Affirmative Covenants of Loan Parties Clause Samples
The "Affirmative Covenants of Loan Parties" clause requires the borrower and any related parties to take specific actions or maintain certain standards throughout the term of a loan agreement. Typically, these covenants obligate the loan parties to provide regular financial statements, maintain insurance, comply with applicable laws, and preserve the existence of their business. By setting these ongoing obligations, the clause ensures that the lender has transparency and assurance regarding the borrower's financial health and operational stability, thereby reducing the lender's risk and promoting responsible management.
Affirmative Covenants of Loan Parties. From the date hereof until the Final Payout Date, unless each of the Co-Agents shall otherwise consent in writing:
Affirmative Covenants of Loan Parties. Borrower and the other Loan Parties (as applicable) covenant and agree that, so long as any Loan or other Obligation (other than contingent indemnification obligations for which no claim has been asserted) is outstanding or any Lender has any obligation to make any Loans hereunder:
Affirmative Covenants of Loan Parties. Until the Final Payout Date:
Affirmative Covenants of Loan Parties. 76 §8.CERTAIN NEGATIVE COVENANTS OF LOAN PARTIES 88 §▇.▇▇▇▇▇▇▇▇▇ COVENANTS OF BORROWER 103 §10.INTENTIONALLY OMITTED 104
Affirmative Covenants of Loan Parties. Until payment in full and the performance of all of the Obligations hereunder, each Loan Party shall:
Affirmative Covenants of Loan Parties. 7.1 Punctual Payment. 43 §7.2 Maintenance of Office. 44 §7.3 Records and Accounts. 44 §7.4 Financial Statements, Certificates and Information. 44 §7.5 Notices. 45 §7.6 Existence; Maintenance of Properties. 47 §7.7 Insurance. 47 §7.8 Taxes. 48 §7.9 Inspection of Eligible Assets and Books. 48 §7.10 Compliance with Laws, Contracts, Licenses, and Permits. 49 §7.11 Further Assurances. 49 §7.12 Plan Assets. 49 §7.13 Registered Servicemark. 49
Affirmative Covenants of Loan Parties. From the date hereof until the Final Payout Date, unless the Administrative Agent shall otherwise consent in writing: