GENERAL COVENANTS 68 Sample Clauses

GENERAL COVENANTS 68. Section 5.1. Affirmative Covenants of the Borrower 68 Section 5.2. Negative Covenants of the Borrower 75 Section 5.3. Affirmative Covenants of the Collateral Administrator 77 Section 5.4. Negative Covenants of the Collateral Administrator 80 Section 5.5. Affirmative Covenants of the Collateral Custodian 81 Section 5.6. Negative Covenants of the Collateral Custodian 82 ARTICLE VI. COLLATERAL ADMINISTRATION 82 Section 6.1. Designation of the Collateral Administrator 82 Section 6.2. Duties of the Collateral Administrator 82 Section 6.3. Authorization of the Collateral Administrator 84 Section 6.4. Collection of Payments; Accounts 85 Section 6.5. Realization Upon Loans subject to a Value Adjustment Event 86 Section 6.6. Collateral Administrator Compensation 86 Section 6.7. Payment of Certain Expenses by Collateral Administrator 87 Section 6.8. Reports 87 Section 6.9. Annual Statement as to Compliance 88 Section 6.10. The Collateral Administrator Not to Resign 88 Section 6.11. Collateral Administrator Termination Events 88 ARTICLE VII. THE COLLATERAL CUSTODIAN 89 Section 7.1. Designation of Collateral Custodian 89 Section 7.2. Duties of Collateral Custodian 89 Section 7.3. Merger or Consolidation 91 Section 7.4. Collateral Custodian Compensation 91 Section 7.5. Collateral Custodian Removal 91 Section 7.6. Limitation on Liability 92 Section 7.7. Resignation of the Collateral Custodian 92 TABLE OF CONTENTS (continued) Page Section 7.8. Release of Documents 93 Section 7.9. Return of Underlying Instruments 93 Section 7.10. Access to Certain Documentation and Information Regarding the Collateral; Audits 94
Sample 1
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Related to GENERAL COVENANTS 68

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

  • GENERAL COVENANTS, CONDITIONS AND AGREEMENTS The Company hereby further covenants and agrees with each Purchaser as follows:

  • 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.

  • 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 15.9:

  • 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:

  • Certain Additional Covenants (a) If any Pledgor shall, as a result of its ownership of any of the Collateral, become entitled to receive or shall receive any Stock Certificate (including any Stock Certificate issued pursuant to a stock dividend or a distribution in connection with any reclassification or increase or reduction of capital, or any Stock Certificate issued in connection with any reorganization) or any other certificate evidencing any Collateral, such Pledgor shall accept the same as the agent of the Agent, hold the same in trust for the Agent and deliver the same forthwith to the Agent in the exact form received, duly endorsed by such Pledgor to the Agent, if required, together with an undated stock power covering such Stock Certificate or other certificate duly executed in blank by such Pledgor and with, if the Agent so requests, signature guaranteed, to be held by the Agent, subject to the terms hereof, as additional Collateral. Any sums paid upon or in respect of the Pledged Equity Interests upon the liquidation or dissolution of any Subsidiary shall be paid over to the Agent to be held as additional Collateral. In case any distribution of capital shall be made on or in respect of the Pledged Equity Interests or any property shall be distributed upon or with respect to the Pledged Equity Interests pursuant to the recapitalization or reclassification of the capital of the Pledgor or any Subsidiary or pursuant to the reorganization thereof, as applicable, the capital or property so distributed shall be delivered to the Agent to be held as additional Collateral. If any such capital or property so paid or distributed shall be received by any Pledgor, such Pledgor shall, until such capital or property is paid or delivered to the Agent, hold such money or property in trust for the Agent, segregated from other funds of such Pledgor, as additional Collateral.

  • Tenants Additional Covenants Tenant shall (a) join the Advisory Association and cooperate in the activities of such association; (b) at its election, engage in reasonable cross-marketing endeavors with the members of the Advisory Association; and (c) at its election, provide signage on the Property which references that the Property is owned by Landlord, which signage may include an appropriate logo selected by Landlord. In addition, it is the intent of the parties that Tenant be a single-purpose entity with no business operations except for those related solely to the operation of the Property for its Primary Intended Use and other property of Landlord which may be leased to Tenant. Tenant shall, therefore, not engage in or undertake any activities other than those respecting the operation of the Property for its Primary Intended Use, including leasing, managing, and operating golf courses in accordance with this Lease.

  • Additional Covenants of the Parties Section 7.1.

  • Additional Covenants of Servicer (a) Unless required by Applicable Law or court order, at the direction of a regulatory authority or, as evidenced by an Opinion of Counsel, in accordance with regulatory guidance, the Servicer will not release the Financed Vehicle securing each such Receivable from the security interest granted by such Receivable in whole or in part except (a) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (b) in connection with the repossession and liquidation of such Financed Vehicle or (c) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

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