Future Covenants. (a) For the purpose of satisfying the reporting obligation under the Exchange Act with respect to any class of asset-backed securities, the Company shall (i) promptly provide the Depositor and the Securities Administrator written notice substantially in the form of Exhibit II (A) any material litigation or governmental proceedings pending against the Company, (B) any Event of Default under the terms of this Agreement or any Purchase Agreement and (C) any merger, consolidation or sale of substantially all of the assets of the Company and (ii) provide to the Depositor and the Securities Administrator a description of such proceedings, affiliations or relationships.
Future Covenants. (a) For the purpose of satisfying the reporting obligation under the Exchange Act with respect to any class of asset-backed securities, the Company shall (i) promptly provide the Depositor and the Securities Administrator written notice substantially in the form of Exhibit II (A) any material litigation or governmental proceedings pending against the Company, (B) any affiliations or relationships that develop following the closing date of a Securitization Transaction between the Company, with respect to such Securitization Transaction, (C) any Event of Default under the terms of this Agreement or any Reconstitution Agreement, (D) any merger, consolidation or sale of substantially all of the assets of the Company and (E) the Company's entry into an agreement with a Subcontractor to perform or assist the Company with the performance of any of the Company's obligations under this Agreement or any Reconstitution Agreement and (ii) provide to the Depositor and the Securities Administrator a description of such proceedings, affiliations or relationships.
Future Covenants. (a) For the purpose of satisfying the Depositor’s reporting obligations under the Exchange Act with respect to any class of asset-backed securities, the Depositor hereby requests and the Seller hereby agrees to promptly provide the Depositor and the Securities Administrator with written notice and descriptions of all matters set forth in Section 33.03(d) of the Agreement substantially in the form of Exhibit II attached hereto.
Future Covenants. (a) For the purpose of facilitating the Purchaser's or any Depositor's reporting obligations under the Exchange Act with respect to any class of asset-backed securities collateralized by any of the Mortgage Loans, the Seller agrees to provide, within 5 days of the Seller's receipt from Purchaser of (i) a statement from Purchaser to the effect that the then-current pool composition percentage relating to the Mortgage Loans of Sovereign or one or more of Sovereign's Third-Party Originators [DELETE THIRD-PARTY ORIGINATOR CONCEPT FOR UBS] (which, in each case shall be identified by name by Purchaser in such statement), for such pool is in excess of twenty percent (20%) of such pool (or such other percentage as shall be required in any amendment to Regulation AB (or as a result of any rules or regulations promulgated by the Commission or interpretive guidance provided by the Commission or its staff) which would necessitate the disclosures set forth in subclause (ii) of this paragraph 4(a)), and (ii) Purchaser's written request to the Seller for (A) a written description of (x) any litigation or governmental proceedings pending against the Seller or such identified Sovereign Third-Party Originator that is material to investors in the related asset-backed securities (within the meaning of Item 1117 of Regulation AB), (B) any Event of Default known to the Seller under the terms of this Assignment or the Purchase Agreement and (C) a description of whether, and if so, how, the Seller or any such Sovereign Third-Party Originator is an affiliate (as such term is defined in Section 1119 of Regulation AB) of [, or whether there is, and if so the general character of, any business relationship, agreement, arrangement, transaction or understanding that is entered into outside the ordinary course of business or is on terms other than would be obtained in an arm's length transaction with an unrelated third party with,][DELETE FOR UBS] such entities as shall be identified in Purchaser's written request, which identification must include, at a minimum, entity legal name, address of principal place of business, and such entity's role in the related securities transaction [, which role shall, in each case, be of a nature that disclosure of such information is required by Item 1119 of Regulation AB][TERWIN ONLY] (such written notice and request described in this paragraph 1(a), the "Disclosure Request").
Future Covenants. Upon the occurrence of the Project Financing Facility Closing Date, the Company and the Purchasers shall negotiate in good faith the implementation of additional covenants and modification or deletion of existing covenants for the benefit of the holders, consistent with, and in any event no more restrictive than, those contained in the Project Financing Facility in respect of matters as to the development and operation of the Xxxxxxxx Project, including budgets and development plans with respect thereto, which are not fully known as of the date of the Original Agreement.
Future Covenants. (a) Upon the Collateral Release/Covenant Revision Trigger Date:
Future Covenants. 9.1. Each of the Shareholders shall use its reasonable efforts to cause the Company to, and to cause PCBV to, cause the Material Polish Cable Companies to:
Future Covenants. The Borrower agrees that in the event of any ---------------- extension of the Termination Date or the Maximum Revolving Loan Amount, Borrower shall agree to amend this Section 6 to incorporate such additional financial --------- covenants as the Agent and Borrower deem reasonable in light of the Borrower's financial status and projections.
Future Covenants. Borrower hereby agrees that it shall deliver to Bank an updated board-approved budget for the remainder of Borrower’ s 2017 fiscal year (the “Updated 2017 Plan”) on or prior to June 30, 2017. Bank and Borrower hereby further agree that following Bank’s receipt of the Updated 2017 Plan, Bank may establish new financial covenants and/or restructure the financial covenants set forth in this Section 6.7 upon Bank’s receipt and review of such budget. Any such new and/or restructured covenant( s) shall be added to this Agreement through an amendment on or prior to August 31, 20 17, which Borrower hereby agrees to promptly execute in accordance with the terms hereof.
Future Covenants. 39 SECTION 7.
