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 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; b. The securities and covenants referred to in section a. of this Article shall be documented using agreements to be determined by the Agent. Any costs involved shall be for the Borrower's account. c. The Borrower agrees that if third parties have provided security or covenants, the Agent may provide such third parties with information about its financial position and any facts relating to the Loans which may be of importance to such third parties.
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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 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; b. The securities and covenants referred to in section a. of this Article shall be documented using agreements to be determined by the Agent. Any costs involved shall be for the Borrower's account. c. The Borrower agrees that if third parties have provided security or covenants, the Agent may provide such third parties with information about its financial position and any facts relating to the Loans which may be of importance to such third parties.
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SECURITY AND COVENANTS 
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Related to SECURITY AND COVENANTS

  • Land Covenants This Agreement is subject to the requirements of Title VI of the Civil Rights Act of 1964 (P. L. 88-352) and 24 CFR 570.601 and 570.602. In regard to the sale, lease, or other transfer of land acquired, cleared or improved with assistance provided under this Agreement, SUBRECIPIENT shall cause or require a covenant running with the land to be inserted in the deed or lease for such transfer, prohibiting discrimination as herein defined, in the sale, lease or rental, or in the use or occupancy of such land, or in any improvements erected or to be erected thereon, providing that the CITY and the United States are beneficiaries of and entitled to enforce such covenants. SUBRECIPIENT, in undertaking its obligation to carry out the Program assisted hereunder, agrees to take such measures as are necessary to enforce such covenant, and will not itself so discriminate.

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

  • Warranties and Covenants Assignor warrants and represents to Assignee and Company as of the date hereof:

  • Security and Offset Issuer hereby grants to NCPS and the Indemnified Parties a security interest in and lien upon the Escrow Funds (to the extent of Issuer’s rights thereto) to secure all obligations hereunder, and NCPS and the Indemnified Parties shall have the right to offset the amount of any compensation or reimbursement due any of them hereunder (including any claim for indemnification pursuant to Section 9 hereof) against the Escrow Funds (to the extent of Issuer’s rights thereto.) If for any reason the Escrow Funds available to NCPS and the Indemnified Parties pursuant to such security interest or right of offset are insufficient to cover such compensation and reimbursement, Issuer shall promptly pay such amounts to NCPS and the Indemnified Parties upon receipt of an itemized invoice.

  • 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.

  • Other Security and Guaranties The Agent, may, without notice or demand and without affecting the Borrower's obligations hereunder, from time to time: (a) take from any Person and hold collateral (other than the Collateral) for the payment of all or any part of the Obligations and exchange, enforce or release such collateral or any part thereof; and (b) accept and hold any endorsement or guaranty of payment of all or any part of the Obligations and release or substitute any such endorser or guarantor, or any Person who has given any Lien in any other collateral as security for the payment of all or any part of the Obligations, or any other Person in any way obligated to pay all or any part of the Obligations.

  • Representations and Covenants In accordance with IRS Notice 2001-82 and IRS Notice 88-129, Developer represents and covenants that (i) ownership of the electricity generated at the Large Generating Facility will pass to another party prior to the transmission of the electricity on the New York State Transmission System, (ii) for income tax purposes, the amount of any payments and the cost of any property transferred to the Connecting Transmission Owner for the Connecting Transmission Owner’s Attachment Facilities will be capitalized by Developer as an intangible asset and recovered using the straight-line method over a useful life of twenty (20) years, and

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