Common use of Covenants in Credit Agreement Clause in Contracts

Covenants in Credit Agreement. In the case of each Grantor other than the Borrower, such Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii)

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Covenants in Credit Agreement. In the case of each Grantor other than the BorrowerSubsidiary Grantor, such Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its Subsidiaries.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Mips Technologies Inc), Security Agreement (Mips Technologies Inc)

Covenants in Credit Agreement. In the case of each Grantor other than the BorrowerGrantor, such Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its Subsidiariesthe Credit Parties.

Appears in 1 contract

Samples: Pledge and Security Agreement (L 3 Communications Holdings Inc)

Covenants in Credit Agreement. In the case of each Grantor other than the BorrowerGrantor, such Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its the Restricted Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Doane Pet Care Co)

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Covenants in Credit Agreement. In the case of each Grantor other than the BorrowerGrantor, such Grantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or any of its Subsidiaries.

Appears in 1 contract

Samples: Collateral Agreement (Ifco Systems Nv)

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