Gerdau Steel and Borrowers' Covenants. So long as any Loan Obligations remain payable or any Borrower may be or become entitled to any Drawdown,
Gerdau Steel and Borrowers' Covenants Sample Clauses
Related to Gerdau Steel and Borrowers' Covenants
Borrower’s Covenants 3.1 As and when he becomes, and for so long as he remains a shareholder of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower shall cause Borrower Company:
Pledgor’s Covenants The Pledgor represents, covenants and warrants that unless compliance is waived by the Bank in writing:
Vendor’s Covenants The Vendor will have performed and complied with all agreements, covenants and conditions as required by this Agreement.
Seller’s Covenants Seller hereby covenants and agrees with HARC as follows:
Debtor’s Covenants Until the Obligations are paid in full, Debtor agrees that it will:
Buyer’s Covenants Buyer hereby covenants as follows:
Purchaser’s Covenants The Purchaser will have performed and complied with all covenants, agreements and conditions as required by this Agreement.
Grantor's Covenants The Grantor covenants that it shall:
Guarantor’s Covenants Each Guarantor covenants and agrees that from the date hereof and until payment in full of all indebtedness and performance of all obligations owed under the Loan Documents, Guarantor shall:
Accounts Covenants (a) Borrower shall notify Lender promptly of: (i) any material delay in Borrower's performance of any of its obligations to any account debtor or the assertion of any claims, offsets, defenses or counterclaims by any account debtor, or any disputes with account debtors, or any settlement, adjustment or compromise thereof, (ii) all material adverse information relating to the financial condition of any account debtor and (iii) any event or circumstance which, to Borrower's knowledge would cause Lender to consider any then existing Accounts as no longer constituting Eligible Accounts. No credit, discount, allowance or extension or agreement for any of the foregoing shall be granted to any account debtor without Lender's consent, except in the ordinary course of Borrower's business in accordance with practices and policies previously disclosed in writing to Lender. So long as no Event of Default exists or has occurred and is continuing, Borrower shall settle, adjust or compromise any claim, offset, counterclaim or dispute with any account debtor. At any time that an Event of Default exists or has occurred and is continuing, Lender shall, at its option, have the exclusive right to settle, adjust or compromise any claim, offset, counterclaim or dispute with account debtors or grant any credits, discounts or allowances.
