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. The Issuer shall not:
(a) except as expressly permitted by this Indenture or any other of the Related Documents and except for properties and assets released from the Indenture Trust Estate in accordance with this Indenture, sell, transfer, exchange or otherwise dispose of any of the properties or assets of the Issuer, including those included in the Indenture Trust Estate, unless directed to do so by the Indenture Trustee;
(b) claim any credit on, or make any deduction from the principal or interest (including any Noteholders' Interest Basis Carryover or interest thereon, if any) payable in respect of the Notes (other than amounts properly withheld from such payments under the Code or applicable state law) or assert any claim against any present or former Noteholder by reason of the payment of the taxes levied or assessed upon any part of the Indenture Trust Estate;
(c) except as contemplated by the Related Documents, dissolve or liquidate in whole or in part; or
(i) permit the validity or effectiveness of this Indenture to be impaired, or permit the lien of this Indenture to be amended, hypothecated, subordinated, terminated or discharged, or permit any Person to be released from any covenants or obligations with respect to the Notes under this Indenture except as may be expressly permitted hereby, (ii) permit any lien, charge, excise, claim, security interest, mortgage or other encumbrance (other than the lien of this Indenture) to be created on or extend to or otherwise arise upon or burden the Indenture Trust Estate or any part thereof or any interest therein or the proceeds thereof (other than tax liens and other liens that arise by operation of law, in each case arising solely as a result of an action or omission of the related Obligor, and other than as expressly permitted by the Related Documents) or (iii) permit the lien of this Indenture not to constitute a valid first priority (other than with respect to any such tax or other lien) perfected security interest in the Indenture Trust Estate.
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;
(d) It shall not:
12 13 (i) Fail to do all things necessary to maintain its existence separate and apart from Midland and any other Person, including, without limitation, holding regular meetings of its shareholders and Board of Directors and maintaining appropriate company books and records (including a current minute book);
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:
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 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.
