Common use of Covenants of Each Pledgor Clause in Contracts

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the Loans, and all other Obligations then due and owing shall have been paid in full in cash or (ii) as to any Pledgor, all the Capital Stock of such Pledgor shall have been sold or otherwise disposed of (to a Person other than the Borrower or a Subsidiary of the Borrower) as permitted under the terms of the Credit Agreement:

Appears in 2 contracts

Samples: Credit Agreement (Nci Building Systems Inc), Guarantee and Collateral Agreement (Nci Building Systems Inc)

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Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Collateral Administrative Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the Loans, any Reimbursement Obligations, and all other Obligations then due and owing shall have been paid in full in cash full, no Letter of Credit shall be outstanding and the Commitments shall have terminated or (ii) as to any Pledgor, all the Capital Stock of such Pledgor shall have been sold or otherwise disposed of (to a Person other than the Borrower or a Subsidiary of the Borrower) as permitted under the terms of the Credit Agreement:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Graphic Packaging Corp)

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Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Note Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the Loans, Notes and all other Obligations then due and owing shall have been paid in full in cash or (ii) as to any Pledgor, all the Capital Stock of such Pledgor shall have been sold or otherwise disposed of (to a Person other than the Borrower Company or a Subsidiary of the BorrowerCompany) as permitted under the terms of the Credit AgreementIndenture:

Appears in 1 contract

Samples: Collateral Agreement (RSC Equipment Rental, Inc.)

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