NEGATIVE COVENANTS OF THE CITY Sample Clauses

NEGATIVE COVENANTS OF THE CITY. So long as the Letter of Credit is outstanding and until all of the Payment Obligations shall have been paid in full, the City shall not do any of the following, without the prior written consent of the Bank:
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NEGATIVE COVENANTS OF THE CITY. Until the later of the Termination Date or the date that all Payment Obligations are paid in full, unless the Bank otherwise expressly consents in writing:
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NEGATIVE COVENANTS OF THE CITY. So long as Loan is outstanding and until all of the Obligations shall have been paid in full, the City hereby covenants and agrees that it will not:‌
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NEGATIVE COVENANTS OF THE CITY. Throughout the term of this Loan Agreement, the City shall not:
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NEGATIVE COVENANTS OF THE CITY. The City covenants and agrees as follows until the date the WIFIA Note and all of the obligations of the Borrower under this Agreement (other than contingent indemnity obligations) are irrevocably paid in full by the Borrower in immediately available funds and the WIFIA Lender no longer has any commitment to make disbursements to the Borrower, unless the WIFIA Lender waives compliance in writing:
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NEGATIVE COVENANTS OF THE CITY. The City hereby covenants and agrees that until the Letter of Credit has expired or been terminated and until all of the Obligations of the City shall have been fully paid and performed to the satisfaction of the Bank and this Reimbursement Agreement have been cancelled in writing by the Bank, unless the Bank shall otherwise consent in writing which consent shall not be unreasonably withheld, it shall not engage in any of the following:
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NEGATIVE COVENANTS OF THE CITY. As long as this Agreement is in effect, and until all amounts payable hereunder or under the Bank Fee Agreement, and under any Bank Bonds, are indefeasibly paid in full, the City shall not, unless the Bank shall otherwise consent in writing: (a) agree to amend, supplement, extend, modify, waive, revise or otherwise alter or terminate, or permit any party to amend, supplement, extend, modify, waive, revise or otherwise alter or terminate, any term of the Bonds or any other Financing Document to which the City is a party; (b) violate any law, rule, regulation, or governmental order to which it is subject, which violation involves a reasonable likelihood of adversely affecting the use or value of the Airport System, the financial condition, business or results of operations of the Airport System or the ability of the City to perform its obligations under this Agreement or any other Financing Document; (c) invest any amounts on deposit in any of the funds or accounts held or maintained by the Paying Agent pursuant to the Ordinance in any investments other than investments permitted pursuant to the terms of the Ordinance or deviate from the investment policies of the City approved by the City Council of the City or from the applicable provisions of the State statutes with respect to the City’s investments; (d) take any action, or cause the Paying Agent or the Tender Agent to take any action under the Ordinance that would cause a Default or a City Event of Default under this Agreement; (e) take any action which would result in the City’s obligations to the Bank under this Agreement and the Bank Fee Agreement not having the priority set forth in the Ordinance; (f) terminate this Agreement, the Bank Fee Agreement or the Ordinance (except as otherwise permitted herein or therein) or replace any Letter of Credit with a Substitute Credit Facility (except as otherwise permitted herein or in the Ordinance); (g) except as permitted by the Ordinance, encumber, transfer, sell, lease, convey or otherwise dispose of, any interest in, or create, suffer or assume any lien to be created on, the Airport System; or (h) other than in the Remarketing Memorandum and its audited financial statements, refer to the Bank in any official statement or any similar offering document or make any changes in reference to the Bank in any official statement or any similar offering document; provided, however, that the City may include the name of the Bank in the Remarketing Memorandum or its au...
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NEGATIVE COVENANTS OF THE CITY. In consideration of EBRD entering into the Loan Agreements and making the Loans available thereunder, and for other good and valuable consideration the receipt of which the City hereby acknowledges, the City undertakes that, to the fullest extent permitted under Romanian law, so long as any amount remains outstanding or payable under any Financing Agreement, it will comply in full with the following undertakings unless EBRD otherwise agrees in writing: (a) not impose charges, not interfere with operations: the City shall not (and shall procure that none of the entities directly or indirectly owned or controlled by the City shall) impose any unjustified charges or obligations on the Borrower or interfere with the day to day management and/or operations of the Borrower, except as specifically provided under this Deed;
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Related to NEGATIVE COVENANTS OF THE CITY

  • Negative Covenants of the Company Except as otherwise required or expressly contemplated by this Agreement or consented to in writing by Buyer, the Company will not and will not permit any of its Subsidiaries to, from the date hereof until the Effective Time: (a) split, combine, or reclassify any shares of its capital stock or make any other changes in its equity capital structure; (b) purchase, redeem, or otherwise acquire, directly or indirectly, any shares of its capital stock or any options, rights, or warrants to purchase any such capital stock or any securities convertible into or exchangeable for any such capital stock; (c) declare, set aside, or pay any dividend or make any other distribution in respect of shares of its capital stock; (d) amend its charter, bylaws, or similar organizational documents; (e) issue any shares of its capital stock or any options, rights, or warrants to purchase any such capital stock or any securities convertible into or exchangeable for any such capital stock, except for issuances of shares of Company Common Stock upon the exercise of any options or of any Rights under the Rights Agreement, or designate any class or series of capital stock from its authorized but undesignated preferred stock; (f) purchase any capital assets or make any capital expenditures (except as set forth in the Company's current capital expenditures budget, a copy of which has been delivered to Buyer) in excess of $250,000 in the aggregate, purchase any business, purchase any stock of any corporation, or merge or consolidate with any person; (g) sell, lease, license, encumber or otherwise dispose of any assets or properties, other than in the ordinary course of business consistent with past practice, which sales, leases, licenses, encumbrances or other dispositions of assets other than inventory, in any event, are not material to the Company and its Subsidiaries, taken as a whole; (h) incur, assume, or guarantee any indebtedness for money borrowed other than (i) borrowings incurred for working capital purposes under the Company's existing revolving credit facility or (ii) intercompany indebtedness; (i) enter into any new Benefit Plan or program or severance or employment agreement, modify in any respect any existing Benefit Plan or program (except as required by law) or any existing employment or severance agreement, or, except as required under existing agreements or in the ordinary course of business consistent with past practice, grant any increases in compensation or benefits of any Company Employee, officer or director; (j) enter into any collective bargaining agreement or enter into any substantive negotiations with respect to any collective bargaining agreement, except as required by law; (k) change or modify in any material respect any existing accounting method, principle, or practice, other than as required by GAAP; (l) enter into any new Company Material Contract (other than in the ordinary course of business consistent with past practice), or modify in any respect adverse to the Company or any of its Subsidiaries any existing Company Material Contract; (m) fund or take any action to cause a rabbi trust to be funded; (n) agree to pay R. Xxxxx Xxxxxx a transaction bonus of more than $5,000; (o) except as expressly provided in the amendment thereto dated May 30, 2001, change, modify or commence a new phase pursuant to the Company Stock Purchase Plan; (p) (i) pay, discharge, settle or satisfy any material claims against the Company or its Subsidiaries (including claims of shareholders), liabilities or obligations (whether absolute, accrued, contingent or otherwise), other than (x) the payment, discharge, settlement or satisfaction of such claim, liability or obligation in the ordinary course of business consistent with past practice, (y) modifications, refinancings or renewals of existing indebtedness as permitted by the terms thereof as in effect on the date of this Agreement, or (z) the payment, discharge, settlement or satisfaction of claims, liabilities or obligations reflected or reserved against in the most recent audited financial statements (or the notes thereto) of the Company included in the Company SEC Reports (for amounts not in excess of such reserves) or incurred since the date of such financial statements in the ordinary course of business consistent with past practice, or (ii) waive, release, grant or transfer any right of material value, other than in the ordinary course of business consistent with past practice; (q) enter into any agreement with any of their respective affiliates (other than wholly owned Subsidiaries of the Company); (r) (i) relinquish, waive or release any material contractual or other right or claim of the Company or its Subsidiaries, or (ii) knowingly dispose of or permit to lapse any rights in any material Company Proprietary Rights or knowingly disclose to any person not an employee of, or consultant or adviser to, the Company or any of its Subsidiaries of the Company or otherwise knowingly dispose of any trade secret, process or knowhow not a matter of public knowledge prior to the date of this Agreement, except pursuant to judicial order or process or commercially reasonable disclosures in the ordinary course of business consistent with past practice or pursuant to any existing contract or agreement; (s) except pursuant to the fiduciary duties of the Board of Directors of the Company as set forth in Sections 7.01(a) and (b), or as expressly permitted pursuant to Sections 7.02 or 9.01, take any action or omit to take any action that would or is reasonably likely to (i) result in any of the conditions to the Merger set forth in Article VIII not being satisfied, or (ii) prevent, materially delay or materially impede the consummation of the Merger; or (t) enter into any commitment to do any of the foregoing.

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

  • Negative Covenants of the Seller From the date hereof until the Collection Date:

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

  • 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.

  • Affirmative Covenants of the Seller From the date hereof until the Collection Date:

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

  • 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 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:

  • Affirmative 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, as set forth below:

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