letter of Credit shall have terminated and all Obligations shall have been paid in full, unless the Bank shall otherwise consent in writing:
Affirmative Covenants of the District. The District covenants and agrees with the Bank that, so long as the Bank owns all or any portion of the Series 2018 Bond or until the full and final payment and satisfaction of all of the Obligations to the Bank, unless the Bank shall otherwise consent in writing, that:
Affirmative Covenants of the District. The District covenants and agrees with the Lender that, so long as the Lender owns all or any portion of the Series 2018 Note or until the full and final payment and satisfaction of all of the Obligations to the Lender, unless the Lender shall otherwise consent in writing, that:
Affirmative Covenants of the District. The District covenants and agrees as follows until the date each WIFIA Note and all of the obligations of the Borrower and the District under this Agreement and each WIFIA Loan Agreement (other than contingent indemnity obligations to the extent applicable) are irrevocably paid in full by the Borrower and the District in immediately available funds and the WIFIA Lender no longer has any commitment to make disbursements to the Borrower or the District, unless the WIFIA Lender waives compliance in writing: