Covenant Merger Sample Clauses

Covenant Merger. Notwithstanding anything in the foregoing covenants to the contrary, the foregoing covenants with respect to the Borrower shall no longer be applicable if the Borrower is merged into, consolidated with or otherwise reorganized into the Company. The covenants with respect to the Company set forth in Sections 6.1 and 6.2 of the Loan Agreement, dated as of October 1, 2005, by and between The Connecticut Water Company and the Authority relating to the $10,000,000 aggregate principal amount of the Authority’s Water Facilities Revenue Bonds (The Connecticut Water Company Project-2005A Series) (the “Connecticut Water Company Agreement”) shall apply to the merged, consolidated or otherwise reorganized entity. When so applied to the merged, consolidated or otherwise reorganized entity, all capitalized terms appearing in Sections 6.1 and 6.2 of the Connecticut Water Company Agreement shall have the meanings ascribed thereto in this Agreement; provided, however, that all references to the “Borrower” appearing in Sections 6.1 and 6.2 of the Connecticut Water Company Agreement and in the applicable definitions of the capitalized terms used therein shall mean the Company, as such term is defined herein.