SPE Covenant Sample Clauses

SPE Covenant. The Seller shall not take any action that would cause a violation of Section 7.4 of the Indenture by the Purchaser.
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SPE Covenant. The Borrower shall cause any SPE not to conduct, transact or otherwise engage in any business or operations other than (i) the ownership of the common stock of the Utility, and executing and delivering, and performing such SPE’s obligations under all documents, agreements, certificates and instruments, and performing all other acts, that in each case are necessary and appropriate in connection with the ownership of the common stock of the Utility, (ii) the maintenance of its legal existence, (iii) participating in tax, accounting, cash management and other administrative matters as a member of the consolidated group of the Borrower, (iv) incurring fees, costs and expenses relating to overhead including professional fees for legal, tax and accounting issues and paying taxes, (v) providing indemnification to officers and directors, (vi) activities incidental to the consummation of the AltaGas-WGL Merger, including executing and delivering, and performing such SPE’s obligations under all documents, agreements, certificates and instruments executed in connection with the AltaGas-WGL Merger, (vii) from time to time, (A) receiving capital contributions from the Borrower, (B) making capital contributions to the Utility, (C) receiving dividends and other distributions from the Utility, and (D) making distributions to the Borrower, and (viii) engaging in any lawful act or activity and exercising any powers permitted to limited liability companies organized under the laws of the State of Delaware that are related or incidental to and necessary, convenient or advisable for the accomplishment of the above mentioned purposes.”
Sample 1
SPE Covenant. The Seller shall comply with the covenants listed on Annex D of the Credit Agreement.
Sample 1

Related to SPE Covenant

  • Negative Covenant Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

  • Compliance Covenant The Company will not become a party to any Common Stock Change Event unless its terms are consistent with this Section 5.09.

  • Separate Covenants The covenants of Part IX of this Agreement shall be construed as separate covenants covering their particular subject matter. In the event that any covenant shall be found to be judicially unenforceable, said covenant shall not affect the enforceability or validity of any other part of this Agreement. Employee Initials ____

  • NEGATIVE COVENANTS Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that:

  • Interim Covenants During the period from the date of this Agreement and continuing until the Closing, the Seller and the Stockholders each agree (except as expressly contemplated by this Agreement or to the extent that Buyer shall otherwise consents in writing) that:

  • Additional Negative Covenants Not to, without the Bank's written consent:

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