COVENANT OF BORROWER Sample Clauses

COVENANT OF BORROWER. The Borrower hereby covenants that during the period of this Agreement:
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
COVENANT OF BORROWER. The Borrower covenants that it will not, without the prior written consent of the Lender, permit the General Partner to agree to amend Section 5.12 of the Partnership Agreement if the effect thereof would be to expand the purposes to which amounts in the G P's Special Reserve would be applied.
Sample 1Sample 2
COVENANT OF BORROWER. Borrower acknowledges and agrees that it has been provided a copy of the Lender’s Senior Working Capital Facility and hereby agrees, in its capacity as a subsidiary and/or affiliate of OGE (for so long as Borrower meets the criteria as such as set forth in the Lender’s Senior Working Capital Facility), to take and cause its subsidiaries and controlled affiliates to take any such actions as are commercially reasonable to comply or facilitate Lender’s compliance with all covenants and undertakings under such agreement (subject to permitted grace periods and notices thereunder) which are applicable to Lender’s subsidiaries and/or affiliates thereunder.
Sample 1
COVENANT OF BORROWER. Borrower covenants and agrees that, upon the commencement of a voluntary or involuntary bankruptcy, insolvency or reorganization proceeding by or against the Borrower, Borrower shall not oppose, or cause any other person or entity to oppose, any request by Secured Party for relief from any automatic stay of the enforcement by Secured Party of any of its rights hereunder or under the Note which may arise in connection with the commencement of any such proceeding. Borrower acknowledges that Secured Party has given consideration for the covenant contained in this Section 7(e) and that Secured Party has agreed to provide additional advances to Borrower in reliance upon the covenant contained in the Section 7(e).
Sample 1
COVENANT OF BORROWER. The Borrower hereby covenants to pay, using funds other than those in the Collection Account as of the date hereof, on or prior to March 24, 2009, to the Lenders, pro rata, an aggregate amount equal to $1,000,000 in immediately available funds, which shall be applied in its entirety to reduce the Advances Outstanding as of such date of payment.
Sample 1
COVENANT OF BORROWER. Borrower shall, at its own expense, make, execute, endorse, acknowledge, file and/or deliver to Lender from time to time such assignments, conveyances, financing statements, transfer endorsements, powers of attorney, certificates, reports and other assurances or instruments and take such further steps relating to the Account and the Account Funds as Lender may reasonably require in order to perfect its security interest in the Account and the Account Funds.
Sample 1
COVENANT OF BORROWER. (a) Borrower covenants and agrees that the existing line of credit between Lockwood Sign Group, Inc. and Branch Bank & Trust in the pxxxxxxxx amount of approximately $2,000,000 will be paid and satisfied in full (including the recording of all documents and instruments necessary to evidence this satisfaction and the release of all collateral), and that all agreements and documents evidencing that line of credit shall be terminated within thirty (30) days of the date of this Amendment. Evidence of the satisfaction of this line of credit and release of all collateral shall be provided to Bank within this thirty (30) day period. Failure to pay off the line of credit, satisfy the same in full, obtain a release of all collateral and terminate all agreements evidencing the line of credit in the thirty (30) day period shall constitute an Event of Default under the Loan Agreement. Bank recognizes the satisfaction of this line of credit is a permitted use of proceeds under Section 2.6 of the Loan Agreement.
Sample 1
AutoNDA by SimpleDocs
COVENANT OF BORROWER. Borrower hereby covenants to cause Hub and each of its Subsidiaries (other than the Subsidiaries which are the primary obligors with respect to the Government Properties Assumed Indebtedness) to become Guarantors under the Loan Agreement by executing and delivering to Agent (with sufficient originally executed copies for each Lender) a document in the form of Exhibit A hereto within five Business Days of the merger of Hub and Government Properties. The parties hereto agree that any default in the observance or performance of this Section 3 shall constitute an Event of Default under Section 7.1(c) of the Loan Agreement.
Sample 1

Related to COVENANT OF BORROWER

  • COVENANTS OF BORROWER Borrower agrees as follows:

  • NEGATIVE COVENANTS OF BORROWER Borrower agrees that so long as it is indebted to Bank, or so long as Bank has any obligation to extend credit to Borrower, it will not, without Bank's written consent:

  • Replacement of Borrower From time to time and subject to the successor Borrower's meeting the eligibility requirements set forth in Section 6.9 of the Intercreditor Agreement applicable to the Subordination Agent, upon the effective date and time specified in a written and completed Notice of Replacement Subordination Agent in substantially the form of Annex VI attached hereto (a "Notice of Replacement Subordination Agent") delivered to the Liquidity Provider by the then Borrower, the successor Borrower designated therein shall be substituted for as the Borrower for all purposes hereunder.

  • Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

  • Condition of Borrower Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower and any other guarantor such information concerning the financial condition, business and operations of the Borrower and any such other guarantor as such Guarantor requires, and that none of the Secured Parties has any duty, and such Guarantor is not relying on the Secured Parties at any time, to disclose to it any information relating to the business, operations or financial condition of the Borrower or any other guarantor (each Guarantor waiving any duty on the part of the Secured Parties to disclose such information and any defense relating to the failure to provide the same).

  • AFFIRMATIVE COVENANTS OF BORROWER Borrower agrees with and covenants unto Lender that until the Loan Obligations have been paid in full, Borrower shall:

  • Condition of Borrowers Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers and any other guarantor such information concerning the financial condition, business and operations of the Borrowers and any such other guarantor as such Guarantor requires, and that none of the Secured Parties has any duty, and such Guarantor is not relying on the Secured Parties at any time, to disclose to it any information relating to the business, operations or financial condition of the Borrowers or any other guarantor (each Guarantor waiving any duty on the part of the Secured Parties to disclose such information and any defense relating to the failure to provide the same).

  • Covenants of the Borrower SECTION 5.01.

  • Condition of Borrower or Guarantor The insolvency, bankruptcy, arrangement, adjustment, composition, liquidation, disability, dissolution or lack of power of Borrower, Guarantor or any other party at any time liable for the payment of all or part of the Guaranteed Obligations; or any dissolution of Borrower or Guarantor, or any sale, lease or transfer of any or all of the assets of Borrower or Guarantor, or any changes in the shareholders, partners or members of Borrower or Guarantor; or any reorganization of Borrower or Guarantor.

  • FINANCIAL 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 obligation to issue, extend or renew any Letters of Credit:

Time is Money Join Law Insider Premium to draft better contracts faster.