Borrower’s General Covenants Sample Clauses

Borrower’s General Covenants. During the term of the Loan (and unless otherwise specified herein), Borrower covenants and agrees as follows:
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Borrower’s General Covenants. Borrower hereby covenants and agrees that, until the Indebtedness has been paid in full, unless Borrower receives the prior written consent of Lender: (a) Borrower shall keep the Collateral free from any other lien, security interest or encumbrance, shall maintain the Collateral in good order and repair, shall use the Collateral in accordance with all laws,
Sample 1
Borrower’s General Covenants. Borrower hereby covenants and agrees that, until the Indebtedness shall have been paid in full and the Loan Agreement is terminated:
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Borrower’s General Covenants. Borrower hereby covenants and agrees that, until the Indebtedness has been paid in full, unless Borrower receives the prior written consent of Lender: (a) Borrower shall keep the Collateral free from any other lien, security interest or encumbrance, shall maintain the Collateral in good order and repair, shall use the Collateral in accordance with all laws, regulations and orders, and shall not sell, transfer, or dispose of any of the Collateral; (b) Borrower shall promptly advise Lender of any event or circumstance materially and adversely affecting the Collateral; (c) Borrower shall pay when due all taxes and similar obligations that might result in a lien on the Collateral if not paid. Borrower agrees to execute additional documents and take such other actions (at its expense) as Lender may reasonably request from time to time to implement or evidence the terms of this Agreement.
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Related to Borrower’s General Covenants

  • General Covenants The Corporation covenants with the Warrant Agent that so long as any Warrants remain outstanding:

  • Further Assurances; General Covenants Each Lien Grantor covenants as follows:

  • Collateral Covenants Until the Revolving Credit Facility has been terminated and all the Secured Obligations have been paid in full, unless the Required Lenders shall otherwise consent in the manner provided in Section 15.9:

  • Special Covenants If any Company shall fail or omit to perform and observe Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13 or 5.15 hereof.

  • Certain Financial Covenants The Borrower will not:

  • Certain Additional Covenants (a) If any Pledgor shall, as a result of its ownership of any of the Collateral, become entitled to receive or shall receive any Stock Certificate (including any Stock Certificate issued pursuant to a stock dividend or a distribution in connection with any reclassification or increase or reduction of capital, or any Stock Certificate issued in connection with any reorganization) or any other certificate evidencing any Collateral, such Pledgor shall accept the same as the agent of the Agent, hold the same in trust for the Agent and deliver the same forthwith to the Agent in the exact form received, duly endorsed by such Pledgor to the Agent, if required, together with an undated stock power covering such Stock Certificate or other certificate duly executed in blank by such Pledgor and with, if the Agent so requests, signature guaranteed, to be held by the Agent, subject to the terms hereof, as additional Collateral. Any sums paid upon or in respect of the Pledged Equity Interests upon the liquidation or dissolution of any Subsidiary shall be paid over to the Agent to be held as additional Collateral. In case any distribution of capital shall be made on or in respect of the Pledged Equity Interests or any property shall be distributed upon or with respect to the Pledged Equity Interests pursuant to the recapitalization or reclassification of the capital of the Pledgor or any Subsidiary or pursuant to the reorganization thereof, as applicable, the capital or property so distributed shall be delivered to the Agent to be held as additional Collateral. If any such capital or property so paid or distributed shall be received by any Pledgor, such Pledgor shall, until such capital or property is paid or delivered to the Agent, hold such money or property in trust for the Agent, segregated from other funds of such Pledgor, as additional Collateral.

  • Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

  • Compliance with Financial Covenants Schedule A attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct.

  • BORROWER'S NEGATIVE COVENANTS Borrower covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7.

  • Financial Covenants So long as any Advance or any other Obligation of any Loan Party under any Loan Document shall remain unpaid, any Letter of Credit shall be outstanding or any Lender Party shall have any Commitment hereunder, the Borrower will:

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