AFFIRMATIVE COVENANTS OF THE CREDIT PARTIES Clause Samples
The "Affirmative Covenants of the Credit Parties" clause requires the borrowers or credit parties to undertake and maintain certain actions or standards throughout the duration of a credit agreement. These obligations typically include maintaining proper financial records, complying with applicable laws, providing regular financial reports to the lender, and preserving the value of collateral. By setting out these ongoing duties, the clause ensures that the lender has assurance of the credit parties' financial health and compliance, thereby reducing the lender's risk and promoting transparency during the loan term.
AFFIRMATIVE COVENANTS OF THE CREDIT PARTIES. So long as the Lenders have any commitment to lend hereunder to a related Fund Group, and until payment and performance in full of the Obligations of such Fund Group (other than contingent reimbursement and indemnification obligations not then due) under this Credit Agreement and the other Loan Documents, each Borrower in such Fund Group agrees that:
AFFIRMATIVE COVENANTS OF THE CREDIT PARTIES. So long as the Lenders have any commitment to lend hereunder or to cause the issuance of any Letters of Credit hereunder, and until payment and performance in full of the Obligations (other than unasserted claims for indemnification or expense reimbursement) under this Credit Agreement and the other Loan Documents, each Credit Party party hereto, as to itself and no other Credit Party, agrees that:
AFFIRMATIVE COVENANTS OF THE CREDIT PARTIES. Until all Obligations terminate or are paid and satisfied in full, and for so long as the Company is entitled to receive any Advance or the issuance of a Letter of Credit or any Letter of Credit Exposure exists, each of the Credit Parties shall strictly observe, and shall cause each of their respective Subsidiaries and each Guarantor to observe, the following covenants:
AFFIRMATIVE COVENANTS OF THE CREDIT PARTIES. Until the full and final payment and performance of the Obligations and the termination of this Agreement, each of the Credit Parties shall, unless Lender otherwise consents in writing (which consent Lender may grant or withhold in its sole discretion), perform all covenants in this Article 7.
AFFIRMATIVE COVENANTS OF THE CREDIT PARTIES. The Credit Parties hereby covenant and agree that on the Initial Closing Date, and thereafter for so long as any Operative Agreement is in effect and until the Commitments have terminated, the Loans and the Lessor Advances are paid in full, all amounts accrued or due and owing from any Credit Party pursuant to any Operative Agreement have been paid in full and the Liens evidenced by the Security Documents have been released, each Credit Party shall, and shall cause each of the GCA Subsidiaries (other than in the case of Sections 8A.1, 8A.2 or 8A.7 hereof), to:
AFFIRMATIVE COVENANTS OF THE CREDIT PARTIES. Section 8.1 Financial Statements, Reports and Notices 65 Section 8.2 Payment of Obligations 67 Section 8.3 Maintenance of Existence and Rights 68 Section 8.4 Operations and Properties 68 Section 8.5 Books and Records; Access 68 Section 8.6 Compliance with Law 68 Section 8.7 Insurance 68 Section 8.8 Authorizations and Approvals 68 Section 8.9 Maintenance of Liens 68 Section 8.10 Further Assurances 68 Section 8.11 Maintenance of Independence 69 Section 8.12 Taxes 69 Section 8.13 Compliance with Constituent Documents 69 Section 8.14 Investor Default 69 Section 8.15 Collateral Account 69 Section 8.16 Compliance with Anti-Money Laundering Laws and Anti-Corruption Laws 69 Section 8.17 Solvency 70 Section 8.18 [Reserved] 70 Section 8.19 [Reserved]. 70 Section 8.20 Compliance with Sanctions 70 Section 8.21 Electronic Access to Collateral Account. 70 Section 9.1 Credit Party Information 70 Section 9.2 Mergers, Etc. 70 Section 9.3 Limitation on Liens 70 Section 9.4 Fiscal Year and Accounting Method 70 Section 9.5 Transfer of Interests; Admission of Investors 70 Section 9.6 Constituent Documents 71 Section 9.7 [Reserved] 72 Section 9.8 Limitation on Investor Withdrawals 72 Section 9.9 Transfers of Capital Commitments 72 Section 9.10 Limitation on Indebtedness 72 Section 9.11 Capital Commitments 72 Section 9.12 Drawdowns 72 Section 9.13 ERISA Compliance 72 Section 9.14 Dissolution 73 Section 9.15 Environmental Matters 73 Section 9.16 Limitations on Distributions 73 Section 9.17 Limitation on Withdrawals of Funds 73 Section 9.18 [Reserved] 73 Section 9.19 Limitations of Use of Loan Proceeds 73 Section 9.20 Transactions with Affiliates 73 Section 9.21 Collateral Accounts 74 Section 9.22 Deemed Capital Contributions 74 Section 9.23 Sanctions 74 Section 9.24 Exchange Listing 74 Section 9.25 Drawdowns 74
AFFIRMATIVE COVENANTS OF THE CREDIT PARTIES. So long as the Lenders have any commitment to lend hereunder or to cause the issuance of any Letters of Credit hereunder, and until payment and performance in full of the Obligations under this Credit Agreement and the other Loan Documents (other than contingent obligations for which no claim has yet been made), the Guarantor, with respect to Sections 8.1(m), 8.1(n), 8.3, 8.6, 8.8, 8.11, 8.15, 8.16, 8.17, 8.18, 8.21, 8.22 and 8.23 only, and each Borrower agrees that:
AFFIRMATIVE COVENANTS OF THE CREDIT PARTIES. So long as Lender has any commitment to lend or to cause the issuance of Letters of Credit hereunder, and until payment in full of the Obligations, each Borrower Party agrees that:
AFFIRMATIVE COVENANTS OF THE CREDIT PARTIES. Each Credit Party covenants and agrees that so long as the Letter of Credit shall be outstanding, and until payment in full of the Obligation and termination of the Letter of Credit Commitment, each Credit Party will (unless such Credit Party receives prior written consent to the contrary from the Administrative Agent as authorized by the Determining Lenders), and always limited to the applicable Credit Party or the business of the applicable Credit Party rendering the covenant:
AFFIRMATIVE COVENANTS OF THE CREDIT PARTIES. So long as any principal of or interest on or any other Obligation (whether or not due), other than indemnification obligations for which no claim has been asserted, shall remain unpaid, the Issuer will, and will cause each of its Subsidiaries to, unless the Requisite Noteholders shall otherwise consent in writing: