Common use of Agent Covenants Clause in Contracts

Agent Covenants. The Agent will promptly: (a) [deliver its pledged bond for cancellation upon payment by the Authority of the Termination Payment - NTD: revise as appropriate in light of actual financing arrangements]; (b) notify the Authority when it believes the Senior Debt Discharge Date will occur or has occurred, and in any event will so notify no later than 20 Business Days after its occurrence; (c) a reasonable time prior to the taking of any such action, notify the Authority of any decision by the Senior Lenders to take action under Section ▼ [NTD: insert acceleration rights/enforcement of security/exercise of any LRA step-in/transfer (d) unless notice is already provided under the above provisions, notify the Authority of any decision by the Senior Lenders to: (1) appoint an Insolvency Officer; (2) commence any Insolvency Proceedings; (3) sanction, by voting or failing to vote, any Insolvency Proceedings; or (4) take any action authorizing, or which might result in or is in furtherance of, any of the matters referred to in Sections (1), (2) or (3) above; and (e) upon request by the Authority, cause all security on any real or personal property comprised in the Facility to be promptly discharged and released on the date requested by the Authority (which will be on or after the Termination Date).

Agent Covenants. The Agent will promptly: (a) [deliver its pledged bond for cancellation upon payment by the Authority of the Termination Payment - NTD: revise as appropriate in light of actual financing arrangements]; (b) notify the Authority when it believes the Senior Debt Discharge Date will occur or has occurred, and in any event will so notify no later than 20 Business Days after its occurrence; (c) a reasonable time prior to the taking of any such action, notify the Authority of any decision by the Senior Lenders to take action under Section ▼ [NTD: insert acceleration rights/enforcement of security/exercise of any LRA step-in/transfertransfer rights section #s] of the Credit Agreement, together with reasonable details of any such action; (d) unless notice is already provided under the above provisions, notify the Authority of any decision by the Senior Lenders to: (1) appoint an Insolvency Officer; (2) commence any Insolvency Proceedings; (3) sanction, by voting or failing to vote, any Insolvency Proceedings; or (4) take any action authorizing, or which might result in or is in furtherance of, any of the matters referred to in Sections (1), (2) or (3) above; and (e) upon request by the Authority, cause all security on any real or personal property comprised in the Facility to be promptly discharged and released on the date requested by the Authority (which will be on or after the Termination Date).

Agent Covenants. The Agent will promptly: (a) [deliver its pledged bond for cancellation upon payment by release and discharge (and cause the Authority of Security Trustee to release and discharge) the Termination Payment - NTD: revise as appropriate in light of actual financing arrangements]Security Documents to the extent that they create a security interest over Project Co’s rights under the Project Agreement and all other Project Documents; (b) notify the Authority when it believes the Senior Debt Discharge Date will occur or has occurred, and in any event will so notify no later than 20 Business Days after its occurrence; (c) a reasonable time prior to notify the taking Authority of any such action, Event of Default; (d) notify the Authority of any decision by the Senior Lenders to take action under Section ▼ [NTD: insert acceleration rights/enforcement 11.2(1)(b) of security/exercise of any LRA step-in/transferthe Credit Agreement; (de) unless notice is already provided under the above provisions, notify the Authority of any decision by the Senior Lenders to: (1) appoint an Insolvency Officer; (2) commence any Insolvency Proceedings; (3) sanction, by voting or failing to vote, any Insolvency Proceedings; or (4) take any action authorizing, or which might result in or is in furtherance of, any of the matters referred to in Sections (1), (2) or (3) above; and (ef) upon request by the Authority, cause all security on any real or personal property comprised in the Facility to be promptly discharged and released on the date requested by the Authority (which will be on or after the Termination Date).

Agent Covenants. The Agent will promptly: (a) [deliver its pledged bond for cancellation upon payment by the Authority of the Termination Payment - Payment;] [NTD: revise Revise as appropriate in light of actual financing arrangements.]; (b) notify the Authority when it believes has received written notice that the Senior Debt Discharge Date will occur or has occurred, and in any event will so notify no later than 20 Business Days after its occurrence; (c) a reasonable time prior to the taking of any such action, notify the Authority of any decision by the Senior Lenders to take action under Section ▼ [] [NTD: insert Insert reference to Sections providing for acceleration rights/enforcement of security/exercise of any LRA step-in/transfertransfer rights] of the Credit Agreement, together with reasonable details of any such action; (d) unless notice is already provided under the above provisions, notify the Authority of any decision by the Senior Lenders to: (1) appoint an Insolvency Officer; (2) commence any Insolvency Proceedings; (3) sanction, by voting or failing to vote, any Insolvency Proceedings; or (4) take any action authorizing, or which might result in or is in furtherance of, any of the matters referred to in Sections (1), (2) or (3) above; and (e) upon request by the Authority, and at the sole cost of Project Co, cause all security on any real or personal property comprised in the Facility Facilities to be promptly discharged and released on the date requested by the Authority (which will be on or after the Termination Date).

Agent Covenants. ‌ The Agent will promptly: (a) [deliver its pledged bond for cancellation upon payment by the Authority of the Termination Payment - NTD: revise as appropriate in light of actual financing arrangements]; (b) notify the Authority when it believes the Senior Debt Discharge Date will occur or has occurred, and in any event will so notify no later than 20 Business Days after its occurrence; (c) a reasonable time prior to the taking of any such action, notify the Authority of any decision by the Senior Lenders to take action under Section ▼ [NTD: insert acceleration rights/enforcement of security/exercise of any LRA step-in/transfer (d) unless notice is already provided under the above provisions, notify the Authority of any decision by the Senior Lenders to: (1) appoint an Insolvency Officer;Officer;‌ (2) commence any Insolvency Proceedings;Proceedings;‌ (3) sanction, by voting or failing to vote, any Insolvency Proceedings; oror‌ (4) take any action authorizing, or which might result in or is in furtherance of, any of the matters referred to in Sections (1), (2) or (3) above; and (e) upon request by the Authority, cause all security on any real or personal property comprised in the Facility Building to be promptly discharged and released on the date requested by the Authority (which will be on or after the Termination Date).