Covenants of Grantors. Each Grantor covenants that:
Covenants of Grantors. Each Grantor hereby agrees that:
Covenants of Grantors. Each Grantor covenants and agrees with the Administrative Agent and the Lenders that, from and after the date of this Agreement until the Obligations shall have been paid in full, either no Letter of Credit shall be outstanding or each outstanding Letter of Credit has been cash collateralized so that it is fully secured to the satisfaction of the Administrative Agent and the Commitments shall have terminated:
Covenants of Grantors. The Grantor covenants and agrees that so long as the security interest created hereby remains outstanding:
Covenants of Grantors. SECTION 4.01......
Covenants of Grantors. The Grantors covenant and agree that they will at all times have deposited in Escrow with the Escrow Agent the Warrant Shares, together with such duly executed and endorsed stock powers and other instruments of assignment or transfer relating thereto as the holder hereof may reasonably require to provide for the exercise of the rights represented by this Warrant. Grantors will not avoid or seek to avoid the observance or performance of any of the terms of this Warrant but will at all times in good faith carry out all such terms and take all such action as may be necessary or appropriate in order to protect the rights of the holder of this Warrant.
Covenants of Grantors. Grantors hereby covenant and agree as follows until such time as all Obligations have been indefeasibly satisfied and paid in full in cash:
Covenants of Grantors. Each of the covenants and agreements which are set forth or incorporated in the Senior Credit Documents and which are applicable or refer to a Grantor or the Collateral subject hereto (or, in either case, any other term that is used with the same or similar meaning) are incorporated herein by reference and each Grantor agrees to perform and abide by each such covenant and agreement. Without limiting the generality of the foregoing and in furtherance thereof, each Grantor (i) shall vote the stock and securities included in the Collateral to comply with the covenants and agreements set forth in the Senior Credit Documents, (ii) shall cause each Pledged Subsidiary to restrict the issuance of additional debt except as permitted in the Credit Agreement and additional shares of stock or other ownership interests of its Subsidiaries (or rights or options therefore) except as permitted in the Credit Agreement and, to the extent required by the Credit Agreement, shall cause such stock or other ownership interests to be pledged to the Collateral Agent hereunder; and (iii) shall not sell or otherwise dispose of, or grant any option with respect to, any of the Collateral except as permitted by the Credit Agreement.
Covenants of Grantors. The Grantors hereby agree: (a) to procure, execute and deliver from time to time any and all endorsements, assignments, financing statements and continuation statements under the UCC, and other writings deemed necessary or appropriate by the Collateral Agent or the Agent to perfect, maintain and protect its security interest hereunder and the priority thereof and to deliver promptly to the Collateral Agent all originals of Collateral or Proceeds consisting of chattel paper or instruments, and hereby authorize the Collateral Agent to file any financing statement or continuation statement without the signature of either Grantor to the extent permitted by applicable law; (b) except as permitted under Section 4 of this Agreement, not to surrender or lose possession of (other than to the Collateral Agent), sell, encumber, or otherwise dispose of or transfer, any Collateral or right or interest therein; (c) at all times upon the request of the Collateral Agent, to account fully for and promptly to deliver to the Collateral Agent, in the form received, all Collateral or Proceeds received, endorsed to the Collateral Agent as appropriate and accompanied by such assignments and powers, duly executed, as the Collateral Agent shall request, and until so delivered all Collateral and Proceeds shall be held in trust for the Collateral Agent, separate from all other property of the Grantors and identified as being subject to the interest of the Collateral Agent; (d) at any reasonable time, upon twenty-four (24) hours notice by the Collateral Agent, to exhibit and to allow inspection by the Collateral Agent (or Persons designated by the Collateral Agent including, subject to the Credit Agreement, the Lenders) of the Collateral and the records concerning the Collateral (at no cost to the Grantors unless an Event of Default has occurred and is continuing); (e) to keep the Collateral insured against loss, damage, theft and other risks customarily covered by insurance; (f) to do all acts that a prudent investor would deem necessary
Covenants of Grantors. (a) Each Grantor agrees in general: (i) to pay Indebtedness secured hereby when due; (ii) to indemnify Lender against all losses, claims, demands, liabilities and expenses of every kind caused by property subject hereto; (iii) to permit Lender to exercise its powers; (iv) to execute and deliver such documents as Lender deems necessary to create, perfect and continue the security interests contemplated hereby; (v) not to change its name, and as applicable, its chief executive office, its principal residence or the jurisdiction in which it is organized and/or registered without giving Lender prior written notice thereof; (vi) not to change the places where such Grantor keeps any Collateral or such Grantor’s records concerning the Collateral and Proceeds without giving Lender prior written notice of the address to which the relevant Grantor is moving same; (vii) not to sell, lease, transfer or otherwise dispose of all or a substantial or material portion of such Grantor’s assets except in the ordinary course of its business, nor accomplish any of the above by virtue of a division or similar transaction; and (viii) to cooperate with Lender in perfecting all security interests granted herein and in obtaining such agreements from third parties as Lender deems necessary, proper or convenient in connection with the preservation, perfection or enforcement of any of its rights hereunder.
