Common use of Covenants in the Credit Agreement Clause in Contracts

Covenants in the Credit Agreement. In the case of each Grantor other --------------------------------- than the Company, such Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its Subsidiaries.

Appears in 2 contracts

Samples: Pledge Agreement (Federal Mogul Corp), Pledge Agreement (Federal Mogul Corp)

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Covenants in the Credit Agreement. In the case of each Grantor other --------------------------------- than the Company, such Each Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, by it so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its SubsidiariesGrantor.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Peak Resources LP)

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Covenants in the Credit Agreement. In the case of each Grantor other --------------------------------- than the CompanySubsidiary -------------------------------------- Grantor, such Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its Subsidiaries.

Appears in 1 contract

Samples: Security Agreement (Federal Mogul Corp)

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