Certain Covenants of Company. Company covenants and agrees with Loan Trustee as follows:
Certain Covenants of Company. Company shall:
Certain Covenants of Company. ARTICLE 7
Certain Covenants of Company. In the event of:
Certain Covenants of Company. The Company covenants and agrees as follows:
Certain Covenants of Company. 5.1 Conduct of Business Prior to the Effective Time. During the period from the date of this Agreement to the Effective Time, except as expressly contemplated or permitted by this Agreement, Company shall, and shall cause each of its Subsidiaries, to (a) conduct its business in the ordinary course consistent with past practice, (b) use reasonable commercial efforts consistent with past practice and policies to preserve intact its present business organizations, keep available the services of its present executive officers and key employees and preserve its relationships with customers, suppliers, distributors, licensors, licensees, and others having business dealings with it and (c) take no action which would adversely affect or delay in any material respect the ability of either Parent or Company to obtain any necessary approvals of any regulatory agency or other Governmental Entity required for the transactions contemplated hereby.
Certain Covenants of Company. Company covenants and agrees in favor of Parent to (i) payoff all amounts owed pursuant to the Loan and Security Agreement by and between PSI and RBC Centura Bank, (ii) cause to be repaid in Parent Common Stock, out of the Aggregate Merger Consideration, all of the Senior Secured Promissory Notes Repayment Amount, and (iii) cause to be repaid in Parent Common Stock, out of the Aggregate Merger Consideration, all of the Senior Unsecured Promissory Notes Repayment Amount.
Certain Covenants of Company. The Company shall not waive, without the prior written consent of WCAS VII, any conditions precedent to its obligation to consummate the transactions contemplated by the Stock Purchase Agreement. The Company further acknowledges and agrees that WCAS VII has the unrestricted right to take unilateral action under the Stock Purchase Agreement, including, among other things, the termination of the Stock Purchase Agreement if the Closing Date has not occurred on or before June 14, 1996.
Certain Covenants of Company
