CORPORATION’S NEGATIVE COVENANTS Sample Clauses
The Corporation's Negative Covenants clause restricts certain actions or behaviors by the corporation, typically to protect the interests of lenders or investors. These covenants may prohibit the corporation from incurring additional debt, selling key assets, or making significant changes to its business operations without prior approval. By imposing these limitations, the clause helps ensure the corporation maintains financial stability and reduces the risk of actions that could negatively impact stakeholders.
CORPORATION’S NEGATIVE COVENANTS. The Corporation covenants and agrees with Holder that so long as Holder retains any Class A Shares or Class B Shares, then, unless another time frame is specifically stated herein:
CORPORATION’S NEGATIVE COVENANTS. The Corporation and each of the Subsidiaries hereby severally covenants and agrees with the Lender that during the Covenant Period, unless the Lender otherwise consents in writing, neither the Corporation nor any Subsidiary will directly or indirectly:
CORPORATION’S NEGATIVE COVENANTS. The Corporation covenants and agrees with the Investor that, for so long as the Investor owns, directly or indirectly, not less than 4,375,000 Shares (as adjusted for stock splits, consolidations and the like), without the prior written consent of the Investor, which consent shall not be unreasonably (1) withheld, (2) conditioned or (3) delayed, the Corporation shall not: