COVENANTS OF CGI Sample Clauses

COVENANTS OF CGI. CGI covenants and agrees with IBG as follows:
Sample 1
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COVENANTS OF CGI. 7.1 NO REORGANIZATION/DISTRIBUTIONS CGI hereby covenants with the Escrow Agent and the Underwriters that from the Closing Date to the earlier of the Effective Time and the Termination Time, it shall not do any of the following, unless, in the case of any such action described below, an appropriate adjustment is made to the number of Class A Shares issuable on exchange of the Subscription Receipts, which action is taken with prior written consent of the Underwriters: (i) subdivide the outstanding Class A Shares into a greater number of shares; (ii) reduce, combine or consolidate the outstanding Class A Shares into a smaller number of shares; (iii) declare or pay, or fix a record date to declare or pay, any dividend or distribution in cash or in-kind to any or all holders of issued and outstanding Class A Shares; or (iv) reclassify the Class A Shares or undertake a reorganization of the Company or a consolidation, amalgamation, arrangement or merger of CGI with any other person or other entity, or a sale or conveyance of the property and assets of CGI as an entity or substantially as the entirety to any other person or entity or a liquidation, dissolution or winding-up of CGI.
Sample 1

Related to COVENANTS OF CGI

  • Covenants of Company In the event that any litigation with claims in excess of $1,000,000 to which the Company is a party which shall be reasonably likely to result in a material judgment against the Company that the Company will not be able to satisfy shall be commenced by an Owner, during the period beginning nine months following the commencement of such litigation and continuing until such litigation is dismissed or otherwise terminated (and, if such litigation has resulted in a final judgment against the Company, such judgment has been satisfied), the Company shall not make any distribution on or in respect of its membership interests to any of its members, or repay the principal amount of any indebtedness of the Company held by CFC, unless (i) after giving effect to such distribution or repayment, the Company's liquid assets shall not be less than the amount of actual damages claimed in such litigation or (ii) the Rating Agency Condition shall have been satisfied with respect to any such distribution or repayment. The Company will not at any time institute against the Trust any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Certificates, the Notes, this Agreement or any of the Basic Documents.

  • Covenants of Parties The Parties hereby covenant and agree as follows:

  • Covenants of Party B Party B hereby covenants as follows:

  • COVENANTS OF CONSULTANT Consultant covenants and agrees with the Company that, in performing Consulting Services under this Agreement, Consultant will:

  • Covenants of the Bank The Bank covenants and agrees with the Underwriters that:

  • Covenants of Contributor Contributor agrees as follows:

  • Covenants of Parent Parent agrees that:

  • COVENANTS OF THE STOCKHOLDER Section 1.01.

  • COVENANTS OF DEBTOR Debtor hereby covenants and agrees as follows:

  • Covenants of Party A (a) Unless the provisions set forth below under “Private Placement Procedures” shall be applicable, Party A shall use any Shares delivered by Party B to Party A on any Settlement Date to return to securities lenders to close out open Share loans created by Party A or an affiliate of Party A in the course of Party A’s or such affiliate’s hedging activities related to Party A’s exposure under this Confirmation.

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