NEGATIVE COVENANTS OF BORROWER. Until the Loan Obligations have been paid in full, Borrower shall not:
NEGATIVE COVENANTS OF BORROWER. To conform with the terms and conditions under which each Lender is willing to have credit outstanding to Borrower, and to induce each Lender to enter into this Agreement and make the Loans, Borrower warrants, covenants and agrees that until the full and final payment of the Obligations and the termination of this Agreement, unless Majority Lenders have previously agreed otherwise:
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:
NEGATIVE COVENANTS OF BORROWER. Borrower covenants and agrees that from the date hereof and until payment in full of the Obligations and the formal termination of this Agreement, Borrower and each Subsidiary:
NEGATIVE COVENANTS OF BORROWER. Borrower covenants and agrees that, so long as (i) any of the Banks has any obligation to make any Loan hereunder or Mercantile has any obligation to issue any Letter of Credit hereunder, (ii) any Letter of Credit remains outstanding or (iii) any of Borrower's Obligations remain unpaid, unless the prior written consent of the Required Banks is obtained:
NEGATIVE COVENANTS OF BORROWER. Borrower covenants and agrees that at all times from and after the Closing Date, unless the Bank shall otherwise consent in writing, such consent to be at the discretion of the Bank, it will not, either directly or indirectly:
NEGATIVE COVENANTS OF BORROWER. Borrower agrees and covenants with Lender that, at all times during the Term of this Agreement:
NEGATIVE COVENANTS OF BORROWER. To conform with the terms and conditions under which each Lender is willing to have credit outstanding to Borrower, and to induce each Lender to enter into this Agreement and make the Loans, Borrower warrants, covenants and agrees that until the full and final payment of the Obligations and the termination of this Agreement, unless Required Lenders have previously agreed otherwise:
NEGATIVE COVENANTS OF BORROWER. On and as of the date hereof and at all times while this Agreement or the Loan is in effect, Borrower shall not, without the prior written consent of Class A Lender:
(a) Knowingly take any action that would directly or indirectly impair or materially and adversely affect Xxxxxx’s first priority security interest in the Underlying Loan;
(b) transfer, assign, convey, grant, bargain, sell, set over, deliver or otherwise dispose of, or pledge or hypothecate, directly or indirectly, any interest in the Underlying Loan to any Person other than Lender;
(c) create, incur, assume or suffer to exist any Lien, encumbrance or security interest in or on the Underlying Loan or the other Collateral, whether now owned or hereafter acquired, other than the Liens and security interest granted by Borrower pursuant to the Loan Documents;
(d) except for Permitted Debt, create, incur, assume or suffer to exist any Indebtedness or other obligation, secured or unsecured, direct or indirect, absolute or contingent (including guaranteeing any obligation) if the same would cause Borrower to violate the covenants contained in Article 12;
(e) subject to Article 27, permit (through, to the extent of Borrower’s rights under the Underlying Loan Agreement, the giving of affirmative consent (or affirmative waiver) or, the giving of deemed consent (or deemed waiver or failure to object)) the Underlying Mortgaged Property or Underlying Mortgagor, to create, incur, assume or suffer to exist any Liens or Indebtedness, including without limitation, junior mortgage debt or mezzanine debt (in each case, excluding Permitted Encumbrances against the Underlying Mortgaged Property);
(f) except pursuant to the Underlying Loan Agreement, consent or assent to any Significant Modification other than in accordance with Article 27;
(g) permit the organizational documents or organizational structure of Borrower to be amended in a manner that violates Article 12; provided, however, that the foregoing shall not prohibit any modifications to Borrower’s organizational documents which are administrative in nature (other than with respect to the special purpose entity provisions) or solely reflect new direct or indirect ownership so long as no Change of Control has occurred;
(h) enter into any transaction of merger or consolidation or amalgamation or Division, or liquidate, wind up or dissolve itself (or suffer any liquidation, winding up or dissolution), or sell all or substantially all of its assets;
(i) suffer...
NEGATIVE COVENANTS OF BORROWER. So long as any part of the Debentures has not been redeemed or converted hereunder, and until such redemption or conversion in full, unless the Lender shall otherwise consent in writing, Borrower agrees that:
