COVENANTS OF THE DEBTOR Sample Clauses
COVENANTS OF THE DEBTOR. So long as this Security Agreement remains in effect, Debtor covenants and agrees:
(1) to defend the Collateral against the claims and demands of all other parties claiming the same or an interest therein; to keep the Collateral free from all Liens, except for the Security Interest and Permitted Liens or hereafter approved in writing, prior to their creation or assumption, by Secured Party; and not to sell, exchange, transfer, assign, lease, or otherwise dispose of Collateral or any interest therein without the prior written consent of Secured Party, except to the extent permitted under the Credit Agreement; provided always that, until default, Debtor may, in the ordinary course of Debtor's business, sell or lease Inventory and, subject to Clause 8 hereof, use monies available to Debtor;
(2) to notify Secured Party promptly of:
(i) any change in the information contained herein or in the Schedules hereto relating to Debtor, Debtor's business or Collateral; and
(ii) any material loss of or damage to Collateral;
(3) to keep the Collateral in good order, condition and repair and not to use Collateral in violation of the provisions of this Security Agreement or any other agreement relating to Collateral or any policy insuring Collateral or any applicable statute, law, by-law, rule, regulation or ordinance;
(4) to do, execute, acknowledge and deliver such financing statements and further assignments, transfers, documents, acts, matters and things (including further schedules hereto) as may be reasonably requested by Secured Party of or with respect to Collateral in order to give effect to these presents and to pay all costs for searches and filings in connection therewith;
(5) to pay all taxes, rates, levies, assessments and other charges of every nature which may be lawfully levied, assessed or imposed against or in respect of Debtor or Collateral as and when the same become due and payable;
(6) to insure the Collateral for such periods, in such amounts, on such terms and against loss or damage by fire and such other risks as Secured Party shall reasonably direct with loss payable to Secured Party and Debtor, as insured, as their respective interests may appear, and to pay all premiums therefor;
(7) to prevent Collateral, save Inventory sold or leased as permitted hereby, from being or becoming an accession to other property not covered by this Security Agreement;
(8) to carry on and conduct the business of Debtor in a proper and efficient manner and so as to ...
COVENANTS OF THE DEBTOR. The Debtor shall fully perform each of the covenants set forth below.
COVENANTS OF THE DEBTOR. The Debtor agrees with the Collateral Agent to the following, as long as any Secured Obligation or Commitment remains outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing:
COVENANTS OF THE DEBTOR. (a) All covenants of the Debtor contained in the Trust lndenture shall be incorporated herein.
(b) So long as this Security Agreement remains in effect the Debtor covenants and agrees:
(i) to deliver to the Collateral Agent from time to time promptly upon request:
A. any Documents of Title, Instruments, Securities and Chattel Paper constituting, representing or relating to the Collateral;
B. all books of account and all records, ledgers, reports, correspondence, schedules, documents, statements, lists and other writings relating to the Collateral for the purpose of inspecting, auditing or copying the same;
C. all policies and certificates of insurance relating to the Collateral; and
D. such information concerning the Collateral, the Debtor and the Debtor's business and affairs as Collateral Agent may reasonably request.
(c) The Debtor shall notify the Collateral Agent promptly of any change in the information contained in this Agreement.
(d) The Debtor shall not change its name without giving prior written notice to the Collateral Agent of the new name and the date upon which such change of name is to take effect.
COVENANTS OF THE DEBTOR. The Debtor hereby covenants to the Collateral Agent and the Secured Parties, so long as any amounts shall be outstanding under the Note, the Note Purchase Agreement or the Insurance Agreement or the Surety Bond is in effect, that:
COVENANTS OF THE DEBTOR. The Debtor hereby agrees as follows:
COVENANTS OF THE DEBTOR. The Debtor covenants and agrees that at all times while this Security Agreement remains in effect the Debtor will:
COVENANTS OF THE DEBTOR. The Debtor hereby covenants to the Collateral Agent and the Secured Parties, until all amounts due under this Agreement, the Note Purchase Agreement and the Note have been paid in full, that:
COVENANTS OF THE DEBTOR. The Debtor shall:
(a) not use or permit any Collateral to be used unlawfully or in violation of any provision of this Agreement, or any applicable statute, regulation or ordinance or any policy of insurance covering the Collateral;
(b) notify the Secured Party of any change in the Debtor's name, identity or structure within 15 days of such change;
(c) give the Secured Party 30 days' prior written notice of any change in the Debtor's chief place of business;
(d) if the Secured Party gives value to enable the Debtor to acquire rights in or the use of any Collateral, use such value for such purposes;
(e) pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Collateral, except to the extent the validity thereof is being contested in good faith; provided that Debtor shall in any event pay such taxes, assessments, governmental charges or levies not later than five days prior to the date of any proposed sale under any judgement, writ or warrant of attachment entered or filed against the Debtor as a result of the failure to make such payment;
(f) deliver to the Secured Party at its request, from time to time, financial statements or other financial information, in form, substance and scope satisfactory to the Secured Party; and
(g) notify the Secured Party of any Event of Default or which it has knowledge.