The Borrower also covenants Sample Clauses

The Borrower also covenants. (1) to pay before the same become delinquent (and to provide, by such time, evidence of such payment, satisfactory to the holder) all real estate taxes on the Property and/or Leased Premises as required by the Lease; and to pay before the same become delinquent (and to provide, by such time, evidence of such payment, satisfactory to the holder) all other taxes, charges, sewer use fees, water rates and assessments of every name and nature, whether or not assessed against the Borrower, if applicable or related to the Property, or any interest therein, or the debt, obligation or any agreement secured hereby, or the disbursement or the application or the proceeds thereof in the case of each of the foregoing, unless they are being contested in good faith as provided in the next sentence. The Borrower shall have the right to contest the validity, applicability or amount of any asserted tax provided that, in the Lender's sole discretion exercised in good faith, such contest will not impair the validity or priority of the lien of this Mortgage and provided that the full amount of such tax is either paid to the taxing authority under protest or escrowed with the Lender;
Sample 1
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Related to The Borrower also covenants

  • BORROWER COVENANTS Borrower covenants and agrees that:

  • 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:

  • BORROWER'S NEGATIVE COVENANTS Borrower covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7.

  • Borrower Negative Covenants Borrower covenants and agrees with Lender that:

  • Credit Agreement Covenants Each Guarantor shall observe, perform and comply with all covenants applicable to such Guarantor set forth in Articles VI and VII of the Credit Agreement, which by their terms the Borrowers are required to cause such Guarantor to observe, perform and comply with, as if such covenants were set forth in full herein.

  • FINANCIAL COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligation to issue, extend or renew any Letters of Credit:

  • BORROWER'S AFFIRMATIVE COVENANTS Each Borrower covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, such Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 6.

  • Covenants of the Borrowers SECTION 5.01.

  • Covenants of the Borrower SECTION 5.01.

  • CERTAIN NEGATIVE COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligations to issue, extend or renew any Letters of Credit:

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