Buyer’s Negative Covenants Sample Clauses

Buyer’s Negative Covenants. So long as any Obligation is outstanding, Buyer shall not cause or permit Company to: (i) except as contemplated by this Agreement and the Security Agreement, guarantee any obligation of any Person, including any Affiliate; (ii) incur, create or assume any indebtedness other than advances from or other indebtedness to Buyer or such other indebtedness as may be permitted by Buyer’s Senior Indebtedness; (iii) make or permit to remain outstanding any loan or advance to, or own or acquire any stock or securities of, any Person; (iv) to the fullest extent permitted by law, engage in any dissolution, liquidation, consolidation, merger, asset sale or transfer of ownership interests other than such activities as are expressly permitted pursuant to this Agreement; (v) permit its assets to be listed as assets on the financial statement of any other Person; provided, however, that its assets may be included in a consolidated financial statement of its Affiliates, provided that (A) appropriate notation shall be made on such consolidated financial statements to indicate the separateness of it and such Affiliates and to indicate that its assets and credit are not available to satisfy the debts and other obligations of such Affiliates or any other Person and (B) such assets shall be listed on its own separate balance sheet; or (vi) form, acquire or hold any subsidiary (whether corporate, partnership, limited liability company or other).
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Buyer’s Negative Covenants. In connection with the use and enjoyment of the “said Unit” the Buyer shall be obliged:
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Buyer’s Negative Covenants. 10.01 Buyer covenants and agrees that it shall not: (a) grant a security interest in or permit a lien, claim or encumbrance upon any of the Collateral in favor of any Person other than Seller, and shall provide written notice to Seller within ten days of Buyer obtaining any knowledge of the foregoing; (b) permit any levy, attachment or restraint to be made affecting any of its assets; (c) permit any receiver, trustee or assignee for the benefit of Sellers to be appointed to take possession of any or all of its assets; (d) other than in the ordinary course of its business, sell, lease or otherwise dispose of or transfer, whether by sale, merger, consolidation or otherwise, any of its assets; (e) merge or consolidate with any other person or entity; (f) acquire all or any material interest in any other person or entity; (g) enter into any transaction not in the ordinary course of its business; (h) under any circumstances or in any manner whatsoever, interfere with any of Seller's rights under this Agreement.
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Related to Buyer’s Negative Covenants

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

  • 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.

  • 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:

  • NEGATIVE COVENANTS So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrower shall not, nor shall it permit any Subsidiary to, directly or indirectly:

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

  • Negative Covenant Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

  • AFFIRMATIVE COVENANTS Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit shall have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that:

  • Negative Covenants of Seller On and as of the date hereof and each Purchase Date and until this Agreement is no longer in force with respect to any Transaction, Seller shall not without the prior written consent of Buyer:

  • Negative Covenants of the Company Except as expressly contemplated by this Agreement or otherwise consented to in writing by Buyer, from the date of this Agreement until the Effective Time, the Company will not do any of the following:

  • 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:

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