Covenants of Venoco and Clearwater Sample Clauses

Covenants of Venoco and Clearwater. 5.1 Covenants of Venoco prior to the Exercise Date. From the Effective Date through the Exercise Date, except as otherwise consented to or approved in writing by Clearwater, Venoco covenants and agrees to, the following:
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Related to Covenants of Venoco and Clearwater

  • Covenants of Company In the event that any litigation with claims in excess of $1,000,000 to which the Company is a party which shall be reasonably likely to result in a material judgment against the Company that the Company will not be able to satisfy shall be commenced by an Owner, during the period beginning nine months following the commencement of such litigation and continuing until such litigation is dismissed or otherwise terminated (and, if such litigation has resulted in a final judgment against the Company, such judgment has been satisfied), the Company shall not make any distribution on or in respect of its membership interests to any of its members, or repay the principal amount of any indebtedness of the Company held by CFC, unless (i) after giving effect to such distribution or repayment, the Company's liquid assets shall not be less than the amount of actual damages claimed in such litigation or (ii) the Rating Agency Condition shall have been satisfied with respect to any such distribution or repayment. The Company will not at any time institute against the Trust any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Certificates, the Notes, this Agreement or any of the Basic Documents.

  • COVENANTS OF BUYER AND SELLER Buyer and Seller agree that:

  • Covenants of Both Parties The parties hereto agree that:

  • Covenants of Parties The Parties hereby covenant and agree as follows:

  • Covenants of Stockholders Each Stockholder hereby covenants and agrees that:

  • Covenants of Shareholders Each Shareholder hereby covenants and agrees that:

  • Covenants of the Company The Company covenants with each Underwriter as follows:

  • Covenants of Parent Parent agrees that:

  • Covenants of the Companies Each of the Companies covenants with the Underwriters as follows:

  • Representations and Covenants of the Company A. The Company hereby represents and warrants to the Distributor, which representations and warranties shall be deemed to be continuing throughout the term of this Agreement, that:

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