NEGATIVE CONVENANTS Sample Clauses

NEGATIVE CONVENANTS. Not to, without Lender's written consent: -------------------- (a) Engage in any business activities substantially different from Borrower's present business,
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NEGATIVE CONVENANTS. 55 7.01 Liens....................................................................................................................................................... 55 7.02 Indebtedness........................................................................................................................................... 55 7.03 Fundamental Changes; Subsidiaries....................................................................................................... 55 7.04 Change in Nature of Business................................................................................................................. 55 7.05 Use of Proceeds....................................................................................................................................... 56 7.06 Sanctions................................................................................................................................................. 56 7.07 Anti-Corruption....................................................................................................................................... 56 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES............................................................................. 56 8.01 Events of Default.................................................................................................................................... 56 8.02 Remedies Upon Event of Default............................................................................................................ 58 8.03 Application of Funds.............................................................................................................................. 59 ARTICLE IX ADMINISTRATIVE AGENT...................................................................................................... 60 9.01 Appointment and Authority..................................................................................................................... 60 9.02 Rights and Obligations as a Lender........................................................................................................ 60
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NEGATIVE CONVENANTS. (a) Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing, the Subject Company and the Sellers will not, without the prior consent of the Purchaser, take any affirmative action or fail to take any reasonable action within its control, as a result of which any of the changes or events listed in Section 5.14 is likely to occur.
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NEGATIVE CONVENANTS. Borrower agrees that until payment in full of all Obligations, Borrower will not, nor will it permit any Subsidiary to, do any of the following, without CNB's prior written consent:
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NEGATIVE CONVENANTS. Borrower assumes vis a vis Interbank the following obligations to refrain from doing during the term of the Agreement.
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NEGATIVE CONVENANTS. 11 7.1 Dispositions ................................................ 12 7.2 Changes in Business, Ownership, Management or Locations ..... 12 7.3
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NEGATIVE CONVENANTS. Without the affirmative action of a majority of the Shares of Shareholders present at a duly convened Shareholders Meeting Seller shall not:
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NEGATIVE CONVENANTS. From the date hereof and for so long as the Commitments remain in effect, any Letter of Credit remains outstanding (in a face amount in excess of the sum of (i) the amount of cash then held in the Letter of Credit Account and (ii) the face amount of back-to-back letters of credit delivered pursuant to Section 2.02(j)) or principal of or interest on any Loan or reimbursement of any LC Disbursement is owing (or any other amount that is due and unpaid on the first date that none of the foregoing is in effect, outstanding or owing, respectively, is owing) to any Lender or the Administrative Agent hereunder:
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NEGATIVE CONVENANTS. Until all the Commitments have expired or terminated and the principal of and interest on each Loan, all fees payable hereunder and all other Obligations have been paid in full (but with respect to such other Obligations only to the extent that actual amounts hereunder are owing at the time the Loans, together with interest and fees, have been paid in full) and all Letters of Credit shall have expired or terminated and all LC Disbursements shall have been reimbursed, each Borrower covenants and agrees (for itself and the Restricted Subsidiaries) with the Lenders that:
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Related to NEGATIVE CONVENANTS

  • AFFIRMATIVE AND NEGATIVE COVENANTS The Borrower covenants and agrees that, so long as any Bank has any Commitment hereunder or any Obligations remain unpaid:

  • NEGATIVE COVENANTS So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrower shall not, nor shall it permit any Subsidiary to, directly or indirectly:

  • Certain Negative Covenants Each of the Borrowers covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Lender has any obligation to make any Loans or the Administrative Agent has any obligations to issue, extend or renew any Letters of Credit:

  • CERTAIN NEGATIVE COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligations to issue, extend or renew any Letters of Credit:

  • Negative Covenants of the Borrower So long as any Advance shall remain unpaid or the Liquidity Provider shall have any Maximum Commitment hereunder or the Borrower shall have any obligation to pay any amount to the Liquidity Provider hereunder, the Borrower will not appoint or permit or suffer to be appointed any successor Borrower without the prior written consent of the Liquidity Provider, which consent shall not be unreasonably withheld or delayed.

  • NEGATIVE COVENANTS OF THE BORROWERS Until such time as all amounts of principal and interest due to the Bank by a Borrower pursuant to any Loan made to such Borrower is irrevocably paid in full, and until the Bank is no longer obligated to make Loans to such Borrower, such Borrower (for itself and on behalf of its respective Funds) agrees:

  • Negative Covenants of Seller On and as of the date hereof and each Purchase Date and until this Agreement is no longer in force with respect to any Transaction, Seller shall not without the prior written consent of Buyer:

  • BORROWER'S NEGATIVE COVENANTS Borrower covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7.

  • NEGATIVE COVENANTS OF BORROWER Borrower agrees that so long as it is indebted to Bank, or so long as Bank has any obligation to extend credit to Borrower, it will not, without Bank's written consent:

  • Borrower Negative Covenants Borrower covenants and agrees with Lender that:

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