Common use of AFFIRMATIVE COVENANTS OF THE BORROWERS Clause in Contracts

AFFIRMATIVE COVENANTS OF THE BORROWERS. Until such time as all amounts of principal and interest due to the Bank by a Borrower pursuant to any Loan made to such Borrower is irrevocably paid in full, and until the Bank is no longer obligated to make Loans to such Borrower, such Borrower (for itself and on behalf of its respective Funds) agrees:

Appears in 12 contracts

Samples: Facility Agreement (Usaa Mutual Fund Inc), Facility Agreement (Usaa State Tax Free Trust), Facility Agreement (Usaa Tax Exempt Fund Inc)

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AFFIRMATIVE COVENANTS OF THE BORROWERS. Until such time as all amounts of principal interest and interest other sums due to the Bank by a Borrower pursuant to any Loan made to such Borrower for the benefit of the applicable Fund(s) is irrevocably paid in full, and until the Bank is no longer obligated to make Loans to such BorrowerBorrower for the benefit of the applicable Fund(s), such Borrower (for itself and on behalf of its respective FundsFund(s)) severally agrees:

Appears in 10 contracts

Samples: Facility Agreement (Usaa Investment Trust), Facility Agreement (Usaa State Tax Free Trust), Facility Agreement (Usaa Mutual Fund Inc)

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