Burdensome Undertakings Sample Clauses

Burdensome Undertakings. Undertake, or become contractually ------------------------ bound to undertake, any action not in the Ordinary Course of Business that could materially adversely affect Borrower or its business, properties, prospects, assets, operations or condition (financial or otherwise).
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Burdensome Undertakings. Undertake, or become contractually bound to undertake, any action that is reasonably likely to have a material adverse affect on Borrower or its present or future business, properties, assets, operations or financial condition.
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Burdensome Undertakings. 29- (i) Change in Location of Business. . . . . . . .-29- (j) New Subsidiaries. . . . . . . . . . . . . . .-29- (l) Disposition of Assets . . . . . . . . . . . .-30- (m) ERISA . . . . . . . . . . . . . . . . . . . .-30- 11. Events of Default. . . . . . . . . . . . . . . . .-30- (a) Non-Payment . . . . . . . . . . . . . . . . .-30- (b) Other Defaults. . . . . . . . . . . . . . . .-30- (c) Representation or Warranty. . . . . . . . . .-30- (d) Security Documents. . . . . . . . . . . . . .-31- (e) Judgments . . . . . . . . . . . . . . . . . .-31- (f) Insolvency. . . . . . . . . . . . . . . . . .-31- (g) Bankruptcy. . . . . . . . . . . . . . . . . .-31- (h) Cross-Default . . . . . . . . . . . . . . . .-31- (i) ERISA . . . . . . . . . . . . . . . . . . . .-32- (j) Loan Documents. . . . . . . . . . . . . . . .-32- 12. Remedies . . . . . . . . . . . . . . . . . . . . .-32- (a) Automatic Acceleration of Loan. . . . . . . .-32- (b) Optional Acceleration of Loan . . . . . . . .-32- (c) Set-Off . . . . . . . . . . . . . . . . . . .-33- 13. Conditions of Lending. . . . . . . . . . . . . . .-33- (a) Initial Advance . . . . . . . . . . . . . . .-33- (b) Subsequent Advances . . . . . . . . . . . . .-34- 14. Indemnity. . . . . . . . . . . . . . . . . . . . .-35- 15. The Agent. . . . . . . . . . . . . . . . . . . . .-36- (a) Appointment . . . . . . . . . . . . . . . . .-36- (b) Delegation of Duties. . . . . . . . . . . . .-36- (c) Exculpatory Provisions. . . . . . . . . . . .-36- (d) Reliance by Agent . . . . . . . . . . . . . .-36- (e) Notice of Default . . . . . . . . . . . . . .-37- (f) Non-Reliance on Agent and Other Banks . . . .-37- (g) Indemnification . . . . . . . . . . . . . . .-38- (h) Agent in Its Individual Capacity. . . . . . .-38- (i) Successor Agent . . . . . . . . . . . . . . .-38-
Sample 1
Burdensome Undertakings. Undertake, or become contractually bound to undertake, any action not in the ordinary course of business that would materially adversely affect its business, properties, prospects, assets, operations or condition (financial or otherwise); or enter into any hedging agreement, options trading agreement, futures trading agreement, swap agreement (including, without limitation, any crude oil, natural gas or other hydrocarbons swap or price swap contract) or any other agreement or option to swap commodities or prices or hedge or speculate against future changes in commodity prices (collectively, "Hedging Agreements"), other than Hedging Agreements between Borrower and (i) Enron Capital & Trade Resources Corp., (ii) Natural Gas Clearinghouse, (iii) N.M. Rothschild & Son, Ltd. or (iv) one or more financial institutions having a credit rating of Grade A or above as defined by Xxxxx'x Investors Service.
Sample 1
Burdensome Undertakings. The Borrower shall not undertake, or become contractually bound to undertake, any action not in the ordinary course of business that could materially adversely affect the Borrower or its primary business, operations, assets, property, prospects, or condition (financial or otherwise). "Primary business" shall mean the design, production, manufacture and sale of electronic devices and related components.
Sample 1
Burdensome Undertakings. Borrower will not undertake, or become contractually bound to undertake, any action not in the ordinary course of business that would materially adversely affect its business, properties, prospects, assets, operations or condition (financial or otherwise). Borrower will not be a party to or in any manner be liable on any Hedging Contract, other than Hedging Contracts between Borrower and (i) Enron Capital & Trade Resources Corp., (ii) Natural Gas Clearinghouse, (iii) N.M. Rothschild & Son, Ltd., (iv) any Lender or any Affiliate thereof, or (v) one or more financial institutions having a credit rating of Grade A or higher as defined by Moody's.
Sample 1
Burdensome Undertakings. 45 (i) Change in Location of Business......................................................................................45 (j)
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Related to Burdensome Undertakings

  • Negative undertakings The Borrower will not:

  • COMPLIANCE UNDERTAKINGS 6.1. The Fund undertakes to comply with Subchapter M and Section 817(h) of the Code, and all regulations issued thereunder.

  • Corporate Undertakings The Company will not engage in any of the following activities without a prior evaluation and affirmative recommendation of Advisor, solely for the Company's benefit and not for the benefit of any third party;

  • Compliance with certain undertakings At the date of this Agreement, the Borrower is in compliance with Clauses 11.2, 11.4, 11.9 and 11.13.

  • Representations and Undertakings 2.1. The Trust represents to the Distributor that all registration statements filed by the Trust with the SEC under the 1933 Act, with respect to Shares have been prepared in conformity with the requirements of the 1933 Act and rules and regulations of the SEC thereunder.

  • GENERAL UNDERTAKINGS The undertakings in this Clause 22 remain in force from the date of this Agreement for so long as any amount is outstanding under the Finance Documents or any Commitment is in force.

  • INFORMATION UNDERTAKINGS The undertakings in this Clause 20 remain in force from the date of this Agreement for so long as any amount is outstanding under the Finance Documents or any Commitment is in force.

  • REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS 3.1 Each Party hereby represents and warrants to the other Party that, as of the date this Contract Amendment No. 15 is signed and as of the Effective Date of this Contract Amendment No. 15:

  • Covenants and Undertakings The Grantor covenants and undertakes that:

  • Financial Undertakings The Borrower will not enter into or remain liable upon, nor will it permit any Subsidiary to enter into or remain liable upon, any Financial Undertaking, except to the extent required to protect the Borrower and its Subsidiaries against increases in interest payable by them under variable interest Indebtedness.

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