Common use of Credit Agreement Covenants Clause in Contracts

Credit Agreement Covenants. Such Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its Subsidiaries.

Appears in 6 contracts

Samples: And Collateral Agreement, Term Intercreditor Agreement (Horizon Global Corp), Credit Agreement (Horizon Global Corp)

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Credit Agreement Covenants. Such In the case of each Grantor such Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Unmatured Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its Subsidiaries.

Appears in 1 contract

Samples: Security Agreement (Daisytek International Corporation /De/)

Credit Agreement Covenants. Such SuchExcept to the extent prohibited by an Applicable Law, such Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its Subsidiaries.

Appears in 1 contract

Samples: Intercreditor Agreement (Horizon Global Corp)

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Credit Agreement Covenants. Such Except to the extent prohibited by an Applicable Law, such Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its Subsidiaries.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Horizon Global Corp)

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