Banks Covenants Sample Clauses

Banks Covenants. So long as any amount is owing to any Noteholder or the Trustee hereunder, the Bank shall send to the Trustee:
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Banks Covenants. 16.1 The Bank acknowledges and declares that this Deed has been entered into by the Owner with its consent and that the Site shall be bound by the obligations contained in this Deed PROVIDED THAT the Bank shall otherwise have no liability under this Deed unless it takes possession of all or any of the Site in which case it too will be bound by the obligations as if it were a person deriving title from the Owner. For the avoidance of doubt, the Bank shall only be liable for any continuing breaches or breach of this Deed if it has itself caused the breach whilst being mortgagee in possession and shall in no circumstances be liable for any pre-existing breach and it shall have no liability in relation to the Site (save for any breaches it has caused itself whilst a mortgagee in possession) after it has discharged its charge or has disposed of its interest in the relevant Site whether by sale or otherwise.
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Banks Covenants. (A) Until the Buyer is substituted as the record holder of the Assigned Rights, the Bank shall deliver to the Buyer all information or materials received by the Bank after the Assignment Closing Date relating to the Assigned Rights unless the Bank is bound to keep the same confidential by applicable law or by an agreement executed prior to the date hereof except where the Buyer agrees in writing to be bound by the terms and conditions of such agreement which govern the confidential nature of the information furnished thereunder as if it were a signatory thereto.
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Banks Covenants a. Data would be given in the prescribed format and any errors / misprints arising out of such erroneous in file data would be chargeable to IDBI Bank to the extent of the value (as may be agreed between the parties) of stationery printed and delivered, however the Service Provider shall do a double check and take all precautions before processing the data. The scope of the work would initially be for the branches On All India Basis as may be advised by IDBI Bank from time to time.
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Banks Covenants 
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Related to Banks Covenants

  • Borrower’s Covenants 3.1 As and when he becomes, and for so long as he remains a shareholder of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower shall cause Borrower Company:

  • Vendor’s Covenants The Vendor will have performed and complied with all agreements, covenants and conditions as required by this Agreement.

  • Lessor's Covenants The Lessor hereby covenants with the Lessee as follows:

  • Pledgor’s Covenants The Pledgor represents, covenants and warrants that unless compliance is waived by the Bank in writing:

  • Buyer’s Covenants Buyer hereby covenants as follows:

  • Debtor’s Covenants Until the Obligations are paid in full, Debtor agrees that it will:

  • Seller’s Covenants Seller hereby covenants as follows:

  • Grantor's Covenants The Grantor covenants that it shall:

  • Accounts Covenants (a) Borrower shall notify Lender promptly of: (i) any material delay in Borrower's performance of any of its obligations to any account debtor or the assertion of any claims, offsets, defenses or counterclaims by any account debtor, or any disputes with account debtors, or any settlement, adjustment or compromise thereof, (ii) all material adverse information relating to the financial condition of any account debtor and (iii) any event or circumstance which, to Borrower's knowledge would cause Lender to consider any then existing Accounts as no longer constituting Eligible Accounts. No credit, discount, allowance or extension or agreement for any of the foregoing shall be granted to any account debtor without Lender's consent, except in the ordinary course of Borrower's business in accordance with practices and policies previously disclosed in writing to Lender. So long as no Event of Default exists or has occurred and is continuing, Borrower shall settle, adjust or compromise any claim, offset, counterclaim or dispute with any account debtor. At any time that an Event of Default exists or has occurred and is continuing, Lender shall, at its option, have the exclusive right to settle, adjust or compromise any claim, offset, counterclaim or dispute with account debtors or grant any credits, discounts or allowances.

  • Further Assurances Covenants Each Lien Grantor covenants as follows:

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