THE BORROWER'S COVENANTS. The Borrower does hereby covenant and agree with each Bank that, so long as any of the Obligations remain unsatisfied, it will comply, and it will cause its Subsidiaries to comply, with the following covenants:
THE BORROWER'S COVENANTS. Borrower hereby covenants and agrees with Lender that, so long as any of the Obligations remain unsatisfied, it will comply with the following covenants:
THE BORROWER'S COVENANTS. By its execution of this Agreement, the Borrower hereby covenants that:
i. The Borrower shall make all payments required pursuant to the Credit Agreement in connection with the New Lender Commitments, including the payment of any fees in respect of such New Lender Commitment; and
ii. The Borrower shall deliver or cause to be delivered the legal opinions and documents required pursuant to subsection 2.3.2 of the Credit Agreement.
THE BORROWER'S COVENANTS. The Borrower does hereby covenant and agree with the Bank that, so long as any of the Obligations remain unsatisfied or any commitments hereunder remain outstanding, it will comply at all times with the following covenants:
THE BORROWER'S COVENANTS. 4.1. During the effective term of this Contract, as the shareholder of the Borrower’s Company, the Borrower shall irrevocably promise to cause the Borrower’s Company to:
4.1.1. Abide by all the provisions of the Contract of Exclusive Purchasing Right and the Cooperation Agreement of Exclusive Service strictly and not to take any action or nonfeasance which can affect the above two contracts’ effect and enforceability;
4.1.2. Responding to the Lender’s (or the party appointed by the Lender) request, execute the contract/agreement of service cooperation with the Lender (or the party appointed by the Lender) at any time and make sure the strict performance of this contract/performance;
THE BORROWER'S COVENANTS. The Borrower, and each of the Guarantors, either jointly or severally, hereby covenants and agrees with the Lenders that, so long as any of the Obligations remain unsatisfied, it will comply with the following covenants:
THE BORROWER'S COVENANTS. 5.1 The Borrower agrees:
a. not to remove the Collateral from the Borrower’s residential address (as specified on the front page of this contract) without first notifying Friendly Loans in writing and shall not remove the Collateral from New Zealand without first obtaining Friendly Loans’ written consent;
b. to notify Friendly Loans immediately if the Collateral is taken out of the Borrower’s possession for any reason, and to provide full details of the address (if known) to which the Collateral has been removed;
c. not to dispose of, part with possession of, modify or alter the Collateral except with Friendly Loans’ prior written consent;
d. to immediately advise Friendly Loans in writing of any change of the Borrower’s residential address;
e. to keep the Collateral insured for the maximum insurable value of the Collateral (including replacement value if required by Friendly Loans) against fire, accident, theft and such other risks as Friendly Loans reasonably requires. If required by Friendly Loans, the Borrower must insure the Collateral in the names of the Borrower and Friendly Loans (including Friendly Loans’ assignees) for their respective rights and interests with an insurer approved by Friendly Loans. The Borrower will punctually pay all premiums for the insurance and will (if Friendly Loans requires) deliver the insurance policies and the premium receipts to Friendly Loans. Friendly Loans is entitled to receive all money payable under any of such policies or payable by any other person in respect of damage to or loss of the Collateral. For this purpose, the Borrower assigns, by way of security to Friendly Loans, all of the Borrower’s rights, title and interests in and all benefits relating to such insurance policies, the proceeds thereof and any money otherwise payable by any person in respect of damage to or loss of the Collateral. All money payable under any such insurance policy shall be paid to Friendly Loans and Friendly Loans may apply that money at its sole option either in repairing the Collateral or towards payment of the Loan (whether or not the Loan is due to be paid);
f. not to do or omit to do anything whereby any right of lien or security on the Collateral shall arise;
g. not to permit the Collateral to become affixed to any land or goods without first obtaining an acknowledgement or waiver in such form as Friendly Loans requires, acknowledging Friendly Loans’interest to the Collateral as separate and paramount;
h. to permit Friendly...
THE BORROWER'S COVENANTS. The Borrower covenants to and agrees with the Lenders that, so long as any of the Obligations shall remain unsatisfied or any commitments hereunder remain outstanding, the Borrower will comply, and will cause its Subsidiaries to comply, with the following covenants:
THE BORROWER'S COVENANTS. The Borrower hereby covenants and agrees with the Mortgagee as follows:
THE BORROWER'S COVENANTS. The Borrower covenants and agrees that so long as any Obligations remain unsatisfied, the Borrower will:
(a) use reasonable efforts to defend the Patents and Trademarks against all claims and demands of all persons at any time claiming the same or any interest therein, provided that after an Event of Default only the Agent shall have the right to commence and prosecute any actIon or proceeding necessary to prevent any infringement of the Patents and Trademarks;
(b) comply with all the terms and provisions of this Assignment, the Credit Agreement, the Notes and of all Loan Documents and other documents entered into in connection therewith and herewith;
(c) not sell or offer to sell, assign, license or otherwise transfer, or permit third parties to use, the Patents and Trademarks or any interest therein without the prior written consent of the Agent; provided, however, that the Borrower shall be permitted to license the Patents and Trademarks to a third party so long as such license is not inconsistent with or detrimental to the Agent's interest in the Patents and Trademarks and is in the ordinary course of the Borrower's business;
(d) keep the Patents and Trademarks free from any adverse liens, security interests or encumbrances and will immediately inform the Agent of any such adverse liens, security interests or encumbrances known to it;
(e) upon its using or becoming entitled to the benefit of any after-acquired Patents and Trademarks, it will give written notice to the Agent of the same and said after-acquired Patents and Trademarks shall forthwith be subject to the security interest herein and Exhibit A shall be amended by the Agent to reflect such after-acquired
