Covenants and Agreement. Debtor shall at all times comply with the covenants and agreements contained in this Article IV, from the date hereof and for so long as any part of the Liabilities are outstanding.
Covenants and Agreement. If the Borrower violates, fails or omit to performs or observe any covenant, agreement, condition or other provision contained or referred to in, or any default occurs under, the Loan Documents, and such failure or omission shall not have been fully corrected within thirty (30) days (or such xxxxxxx xxxxx period as may be provided in the particular instrument for the particular default) after the Authority has given written notice thereof to the Borrower.
Covenants and Agreement of the Parties Prior to the Effective Date of the Plan.
Covenants and Agreement. Each Grantor hereby covenants and agrees as follows: (i) It shall, at its own expense, maintain or cause to be maintained, with financially sound and reputable insurers, such public liability insurance, third party property damage insurance, business interruption insurance and casualty insurance with respect to liabilities, losses or damage in respect of the assets, properties and businesses of each Grantor as may customarily be carried or maintained under similar circumstances by Persons of established reputation engaged in similar businesses, in each case in such amounts (giving effect to self-insurance), with such deductibles, covering such risks and otherwise on such terms and conditions as shall be customary for such Persons. Each such policy of insurance issued by an insurer organized or incorporated in the United States shall (x) name the Collateral Agent, on behalf of the Secured Parties as an additional insured thereunder as its interests may appear and (y) in the case of each casualty insurance policy, contain a loss payable clause or endorsement that names the Collateral Agent, on behalf of the Secured Parties, as the loss payee thereunder for, except in the case of losses of inventory, losses of $1,000,000 or greater and provides for at least thirty (30) days’ prior written notice to the Collateral Agent of any cancellation or non-renewal of such policy; (ii) Reimbursement under any liability insurance maintained by any Grantor pursuant to this Section 4.7, may be paid directly to the Person who shall have incurred liability covered by such insurance. In case of any loss involving damage to Equipment or Inventory when subsection 4.7(a)(iii) is not applicable, the applicable Grantor shall make or cause to be made the necessary repairs to or replacements of such Equipment or Inventory granted by such Grantor, and any proceeds of insurance maintained by such Grantor pursuant to this Section 4.7 shall be paid to such Grantor as reimbursement for the costs of such repairs or replacements; (iii) Upon the occurrence and during the continuance of any Event of Default or the actual or constructive total loss of any Equipment or Inventory, all insurance payments in respect of such Equipment or Inventory shall be paid to and applied by the Collateral Agent as specified in Section 7.7 hereof.
Covenants and Agreement. Each Grantor hereby covenants and agrees with the Secured Party that from and after the date of this Agreement until the payment in full of all Secured Obligations that it shall not close or terminate any Deposit Account without the prior consent of the Secured Party (which consent shall not be unreasonably withheld) unless a successor or replacement account has been established with respect to which successor or replacement account such Grantor has taken all actions necessary to comply with the provisions of Section 4.4.4(c).
Covenants and Agreement. The covenants and agreements of Seller to be performed on or before the Closing Date in accordance with this Agreement shall have been performed in all material respects.
Covenants and Agreement. Each Grantor hereby covenants and agrees with the Joint Collateral Agent and each other Secured Party that from and after the date of this Agreement until the payment in full of all Secured Obligations, the cancellation or termination of the Commitments and the cancellation or expiration of all Outstanding Letters of Credit that:
Covenants and Agreement. Each Grantor hereby covenants and agrees with the Secured Party that from and after the date of this Agreement until the payment in full of all Secured Obligations that it shall not close or terminate any Deposit Account (other than ZBA Accounts) without the prior consent of the Secured Party and unless a successor or replacement account has been established with the consent of the Secured Party with respect to which successor or replacement account such Grantor has taken all actions necessary to comply with the provisions of Section 4.4.4(c). The Company hereby covenants and agrees that the Deposit Account numbered 9429354435 held by Fleet National Bank in the name of the Company, shall not, at any time, hold greater than $1,000.00.
Covenants and Agreement. Each Grantor hereby covenants and agrees as follows:
Covenants and Agreement. Each Grantor hereby covenants and agrees with the Collateral Agent and each other Secured Party that from and after the date of this Agreement until the payment in full of all Secured Obligations, the cancellation or termination of the Commitments and the cancellation or expiration of all Outstanding Letters of Credit that: PLEDGE AND SECURITY AGREEMENT 434560-New York Server 3A EXECUTION
