Covenants by the Borrower. Co-Borrower(s) The Borrower/Co-Borrower(s) covenants with the Bank that during the tenor of the Loan:
Covenants by the Borrower. 16.1 During the term of the Loan the Borrower shall:
Covenants by the Borrower. The Borrower hereby covenants and agrees that, on and after the Closing Date, it will:
Covenants by the Borrower. The Borrower covenants with the Lender:
Covenants by the Borrower. 8.1 The Borrower covenants with the Lender that so long as any part of the Loan or any interest due in respect of the Loan is outstanding the Borrower will: (a) carry on its business and undertaking in an efficient and business- like manner and will not make any substantial alteration in the nature of such business; (b) not save with the written consent of the Lender sell or otherwise dispose of the whole or any substantial part of its undertaking or of its assets; (c) not save with the written consent of the Lender make any loan or advance or give any guarantee or provide any credit (other than normal trade credit given in the ordinary course of business); (d) not save with the written consent of the Lender enter into any credit sale loan or hire purchase agreement; (e) not save with the written consent of the Lender subscribe for purchase or otherwise acquire any part of the share capital of another company or any debenture mortgage or other security or obligation of any other company or person. 9.
Covenants by the Borrower. (a) The Borrower hereby represents and warrants to the Bank that (i) it is a duly organised corporation existing in good standing under the Laws of the Cayman Islands, (ii) it is duly qualified to do business wherever necessary to carry on its present operations, (iii) the making and performance of this Debenture is within its powers having been duly authorised by all necessary governmental and corporate approvals and does not contravene any law or any contractual restriction binding on the Borrower or the Memorandum and Articles of Association of the Borrower, (iv) this Debenture is a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, and (v) there are no pending or threatened actions or proceedings before any court or administrative agency which may materially adversely affect the Borrower or its financial conditions and operations.
Covenants by the Borrower. The Borrower undertakes to the Lender that, as from the date of this Agreement until all its liabilities under the Finance Documents have been irrevocably discharged, it will: carry on and conduct its business and activities in a proper and efficient manner, ensure that it is adequately insured at all times, and will not make any change to the general nature or scope of its business as carried on at the date of this Agreement; comply with all conditions required for the effective management of state aid of its entire undertaking, and provide records for the Lender upon request; [return any part of a Loan that constitutes unlawful state aid, promptly upon becoming aware of the same;] act in compliance with any relevant employment legislation, health and safety legislation, and child and vulnerable adult protection legislation (including putting in place appropriate protection or other policies), and ensure that its employment policies and procedures reflects the requirement of equal opportunities in the recruitment and selection process; comply in all material respects with all other applicable laws regulating the Borrower’s activities and operations, including without limitation, prevention of fraud, bribery and facilitation of tax evasion, and ensure that internal systems are in place to prevent fraud, bribery and facilitation of tax evasion and to manage conflicts of interest; procure that any of its unsecured and unsubordinated obligations and liabilities under the Finance Documents rank, and will rank, at least pari passu in right and priority of payments with all its other unsecured and unsubordinated obligations and liabilities, present or future, actual or contingent, except for those obligations and liabilities mandatorily preferred by law; procure that its financial statements are prepared in accordance with generally accepted accounting principles in the UK consistently applied, give a true and fair view of its financial condition and results of operations and that there are no undisclosed liabilities; The Borrower shall not, without the prior written agreement of the Lender: borrow or permit to subsist any borrowing of monies other than those borrowings outstanding as at the date of this Agreement (and agreed with the Lender); grant or permit to subsist any form of mortgage, pledge, lien, or other security over its assets to any third party to secure any borrowings made by the Borrower, except as arising by operation of law; sell or otherwise di...
Covenants by the Borrower. Borrower hereby covenants to Lender that during the continuance of this Agreement, Borrower:
Covenants by the Borrower. For so long as any amount remains outstanding under this Agreement:
Covenants by the Borrower. 5.01 The Borrower hereby covenants with the Bank that during the continuance of this security the Borrower will at all times:
