Covenants Relating to the Notes Clause Samples
The "Covenants Relating to the Notes" clause sets out specific promises and obligations that the issuer or other relevant parties must uphold in connection with the notes issued under an agreement. These covenants often include requirements such as maintaining certain financial ratios, restrictions on incurring additional debt, or limitations on asset sales, all designed to protect the interests of noteholders. By clearly outlining these ongoing commitments, the clause helps ensure the issuer's financial stability and reduces the risk of default, thereby safeguarding the value and security of the notes for investors.
Covenants Relating to the Notes. Unless approved by its Board of Directors including the affirmative vote of a director designated by WCAS VII, the Company covenants and agrees that so long as the Notes shall be outstanding and, in the case of paragraphs (k) through (n) below, so long as five million dollars ($5,000,000) of aggregate principal amount of the Notes is outstanding:
(a) Maintenance of Office. The Company will maintain an office or agency in such place in the United States of America as
Covenants Relating to the Notes. Unless approved by its Board of Directors including the affirmative vote of a director designated by WCAS VII, the Company covenants and agrees that so long as the Notes shall be outstanding and, in the case of paragraphs (k) through (n) below, so long as five million dollars
Covenants Relating to the Notes. The Company covenants and agrees that so long as the Notes shall be outstanding and in the case of paragraphs (k) through (n) below, so long as five million dollars ($5,000,000) of aggregate principal amount of the Notes is outstanding: