Covenants of the Grantors. From the date of this Security Agreement and thereafter until this Security Agreement is terminated, each of the Grantors agrees:
Covenants of the Grantors. Each Grantor shall:
(a) Not use or permit any Collateral to be used in violation of any provision of this Agreement, or any applicable statute, regulation or ordinance or any policy of insurance covering the Collateral (unless such violation together with all other violations does not and could not reasonably be expected to have a material adverse effect on the value or use of any material portion of the Collateral);
(b) Notify Collateral Agent of any change in the Grantor's name, trade names, fictitious business names, identity or corporate structure at least 30 days prior to such change;
(c) Give Collateral Agent 30 days' prior written notice of any change in the location of the Grantor's (i) chief place of business, (ii) chief executive office and (iii) offices where the Grantor's records regarding Collateral and the originals of all chattel paper that evidence Collateral are kept;
(d) Keep the Equipment and Inventory (other than Inventory sold in the ordinary course of business and other than such Equipment and Inventory which, either singly or in the aggregate, is not material) at the places therefor specified on SCHEDULE I hereto or at such other places in jurisdictions where all action has been taken that may be necessary or desirable, or that Collateral Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to such Equipment and Inventory;
(e) Keep records of the Inventory which are correct and accurate in all material respects, itemizing and describing the kind, type and quantity of Inventory and the Grantor's cost therefor all in accordance with the past practices of the Grantor;
(f) If any Inventory is in possession or control of any of the Grantor's agents or processors, then upon the occurrence of an Event of Default, at the request of Collateral Agent, instruct such agent or processor to hold all such Inventory for the account of Collateral Agent and subject to the instructions of Collateral Agent;
(g) Keep its chief place of business and chief executive office and the office where it keeps its material records concerning the Collateral, and all originals of all chattel paper that evidence Collateral, at the location therefor specified in SECTION 5(A) or at such other locations in a jurisdiction where all action that may be necessary or desirable, or that Collateral Agent m...
Covenants of the Grantors. Grantors represent, warrant and covenant, which representations, warranties and covenants shall survive execution and delivery of this Mortgage, as follows:
Covenants of the Grantors. Each Grantor hereby covenants with the Bank as follows:
Covenants of the Grantors. Each of the Grantors covenants to Party A that he shall:
(a) not sell, assign, mortgage, or otherwise dispose of, or create or permit to be created any other Encumbrance over, the legal or beneficial interest in any part of the Equity Interest owned by him without the prior written consent of Party A, except for the pledge of the Equity Interest owned by him pursuant to the terms of the Equity Interest Pledge Contract;
(b) execute all documents, perform all acts and prosecute or defend all claims as may be necessary or advisable to maintain his title to the Equity Interest owned by him;
(c) comply strictly with the provisions of this Deed, the Loan Contract and the Equity Interest Pledge Contract and perform the obligations hereunder and thereunder and not do or omit to do any acts to affect the validity and enforceability hereof and thereof; and
(d) waive his right of first refusal to acquire any of the Equity Interest upon each exercise of the Call Options and Increased Capital Call Option by Party A.
Covenants of the Grantors. Each Grantor covenants and agrees with the Collateral Agent that so long as there shall remain any Secured Obligations:
Covenants of the Grantors. Each Grantor hereby covenants and agrees with the Collateral Agent that it shall (i) promptly give the Collateral Agent written notice of any change in such Grantor’s name or jurisdiction of formation; (ii) promptly give the Collateral Agent written notice of any change in such Grantor’s office where it keeps its records; (iii) preserve and maintain the lien created by this Agreement and will protect and defend its title to the Collateral of such Grantor; and (iv) maintain books and records pertaining to the Collateral of such Grantor in such detail, form and scope as the Collateral Agent may reasonably require. Not later than seven days after the Effective Date, Debtor will deliver to the Collateral Agent in suitable form for transfer all Pledged Stock consisting of instruments and Equity Interests evidenced by certificates.
Covenants of the Grantors. Each Grantor covenants that, on and after the date of this Security Agreement and until the Notes are paid in full and all of the Secured Obligations are discharged:
Covenants of the Grantors. Each Grantor covenants that, so long as any of the Obligations (other than contingent indemnification obligations for which no claim has been asserted) remains outstanding, such Grantor shall:
Covenants of the Grantors. 21 Section 5.01. Defense of Title..........................................................................21 Section 5.02. Further Assurances........................................................................21 Section 5.03. Recordings and Filings....................................................................22 Section 5.04. Payment of Fees, Costs and Expenses.......................................................22 Section 5.05. Notification of Litigation................................................................23 Section 5.06. Insurance, Condemnation...................................................................23 Section 5.07. Maintenance of Security Property..........................................................27 Section 5.08. Compliance with Note Purchase Agreement...................................................28 Section 5.09. Taxes.....................................................................................28 Section 5.10. Project Documents.........................................................................28 Section 5.11. Applicable Permits........................................................................30 Section 5.12. Delivery of Security Property.............................................................30 Section 5.13. No Secured Party Liability................................................................31
