Special Guarantor Covenants Sample Clauses

Special Guarantor Covenants. The Guarantors hereby (i) reaffirm their guaranty of the due and punctual payment of the Obligations (as defined in the Guaranty) when the same come due (whether before or after the Borrower Forbearance Termination Date) pursuant to the Guaranty, (ii) reaffirm their covenants and agreements in Section 2.11 of the Guaranty (to which they shall be bound both before and after the Borrower Forbearance Termination Date), and (iii) covenant and agree (without limiting the generality of the foregoing) at all times on and after the Borrower Forbearance Termination Date to perform and comply with all terms, covenants and agreements contained in this Forbearance Agreement and Articles II and III of the Credit Agreement directly applicable to the Borrower as if the same were directly applicable to the Guarantors.
Sample 1
AutoNDA by SimpleDocs
Special Guarantor Covenants. The Guarantors hereby (i) reaffirm their guaranty of the due and punctual payment of the Obligations (as defined in the Guaranty) when the same come due (whether before or after the Petition Filing Date) pursuant to the Guaranty, (ii) reaffirm their covenants and agreements in Section 2.11 of the Guaranty (to which they shall be bound both before and after the Petition Filing Date), and (iii) covenant and agree (without limiting the generality of the foregoing) at all times on and after the Petition Filing Date to perform and comply with all terms, covenants and agreements contained in this Second Forbearance Agreement and Articles II, III and X of the Credit Agreement directly applicable to the Borrower as if the same were directly applicable to the Guarantors (which are incorporated herein mutatis mutandi as if set forth herein in their entirety). Past Enterprises, for its part, hereby covenants and agrees (without limiting the generality of the foregoing) to perform all obligations of the Borrower described in Sections 3(a), (c) and (d) of the Security Agreement (and similar obligations of the Borrower in other Collateral Documents) as if the same were directly applicable to Past Enterprises.
Sample 1

Related to Special Guarantor Covenants

  • Guarantor Covenants Each Guarantor shall take such action as the Borrower is required by this Agreement to cause such Guarantor to take, and shall refrain from taking such action as the Borrower is required by this Agreement to prohibit such Guarantor from taking.

  • Guarantor’s Covenants Each Guarantor covenants and agrees that from the date hereof and until payment in full of all indebtedness and performance of all obligations owed under the Loan Documents, Guarantor shall:

  • Director Covenants Director agrees that for a period of two (2) years from the Effective Time, Director shall not, directly or indirectly, individually or as an employee, partner, officer, director, promoter or shareholder or in any other capacity whatsoever, except in the performance of customary legal, accounting, insurance, or investment or investment management services as performed at the time of execution of the Agreement or of a similar nature:

  • Grantor's Covenants The Grantor covenants that it shall:

  • Debtor’s Covenants Until the Obligations are paid in full, Debtor agrees that it will:

  • Pledgor’s Covenants The Pledgor represents, covenants and warrants that unless compliance is waived by the Bank in writing:

  • Vendor’s Covenants The Vendor will have performed and complied with all agreements, covenants and conditions as required by this Agreement.

  • Borrower’s Covenants 3.1 As and when he becomes, and for so long as he remains a shareholder of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower shall cause Borrower Company:

  • Subsidiary Covenants The Borrower will not, and will not permit any Subsidiary to, create or otherwise cause to become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary to pay dividends or make any other distribution on its stock, or make any other Restricted Payment, pay any Indebtedness or other Obligation owed to the Borrower or any other Subsidiary, make loans or advances or other Investments in the Borrower or any other Subsidiary, or sell, transfer or otherwise convey any of its property to the Borrower or any other Subsidiary.

  • Lessor's Covenants The Lessor covenants and agrees that, unless the Agent and the Lenders shall have otherwise consented in writing:

Time is Money Join Law Insider Premium to draft better contracts faster.