GENERAL COVENANTS definition

GENERAL COVENANTS. The Borrower will:
Sample 1
GENERAL COVENANTS is amended by:
Sample 1
GENERAL COVENANTS means the covenants, agreements, and obligations contained in Article VI, but excluding Section 6.1, Section 6.2 and Section 6.8.
Sample 1

Examples of GENERAL COVENANTS in a sentence

  • THE PROPERTY IS SUBJECT TO A RIGHT OF FIRST REFUSAL IN FAVOR OF KIAWAH RESORT ASSOCIATES, L.P. (“KRALP”) PURSUANT TO ARTICLE II, PARAGRAPH 12 OF THE KIAWAH GENERAL COVENANTS RECORDED IN BOOK M114, PAGE 406 IN THE ROD OFFICE, AS AMENDED.

  • Article 9 Representations and Warranties 36 ARTICLE V GENERAL COVENANTS 36 SECTION 5.01.

  • THE PROPERTY IS SUBJECT TO A RIGHT OF FIRST REFUSAL IN FAVOR OF KIAWAH RESORT ASSOCIATES, L.P. (“KRALP) PURSUANT TO ARTICLE II, PARAGRAPH 12 OF THE KIAWAH GENERAL COVENANTS RECORDED IN BOOK M114, PAGE 406 IN THE ROD OFFICE, AS AMENDED.

  • GENERAL COVENANTS 29 Section 6.1. Payment of Principal and Interest 29 Section 6.2. Performance of Covenants 29 Section 6.3. Filing of Indenture, Financing Agreement and Security Instruments 30 Section 6.4. Inspection of Books 30 Section 6.5. List of Bondholders 30 Section 6.6. Rights Under Financing Agreement 30 Section 6.7. Investment of Funds 30 Section 6.8. Non-presentment of Bonds 31 Section 6.9. Direction of Bondholders 31 Section 6.10.

  • Article 9 Representations and Warranties 36 ARTICLE V GENERAL COVENANTS 37 SECTION 5.01.

  • Representations and Warranties of the Servicer 68 ARTICLE V GENERAL COVENANTS 71 SECTION 5.01.

  • Company’s Offer to Purchase 51 ARTICLE IV GENERAL COVENANTS 52 Section 4.01.

  • GENERAL COVENANTS 54 4.01 Acceptance of Construction Documents; Completion of Construction 54 4.02 Construction Progress 55 4.03 Purchase of Materials Under Conditional Sales Contract 56 4.04 Inspection; Independent Engineer 57 4.05 Right to Post Signs; Publicity 58 4.06 Liens, Taxes, and Governmental Claims 58 4.07 Facility Lease 60 4.08 Operations of Borrower 61 4.09 Appraisals 64 4.10 Operating and Reserve Accounts 64 4.11 Prohibited Distributions 64 4.12 Compliance with Legal Requirements.

  • GENERAL COVENANTS 22 Section 6.1. Payment of Principal 22 Section 6.2. Performance of Covenants 22 Section 6.3. Filing of Indenture and Security Instruments 23 Section 6.4. List of Expenditure Agreement Owners 23 Section 6.5. Rights Under Financing Agreement 23 Section 6.6. Investment of Funds 23 Section 6.7. Non-presentment of Expenditure Agreement 23 ARTICLE VII.

  • GENERAL COVENANTS 25 Section 6.1. Payment of Principal and Interest 25 Section 6.2. Performance of Covenants 25 Section 6.3. Ownership; Instruments of Further Assurance 26 Section 6.4. Filing of Indenture, Financing and Loan Agreement and Security Instruments 26 Section 6.5. Inspection of Books 26 Section 6.6. List of Bondholders 26 Section 6.7. Rights Under Financing and Loan Agreement 26 Section 6.8. Investment of Funds 26 Section 6.9. Non-presentment of Bonds 27 Section 6.10.


More Definitions of GENERAL COVENANTS

GENERAL COVENANTS. The Borrower and each member of the Group (if applicable), subject to agreed carve outs and agreed materiality qualifiers, will agree to the following undertakings:
Sample 1

Related to GENERAL COVENANTS

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).

  • Financial Covenant has the meaning specified in Section 7.08.

  • Environmental covenant means a servitude arising under an environmental response project that imposes activity and use limitations.

  • Negative Covenants The Postpetition Financing Documents shall contain negative covenants of the Borrower acceptable to the Lender.

  • Maintenance Covenant A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, that exists regardless of whether or not such borrower has taken any specified action and includes a covenant that applies only when the related loan is funded.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Financial Covenant Debt of any Person means Indebtedness of the type specified in clauses (a), (b), (d), (e), (f) and (h) of the definition of “Indebtedness,” non-contingent obligations of the type specified in clause (c) of such definition and Guaranty Obligations of any of the foregoing.

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Minimum Essential Coverage has the meaning given in the Affordable Care Act, 26 U.S.C. §5000A(f).

  • Affirmative Covenants The following affirmative covenants, among others, if any, to be negotiated in the Senior Facilities Documentation, will apply (to be applicable to the Borrower and its restricted subsidiaries), subject to customary (consistent with the Documentation Precedent) and other baskets, exceptions and qualifications to be agreed upon: maintenance of corporate existence and rights; performance and payment of obligations; delivery of annual and quarterly consolidated financial statements (accompanied by customary management discussion and analysis and (annually) by an audit opinion from nationally recognized auditors that is not subject to any qualification as to scope of such audit or going concern) (other than solely with respect to, or resulting solely from an upcoming maturity date under any series of indebtedness occurring within one year from the time such opinion is delivered) (with extended time periods to be agreed for delivery of the first annual and certain quarterly financial statements to be delivered after the Closing Date) and an annual budget (it being understood that the public REIT reporting that includes the Borrower shall satisfy the Borrower’s reporting obligations so long as it includes a consolidating income statement and balance sheet for the Borrower); delivery of notices of default and material adverse litigation, ERISA events and material adverse change; maintenance of properties in good working order; maintenance of books and records; maintenance of customary insurance; commercially reasonable efforts to maintain ratings (but not a specific rating); compliance with laws; inspection of books and properties; environmental; additional guarantors and additional collateral (subject to limitations set forth under the captions “Guarantees” and “Security”); further assurances in respect of collateral matters; use of proceeds; and payment of taxes.

  • Service Level Agreements means an agreement between NZX and a Market Participant and/or an Advisor setting out the terms and conditions of use of NZX technology and services;

  • Covenant Compliance Worksheet means a fully completed worksheet in the form of Attachment A to Exhibit C.

  • General Conditions means the “International Development Association General Conditions for Credits and Grants”, dated July 1, 2005 (as amended through October 15, 2006).

  • Service Level Agreement or SLA means the processes, deliverables, key performance indicators and performance standards relating to the Services to be provided by the Service Provider;

  • Service Level Agreement (SLA) means the Contractual Commitment that prevails between the Buyer and the Service Provider with regard to type of service to be provided, deliverables, desired performance level, reliability and responsiveness, monitoring process and service level reporting, response and issue resolution time-frame, repercussions / penalties / remedies for service provider not meeting its commitment. The SLA of a particular contract may carry the matrix regarding the delivery of the goods and/or services and the corresponding penalties or remedies and liquidated damages as applicable.

  • Debt Service Requirement means, as of any date of calculation with respect to the Bonds, the sum of (i) all interest due or to become due on such date on all Outstanding Bonds plus (ii) all Principal Installments due or to become due on such date on all Outstanding Bonds or, if no Principal Installment is due and payable on such date on any Outstanding Bonds, one- half of the Principal Installments, if any, due and payable on all Outstanding Bonds on the next succeeding Interest Payment Date.

  • Debt Service Requirements means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers.

  • Terms & Conditions means the Special Conditions of Contract and General Conditions of Contract herein mentioned and other stipulations incorporated in any part of Tender Document and /or Agreement.

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Basic Lease Provisions means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

  • Covenant Compliance Certificate means a properly completed and executed Covenant Compliance Certificate substantially in the form of Exhibit X hereto.

  • Terms-of-service agreement means an agreement that controls the relationship between a user and a custodian.

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Replacement Capital Covenant has the meaning specified in the introduction to this instrument.