Common use of Covenants of Pledgor Clause in Contracts

Covenants of Pledgor. Pledgor shall: (a) Perform each and every covenant in the Loan Documents applicable to Pledgor as and when performance of such covenants is due (including any applicable notice or cure periods); (b) At all times keep at least one complete set of its records concerning substantially all of the Collateral at its principal place of business, and not change the location of its principal place of business without giving Lender at least thirty (30) days prior written notice thereof; (c) To the extent it may lawfully do so, use its best efforts to prevent the Issuer from issuing Future Rights or Proceeds, except for cash dividends and other distributions, if any, that are not prohibited by the terms of the Loan Agreement to be paid by any Issuer to Pledgor; and (d) Upon receipt by Pledgor of any material notice, report, or other communication from any of the Issuer or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Lender as soon as possible, but in no event later than five (5) Business Days following the receipt thereof by Pledgor.

Appears in 2 contracts

Samples: Stock Pledge and Security Agreement (Plures Technologies, Inc./De), Stock Pledge and Security Agreement (Plures Technologies, Inc./De)

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Covenants of Pledgor. Pledgor shall: (a) Perform each and every covenant in the Loan Documents applicable to Pledgor as and when performance of such covenants is due (including any applicable notice or cure periods)Pledgor; (b) At all times keep at least one complete set of its records concerning substantially all of the Collateral at its principal place of businessChief Executive Office as set forth in SCHEDULE B hereto, and not change the location of its principal place of business Chief Executive Office or such records without giving Lender Secured Party at least thirty (30) days prior written notice thereof; (c) To the extent it may lawfully do so, use its best efforts to prevent the Issuer Issuers from issuing Future Rights or Proceeds, except for cash dividends and other distributions, if any, that are not prohibited by the terms of the Loan Agreement to be paid by any Issuer to Pledgor; and (d) Upon receipt by Pledgor of any material notice, report, or other communication from any of the Issuer Issuers or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Lender Secured Party as soon as possible, but in no event later than five (5) Business Days days following the receipt thereof by Pledgor.

Appears in 2 contracts

Samples: Stock Pledge Agreement (National Media Corp), Loan and Security Agreement (Network Computing Devices Inc)

Covenants of Pledgor. Pledgor shall: (a) Perform each and every covenant in any of the Loan Documents applicable to Pledgor as and when performance of such covenants is due (including any applicable notice or cure periods)Pledgor; (b) At all times keep at least one complete set of its records concerning substantially all of the Collateral at its principal place of businessChief Executive Office as set forth in Schedule B hereto, and not change the location of its principal place of business Chief Executive Office or such records without giving Lender Secured Party at least thirty (30) days prior written notice thereof; (c) To the extent it may lawfully do so, use its best efforts to prevent the Issuer Issuers from issuing Future Rights or Proceeds, except for cash dividends and other distributions, if any, that are not prohibited by the terms of the Loan Agreement to be paid by any Issuer to Pledgor; and (d) Upon receipt by Pledgor of any material notice, report, or other communication from any of the Issuer Issuers or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Lender Secured Party as soon as possible, but in no event later than five (5) Business Days days following the receipt thereof by Pledgor.

Appears in 1 contract

Samples: Stock Pledge Agreement (Majestic Investor Capital Corp)

Covenants of Pledgor. Pledgor shall: (a) Perform each and every covenant in the Loan Documents applicable to Pledgor as and when performance of such covenants is due (including any applicable notice or cure periods)Pledgor; (b) At all times keep at least one complete set of its records concerning substantially all of the Collateral at its principal place of businessChief Executive Office as set forth in Schedule B hereto, and not change the location of its principal place of business Chief Executive Office or such records without giving Lender Secured Party at least thirty (30) days prior written notice thereof; (c) To the extent it may lawfully do so, use its best efforts to prevent the Issuer Issuers from issuing Future Rights or Proceeds, except for cash dividends and other distributions, if any, that are not prohibited by the terms of the Loan Agreement to be paid by any Issuer to Pledgor; and (d) Upon receipt by Pledgor of any material notice, report, or other communication from any of the Issuer Issuers or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Lender Secured Party as soon as possible, but in no event later than five (5) Business Days days following the receipt thereof by Pledgor.

Appears in 1 contract

Samples: Stock Pledge Agreement (Discovery Zone Inc)

Covenants of Pledgor. Each Pledgor shall: (a) Perform each and every covenant in the Loan Documents applicable to Pledgor as and when performance of such covenants is due (including any applicable notice or cure periods)Pledgor; (b) At all times keep at least one complete set of its records concerning substantially all of the Collateral at its principal place of businessChief Executive Office as set forth in Schedule B hereto, and not change the location of its principal place of business Chief Executive Office or such records without giving Lender Secured Party at least thirty (30) days prior written notice thereof; (c) To the extent it may lawfully do so, use its best efforts to prevent the Issuer Issuers from issuing Future Rights or Proceeds, except for cash dividends and other distributions, if any, that are not prohibited by the terms of the Loan Agreement to be paid by any Issuer to such Pledgor; and (d) Upon receipt by such Pledgor of any material notice, report, or other communication from any of the Issuer Issuers or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Lender Secured Party as soon as possible, but in no event later than five (5) Business Days days following the receipt thereof by such Pledgor.

Appears in 1 contract

Samples: Stock Pledge Agreement (Futurelink Corp)

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Covenants of Pledgor. Pledgor shall: (a) Perform each and every covenant in the Loan Documents applicable to Pledgor as and when performance of such covenants is due (including any applicable notice or cure periods)Pledgor; (b) At all times keep at least one complete set of its records concerning substantially all of the Collateral at its principal place of businessChief Executive Office as set forth in SCHEDULE B hereto, and not change the location of its principal place of business Chief Executive Office or such records without giving Lender Secured Party at least thirty (30) days prior written notice thereof; (c) To the extent it may lawfully do so, use its best efforts to prevent the Issuer Issuers from issuing Future Rights or Proceeds, except for cash dividends and other distributions, if any, that are not prohibited by the terms of the Loan Agreement to be paid by any Issuer to Pledgor; and; (d) Upon receipt by Pledgor of any material notice, report, or other communication from any of the Issuer Issuers or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Lender Secured Party as soon as possible, but in no event later than five (5) Business Days days following the receipt thereof by Pledgor.; and

Appears in 1 contract

Samples: Stock Pledge Agreement (National Media Corp)

Covenants of Pledgor. Pledgor shall: (a) Perform each and every covenant in the Loan Documents applicable to Pledgor as and when performance of such covenants is due (including any applicable notice or cure periods)Pledgor; (b) At all times keep at least one complete set of its records concerning substantially all of the Collateral at its principal place of businessChief Executive Office as set forth in Schedule B hereto, and not change the location of its principal place of business Chief ---------- Executive Office or such records without giving Lender Secured Party at least thirty (30) days prior written notice thereof; (c) To the extent it may lawfully do so, use its best efforts to prevent the Issuer Issuers from issuing Future Rights or Proceeds, except for cash dividends and other distributions, if any, that are not prohibited by the terms of the Loan Agreement to be paid by any Issuer to Pledgor; and (d) Upon receipt by Pledgor of any material notice, report, or other communication from any of the Issuer Issuers or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Lender Agent as soon as possible, but in no event later than five (5) Business Days days following the receipt thereof by Pledgor.

Appears in 1 contract

Samples: Stock Pledge Agreement (Emergent Information Technologies Inc)

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