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 earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for any Letter of Credit that has been cash collateralized, or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing Lender) and the Commitments shall have terminated, (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, a Borrower or a Restricted Subsidiary), or any other transaction or occurrence as a result of which such Grantor ceases to be a Restricted Subsidiary, in each case in accordance with the terms of the Credit Agreement or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Hertz Global Holdings, Inc)

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Covenants of Each Grantor. Each Grantor (other than Holdings) covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations Obligations, and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for any Letter Letters of Credit that has have been cash collateralized, collateralized or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing LenderAdministrative Agent) and the Commitments shall have terminated, (ii) as to any Grantor, the date upon which a sale or other disposition of all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, a Borrower to the Borrowers or a Restricted SubsidiarySubsidiary Guarantor), or any other transaction or occurrence as a result of which such Grantor ceases to be a Restricted SubsidiarySubsidiary of the Parent Borrower, in each case in accordance with the terms of that is permitted under the Credit Agreement or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (SiteOne Landscape Supply, 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 earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cashfull, no Letter of Credit shall be outstanding (except for any Letter Letters of Credit that has have been cash collateralized, or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing LenderBank) and the Commitments shall have terminated, (ii) as to any Grantor, the date upon which a sale or other disposition of all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, to a Borrower or a Restricted SubsidiarySubsidiary Guarantor), or any other transaction or occurrence as a result of which such Grantor ceases to be a Restricted SubsidiarySubsidiary of the Parent Borrower, in each case in accordance with the terms of that is permitted under the Credit Agreement or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary:

Appears in 1 contract

Samples: Supplemental Agreement (Mauser Group B.V.)

Covenants of Each Grantor. Each Grantor covenants and agrees with the Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for any Letter Letters of Credit that has have been cash collateralized, or otherwise provided for collateralized in a manner reasonably satisfactory to the applicable Issuing LenderLenders) and the Commitments shall have terminated, (ii) as to any Grantor, the date upon which a sale or disposition of all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, a to the Parent Borrower or a Restricted SubsidiarySubsidiary Guarantor), or any other transaction or occurrence as a result of which such Grantor Guarantor ceases to be a Restricted SubsidiarySubsidiary of the Parent Borrower, in each case in accordance with the terms of that is permitted under the Credit Agreement or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary:.

Appears in 1 contract

Samples: Canadian Guarantee and Collateral Agreement (Herc Holdings 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 earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for any Letter Letters of Credit that has have been cash collateralized, or otherwise provided for collateralized in a manner reasonably satisfactory to the applicable Issuing LenderLenders) and the Commitments shall have terminated, (ii) as to any Grantor, the date upon which a sale or disposition of all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, a to the Parent Borrower or a Restricted SubsidiarySubsidiary Guarantor), or any other transaction or occurrence as a result of which such Grantor ceases to be a Restricted SubsidiarySubsidiary of the Parent Borrower, in each case in accordance with the terms of that is permitted under the Credit Agreement or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Herc Holdings 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 earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for any Letter Letters of Credit that has have been cash collateralized, collateralized or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing Lender) and the Commitments shall have terminated, (ii) as to any Grantorsuch Grantor (other than the Parent), the date upon which a sale or other disposition of all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdingsto the Parent, a Borrower or a Restricted SubsidiarySubsidiary Guarantor), or any other transaction or occurrence as a result of which such Grantor ceases to be a Restricted SubsidiarySubsidiary of the Parent, in each case in accordance with the terms of that is permitted under the Credit Agreement or (iii) as to any Grantorsuch Grantor (other than the Parent), such Grantor being or becoming an Excluded Subsidiary:

Appears in 1 contract

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

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Covenants of Each Grantor. Each Grantor (other than Holdings) covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for any Letter Letters of Credit that has have been cash collateralized, or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing Lender) and the Commitments shall have terminated, (ii) as to any such Grantor, the date upon which a sale or other disposition of all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (other than to a Person other than Holdings, a U.S. Borrower or a Restricted SubsidiaryU.S. Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Grantor ceases to be a Restricted SubsidiarySubsidiary of the Parent Borrower, in each case in accordance with the terms of that is permitted under the Credit Agreement or (iii) as to any such Grantor, such Grantor being or becoming an Excluded Subsidiary:

Appears in 1 contract

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

Covenants of Each Grantor. Each Grantor (other than Holdings) covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for any Letter Letters of Credit that has have been cash collateralized, or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing LenderBank) and the Commitments shall have terminated, (ii) as to any such Grantor, the date upon which a sale or other disposition of all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, a to the Borrower or a Restricted SubsidiarySubsidiary Guarantor), or any other transaction or occurrence as a result of which such Grantor ceases to be a Restricted SubsidiarySubsidiary of the Borrower, in each case in accordance with the terms of that is permitted under the Credit Agreement or (iii) as to any such Grantor, such Grantor being or becoming an Excluded Subsidiary:

Appears in 1 contract

Samples: Cash Flow Guarantee and Collateral Agreement (Nci Building 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 earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations Obligations, and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for any Letter Letters of Credit that has have been cash collateralized, or otherwise provided for collateralized in a manner reasonably satisfactory to the applicable Issuing LenderLenders) and the Commitments shall have terminated, (ii) as to any Grantor, the date upon which a sale or other disposition of all of the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than to Holdings, a the Parent Borrower or a any Restricted Subsidiary), or or, if such Grantor is a Subsidiary of the Parent Borrower, any other transaction or occurrence as a result of which such Grantor ceases to be a Restricted SubsidiarySubsidiary of the Parent Borrower, in each case in accordance with the terms of that is permitted under the Credit Agreement Agreement, or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary:.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Atkore International Group Inc.)

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