COVENANT OF BORROWER. The Borrower hereby covenants that during the period of this Agreement:
COVENANT OF BORROWER. The Borrower covenants that it will not, without the prior written consent of the Lender, permit the General Partner to agree to amend Section 5.12 of the Partnership Agreement if the effect thereof would be to expand the purposes to which amounts in the G P's Special Reserve would be applied.
COVENANT OF BORROWER. Borrower acknowledges and agrees that it has been provided a copy of the Lender’s Senior Working Capital Facility and hereby agrees, in its capacity as a subsidiary and/or affiliate of OGE (for so long as Borrower meets the criteria as such as set forth in the Lender’s Senior Working Capital Facility), to take and cause its subsidiaries and controlled affiliates to take any such actions as are commercially reasonable to comply or facilitate Lender’s compliance with all covenants and undertakings under such agreement (subject to permitted grace periods and notices thereunder) which are applicable to Lender’s subsidiaries and/or affiliates thereunder.
COVENANT OF BORROWER. (a) Borrower covenants and agrees that the existing line of credit between Lockwood Sign Group, Inc. and Branch Bank & Trust in the pxxxxxxxx amount of approximately $2,000,000 will be paid and satisfied in full (including the recording of all documents and instruments necessary to evidence this satisfaction and the release of all collateral), and that all agreements and documents evidencing that line of credit shall be terminated within thirty (30) days of the date of this Amendment. Evidence of the satisfaction of this line of credit and release of all collateral shall be provided to Bank within this thirty (30) day period. Failure to pay off the line of credit, satisfy the same in full, obtain a release of all collateral and terminate all agreements evidencing the line of credit in the thirty (30) day period shall constitute an Event of Default under the Loan Agreement. Bank recognizes the satisfaction of this line of credit is a permitted use of proceeds under Section 2.6 of the Loan Agreement.
COVENANT OF BORROWER. Borrower shall, at its own expense, make, execute, endorse, acknowledge, file and/or deliver to Lender from time to time such assignments, conveyances, financing statements, transfer endorsements, powers of attorney, certificates, reports and other assurances or instruments and take such further steps relating to the Account and the Account Funds as Lender may reasonably require in order to perfect its security interest in the Account and the Account Funds.
COVENANT OF BORROWER. Borrower covenants and agrees that, upon the commencement of a voluntary or involuntary bankruptcy, insolvency or reorganization proceeding by or against the Borrower, Borrower shall not oppose, or cause any other person or entity to oppose, any request by Secured Party for relief from any automatic stay of the enforcement by Secured Party of any of its rights hereunder or under the Note which may arise in connection with the commencement of any such proceeding. Borrower acknowledges that Secured Party has given consideration for the covenant contained in this Section 7(e) and that Secured Party has agreed to provide additional advances to Borrower in reliance upon the covenant contained in the Section 7(e).
COVENANT OF BORROWER. Borrower hereby covenants to cause Hub and each of its Subsidiaries (other than the Subsidiaries which are the primary obligors with respect to the Government Properties Assumed Indebtedness) to become Guarantors under the Loan Agreement by executing and delivering to Agent (with sufficient originally executed copies for each Lender) a document in the form of Exhibit A hereto within five Business Days of the merger of Hub and Government Properties. The parties hereto agree that any default in the observance or performance of this Section 3 shall constitute an Event of Default under Section 7.1(c) of the Loan Agreement.
COVENANT OF BORROWER. The Borrower hereby covenants to pay, using funds other than those in the Collection Account as of the date hereof, on or prior to March 24, 2009, to the Lenders, pro rata, an aggregate amount equal to $1,000,000 in immediately available funds, which shall be applied in its entirety to reduce the Advances Outstanding as of such date of payment.
COVENANT OF BORROWER to Take All Action Necessary to Assure Compliance with the Internal Revenue Code of 1986. 14 Section 18. Insurance. 15 Section 19. Event of Default; Remedies. 15 Section 20. Annual Reports. 16 Section 21. Supplemental Assistance Agreement. 17 Section 22. No Remedy Exclusive. 17 Section 23. Waivers. 17 Section 24. Agreement to Pay Attorneys’ Fees and Expenses. 17 Section 25. Assignability. 18 Section 26. Execution in Counterparts. 18 Section 27. Signatures of Officers. 18 Section 28. Severability Clause. 18 EXHIBIT A Loan Payment Schedule EXHIBIT B Monthly Installment Schedule EXHIBIT C Form of Requisition Certificate ASSISTANCE AGREEMENT This Assistance Agreement is made and entered into as of , 2024 (the “Assistance Agreement”) by and between the Rural Water Financing Agency, 0000 Xxx Xxxxxx Xxxx, Bowling Green, Kentucky 42103, an interlocal agency and public agency duly organized and existing under the laws of the Commonwealth of Kentucky (the “Lender”) and the , , Kentucky (the “Borrower”):
