FURTHER COVENANT, DECLARE Sample Clauses

FURTHER COVENANT, DECLARE. AND AGREE with Mortgagee and its successors and assigns that the Vessel is to be held subject to the further covenants, terms and conditions hereinafter set forth. Anything else in this Mortgage notwithstanding, the mortgage by the Owner hereunder of the Vessel owned by the Owner shall secure the Indebtedness Secured Hereby only for the maximum amount that can be incurred without rendering this Mortgage, as it relates to the Owner, void or voidable under applicable law relating to fraudulent obligations, fraudulent conveyance or fraudulent transfer, and not any greater amount.
Sample 1
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Related to FURTHER COVENANT, DECLARE

  • Further Covenants The Company hereby covenants and agrees that:

  • Other Covenants (Section 5.1): Borrower shall at all times comply with all of the following additional covenants:

  • Further Covenants of the Company The Company hereby covenants and agrees that:

  • Other Covenant Defaults If Borrower fails or neglects to perform, keep, or observe any other material term, provision, condition, covenant, or agreement contained in this Agreement (other than as set forth in Sections 8.1, 8.2 or 8.4 through 8.11), in any of the other Loan Documents and Borrower has failed to cure such default within fifteen (15) days of the occurrence of such default. During this fifteen (15) day period, the failure to cure the default is not an Event of Default (but no Loan will be made during the cure period).

  • Other Covenants of the Parties The parties agree that, prior to the Closing:

  • BORROWER COVENANTS Borrower covenants and agrees that:

  • Certain Other Covenants The Company covenants that all shares of Common Stock that may be issued upon conversion of Notes shall be newly issued shares or treasury shares, shall be duly authorized, validly issued, fully paid and non-assessable and shall be free from preemptive rights and free from any tax, lien or charge (other than those created by the Holder or due to a change in registered owner). The Company shall list or cause to have quoted any shares of Common Stock to be issued upon conversion of Notes on each national securities exchange or over-the-counter or other domestic market on which the Common Stock is then listed or quoted.

  • Further Assurances Covenants Each Lien Grantor covenants as follows:

  • Breach of Other Covenants Any of the Loan Parties shall default in the observance or performance of any other covenant, condition or provision hereof or of any other Loan Document and such default shall continue unremedied for a period of ten (10) Business Days;

  • Other Covenants and Agreements The Company or, to the extent required hereunder, any Subsidiary should fail to perform or comply with any other covenant or agreement contained herein or in any other Loan Document or shall use the proceeds of any loan for an unauthorized purpose.

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