ADDITIONAL NEGATIVE COVENANT OF RETAILERS Sample Clauses

ADDITIONAL NEGATIVE COVENANT OF RETAILERS. Until the expiration or termination of the Commitment Period, unless Bank shall otherwise consent in writing, Retailers will not advertise, promote, sponsor, solicit, permit solicitation of, or make available to customers of Retailers or otherwise provide at any Retailer Location any program for open-end or closed-end consumer accounts or any other credit program, credit facility, credit card program, charge program or debit or secured card program or facility which is similar in purpose or effect to this Program (whether open-end, closed-end, private label or third party), other than (i) credit provided in connection with the Program hereunder; (ii) credit provided by generally accepted multi-purpose credit or charge cards such as American Express, Mastercard, Visa and the Discover card or by any generally accepted multi-purpose debit or secured cards (provided that none of the cards referred to in this clause (ii) may be "co-branded", "sponsored" or "co-sponsored" with a Retailer and provided that no Retailer Name or any variation thereof may appear on such cards); (iii) credit provided under a Second Source Program during the Commitment Period to customers who have first applied and been rejected for credit under the Program established by this Agreement; (iv) credit provided on or before June 30, 1997 under the credit program maintained by Retailers as of the date of this Agreement with a third-party provider; and (v) credit for add-on sales provided on or before November 30, 1997 under the credit program maintained by Retailers as of the date of this Agreement with a third-party provider. As used herein, "Second Source Program" shall mean any credit program, credit facility, credit card program, charge program or debit or secured card program or facility which is similar in purpose or effect to this Program (whether open-end, closed-end, private label or third party) offered by a third-party or a Retailer where Bank was first offered the opportunity to provide such program on the same or substantially similar terms and conditions as such third-party is willing to provide.
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ADDITIONAL NEGATIVE COVENANT OF RETAILERS. (a) Except with respect to the Program [***], during the Operation Period, no Retailer shall originate or assist in the origination of any consumer open end credit product that may be used to purchase Goods and/or Services with respect to any individual that such Retailer knows or should know has a postal mailing addresses in the United States or Puerto Rico. For purposes of this Section 8.05(a), “
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Related to ADDITIONAL NEGATIVE COVENANT OF RETAILERS

  • Additional Negative Covenants Not to, without the Bank's written consent:

  • Certain Negative Covenants Each of the Borrowers covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Lender has any obligation to make any Loans or the Administrative Agent has any obligations to issue, extend or renew any Letters of Credit:

  • Additional Affirmative Covenants All affirmative covenants made by the Borrowers or Guarantors or any of them in the Credit Agreement are incorporated herein by reference and are hereby also made by Trustor as to itself and the Trust Property as though such covenants were set forth at length herein as the covenants of Trustor.

  • AFFIRMATIVE AND NEGATIVE COVENANTS The Borrower covenants and agrees that, so long as any Bank has any Commitment hereunder or any Obligations remain unpaid:

  • CERTAIN NEGATIVE COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligations to issue, extend or renew any Letters of Credit:

  • COMPANY'S NEGATIVE COVENANTS Company covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, Company shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7.

  • BORROWER'S NEGATIVE COVENANTS Borrower covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7.

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

  • Certain Additional Covenants (a) If any Pledgor shall, as a result of its ownership of any of the Collateral, become entitled to receive or shall receive any Stock Certificate (including any Stock Certificate issued pursuant to a stock dividend or a distribution in connection with any reclassification or increase or reduction of capital, or any Stock Certificate issued in connection with any reorganization) or any other certificate evidencing any Collateral, such Pledgor shall accept the same as the agent of the Agent, hold the same in trust for the Agent and deliver the same forthwith to the Agent in the exact form received, duly endorsed by such Pledgor to the Agent, if required, together with an undated stock power covering such Stock Certificate or other certificate duly executed in blank by such Pledgor and with, if the Agent so requests, signature guaranteed, to be held by the Agent, subject to the terms hereof, as additional Collateral. Any sums paid upon or in respect of the Pledged Equity Interests upon the liquidation or dissolution of any Subsidiary shall be paid over to the Agent to be held as additional Collateral. In case any distribution of capital shall be made on or in respect of the Pledged Equity Interests or any property shall be distributed upon or with respect to the Pledged Equity Interests pursuant to the recapitalization or reclassification of the capital of the Pledgor or any Subsidiary or pursuant to the reorganization thereof, as applicable, the capital or property so distributed shall be delivered to the Agent to be held as additional Collateral. If any such capital or property so paid or distributed shall be received by any Pledgor, such Pledgor shall, until such capital or property is paid or delivered to the Agent, hold such money or property in trust for the Agent, segregated from other funds of such Pledgor, as additional Collateral.

  • CERTAIN AFFIRMATIVE COVENANTS The Company or, to the extent required hereunder, any Subsidiary should fail to perform or comply with Sections 9(A) through 9(H)(2), 9(H)(6) through 9(H)(8) or any reporting covenant set forth in any Supplement hereto, and such failure continues for 15 days after written notice thereof shall have been delivered by Agent to the Company.

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