ADDITIONAL COVENANTS OF GRANTOR Sample Clauses

ADDITIONAL COVENANTS OF GRANTOR. In addition to Grantor's covenants, representations and warranties contained herein or in the Loan Agreement, Grantor covenants that:
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ADDITIONAL COVENANTS OF GRANTOR. Grantor, at its sole cost and expense, (a) shall give Beneficiary at least thirty (30) days prior written notice of (i) if Grantor is an individual, any change in Grantor’s principal residence; (ii) if Grantor is a registered organization as to which the state or other Governmental Authority under which Grantor is organized maintains a public record showing Grantor to have been organized (a "Registered Organization"), any change in the state or Governmental Authority under which Grantor is organized; (iii) if Grantor is an organization which is not a Registered Organization, any change in Grantor’s place of business or chief executive office; and (iv) the acquisition or use of a trade name or style by Grantor; (b) shall promptly notify Beneficiary in writing of any claim, lien, security interest, right, encumbrance or any other occurrence which may be adverse to Beneficiary's security interest in the Personal Property Collateral; (c) shall defend the Personal Property Collateral from all claims, liens, security interests, rights, encumbrances and other matters which are adverse to Beneficiary's security interest in the Personal Property Collateral; (d) shall promptly pay all costs and expenses relating to the purchase, ownership, or use of the Personal Property Collateral, including all liens, taxes, assessments and charges of Governmental Authorities levied, assessed or imposed on all or part of the Personal Property Collateral; (e) shall not sell, transfer, pledge, hypothecate, lease or otherwise dispose of or abandon all or part of the Personal Property Collateral without Beneficiary's prior written consent, except in connection with a Permitted Transfer or for the sale of inventory in the ordinary course of Grantor's business, the disposition of any Personal Property Collateral which is obsolete or which has a de minimus value, and the disposition of any Personal Property Collateral which is promptly replaced with new Personal Property Collateral of substantially comparable value and utility; (f) shall not remove any material part of the Personal Property Collateral which consists of tangible personal property from its location on the Property without Beneficiary's prior written consent, except for the sale of inventory in the ordinary course of Grantor's business, the disposition of any Personal Property Collateral which is obsolete or which has a de minimus value, and the disposition of any Personal Property Collateral which is promptly replaced with...
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ADDITIONAL COVENANTS OF GRANTOR. As long as any of the Indebtedness remains unpaid, Grantor covenants and agrees that:
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Related to ADDITIONAL COVENANTS OF GRANTOR

  • Additional Covenants of the Parties Section 7.1.

  • Additional Covenants The Company covenants and agrees with the Agent as follows, in addition to any other covenants and agreements made elsewhere in this Agreement:

  • Additional Covenants of Tenant If, as result of any application or use by Landlord of all or any part of the Letter of Credit, the amount of the Letter of Credit shall be less than the Letter of Credit Amount, Tenant shall, within five (5) business days thereafter, provide Landlord with additional letter(s) of credit in an amount equal to the deficiency (or a replacement letter of credit in the total Letter of Credit Amount), and any such additional (or replacement) letter of credit shall comply with all of the provisions of this ARTICLE 27, and if Tenant fails to comply with the foregoing, notwithstanding anything to the contrary contained in this Lease, the same shall constitute an Event of Default by Tenant. Tenant further covenants and warrants that it will neither assign nor encumber the Letter of Credit or any part thereof and that neither Landlord nor its successors or assigns will be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance.

  • Additional Covenants of Servicer (a) Unless required by Applicable Law or court order, at the direction of a regulatory authority or, as evidenced by an Opinion of Counsel, in accordance with regulatory guidance, the Servicer will not release the Financed Vehicle securing each such Receivable from the security interest granted by such Receivable in whole or in part except (a) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (b) in connection with the repossession and liquidation of such Financed Vehicle or (c) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

  • Additional Covenants of the Company The Company further covenants and agrees with each Underwriter as follows:

  • Additional Covenants of Stockholder Stockholder hereby covenants and agrees that until the Termination Date:

  • Additional Covenant In Section 4 add a new paragraph as follows:

  • Additional Covenants of the Seller The Seller hereby covenants and agrees with the Depositor as follows:

  • COVENANTS OF GRANTOR For the purpose of further securing the indebtedness secured hereby and for the protection of the security of this Security Deed, for so long as the indebtedness secured hereby or any part thereof remains unpaid, Grantor covenants and agrees as follows:

  • Additional Covenants of the Stockholder The Stockholder hereby covenants and agrees that until the termination of this Agreement:

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