SECURITY AND COVENANTS Sample Clauses

SECURITY AND COVENANTS a. The following security and covenants have been or will be provided to secure all present and future indebtedness of the Borrower to the Banks on account of the Loans or any other account whatsoever, whether as part of ordinary banking business or otherwise: - first ranking pledge (pandrecht) on the shares held by DWE and the Borrower in the capital of Welnx; - first ranking pledge (pandrecht) on the shares held by DWE in the Borrower; - an independent corporate guarantee for a principal amount of NLG 25,000,000 by DWE - subordination of the mezzanine loan granted to the Borrower by Denali Incorporated (both interest and repayments). The mezzanine loan agreement shall have to be to the Agent's satisfaction;
Sample 1
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SECURITY AND COVENANTS a. The following security and covenants have been or will be provided to secure all present and future indebtedness of the Borrower to the Banks on account of the Loans or any other account whatsoever, whether as part of ordinary banking business or otherwise: - first ranking pledge (pandrecht) on the shares held by the Borrower in Welnx; - subordination of the mezzanine loan granted to the Borrower by Denali Incorporated (both interest and repayments). The mezzanine loan agreement shall have to be to the Agent's satisfaction;
Sample 1
SECURITY AND COVENANTS 
Sample 1

Related to SECURITY AND COVENANTS

  • Agreement and Covenants The Investor shall have performed or complied in all material respects with all agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Closing. Unless the Issuer receives written notification to the contrary at the Closing, the Issuer shall be entitled to assume that the preceding is accurate in all respects at the Closing.

  • REPRESENTATIONS BY AND COVENANTS OF THE COMPANY The Company hereby represents and warrants to the Subscriber that:

  • Warranties and Covenants In addition to the representations, warranties and covenants contained in this Agreement, the Seller hereby represents, warrants and covenants to the Issuer as follows on the Closing Date:

  • Agreements and Covenants The Company shall have performed or complied in all material respects with all agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Effective Time.

  • Perfection Representations, Warranties and Covenants The Seller hereby makes the perfection representations, warranties and covenants set forth on Schedule B hereto to the Issuer and the Issuer shall be deemed to have relied on such representations, warranties and covenants in acquiring the Receivables.

  • Conditions and Covenants All of the provisions of this Lease shall be deemed as running with the land, and construed to be "conditions" as well as "covenants" as though the words specifically expressing or imparting covenants and conditions were used in each separate provision.

  • Representations and Covenants The representations and warranties of the Shareholders and the Company contained in this Agreement shall be true in all material respects on and as of the Closing Date with the same force and effect as though made on and as of the Closing Date. The Shareholders and the Company shall have performed and complied in all material respects with all covenants and agreements required by this Agreement to be performed or complied with by the Shareholders and the Company on or prior to the Closing Date. The Company shall have delivered to the Parent, if requested, a certificate, dated the Closing Date, to the foregoing effect.

  • Agreements and Covenants of the Company The Company hereby agrees and covenants to:

  • Representations and Covenants of the Company A. The Company hereby represents and warrants to the Distributor, which representations and warranties shall be deemed to be continuing throughout the term of this Agreement, that:

  • Collateral Reporting and Covenants Each Borrower hereby covenants and agrees, on behalf of itself and its Subsidiaries, as applicable below, as follows:

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