Negative Covenants of the Issuer Sample Clauses
Negative Covenants of the Issuer. The Issuer hereby agrees that during the Term of the Insurance Agreement, unless the Insurer shall otherwise expressly consent in writing:
Negative Covenants of the Issuer. So long as any of the Notes are outstanding, the Issuer shall not:
Negative Covenants of the Issuer. From the Effective Date until the termination of this Indenture, the Issuer hereby agrees that it shall not:
Negative Covenants of the Issuer. So long as any of the Series 2008-A Notes are outstanding, the Issuer shall not:
Negative Covenants of the Issuer. 6.1 The Issuer shall not, save to the extent permitted by the Security Trust Deed and MTN Cash Management Agreement or any Supplement or with the prior written consent of the Transferor and each Rating Agency then rating any outstanding Associated Debt of any Series:
6.1.1 dispose of any Secured Property or create or permit to subsist any Encumbrance including, without limitation, anything analogous to any of the foregoing under the laws of any jurisdiction upon the whole or any part of its present or future undertaking, assets or revenues (including, without limitation, uncalled capital and any Secured Property) other than the interest referred to in Clauses 6.1 to 6.3 of the Security Trust Deed and MTN Cash Management Agreement, as amended by this Series 02-1 MTN Supplement;
6.1.2 carry on any business other than as contemplated herein relating to the purchase of beneficial interests in the Securitised Portfolio to be held on trust by the Receivables Trustee and the issue of the Notes of any Series and in respect of that business shall not engage in any activity or do anything whatsoever except:
(a) preserve and/or exercise and/or enforce any of its rights and perform and observe its obligations under the Notes appertaining thereto, the Security Trust Deed and MTN Cash Management Agreement, the MTN Master Definitions Schedule, the Declaration of Trust and Trust Cash Management Agreement, the Trust Master Definitions Schedule, the Beneficiaries Servicing Agreement, the MTN Issuer Bank Agreement and this Series 02-1 MTN Supplement and any mandate regarding any MTN Issuer Account (together, the "SERIES 02-1 DOCUMENTS");
(b) use, invest or dispose of any of its property or assets in the manner provided in or contemplated by the Series 02-1 Documents;
(c) perform any act incidental to or necessary in connection with (a) or (b) above;
6.1.3 have or form, or cause to be formed, any subsidiary, subsidiary undertakings or undertakings of any other nature or have any employees or premises or have an interest in a bank account other than the MTN Issuer Accounts;
6.1.4 create, incur or suffer to exist any indebtedness (other than indebtedness permitted to be incurred under the terms of its articles of association and pursuant to or as contemplated in any of the Series 02-1 Documents) or give any guarantee in respect of any obligation of any Person;
6.1.5 repurchase any shares or declare or pay any dividend or other distribution to its shareholders or issue or allot ...
Negative Covenants of the Issuer. The Issuer hereby agrees that as long as any Notes remain Outstanding:
Negative Covenants of the Issuer. The Issuer hereby covenants and agrees that during the term of this Insurance Agreement:
(a) It shall not engage at any time in any business or business activity other than such activities expressly set forth in its certificate of incorporation delivered to AGIC on or prior to the Closing Date.
(b) It shall not consent to amend its certificate of incorporation or by-laws without the prior written consent of AGIC.
(c) It shall not, without the prior written consent of AGIC, consolidate with or merge into any other entity or convey, transfer or lease its properties and assets substantially as an entirety to any entity, or permit any entity to merge into the Issuer or convey, transfer or lease its properties and assets substantially as an entirety to the Issuer;
Negative Covenants of the Issuer. The Issuer hereby agrees that while the Preferred Shares are outstanding or any amounts are owing under this Agreement, unless Ambac shall otherwise expressly consent in writing:
Negative Covenants of the Issuer. The Issuer covenants and agrees that for so long as any Obligations remain outstanding, the Issuer shall perform or cause to be performed the covenants in this Section.
Negative Covenants of the Issuer. At all times from the Closing Date to the latest Maturity Date for any Class, unless the Noteholders shall otherwise consent in writing, the Issuer hereby covenants and agrees with the Indenture Trustee as follows: