Negative Covenant of the Company Sample Clauses

Negative Covenant of the Company. The Company covenants and agrees that it will not, at any time prior to the final Series Termination Date institute Insolvency Proceedings with respect to WorldMark or consent to the institution of Insolvency Proceedings against WorldMark, or take any corporate action in furtherance of any such action.
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Negative Covenant of the Company. The Company hereby covenants and agrees that, for so long as the Agreement is in effect, unless the Administrative Agent otherwise consents in writing, the Company will not agree to permit any Seller to amend, agree to permit any Seller to amend or consent to the amendment of (a) the definition of "Permitted Receivables Transaction" in Section 1.1 of the Credit Agreement, (b) the definition of "Transferred Receivables" in Section 1.1 of the Collateral Agreement and (c) the Credit Agreement or the Collateral Agreement in a manner that would cause a breach of any representation, warranty or covenant by either the Company or any Seller under this Agreement or any other Transaction Document. Article VII
Sample 1
Negative Covenant of the Company. Without limiting any other -------------------------------- covenants and provisions hereof, the Company covenants and agrees that, as long as Warrants to purchase at least fifty percent (50%) of the aggregate Warrant Shares are outstanding, it will not, except with the affirmative vote or consent of at least five (5) members of its Board of Directors, (i) merge or consolidate with, or sell, assign, lease or otherwise dispose of or voluntarily part with the control of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to, any Person, or permit any Subsidiary to do any of the foregoing, except for sales or other dispositions of assets in the ordinary course of business and except that (1) any Subsidiary may merge into or consolidate with or transfer assets to any other Subsidiary and (2) any Subsidiary may merge into or transfer assets to the Company, or (ii) issue any securities, or agree to issue or authorize the issuance of any securities, in a transaction exempt from registration under the Securities Act, if any of Sections 3, 4, 5 or 6 of the Warrants (whether or not Section 5 of the Warrants shall then be in effect in accordance with its terms) would be applicable as a result of such merger or other transaction or issuance of securities. Notwithstanding anything to the contrary contained in this Agreement, the provisions of this Section 4.02 shall expire six (6) months after the initial Closing.
Sample 1

Related to Negative Covenant of the Company

  • Negative Covenants of the Company Except as expressly contemplated by this Agreement or otherwise consented to in writing by Buyer, from the date of this Agreement until the Effective Time, the Company will not do any of the following:

  • Affirmative Covenants of the Company The Company hereby covenants and agrees as follows:

  • 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:

  • 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:

  • Negative Covenant Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

  • 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 Seller From the date hereof until the Collection Date:

  • 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 of the Servicer From the Closing Date until the Collection Date:

  • Negative Covenants of the Seller Parties Until the date on which the Aggregate Unpaids have been indefeasibly paid in full and this Agreement terminates in accordance with its terms, each Seller Party hereby covenants, as to itself, that:

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