Fuel Covenants Sample Clauses

Fuel Covenants. (i) The Borrower shall, on the Fuel Supply Coverage Test Date, perform the test described under clause (i) of the definition of Fuel Supply
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Fuel Covenants. (a) Within one (1) month of the Commencement Date and at least three (3) months prior to every fifth anniversary of the date hereof thereafter, BALP shall propose a procurement strategy (the “Procurement Strategy”) to the Counterparty with respect to Xxxxx A Fuel Costs. The Procurement Strategy shall, among other things, provide guidelines pursuant to which BALP shall, in good faith and acting reasonably, solicit proposals from potential counterparties in respect of proposed amendments to the Specified Fuel Supply Arrangements and proposed new fuel supply arrangements for Xxxxx A (such proposed amendments and proposed new fuel supply arrangements being “Fuel Supply Variations”). The Counterparty and BALP agree to consult with each other concerning such Procurement Strategy with a view to finalizing same. If the Counterparty approves such Procurement Strategy (an “Approved Procurement Strategy”), such Approved Procurement Strategy shall remain in effect until a subsequent Approved Procurement Strategy is approved by the Counterparty. The Counterparty agrees that if the initial Procurement Strategy has not been approved by the Counterparty on or before December 31, 2005, such initial Procurement Strategy shall be deemed to have been approved and shall be the initial Approved Procurement Strategy.
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Fuel Covenants. 40 7.1 Advice of Changes............................................. 40 7.2 Approvals..................................................... 40 7.3 Litigation.................................................... 41
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Fuel Covenants 
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Related to Fuel Covenants

  • General Covenants The Corporation covenants with the Warrant Agent that so long as any Warrants remain outstanding:

  • Special Covenants If any Company shall fail or omit to perform and observe Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13 or 5.15 hereof.

  • Additional Covenants The Company covenants and agrees with the Agent as follows, in addition to any other covenants and agreements made elsewhere in this Agreement:

  • Mutual Covenants Each Party hereby covenants to the other Party that:

  • Environmental Covenants Borrower covenants and agrees that so long as Borrower owns, manages, is in possession of, or otherwise controls the operation of the Property: (a) all uses and operations on or of the Property, whether by Borrower or any other person or entity, shall be in compliance with all Environmental Laws and permits issued pursuant thereto; (b) there shall be no Releases of Hazardous Materials in, on, under or from the Property, except in compliance with Environmental Laws; (c) there shall be no Hazardous Materials in, on, or under the Property, except those that are both (i) in compliance with all Environmental Laws and with permits issued pursuant thereto, if and to the extent required, and (ii) (A) in amounts not in excess of that necessary to operate the Property or (B) fully disclosed to and approved by Lender in writing; (d) Borrower shall keep the Property free and clear of all liens and other encumbrances imposed pursuant to any Environmental Law, whether due to any act or omission of Borrower or any other person or entity (the "Environmental Liens"); (e) Borrower shall, at its sole cost and expense, fully and expeditiously cooperate in all activities pursuant to Section 12.3 below, including but not limited to providing all relevant information and making knowledgeable persons available for interviews; (f) Borrower shall, at its sole cost and expense, perform any environmental site assessment or other investigation of environmental conditions in connection with the Property, pursuant to any reasonable written request of Lender, upon Lender's reasonable belief that the Property is not in full compliance with all Environmental Laws, and share with Lender the reports and other results thereof, and Lender and other Indemnified Parties shall be entitled to rely on such reports and other results thereof; (g) Borrower shall, at its sole cost and expense, comply with all reasonable written requests of Lender to (i) reasonably effectuate remediation of any Hazardous Materials in, on, under or from the Property in violation of Environmental Law; and (ii) comply with any Environmental Law; (h) Borrower shall not allow any tenant or other user of the Property to violate any Environmental Law; and (i) Borrower shall immediately notify Lender in writing after it has become aware of (A) any presence or Release or threatened Releases of Hazardous Materials in, on, under, from or migrating towards the Property; (B) any non-compliance with any Environmental Laws related in any way to the Property; (C) any actual or potential Environmental Lien; (D) any required or proposed remediation of environmental conditions relating to the Property; and (E) any written or oral notice or other communication of which Borrower becomes aware from any source whatsoever (including but not limited to a governmental entity) relating in any way to Hazardous Materials. Any failure of Borrower to perform its obligations pursuant to this Section 12.2 shall constitute bad faith waste with respect to the Property.

  • Financial Covenants Section 4.01. (a) The Borrower shall maintain or cause to be maintained records and accounts adequate to reflect in accordance with sound accounting practices the operations, resources and expenditures in respect of the Project of the departments or agencies of the Borrower responsible for carrying out the Project or any part thereof.

  • Specific Financial Covenants During the term of this Agreement, and thereafter for so long as there are any Obligations to Lender, Borrower covenants that, unless otherwise consented to by Lender in writing, it shall:

  • Ship Covenants The undertakings in this Clause 21 remain in force throughout the Security Period.

  • Collateral Covenants Until the Revolving Credit Facility has been terminated and all the Secured Obligations have been paid in full, unless the Required Lenders shall otherwise consent in the manner provided in SECTION 16.11:

  • Environmental Covenant The Borrower will, and will cause each of its Subsidiaries to,

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