Covenants of Each Grantor. Each Grantor covenants and agrees with the Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner reasonably satisfactory to the applicable Issuing Lenders) and the Commitments shall have terminated, (ii) as to any Grantor, a sale or disposition of all the Capital Stock of such Grantor (other than to the Parent Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Guarantor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary.
Appears in 2 contracts
Samples: Canadian Guarantee and Collateral Agreement, Canadian Guarantee and Collateral Agreement (Herc Holdings Inc)
Covenants of Each Grantor. Each Grantor (other than Holdings) covenants and agrees with the Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations Obligations, and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing LendersAdministrative Agent) and the Commitments shall have terminated, (ii) as to any Grantor, a sale or other disposition of all the Capital Stock of such Grantor (other than to the Parent Borrower Borrowers or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Guarantor Grantor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary.:
Appears in 1 contract
Samples: Abl Guarantee and Collateral Agreement (SiteOne Landscape Supply, Inc.)
Covenants of Each Grantor. Each Grantor covenants and agrees with the Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cashfull, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized collateralized, or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing LendersBank) and the Commitments shall have terminated, (ii) as to any Grantor, a sale or other disposition of all the Capital Stock of such Grantor (other than to the Parent a Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Guarantor Grantor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary.:
Appears in 1 contract
Samples: First Lien Guarantee and Collateral Agreement (Mauser Group B.V.)
Covenants of Each Grantor. Each Grantor covenants and agrees with the Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations Obligations, and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner reasonably satisfactory to the applicable Issuing Lenders) and the Commitments shall have terminated, (ii) as to any Grantor, a sale or other disposition of all of the Capital Stock of such Grantor (other than to Holdings, the Parent Borrower or any Restricted Subsidiary), or, if such Grantor is a Subsidiary Guarantor)of the Parent Borrower, or any other transaction or occurrence as a result of which such Guarantor Grantor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement Agreement, or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Atkore International Group Inc.)
Covenants of Each Grantor. Each Grantor covenants and agrees with the Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing LendersLender) and the Commitments shall have terminated, (ii) as to any Grantorsuch Grantor (other than the Parent), a sale or other disposition of all the Capital Stock of such Grantor (other than to the Parent Parent, a Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Guarantor Grantor ceases to be a Restricted Subsidiary of the Parent BorrowerParent, in each case that is permitted under the Credit Agreement or (iii) as to any Grantorsuch Grantor (other than the Parent), such Grantor being or becoming an Excluded Subsidiary.:
Appears in 1 contract
Samples: Abl Guarantee and Collateral Agreement (Nci Building Systems Inc)
Covenants of Each Grantor. Each Grantor covenants and agrees with the Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner reasonably satisfactory to the applicable Issuing Lenders) and the Commitments shall have terminated, (ii) as to any Grantor, a sale or disposition of all the Capital Stock of such Grantor (other than to the Parent Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Guarantor Grantor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary.:
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Herc Holdings Inc)
Covenants of Each Grantor. Each Grantor (other than Holdings) covenants and agrees with the Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized collateralized, or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing LendersLender) and the Commitments shall have terminated, (ii) as to any such Grantor, a sale or other disposition of all the Capital Stock of such Grantor (other than to the Parent a U.S. Borrower or a U.S. Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Guarantor Grantor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any such Grantor, such Grantor being or becoming an Excluded Subsidiary.:
Appears in 1 contract
Samples: Abl u.s. Guarantee and Collateral Agreement (Nci Building Systems Inc)
Covenants of Each Grantor. Each Grantor (other than Holdings) covenants and agrees with the Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized collateralized, or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing LendersBank) and the Commitments shall have terminated, (ii) as to any such Grantor, a sale or other disposition of all the Capital Stock of such Grantor (other than to the Parent Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Guarantor Grantor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any such Grantor, such Grantor being or becoming an Excluded Subsidiary.:
Appears in 1 contract
Samples: Cash Flow Guarantee and Collateral Agreement (Nci Building Systems Inc)