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. 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. 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. 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. 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
BUSINESS COVENANTS. Seller agrees, in further consideration of the amounts to be paid hereunder for the Interests and the goodwill of the Company sold by Seller, that Seller shall not (and shall cause NRP's controlled Affiliates not to) directly or indirectly:
(a) Until the fifth (5th) anniversary of Closing (the "Non-Compete Period"), (i) own any interest in, manage, control, participate in, consult with, render services for, or in any other manner engage anywhere in North America in any business engaged directly or indirectly in the Restricted Business; provided, that nothing herein shall prohibit any Person subject to this Section 6.14 or any of its Affiliates from being a passive owner of not more than two percent (2%) of the outstanding stock of any class of a corporation which is publicly traded so long as none of such Persons has any active participation in the business of such corporation, or (ii) induce or attempt to induce any customer, supplier or other business relation of any Acquired Company, at any time prior to the Closing, to cease doing business with the Acquired Companies or in any way interfere with the relationship between any such customer, supplier or business relation and Acquired Companies in a manner harmful to the Acquired Companies.
(b) Until the third (3rd) anniversary of Closing, (i) induce or attempt to induce any Person who was an employee of any Acquired Company on the Closing Date or within the one (1)-year period immediately prior to the Closing Date to leave the employ of such Acquired Company, or in any way interfere with the relationship between such Acquired Company and any such employee in a manner harmful to the Acquired Companies, except as part of (or arising from) a general solicitation, search, or advertisement for employees or consultants through public advertisements not targeted at such employees or (ii) hire any person who was an employee of any Acquired Company on the Closing Date or at any time during the one (1)-year period immediately prior to the Closing Date.
(c) During the Non-Compete Period, if NRP or any of its controlled Affiliates (the "Offeror") intends to engage in a marketing process for the purpose of entering into, or otherwise seeks to solicit offers to enter into, any Contract with a third-party to rent, license or lease or grant a comparable right to use (including, for the avoidance of doubt, in exchange for a royalty or similar fee or payment) to such third-party any real property and/or known or expected r...
