BORROWER'S NEGATIVE COVENANTS Sample Clauses
The Borrower's Negative Covenants clause restricts the borrower from engaging in certain actions or behaviors during the term of a loan or credit agreement. Typically, these covenants prohibit activities such as incurring additional debt, selling key assets, or making significant changes to the business structure without the lender's consent. By imposing these limitations, the clause helps protect the lender's interests by reducing the risk of the borrower's financial position deteriorating, thereby ensuring the borrower's ability to repay the loan.
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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.
BORROWER'S NEGATIVE COVENANTS. Borrower covenants that until all of the Obligations are paid and satisfied in full and the Revolving Credit has been terminated, that:
BORROWER'S NEGATIVE COVENANTS. So long as any of the Commitments shall be available and until full, complete and indefeasible payment and performance of the Obligations, unless Requisite Lenders shall otherwise consent in writing, Borrower covenants and agrees as follows:
BORROWER'S NEGATIVE COVENANTS. Until payment in full of the Loan and unless Lender shall otherwise consent in writing, Borrower will not perform or permit to be performed any of the following acts:
BORROWER'S NEGATIVE COVENANTS. Each Borrower covenants that until all of Borrowers' Obligations to Lenders are paid and satisfied in full and the Credit Facility has been terminated, that:
BORROWER'S NEGATIVE COVENANTS. Borrowers covenant and agree that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all Obligations unless Requisite Lenders shall otherwise give prior written consent, Borrowers shall perform, and shall cause each of their Subsidiaries to perform, all covenants in this Section 6.
BORROWER'S NEGATIVE COVENANTS. Borrower covenants that until all of the Obligations are paid and satisfied in full and, that:
BORROWER'S NEGATIVE COVENANTS. Until all obligations of Borrower under this Agreement and the other Loan Documents are paid in full and performed, Borrower covenants and agrees that it shall not, unless the Lender otherwise consents in advance in writing:
BORROWER'S NEGATIVE COVENANTS. From the date hereof until payment and performance in full of all obligations of Borrower under the Loan Documents or the earlier release of the Liens of all Mortgages encumbering each of the Properties in accordance with the terms of this Agreement and the other Loan Documents, Borrower covenants and agrees with Lender that it will not do, directly or indirectly, any of the following:
BORROWER'S NEGATIVE COVENANTS. Borrower covenants and agrees from the date hereof and until payment in full of the principal of and interest on the Note, and all other indebtedness to the Lender under this Agreement, unless the Lender shall otherwise consent in writing, which will not be unreasonably withheld or delayed, it will not, either directly or indirectly: