Common use of Negative Covenant of the Equityholder and the Collateral Manager Clause in Contracts

Negative Covenant of the Equityholder and the Collateral Manager. The Equityholder and the Collateral Manager each covenants and agrees that, until the Final Maturity Date (and thereafter until the date that all Obligations have been Paid in Full), it shall not enter into or suffer to exist or permit to become effective any agreement that prohibits, limits or imposes any material condition upon its ability to perform its obligations under the Facility Documents to which it is a party.

Negative Covenant of the Equityholder and the Collateral Manager. The Equityholder Collateral Manager, on behalf of itself and the Collateral Manager each Equityholder, covenants and agrees that, until the Final Maturity Date (and thereafter until the date that all Obligations have been Paid in Full), it shall not enter into or suffer to exist or permit to become effective any agreement that prohibits, limits or imposes any material condition upon its ability to perform its obligations under the Facility Documents to which it is a party.

Negative Covenant of the Equityholder and the Collateral Manager. The Equityholder Collateral Manager and the Collateral Manager Equityholder, each on behalf of itself, covenants and agrees that, until the Final Maturity Date (and thereafter until the date that all Obligations have been Paid in Full), it shall not enter into or suffer to exist or permit to become effective any agreement that prohibits, limits or imposes any material condition upon its ability to perform its obligations under the Facility Documents to which it is a party.