Common use of Client Joint Ventures Clause in Contracts

Client Joint Ventures. Neither Borrower nor any Subsidiary of Borrower will enter into or create any Client Joint Venture unless (i) Borrower shall give Lender no less than ten (10) days advance notice in writing that it intends to create or acquire a Client Joint Venture, (ii) the equity interests of such Client Joint Venture that are owned by Borrower or a Subsidiary of Borrower are pledged to Lender pursuant to a Pledge Agreement in accordance with the provision of Section 6.19, (iii) all agreements, documents and due diligence materials related to such Client Joint Venture are delivered to Lender, and (iv) after such Client Joint Venture, Borrower is in compliance with the financial covenants contained in Section 7.6.

Client Joint Ventures. Neither Borrower nor any Subsidiary of Borrower will enter into or create any Client Joint Venture unless (i) Borrower shall give Lender no less than ten (10) days advance notice in writing that it intends to create or acquire a Client Joint Venture, (ii) the equity interests of such Client Joint Venture that are owned by Borrower or a Subsidiary of Borrower are pledged to Lender pursuant to a Pledge Agreement in accordance with wiht the provision of Section 6.19, and (iii) all agreements, documents and due diligence materials related to such Client Joint Venture are delivered to Lender, and (iv) after such Client Joint Venture, Borrower is in compliance with the financial covenants contained in Section 7.6.