CERTAIN GENERAL COVENANTS Clause Samples
The "Certain General Covenants" clause sets out a series of broad, ongoing promises or obligations that one or both parties must uphold throughout the duration of the agreement. These covenants typically cover fundamental matters such as compliance with laws, maintenance of insurance, or the obligation to act in good faith. For example, a party may be required to maintain all necessary licenses or refrain from actions that would harm the other party's interests. The core function of this clause is to establish baseline standards of conduct and responsibility, thereby reducing the risk of disputes and ensuring the smooth operation of the contractual relationship.
CERTAIN GENERAL COVENANTS. As long as this Agreement is in effect, unless Bank shall otherwise consent in writing, Borrower shall perform and observe the following:
CERTAIN GENERAL COVENANTS. As long as this Agreement is in effect, unless Bank shall otherwise consent in writing, Borrower shall perform and observe the following:
§7.1 Preservation of Existence and Properties, Scope of Business, Compliance with Law, Payment of Taxes and Claims.
(a) Preserve and maintain its corporate existence and all of its other franchises, licenses, rights and privileges, (b) preserve, protect and obtain all Intellectual Property, and preserve and maintain in good repair, working order and condition all other properties, required for the conduct of its business as presently conducted, all in accordance with customary and prudent business practices, (c) engage only in the business in which it is engaged as of the Agreement Date and related businesses that in Bank’s reasonable judgment are closely related thereto, (d) comply with all Applicable Laws (including all Environmental Laws and all racketeer influenced and corrupt organizations law), (e) except to the extent permitted otherwise in §§7.4(a) and 7.4(b), pay or discharge when due all Taxes owing by it or imposed upon its property (for the purposes of this clause, such Taxes shall be deemed to be due on the date after which they become delinquent), and all liabilities which might become a Lien (other than a Permitted Lien) on any of the Collateral, (f) take all action and obtain all Governmental Approvals required so that its obligations under the Credit Documents will at all times be valid and binding and enforceable in accordance with their respective terms, and (g) obtain and maintain all licenses, permits and approvals of Governmental Authorities and as are required for the conduct of its business as presently conducted, except where failure to do any of the foregoing would not have a Material Adverse Effect.
CERTAIN GENERAL COVENANTS. Until the Agreement Termination Date, unless Bank shall otherwise consent in writing, Borrower shall:
CERTAIN GENERAL COVENANTS. The Borrower shall comply, and shall cause each TWN(UK) Entity to comply, with each of the covenants set forth in Sections 6.01(i), 6.01(k), 6.03, 6.04 (but only in respect of each TWN(UK) Entity organized as a Corporation), 6.05, 6.06, 6.07, 6.08 and 6.10 as if such TWN(UK) Entity were a Subsidiary of the Borrower.
CERTAIN GENERAL COVENANTS