Covenants of Financial Corporation
Covenants of Financial Corporation Sample Clauses
Related to Covenants of Financial Corporation
Covenants of Company In the event that any litigation with claims in excess of $1,000,000 to which the Company is a party which shall be reasonably likely to result in a material judgment against the Company that the Company will not be able to satisfy shall be commenced by an Owner, during the period beginning nine months following the commencement of such litigation and continuing until such litigation is dismissed or otherwise terminated (and, if such litigation has resulted in a final judgment against the Company, such judgment has been satisfied), the Company shall not make any distribution on or in respect of its membership interests to any of its members, or repay the principal amount of any indebtedness of the Company held by CFC, unless (i) after giving effect to such distribution or repayment, the Company's liquid assets shall not be less than the amount of actual damages claimed in such litigation or (ii) the Rating Agency Condition shall have been satisfied with respect to any such distribution or repayment. The Company will not at any time institute against the Trust any bankruptcy proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Certificates, the Notes, this Agreement or any of the Basic Documents.
Covenants of Parent Parent agrees that:
Certain Financial Covenants The Borrower will not:
Covenants of Stockholders Each Stockholder hereby covenants and agrees that:
Covenants of the Bank The Bank covenants and agrees with the Underwriters that:
Covenants of the Company The Company covenants with each Underwriter as follows:
Covenants of the Corporation (1) The Corporation covenants and agrees with the Underwriters that:
Provision of Financial Statements The Borrower will send to the Agent:
Covenants of the Companies Each of the Companies covenants with the Underwriters as follows:
Certain Accounting Matters (a) At all times during the existence of the Trust, the Administrative Trustees shall keep, or cause to be kept at the principal office of the Trust in the United States, as defined for purposes of Treasury Regulations section 301.7701-7, full books of account, records and supporting documents, which shall reflect in reasonable detail each transaction of the Trust. The books of account shall be maintained on the accrual method of accounting, in accordance with generally accepted accounting principles, consistently applied.
