Covenants for Benefit of Bondholders and Bank. This Agreement is executed in part to induce (a) the purchase by others of the Bonds, and (b) the issuance by the Bank of the Letter of Credit, and the participation by the Bank in the funding of advances under the Letter of Credit. Accordingly, all covenants and agreements on the part of the Company and the Authority, as set forth in the Agreement, are hereby declared to be for the benefit of the Owners from time to time of the Bonds and for the benefit of the Bank.
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Samples: Loan Agreement (Gateway Trade Center Inc.), Loan Agreement (Gateway Trade Center Inc.), Loan Agreement (Gateway Trade Center Inc.)
Covenants for Benefit of Bondholders and Bank. This Agreement is executed in part to induce induce: (a) the purchase by others of the Bonds, ; and (b) the issuance by the Bank of the Letter of Credit, and the participation by the Bank in the funding of advances under the Letter of Credit. Accordingly, all covenants and agreements on the part of the Company and the Authority, as set forth in the this Agreement, are hereby declared to be for the benefit of the Owners from time to time of the Bonds and for the benefit of the Bank.
Appears in 2 contracts
Samples: Loan Agreement (Nutrition Management Services Co/Pa), Loan Agreement (Nutrition Management Services Co/Pa)
Covenants for Benefit of Bondholders and Bank. This Agreement is executed in part to induce (a) the purchase by others of the Bonds, Bonds and (b) the issuance by the Bank of the Letter of Credit, and the participation by the Bank in the funding of advances under the Letter of Credit. Accordingly, all covenants and agreements on the part of the Company Borrower and the Authority, as set forth in the Agreement, are hereby declared to be for the benefit of the Owners from time to time of the Bonds and for the benefit of the Bank.
Appears in 1 contract
Samples: Loan Agreement (Lannett Co Inc)
Covenants for Benefit of Bondholders and Bank. This Agreement is executed in part to induce (a) the purchase by others of the Bonds, Bonds and (b) the issuance by the Bank of the Letter Letters of Credit, and the participation by the Bank in the funding of advances under the Letter Letters of Credit. Accordingly, all covenants and agreements on the part of the Company and the Authority, as set forth in the this Agreement, are hereby declared to be for the benefit of the Owners from time to time of the Bonds and for the benefit of the Bank.
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