Common use of Covenants of Each Grantor Clause in Contracts

Covenants of Each Grantor. Each Grantor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Term Loans and all other Obligations then due and owing shall have been paid in full in cash and the Commitments shall have terminated or (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:

Appears in 2 contracts

Samples: Term Loan Credit Agreement (RSC Holdings Inc.), Guarantee and Collateral Agreement (RSC Holdings Inc.)

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Covenants of Each Grantor. Each Grantor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Term Loans Loans, and all other Obligations then due and owing shall have been paid in full in cash and the Commitments shall have terminated or (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of eitherthe Borrower) in accordance with the terms of the Credit Agreement:

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Nci Building Systems Inc), Credit Agreement (Nci Building Systems Inc)

Covenants of Each Grantor. Each Grantor covenants and agrees with the Collateral Administrative Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Term Loans Loans, any Reimbursement Obligations, and all other Obligations then due and owing shall have been paid in full in cash cash, no Letter of Credit shall be outstanding and the Commitments shall have terminated terminated, or (ii) as to any Grantor, Guarantor to the date upon which all the Capital Stock of such Grantor Guarantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Sirva Inc), Guarantee and Collateral Agreement (Relocation Management Systems Inc)

Covenants of Each Grantor. Each Grantor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Term Loans and all other Obligations then due and owing shall have been paid in full in cash and the Commitments shall have terminated terminated, or (ii) as to any Grantor, Guarantor to the date upon which all the Capital Stock of such Grantor Guarantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Sirva Inc)

Covenants of Each Grantor. Each Grantor covenants and agrees with the Collateral Administrative Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Term Loans Loans, any Reimbursement Obligations, and all other Obligations then due and owing owing, shall have been paid in full in cash full, no Letter of Credit shall be outstanding and the Commitments shall have terminated or (ii) as to any Grantor, Grantor the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Dynatech Corp)

Covenants of Each Grantor. Each Grantor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the date upon which the Term Loans Loans, any Reimbursement Obligations, and all other Obligations then due and owing shall have been paid in full in cash and the Commitments shall have terminated or (ii) as to any Grantorcash, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:no Letter of

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Atkore Inc.)

Covenants of Each Grantor. Each Grantor covenants and agrees with the Note Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Term Loans Notes and all other Obligations then due and owing shall have been paid in full in cash and the Commitments shall have terminated or (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower Company or a Subsidiary of eitherthe Company) in accordance with the terms of the Credit AgreementIndenture:

Appears in 1 contract

Samples: Collateral Agreement (RSC Equipment Rental, Inc.)

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Covenants of Each Grantor. Each Grantor covenants and agrees with the Collateral Administrative Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Term Loans Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash full, no Letter of Credit shall be outstanding and the Commitments shall have terminated or (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Graphic Packaging Corp)

Covenants of Each Grantor. Each Grantor covenants and agrees with the Collateral Administrative Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of the date upon which (i) the date upon which the Term Loans Loans, any Reimbursement Obligations, and all other Obligations then due and owing shall have been paid in full in cash cash, no Letter of Credit shall be outstanding and the Commitments shall have terminated or and (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:,

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Us Office Products Co)

Covenants of Each Grantor. Each Grantor covenants and agrees ------------------------- with the Collateral Administrative Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Term Loans Loans, any Reimbursement Obligations, and all other Obligations then due and owing owing, shall have been paid in full in cash full, no Letter of Credit shall be outstanding and the Commitments shall have terminated or (ii) as to any Grantor, Grantor the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Dynatech Corp)

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