Covenants of the Borrower and Guarantor Sample Clauses

Covenants of the Borrower and Guarantor. The Borrower and Guarantor covenant and agree with the Bank as follows: (a) That Borrower and Guarantor will fulfill all the conditions and perform all terms of the Commitment, this Agreement and the other Loan Documents and will discharge all of its said obligations when due. (b) Borrower and Guarantor will promptly notify the Bank of any action or prospective claims, litigation or liens, including tax deficiencies, of a material nature which may be asserted against the Borrower, the Guarantor or the Collateral. (c) Borrower and Guarantor agree to promptly report to Bank any material adverse change in their financial condition and in the event of default hereunder, they agree to immediately notify Bank of said event in writing. (d) Borrower will pay all commitment and Loan fees of the Bank, all expenses involved in perfecting the lien status and priority of the Collateral and all other expenses of the Bank related to the Loans, including recording fees and taxes, lien search charges, and the reasonable fees and expenses of the Bank's legal counsel. (e) Borrower will indemnify against, and hold the Bank harmless from, any loss or liability on account of any claim by any party arising out of the Loans.
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Covenants of the Borrower and Guarantor. The Borrower and Guarantor each covenant and agree with the Lender that, so long as any Advance is outstanding and until payment in full of all Secured Obligations:
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Covenants of the Borrower and Guarantor. 6.1 During the period that the Loan is outstanding, the Borrower and the Guarantor jointly and severally covenant and agree as follows: (a) the Borrower will repay the Loan and pay interest thereon and all fees, costs, and other amounts payable hereunder at the times and in the manner herein provided; (b) each of the Borrower and the Guarantor will: (i) conduct its business and affairs diligently and only in the ordinary course, and preserve and maintain the goodwill and corporate existence of the Borrower; (ii) afford to the Lender and its authorized representatives access during normal business hours to all properties, books, contracts, commitments and records of the Borrower, Guarantor and Material Subsidiaries, and furnish such copies (certified if requested) thereof and other information as the Lender may reasonably request, and permit the Lender and its authorized representatives to make such audit of the books of account of the Borrower, Guarantor and Material Subsidiaries and the physical verification of the assets of the Borrower, Guarantor and Material Subsidiaries as the Lender may reasonably see fit: (iii) comply with and conduct their respective businesses in accordance with all terms, conditions or provisions of any law, judgment, order, injunction, decree, regulation or ruling of any court, domestic or foreign, or Governmental Authority, as applicable to the Borrower and Guarantor or the business conducted by the Borrower and Guarantor; (iv) provide prompt written notice to the Lender of: A. any Change in Control of the Borrower, Guarantor or any of the Material Subsidiaries; B. any litigation commenced against the Borrower, Guarantor or any of the Material Subsidiaries; C. any material adverse change in the Borrower or in the business operations of the Borrower, Guarantor or any of the Material Subsidiaries; D. the occurrence of an Event of Default; E. any occurrence that is or that will, with the giving of notice or lapse of time, result in an Event of Default; F. any change of name of any of the Borrower, Guarantor or any of the Material Subsidiaries; G. the acquisition by the Borrower, the Guarantor or any of the Material Subsidiaries of any other business; H. the relocation of any material assets of the Borrower, Guarantor or any of the Material Subsidiaries outside of their existing jurisdic- tion of operations; I. the occurrence of a default under any other loan agreement or other material agreement of the Borrower, the Guarantor or a...
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Covenants of the Borrower and Guarantor 
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Related to Covenants of the Borrower and Guarantor

  • Covenants of the Borrower SECTION 5.01.

  • 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 BORROWER Borrower agrees as follows:

  • 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

  • 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 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.

  • 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.

  • Affirmative 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, unless the Liquidity Provider shall otherwise consent in writing:

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

  • AFFIRMATIVE COVENANTS OF BORROWER Borrower agrees that so long as it is indebted to Bank, under borrowings, or other indebtedness, or so long as Bank has any obligation to extend credit to Borrower it will, unless Bank shall otherwise consent in writing:

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