General Covenants of Venoco and Clearwater. From and after the Effective Date, except as otherwise consented to or approved in writing by each of the Parties, the Parties covenant and agree to the following:
General Covenants of Venoco and Clearwater Sample Clauses
Related to General Covenants of Venoco and Clearwater
General Covenants The Corporation covenants with the Warrant Agent that so long as any Warrants remain outstanding:
Additional Covenants of the Company The Company further covenants and agrees with each Underwriter as follows:
Certain Financial Covenants The Borrower will not:
Additional Covenants of Stockholder Stockholder hereby covenants and agrees that until the Termination Date:
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:
ADDITIONAL COVENANTS OF THE STOCKHOLDERS Each Stockholder hereby covenants and agrees that until the termination of this Agreement:
Further Assurances; General Covenants Each Lien Grantor covenants as follows:
Covenants of Both Parties The parties hereto agree that:
Covenants of Company In the event that any litigation with claims in excess of $1,000,000 to which the Company is a party which shall be reasonably likely to result in a material judgment against the Company that the Company will not be able to satisfy shall be commenced by an Owner, during the period beginning nine months following the commencement of such litigation and continuing until such litigation is dismissed or otherwise terminated (and, if such litigation has resulted in a final judgment against the Company, such judgment has been satisfied), the Company shall not make any distribution on or in respect of its membership interests to any of its members, or repay the principal amount of any indebtedness of the Company held by CFC, unless (i) after giving effect to such distribution or repayment, the Company's liquid assets shall not be less than the amount of actual damages claimed in such litigation or (ii) the Rating Agency Condition shall have been satisfied with respect to any such distribution or repayment. The Company will not at any time institute against the Trust any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Certificates, the Notes, this Agreement or any of the Basic Documents.
Covenants of Party A (a) Unless the provisions set forth below under “Private Placement Procedures” shall be applicable, Party A shall use any Shares delivered by Party B to Party A on any Settlement Date to return to securities lenders to close out open Share loans created by Party A or an affiliate of Party A in the course of Party A’s or such affiliate’s hedging activities related to Party A’s exposure under this Confirmation.
