Compliance with Certain Covenants Sample Clauses

Compliance with Certain Covenants. For purposes of determining compliance with the covenants set forth in Sections 7.02(e), 7.02(q), 7.03(l) and 7.03(m) that permit the incurrence of certain Liens, Indebtedness or Investments, with reference to certain ratio levels, such covenants will be measured as of the incurrence date of any such permitted Lien, Indebtedness or Investment. The Loan Parties shall not be deemed to be in Default of such covenants following the incurrence thereof solely by virtue of the fact that the then current applicable ratio level is not within the level required for the incurrence of such Lien, Indebtedness or Investment; provided that the Borrower and its Restricted Subsidiaries (a) were in compliance with the applicable ratio for such covenant at the time of incurrence of such Lien, Indebtedness or Investment and (b) no other Default or Event of Default shall have occurred and be continuing.
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Compliance with Certain Covenants. At the time the Borrowers deliver the financial statements required by Section 7.1(b), the Consolidated Shorewood Group shall deliver a certificate, in the form of Exhibit 7.1(i), containing information regarding expenditures made by the Consolidated Shorewood Group as to Investments, Acquisitions, Capital Expenditures and Restricted Payments during the prior fiscal quarter.
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Compliance with Certain Covenants. The L/C Issuer DACA shall have been executed and delivered by all parties thereto, and shall be in full force and effect, and the Loan Parties shall be in compliance with the requirements of Section 7.03(d).
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Compliance with Certain Covenants. The Company shall have performed or complied in all respects with its covenants in Section 4.01 and 4.02.
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Compliance with Certain Covenants. L-P shall comply with all of the covenants set forth under the headings "Affirmative Covenants" and "Negative Covenants" in the Credit Agreement, dated as of January 31, 0000, xxxxx X-X, Xxxxxxxxx-Xxxxxxx Xxxxxx Ltd., the several financial institutions from time to time party thereto (collectively, the "Banks") and BofA, as agent for the Banks (such Credit Agreement, as the same has been amended or otherwise modified prior to the date hereof being referred to herein as the "Credit Agreement"), subject in each case to any applicable grace periods provided for in the Credit Agreement. The covenants described in the immediately preceding sentence, as from time to time constituted pursuant to the immediately preceding sentence, are incorporated herein by this reference with the same force and effect as though they were set forth herein in their entirety, and shall be effective for purposes of this Agreement irrespective of any further amendment, expiration, termination, invalidity or unenforceability of the Credit Agreement.
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Compliance with Certain Covenants. Notwithstanding anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or consummated) in reliance on clause (a) of the “Incremental Debt Cap” definition or Section 8.02(h)(v)(i) (any such amounts, the “Fixed Amounts”) substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance on clause (b) of the “Incremental Debt Cap” definition or Section 8.02(h)(v)(ii) (any such amounts, the “Incurrence Based Amounts”), it is understood and agreed that the Fixed Amounts (and any cash proceeds thereof) shall be disregarded in the calculation of the financial ratio or test applicable to the Incurrence Based Amounts in connection with such substantially concurrent incurrence.
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Compliance with Certain Covenants. For purposes of determining compliance with the covenants set forth in Sections 7.01(o), 7.01(p), 7.02(e), 7.02(k), 7.02(q), 7.03(k), 7.03(l), and 7.03(m) that permit the incurrence of certain Liens, Indebtedness or Investments, with reference to maximum Consolidated Net Leverage Ratio levels, such covenants will be measured as of the incurrence date of any such permitted Lien, Indebtedness or Investment. The Loan Parties shall not be deemed to be in Default of such covenants following the incurrence thereof solely by virtue of the fact that the then current Consolidated Net Leverage Ratio level is not within the Consolidated Net Leverage Ratio level required for the incurrence of such Lien, Indebtedness or Investment; provided, that, the Borrower and its Subsidiaries (a) were in compliance with the applicable Consolidated Net Leverage Ratio for such covenant at the time of incurrence of such Lien, Indebtedness or Investment, (b) are otherwise in compliance with the Consolidated Net Leverage Ratio covenant set forth in Section 7.11 and (c) no other Default or Event of Default shall have occurred and be continuing.
Sample 1
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Related to Compliance with Certain Covenants

  • 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.

  • Certain Covenants (a) The Company covenants that all shares of Common Stock issued upon conversion of Notes will be fully paid and non-assessable by the Company and free from all taxes, liens and charges with respect to the issue thereof. (b) The Company covenants that, if any shares of Common Stock to be provided for the purpose of conversion of Notes hereunder require registration with or approval of any governmental authority under any federal or state law before such shares of Common Stock may be validly issued upon conversion, the Company will, to the extent then permitted by the rules and interpretations of the Commission, secure such registration or approval, as the case may be. (c) The Company further covenants that if at any time the Common Stock shall be listed on any national securities exchange or automated quotation system the Company will list and keep listed, so long as the Common Stock shall be so listed on such exchange or automated quotation system, any Common Stock issuable upon conversion of the Notes.

  • Compliance with Agreements and Covenants Purchaser shall have performed and complied in all material respects with all of its covenants, obligations and agreements contained in this Agreement to be performed and complied with by it on or prior to the Closing Date.

  • Compliance with Certain Laws The Mortgage Rate (exclusive of any default interest, late charges, yield maintenance charge, or prepayment premiums) of such Mortgage Loan complied as of the date of origination with, or was exempt from, applicable state or federal laws, regulations and other requirements pertaining to usury.

  • Compliance with FCPA Each of the Credit Parties and their Subsidiaries is in compliance with the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq., and any foreign counterpart thereto. None of the Credit Parties or their Subsidiaries has made a payment, offering, or promise to pay, or authorized the payment of, money or anything of value (a) in order to assist in obtaining or retaining business for or with, or directing business to, any foreign official, foreign political party, party official or candidate for foreign political office, (b) to a foreign official, foreign political party or party official or any candidate for foreign political office, and (c) with the intent to induce the recipient to misuse his or her official position to direct business wrongfully to such Credit Party or its Subsidiary or to any other Person, in violation of the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq.

  • Compliance with Agreements Promptly and fully comply with all Contractual Obligations to which any one or more of them is a party, except for any such Contractual Obligations (a) the nonperformance of which would not cause a Default or Event of Default, (b) then being contested by any of them in good faith by appropriate proceedings, or (c) if the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

  • Compliance with Obligations Buyer must have performed and complied with all its covenants and obligations required by this Agreement to be performed or complied with at or prior to Closing (singularly and in the aggregate) in all material respects.

  • Compliance with Agreement Buyer shall have performed and complied in all material respects with all of its obligations under this Agreement which are to be performed or complied with by it prior to or on the Closing Date.

  • Compliance with OFAC None of the Company and its Subsidiaries or, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company and its Subsidiaries or any other person acting on behalf of the Company and its Subsidiaries, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”), and the Company will not, directly or indirectly, use the proceeds of the Offering hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

  • Compliance with Conditions All of the terms, covenants, conditions and obligations of this Agreement and each other Transaction Document required to be complied with and performed by Seller on or prior to the Closing Date shall have been duly complied with and performed in all material respects.

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