Common use of SECTION 5 AFFIRMATIVE COVENANTS Clause in Contracts

SECTION 5 AFFIRMATIVE COVENANTS. Holdco hereby agrees to be bound by the terms of the following subsections of the Note Agreement to the same extent as such terms apply to the Issuer or any other Issuer Party thereunder: (A) 5.1(f) and 5.1(g) (Financial Statements); (B) 5.2 (Notices; Reporting Requirements): (1) 5.2(a) (Defaults), solely with respect to the occurrence of any Default or Event of Default or material event of default described therein with respect to Holdco; (2) 5.2(h) (Compliance Certificate); and (3) 5.4 (Payments) (solely to the extent applicable to Holdco and not to any Covered Group Member);

Appears in 2 contracts

Samples: Assignment and Assumption Agreement and Third Amendment to Amended and Restated Secured Note Agreement (General Motors Co), Assignment and Assumption Agreement and Third Amendment to Amended and Restated Secured Note Agreement (General Motors Co)

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SECTION 5 AFFIRMATIVE COVENANTS. Holdco hereby agrees to be bound by the terms of the following subsections of the Note Credit Agreement to the same extent as such terms apply to the Issuer Borrower or any other Issuer Loan Party thereunder: (A) 5.1(f) and 5.1(g) (Financial Statements); (B) 5.2 (Notices; Reporting Requirements): (1) 5.2(a) (Defaults), solely with respect to the occurrence of any Default or Event of Default or material event of default described therein with respect to Holdco; (2) 5.2(h) (Compliance Certificate); and (3) 5.4 (Payments) (solely to the extent applicable to Holdco and not to any Covered Group Member);

Appears in 2 contracts

Samples: Assignment and Assumption Agreement and Third Amendment to Second Amended and Restated Secured Credit Agreement (General Motors Co), Assignment and Assumption Agreement and Third Amendment to Second Amended and Restated Secured Credit Agreement (General Motors Co)

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