Covenant Parent definition

Covenant Parent means (1) if the direct parent entity of Dell is a Guarantor, such direct parent entity, (2) if Dell is, but none of its direct or indirect parent entities are, a Guarantor, Dell or (3) if neither Dell nor any of its direct or indirect parent entities are Guarantors, each Issuer.
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Covenant Parent means, at the Issue Date, SKA and, from the Post-Completion Accession Date, Smurfit WestRock.
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Examples of Covenant Parent in a sentence

  • As a result, the Securityholder hereby acknowledges and agrees that, in the event of any breach or threatened breach of this Covenant, Parent shall be entitled not only to damages or other relief at law, but also to seek equitable relief to enforce the breached obligations, including, without limitation, preliminary and permanent injunctive relief (including temporary restraining orders).

  • If required by Section 4.15, Covenant Parent shall cause any of its Domestic Subsidiaries that is a Wholly-Owned Subsidiary (other than the Issuers, the Guarantors, a Receivables Subsidiary or a Credit Facilities Unrestricted Subsidiary) to comply with the provisions of Section 4.15 and this Article 10, to the extent applicable.

  • Covenant Parent shall pay, and shall cause each of the other Covenant Parties to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate negotiations or proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes.

  • Covenant Parent will be required to deliver to the Trustee, within 120 days after the end of each fiscal year of Covenant Parent, an Officer’s Certificate indicating whether the signer of the certificate knows of any failure by the Covenant Parties to comply with all conditions and covenants of this Indenture during such fiscal year.

  • The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any Subsidiary of Covenant Parent as a party to this Agreement.

  • At the request of the Administrative Agent, concurrently with any determination of pro forma compliance with any Financial Covenant, Parent shall deliver to the Administrative Agent, a certificate of a Financial Officer setting forth reasonably detailed calculations demonstrating such compliance.

  • Upon execution and delivery by the Notes Collateral Agent and such Subsidiary of Covenant Parent of a Supplement, any such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as such herein.

  • Pursuant to the Indenture, additional Subsidiaries of Covenant Parent may or may be required to become Grantors after the date hereof.

  • The rights of TFS under the Guaranty shall be in addition to, and shall not supersede or modify, the rights of TFS under any guaranty previously given by the Covenant Parent or any subsidiary thereof, and any such other guaranty shall remain in full force and effect in accordance with its terms.

  • In addition, in the event that a Subject Lien is or becomes a Permitted Lien, Covenant Parent may, at its option and without consent from any Holder of the applicable series of Notes, elect to release and discharge any Lien created for the benefit of the Holders of any series of Notes pursuant to Section 4.12(a) in respect of such Subject Lien.