COVENANTS OF THE SUBORDINATED CREDITORS Sample Clauses

COVENANTS OF THE SUBORDINATED CREDITORS. Each Subordinated Creditor covenants and agrees with the Administrative Agent and the Senior Creditors that so long as this Agreement is in effect it shall not make or permit, any assignment, transfer, pledge or disposition, for collateral purposes or otherwise, of all or any part of the Subordinated Indebtedness; provided that such Subordinated Creditor (or, following the death of such Subordinated Creditor or its beneficiary, as applicable, the executor of such Person’s estate) may transfer all or any part of the Subordinated Indebtedness if (a) the Administrative Agent consents or (b) the transferee is a Subsidiary and acknowledges in writing that it is bound by the terms of this Agreement as if it were originally named as a Subordinated Creditor herein. Any purported assignment, transfer, pledge or disposition, for collateral purposes or otherwise, of all or any part of the Subordinated Indebtedness that does not comply with this Section 7 shall be null and void.
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COVENANTS OF THE SUBORDINATED CREDITORS. Each Subordinated Creditor covenants with the Security Trustee that, until the Senior Discharge Date, it will not, without the prior written consent of the Security Trustee (acting on the instructions of the Senior Creditors):
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COVENANTS OF THE SUBORDINATED CREDITORS. 3.1 The Subordinated Lender hereby covenants with the Trustee (on behalf of and for the benefit of the Holders) that until the Discharge Date it will not, save to the extent permitted by Clause 4 (PROHIBITED PAYMENTS), (i) assign, pledge or otherwise dispose of the Subordinated Liabilities or any part thereof; (ii) purport to set off at any time any amount payable by it to the Company against any amount of the Subordinated Liabilities; and (iii) enforce any of the Subordinated Liabilities.
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COVENANTS OF THE SUBORDINATED CREDITORS. 3.1 The Subordinated Lender hereby covenants that until the Discharge Date it will not, save to the extent permitted by Clause 4 (PERMITTED PAYMENTS) or Clause 5 (ENFORCEMENT) and save as expressly permitted by the Senior Credit Agreement (i) assign, pledge or otherwise dispose of the Subordinated Liabilities or any part thereof (except under Permitted High Yield Security); (ii) purport to set off at any time any amount payable by it to the Company against any amount of the Subordinated Liabilities; and (iii) enforce any of the Subordinated Liabilities if this would lead to the insolvency of the Company according to German law.
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COVENANTS OF THE SUBORDINATED CREDITORS. 3.1 The Subordinated Lender hereby covenants with the Security Agent (on behalf of the Beneficiaries) that until the Discharge Date it will not, save to the extent permitted by Clause 4 (PERMITTED PAYMENTS) or Clause 5 (ENFORCEMENT) and except pursuant to the Assignment Agreement (i) assign, pledge or otherwise dispose of the Subordinated Liabilities or any part thereof; (ii) purport to set off at any time any amount payable by it to the Company against any amount of the Subordinated Liabilities; and (iii) enforce any of the Subordinated Liabilities if this would lead to the insolvency of the Company according to Finnish law.
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Related to COVENANTS OF THE SUBORDINATED CREDITORS

  • Covenants of the Sponsor The Sponsor agrees and covenants for the benefit of each Certificateholder, the Note Insurer and the Owner Trustee, during the term of this Agreement, and to the fullest extent permitted by applicable law, that:

  • Covenants of the Subadviser (a) Subadviser will promptly notify the Trust and Manager in writing of the occurrence of any event which could have a material impact on the performance of its obligations pursuant to this Agreement, including without limitation:

  • Covenants of the Seller The Seller covenants with the Purchaser as follows:

  • Covenants of the Sub-Adviser (a) If at any time during the term of this Sub-Advisory Agreement, the Sub-Adviser discovers any fact or omission, or any event or change of circumstances occurs, which would make the Sub-Adviser’s representations and warranties in Section 8 inaccurate or incomplete in any material respect, or which might render the Disclosure Documents untrue or misleading in any material respect, the Sub-Adviser will provide prompt written notification to the Fund and MassMutual of any such fact, omission, event or change of circumstances, and the facts related thereto.

  • Negative Covenants of the Seller From the date hereof until the Collection Date:

  • Covenants of the Sellers Each Seller, severally and not jointly, covenants with each Underwriter as follows:

  • Negative Covenants of the Seller Parties Until the date on which the Aggregate Unpaids have been indefeasibly paid in full and this Agreement terminates in accordance with its terms, each Seller Party hereby covenants, as to itself, that:

  • Covenants of the Securityholder 1.1 The Securityholder acknowledges and agrees that he, she or it has received a copy of the Merger Agreement and, in particular, has been made aware of the provisions of Article VII of the Merger Agreement

  • Affirmative Covenants of the Seller From the date hereof until the Collection Date:

  • Affirmative Covenants of the Seller Parties Until the date on which the Aggregate Unpaids have been indefeasibly paid in full and this Agreement terminates in accordance with its terms, each Seller Party hereby covenants, as to itself, as set forth below:

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