Covenants of Credit Parties Sample Clauses

Covenants of Credit Parties. 31 Section 5.1 Affirmative Covenants 31 Section 5.2 Negative Covenants 34 ARTICLE VI Events of Default 37 Section 6.1 Events of Default 37 ARTICLE VII
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Covenants of Credit Parties. 30 Section 5.1 Affirmative Covenants 30 Section 5.2 Negative Covenants 33 ARTICLE VI Events of Default 36 Section 6.1 Events of Default 36 ARTICLE VII Relationship of Agent and Banks 38 Section 7.1 Authorization and Action 38 Section 7.2 Agent's Reliance, Etc. 39 Section 7.3 Agent and Affiliates 39 Section 7.4 Bank Credit Decision 40 Section 7.5 Indemnification 40 Section 7.6 Successor Agent 40 ARTICLE VIII Miscellaneous 41 Section 8.1 Notices 41 Section 8.2 Successors and Assigns 41 Section 8.3 Amendments and Related Matters 41 Section 8.4 Costs and Expenses; Indemnification 42 Section 8.5 Oral Communications 42 Section 8.6 Entire Agreement 43 Section 8.7 Governing Law 43 Section 8.8 Severability 43 Section 8.9 Counterparts 43 Section 8.10 Confidentiality 43 Section 8.11 Assignments and Participations 44 Section 8.12 Waiver of Trial by Jury 47 Section 8.13 Choice of Forum and Service of Process 47 Section 8.14 Remedies 48 Section 8.15 Right of Set-Off 48 Section 8.16 Effectiveness and Effect of Agreement 48 Schedule 1 Commitment Schedule and Addresses EXHIBITS Exhibit A Form of Assignment and Acceptance Agreement Exhibit B Form of Compliance Certificate Exhibit C-1 Form of Notice of Borrowing (Drawings) Exhibit C-2 Form of Notice of Borrowing (Continuations) Exhibit C-3 Form of Notice of Borrowing (Conversions) Exhibit D Form of Opinion of General Counsel of Borrower Exhibit E Form of Opinion of Xxxxxxx Xxxxxxx & Xxxxxxxx Exhibit F Form of Promissory Note AMENDED AND RESTATED CREDIT AGREEMENT This AMENDED AND RESTATED CREDIT AGREEMENT, dated as of June 30, 1997, is made by and among:
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Covenants of Credit Parties. As a material inducement to the Guarantors to enter into this Agreement, the Credit Parties covenant and agree that for so long as the limited guaranty and/or letters of credit remain outstanding, they shall: (a) not enter into any further modification of the Credit Agreement without the prior written consent of the Guarantors, (b) execute such documents as Guarantors may from time to time request to secure the obligations of Credit Parties to Guarantors, provided however, in no event shall the Credit Parties be required to execute such instruments if such would breach any term of the Credit Agreement absent a modification or waiver from GE Capital, (c) recognize any rights of subrogation reserved to or asserted by the Guarantors, if and to the extent permitted under the Letter of Credit Agreements attached as Exhibit I and Exhibit II, (d) recognize and affirm the obligations to pay the amounts contemplated under this Agreement notwithstanding that the same may be greater than amounts payable under the Credit Agreement, (e) not violate any term or condition of the Credit Agreement.
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Covenants of Credit Parties. 44 Section 10.1
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Covenants of Credit Parties 
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Related to Covenants of Credit Parties

  • Covenants of the Loan Parties Section 5.01 Affirmative Covenants 76 Section 5.02 Negative Covenants 80 Section 5.03 Reporting Requirements 86 Section 5.04 Financial Covenants 89

  • Covenants of the Borrowers The Borrowers covenant and agree with the Lenders and the Administrative Agent that, so long as any Commitment, Loan or Letter of Credit Liability is outstanding and until payment in full of all amounts payable by the Borrowers hereunder:

  • Covenants of the Borrower SECTION 5.01.

  • COVENANTS OF BORROWER Borrower agrees as follows:

  • Representations and Warranties of Credit Parties Each of the Credit Parties represents and warrants as follows: (a) It has taken all necessary action to authorize the execution, delivery and performance of this Amendment. (b) This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and binding obligations, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity). (c) No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by such Person of this Amendment. (d) The representations and warranties set forth in Article III of the Credit Agreement are true and correct as of the date hereof (except for those which expressly relate to an earlier date). (e) After giving effect to this Amendment, no event has occurred and is continuing which constitutes a Default or an Event of Default. (f) The Security Documents continue to create a valid security interest in, and Lien upon, the Collateral, in favor of the Administrative Agent, for the benefit of the Lenders, which security interests and Liens are perfected in accordance with the terms of the Security Documents and prior to all Liens other than Permitted Liens. (g) Except as specifically provided in this Amendment, the Credit Party Obligations are not reduced or modified by this Amendment and are not subject to any offsets, defenses or counterclaims.

  • FINANCIAL COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligation to issue, extend or renew any Letters of Credit:

  • NEGATIVE COVENANTS OF BORROWER Until the Loan Obligations have been paid in full, Borrower shall not:

  • Negative Covenants of the Borrower So long as any Advance shall remain unpaid or the Liquidity Provider shall have any Maximum Commitment hereunder or the Borrower shall have any obligation to pay any amount to the Liquidity Provider hereunder, the Borrower will not appoint or permit or suffer to be appointed any successor Borrower without the prior written consent of the Liquidity Provider, which consent shall not be unreasonably withheld or delayed.

  • Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

  • AFFIRMATIVE COVENANTS OF THE BORROWERS Until such time as all amounts of principal and interest due to the Bank by a Borrower pursuant to any Loan made to such Borrower is irrevocably paid in full, and until the Bank is no longer obligated to make Loans to such Borrower, such Borrower (for itself and on behalf of its respective Funds) agrees: (a) To deliver to the Bank as soon as possible and in any event within ninety (90) days after the end of each fiscal year of such Borrower and the applicable Funds, Statements of Assets and Liabilities, Statements of Operations and Statements of Changes in Net Assets of each applicable Fund for such fiscal year, as set forth in each applicable Fund's Annual Report to shareholders together with a calculation of the maximum amount which each applicable Fund could borrow under its Borrowing Limit as of the end of such fiscal year; (b) To deliver to the Bank as soon as available and in any event within seventy-five (75) days after the end of each semiannual period of such Borrower and the applicable Funds, Statements of Assets and Liabilities, Statements of Operations and Statements of Changes in Net Assets of each applicable Fund as of the end of such semiannual period, as set forth in each applicable Fund's Semiannual Report to shareholders, together with a calculation of the maximum amount which each applicable Fund could borrow under its Borrowing Limit at the end of such semiannual period; (c) To deliver to the Bank prompt notice of the occurrence of any event or condition which constitutes, or is likely to result in, a change in such Borrower or any applicable Fund which could reasonably be expected to materially adversely affect the ability of any applicable Fund to promptly repay outstanding Loans made for its benefit or the ability of such Borrower to perform its obligations under this Agreement or the Note; (d) To do, or cause to be done, all things necessary to preserve and keep in full force and effect the corporate or trust existence of such Borrower and all permits, rights and privileges necessary for the conduct of its businesses and to comply in all material respects with all applicable laws, regulations and orders, including without limitation, all rules and regulations promulgated by the SEC; (e) To promptly notify the Bank of any litigation, threatened legal proceeding or investigation by a governmental authority which could materially affect the ability of such Borrower or the applicable Funds to promptly repay the outstanding Loans or otherwise perform their obligations hereunder; (f) In the event a Loan for the benefit of a particular Fund is not repaid in full within 10 days after the date it is borrowed, and until such Loan is repaid in full, to deliver to the Bank, within two business days after each Friday occurring after such 10th day, a statement setting forth the total assets of such Fund as of the close of business on each such Friday; and (g) Upon the request of the Bank, which may be made by the Bank from time to time in the event the Bank in good faith believes that there has been a material adverse change in the capital markets generally, to deliver to the Bank, within two business days after such request, a statement setting forth the total assets of each Fund for whose benefit a Loan is outstanding on the date of such request.

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