BUSINESS COVENANTS Sample Clauses
BUSINESS COVENANTS. The Borrower covenants that from the date of this Agreement, and for so long as any of the Obligations remain unpaid, any Letters of Credit remain outstanding, the Lenders have an unexpired Commitment to lend hereunder or the Issuing Bank has an unexpired commitment to issue Letters of Credit hereunder, it shall comply with each of the covenants set forth in this Article 8.
BUSINESS COVENANTS. So long as any of the Obligations is unpaid or any of the Lenders has any commitment to make Loans hereunder, the Borrower shall, and shall cause each of its Subsidiaries to, comply with the following covenants.
BUSINESS COVENANTS. So long as any of the Obligations are outstanding and unpaid or the Commitment is outstanding (whether or not the conditions to borrowing have been or can be fulfilled):
BUSINESS COVENANTS. From the Closing Date, and thereafter so long as any of the Debentures are outstanding, the Company will perform or comply with, as required, each of the following covenants:
BUSINESS COVENANTS. 26 12.1. Payment of Debentures and Maintenance of Office.......... 26 12.2. Payment of Taxes and Claims.............................. 27 (ii) Page
BUSINESS COVENANTS. 70 8.1 Indebtedness..................................................................................70 8.1.1 In General........................................................................70 8.1.2 Limitation on Incurrence..........................................................71 8.2 Liens; and Licenses...........................................................................71 8.2.1 In General........................................................................71 8.2.2 Negative Pledge...................................................................72 8.2.3 Licenses..........................................................................72 8.3 Investments, Loans, Acquisitions, Etc.........................................................73 -vi- TABLE OF CONTENTS (continued) Page 8.4 Restricted Payments...........................................................................74 8.4.1 Intercompany......................................................................74 8.4.2 Permitted Debenture Payments......................................................74
BUSINESS COVENANTS. (a) Each Seller acknowledges that (u) such Seller is selling to Buyer all of its interests in the Company (including the Company's goodwill) in connection with the transactions contemplated by this Agreement, (v) such Seller is intimately familiar with the Trade Secrets included in the Company IP and with other Confidential Information, (w) the covenants and agreements set forth in this Section 6.4 are reasonable in terms of duration, scope and territory restrictions and are necessary to protect the goodwill of the Business, the Trade Secrets included in the Company IP and Confidential Information, and the substantial investment in the Company made by Buyer hereunder, (x) the covenants and agreements set forth in this Section 6.4 were a material inducement to Buyer to enter into this Agreement and to perform its obligations hereunder and that Buyer and its direct and indirect equityholders would not obtain the benefit of the bargain set forth in this Agreement as specifically negotiated by the parties hereto if such Seller breached the provisions of this Section 6.4, (y) that the covenants and agreements set forth in this Section 6.4 are being made by such Seller in connection with the sale by such Seller of Shares pursuant to this Agreement and not directly or indirectly in connection with such Seller's employment or other relationship with the Company and (z) such Seller have had the opportunity to consult with legal counsel regarding the covenants and agreements set forth in this Section 6.4 and agrees that such restrictions are enforceable and reasonable. Therefore, each Seller agrees, in further consideration of the amounts to be paid hereunder as merger consideration to such Seller, that:
(i) from the Closing until the fourth (4th) anniversary of the Closing (the "Restricted Period"), each Seller shall not (and shall cause their respective Affiliates not to) directly or indirectly (A) induce or attempt to induce any Person who was an employee, service provider, or independent contractor of the Surviving Corporation or its Affiliates at any time during the twelve (12) month period ending on the date hereof to leave the employ of, or cease providing services to, the Surviving Corporation or its Affiliates (or in any way interfere with the relationship between the Company or its Affiliates and any such employee, service provider or independent contractor) except as part of a general solicitation, search or advertisement for employees or consultants thro...
BUSINESS COVENANTS. Party A and Party B agree to use their best commercial endeavors to continue the operation of the Business until the parties agree otherwise.
BUSINESS COVENANTS. The Company covenants that from the date of this Agreement so long as any of the Senior Secured Obligations remain unpaid, any Letters of Credit remain outstanding, the Lenders have an unexpired Commitment to lend hereunder or the Issuing Bank has an unexpired commitment to issue Letters of Credit hereunder, it shall comply with each of the covenants set forth in this Article 8.
BUSINESS COVENANTS. Section 5.1 MAINTENANCE OF PROPERTY, INSURANCE, ACCOUNTING PRACTICES, CORPORATE EXISTENCE......................... 41 Section 5.2 INSPECTION OF PROPERTIES AND BOOKS..................... 42 Section 5.3 MERGER AND SALE OF ASSETS.............................. 42 Section 5.4 NET WORTH.............................................. 43 Section 5.5 CONTINGENT LIABILITIES................................. 43 Section 5.6