Credit Agreement Negative Covenants Sample Clauses

Credit Agreement Negative Covenants. Guarantor shall not breach the negative covenants set forth in Article VIII of the Credit Agreement which covenants as amended from time to time are incorporated herein by reference as if fully set forth. The foregoing covenants as incorporated herein shall survive the termination of the Credit Agreement.
Sample 1
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Credit Agreement Negative Covenants. Fail to comply with any of the Company’s covenants set forth in Article VII of the Credit Agreement
Sample 1
Credit Agreement Negative Covenants. Until the Redeemable Preferred Shares Redemption Date, the Common Member shall cause the Company not to, and the Company shall not: (i) unless compliance shall be waived by a Majority In Interest or Supermajority In Interest of the Redeemable Preferred Shares, as applicable, take or fail to take any action, fail to observe, or perform or fail to perform any action the effect of which would constitute a material violation or breach of any of the negative covenants of the Company contained Article 6 of the Credit Agreement, other than Sections 6.23, 6.24 and 6.25 thereof (in the form of such covenants exist as of the Effective Time and as they may hereafter be amended from time to time, but only to the extent such incorporation of any such amendments into this Agreement has been consented to by the Company and a Majority In Interest or Supermajority In Interest of the Redeemable Preferred Members, as applicable), each of which is hereby incorporated and made applicable by reference as if set forth at length in this Agreement (together with the applicable cure periods and standards of materiality, notification requirements, and consent and approval rights, if applicable), and (ii) deemed to be modified as incorporated herein to refer to the Redeemable Preferred Members rather than to the Administrative Agent, Collateral Agent, Lenders, the Supermajority Lenders or the Majority Lenders, as the case may be; (ii) after the Credit Agreement Termination Date, open or maintain a bank account at any financial institution other than the Company’s primary bank account established by the Board into which funds of the Company are deposited (the “Company Account”) unless a Majority In Interest of the Redeemable Preferred Members Consents to such action; (iii) without the Consent of a Majority In Interest of the Redeemable Preferred Members, create, assume or suffer to exist any Lien, securing a charge or obligation on the Project or on any of the Collateral, real or personal, whether now owned or hereafter acquired, except Permitted Liens; and (iv) without the Consent of a Majority In Interest of the Redeemable Preferred Members, incur, create, assume or permit to exist any Debt except Permitted Debt, or refinance any term Debt, including the Term Loans. Any negative covenant contained in Article 6 of the Credit Agreement (i) which requires the delivery of notice or other information to the Administrative Agent or the Collateral Agent, shall, for purposes of this Section...
Sample 1

Related to Credit Agreement Negative Covenants

  • Covenants in Credit Agreement In the case of each Guarantor, such Guarantor 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 Guarantor or any of its Subsidiaries.

  • BORROWER'S NEGATIVE COVENANTS Borrower covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7.

  • Additional Negative Covenants Not to, without the Bank’s written consent: (a) Enter into any consolidation, merger, or other combination, or become a partner in a partnership, a member of a joint venture, or a member of a limited liability company. (b) Acquire or purchase a business or its assets. (c) Engage in any business activities substantially different from the Borrower’s present business. (d) Liquidate or dissolve the Borrower’s business.

  • CERTAIN NEGATIVE COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligations to issue, extend or renew any Letters of Credit:

  • Certain Negative Covenants So long as any Recovery Bonds are Outstanding, the Issuer shall not: (a) except as expressly permitted by this Indenture and the other Basic Documents, sell, transfer, exchange or otherwise dispose of any of the properties or assets of the Issuer, including those included in the Recovery Bond Collateral, unless directed to do so by the Indenture Trustee in accordance with Article V; (b) claim any credit on, or make any deduction from the principal or premium, if any, or interest payable in respect of, the Recovery Bonds (other than amounts properly withheld from such payments under the Code or other tax laws) or assert any claim against any present or former Holder by reason of the payment of the taxes levied or assessed upon any part of the Recovery Bond Collateral; (c) terminate its existence or dissolve or liquidate in whole or in part, except in a transaction permitted by Section 3.10; (i) permit the validity or effectiveness of this Indenture or the other Basic Documents to be impaired, or permit the Lien of this Indenture and the Series Supplement to be amended, hypothecated, subordinated, terminated or discharged, or permit any Person to be released from any covenants or obligations with respect to the Recovery Bonds under this Indenture except as may be expressly permitted hereby, (ii) permit any Lien (other than the Lien of this Indenture or of the Series Supplement) to be created on or extend to or otherwise arise upon or burden the Recovery Bond Collateral or any part thereof or any interest therein or the proceeds thereof (other than tax liens arising by operation of law with respect to amounts not yet due), or (iii) permit the Lien of this Indenture or of the Series Supplement not to constitute a valid first priority perfected security interest in the Recovery Bond Collateral; (e) elect to be classified as an association taxable as a corporation for federal income tax purposes or otherwise take any action, file any tax return, or make any election inconsistent with the treatment of the Issuer, for purposes of federal taxes and, to the extent consistent with applicable State tax law, State income and franchise tax purposes, as a disregarded entity that is not separate from the sole owner of the Issuer; (f) change its name, identity or structure or the location of its chief executive office, unless at least ten (10) Business Days’ prior to the effective date of any such change the Issuer delivers to the Indenture Trustee (with copies to the Rating Agencies) such documents, instruments or agreements, executed by the Issuer, as are necessary to reflect such change and to continue the perfection of the security interest of this Indenture and the Series Supplement; (g) take any action which is subject to a Rating Agency Condition without satisfying the Rating Agency Condition; (h) except to the extent permitted by applicable law, voluntarily suspend or terminate its filing obligations with the SEC as described in Section 3.07(g); or (i) issue any recovery bonds under the Wildfire Financing Law or any similar law (other than the Recovery Bonds).

  • NEGATIVE COVENANTS So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrower shall not, nor shall it permit any Subsidiary to, directly or indirectly:

  • Incorporation of Credit Agreement Provisions The provisions contained in Section 11.6 (Indemnification), Section 12.8 (Governing Law; Submission to Jurisdiction) and Section 12.9 (Waiver of Jury Trial) of the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety.

  • NEGATIVE COVENANTS OF BORROWER Until the Loan Obligations have been paid in full, Borrower shall not:

  • AFFIRMATIVE AND NEGATIVE COVENANTS The Borrower covenants and agrees that, so long as any Bank has any Commitment hereunder or any Obligations remain unpaid:

  • Negative Covenants of the Borrower So long as any Advance shall remain unpaid or the Liquidity Provider shall have any Maximum Commitment hereunder or the Borrower shall have any obligation to pay any amount to the Liquidity Provider hereunder, the Borrower will not appoint or permit or suffer to be appointed any successor Borrower without the prior written consent of the Liquidity Provider, which consent shall not be unreasonably withheld or delayed.

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