Positive Covenants definition

Positive Covenants. Save as set out below, it is intended that the Positive Covenants will be on the same terms as and subject to the existing limitations, exceptions and materiality.
View Source
Positive Covenants by these presents, discloses itself to be content and satisfied therewith and further agrees and consents to the punctual fulfillment of all of our obligations in favor of the Bank.
View Source
Positive Covenants. As long as any loans or commitment of the Bank remain outstanding, the Borrower and Genlyte ▇▇▇▇▇▇ Group LLC will :
View Source

Examples of Positive Covenants in a sentence

  • Positive Covenants So long as this Agreement is in force and except as otherwise permitted by the prior written consent of the Majority Lenders, the Borrower will and will cause each other Obligor to: (1) Timely Payment.

  • A floating charge over all the assets of Subco and of each Material Group Entity and any additional Subsidiaries and Associated Partnerships to the extent necessary to meet the 95% test referred to in Positive Covenants (v) below; NB: TCN has confirmed that it will not be necessary for any additional Subsidiaries or Associated Partnerships to accede to the security package in order to meet such 95% test.

  • The Borrower acknowledges that the Facility is uncommitted and is not automatically available upon satisfaction of the terms and conditions, including without limitation the Representations & Warranties, Positive Covenants, Negative Covenants, or Financial Covenants set out herein.

  • Instrument setting out terms of Easements or Profits à Prendre intended to be created or released and of Restrictions on the Use of Land or Positive Covenants intended to be created pursuant to ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇.

  • Positive Covenants Co-Owners to:  pay all taxes and claims which could give rise to liens on Co-Owner’s Interest;  ensure that all future property comprising the Co-Owner’s Interest is charged by the Security Documents and any required Third Party Agreements are obtained in accordance with the Operating Agreement;  maintain insurance coverage on the Co-Owner’s Interest in accordance with the Operating Agreement; and  standard further assurances and covenants.

  • Positive Covenants So long as this Agreement is in force and except as otherwise permitted by the prior written consent of the Majority Lenders, each Borrower will and will cause each other Obligor to: (1) Timely Payment Make due and timely payment of the Obligations required to be paid by it hereunder and under each other Credit Document.

  • Financial Covenants 62 8.2 Positive Covenants 62 8.3 Periodic Reports.

  • The Facility Agent shall promptly send to each Lender a copy of any document received by it under Clause 3 (Conditions Precedent) but the Facility Agent shall not be obliged to check its accuracy or completeness and, if requested by that Lender, copies of all documents received by the Facility Agent under Clause 14 (Financial Information) and Clause 16 (Positive Covenants).

  • The Borrower fails duly to perform or comply with any of the obligations expressed to be assumed by it in Clause 9 (Representations), Clause 10.1 (Information Undertakings), Clause 10.3 (Positive Covenants) or Clause 11 (Negative Undertakings).

  • Guarantors 30 6.2 Representation of the Issuer 30 6.3 Addition of Guarantors 30 6.4 Release of Guarantors 31 7.1 Positive Covenants 32 7.2 Office for Notices, Payments and Registration of Transfer, Etc.