Common use of Credit Party Covenants, Consent and Acknowledgment Clause in Contracts

Credit Party Covenants, Consent and Acknowledgment. (a) Each Credit Party acknowledges and agrees that the Owner Trustee, pursuant to the terms and conditions of the Security Agreement and the Mortgage Instruments, shall create Liens respecting the various personal property, fixtures and real property described therein in favor of the Agent. Each Credit Party hereby irrevocably consents to the creation, perfection and maintenance of such Liens. Each Credit Party shall, to the extent reasonably requested by any of the other parties hereto, cooperate with the other parties in connection with their covenants herein or in the other Operative Agreements and shall from time to time duly execute and deliver any and all such future instruments, documents and financing statements (and continuation statements related thereto) as any other party hereto may reasonably request.

Appears in 13 contracts

Samples: Participation Agreement (Healthsouth Corp), Participation Agreement (Sunrise Assisted Living Inc), Participation Agreement (Smart & Final Inc/De)

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Credit Party Covenants, Consent and Acknowledgment. (a) Each Credit Party acknowledges and agrees that the Owner Trustee, pursuant to the terms and conditions of the Security Agreement and the Mortgage Instruments, shall create Liens respecting the various personal property, fixtures and real property described therein in favor of the Agent. Each Credit Party hereby irrevocably consents to the creation, perfection and maintenance of such LiensLiens until such liens are subject to release in accordance with this Agreement and the other Operative Agreements. Each Credit Party shall, to the extent reasonably requested by any of the other parties hereto, cooperate with the other parties in connection with their covenants herein or in the other Operative Agreements and shall from time to time duly execute and deliver any and all such future instruments, documents and financing statements (and continuation statements related thereto) as any other party hereto may reasonably request.

Appears in 3 contracts

Samples: Participation Agreement (Veritas Software Corp /De/), Participation Agreement (Veritas Software Corp /De/), Participation Agreement (Veritas Software Corp /De/)

Credit Party Covenants, Consent and Acknowledgment. (a) Each Credit Party acknowledges and agrees that the Owner Trustee, pursuant to the terms and conditions of the Security Agreement and the Mortgage Instruments, shall create Liens respecting the various personal property, fixtures and real property described therein in favor of the Agent. Each Credit Party hereby irrevocably consents to the creation, perfection and maintenance of such Liens. Each Credit Party shall, to the extent reasonably requested by any of the other parties hereto, cooperate with the other parties in connection with to satisfy their covenants herein or in the other Operative Agreements Agreements, including without limitation at any time and shall from time to time promptly and duly execute executing and deliver delivering any and all such future instruments, documents and financing statements (and continuation statements related thereto) as any other party hereto may reasonably request.

Appears in 2 contracts

Samples: Participation Agreement (Us Oncology Inc), Participation Agreement (American Oncology Resources Inc /De/)

Credit Party Covenants, Consent and Acknowledgment. (a) Each Credit Party acknowledges and agrees that the Owner Trustee, pursuant to the terms and conditions of the Security Agreement and the Mortgage Instruments, shall create Liens respecting the various personal property, fixtures and real property described therein in favor of the Agenttherein. Each Credit Party hereby irrevocably consents to the creation, perfection and maintenance of such Liens. Each Credit Party shall, to the extent reasonably requested by any of the other parties hereto, cooperate with the other parties in connection with their covenants herein or in the other Operative Agreements and shall from time to time duly execute and deliver any and all such future instruments, documents and financing statements (and continuation statements related thereto) as any other party hereto may reasonably request.

Appears in 1 contract

Samples: Participation Agreement (Pep Boys Manny Moe & Jack)

Credit Party Covenants, Consent and Acknowledgment. (a) Each Credit Party acknowledges and agrees that the Owner TrusteeBorrower, pursuant to the terms and conditions of the Security Agreement and the Mortgage Instruments, shall create Liens respecting the various personal property, fixtures and real property described therein in favor of the Agent. Each Credit Party hereby irrevocably consents to the creation, perfection (subject to the terms of Section 8.12) and maintenance of such Liens. Each Credit Party shall, to the extent reasonably requested by any of the other parties hereto, cooperate with the other parties in connection with their covenants herein or in the other Operative Agreements and shall from time to time duly execute and deliver any and all such future instruments, documents and financing statements (and continuation statements related thereto) as any other party hereto may reasonably request.

Appears in 1 contract

Samples: Participation Agreement (Capital One Financial Corp)

Credit Party Covenants, Consent and Acknowledgment. (a) Each Credit Party acknowledges and agrees that the Owner Trustee, pursuant to the terms and conditions of the Security Agreement and the Mortgage Instruments, shall create Liens respecting the various personal property, fixtures and real property described therein in favor of the AgentBank. Each Credit Party hereby irrevocably consents to the creation, perfection and maintenance of such Liens. Each Credit Party shall, to the extent reasonably requested by any of the other parties hereto, cooperate with the other parties in connection with their covenants herein or in the other Operative Agreements and shall from time to time duly execute and deliver any and all such future instruments, documents and financing statements (and continuation statements related thereto) as any other party hereto may reasonably request.

Appears in 1 contract

Samples: Participation Agreement (Dollar Tree Stores Inc)

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Credit Party Covenants, Consent and Acknowledgment. (a) Each Credit Party acknowledges and agrees that the Owner Trustee, pursuant to the terms and conditions of the Security Agreement and the Mortgage Instruments, shall create Liens respecting the various personal property, fixtures and real property described therein in favor of the Agent. Each Credit Party hereby irrevocably consents to the creation, perfection and maintenance of such Liens. Each Credit Party shall, to the extent reasonably requested by any of the other parties hereto, cooperate with the other parties in connection with their covenants herein or in the other Operative Agreements and shall from time to time duly execute and deliver any and all such future further instruments, documents and financing statements (and continuation statements related thereto) as any other party hereto may reasonably request.

Appears in 1 contract

Samples: Participation Agreement (Centennial Healthcare Corp)

Credit Party Covenants, Consent and Acknowledgment. (a) Each Credit Party acknowledges and agrees that the Owner TrusteeBorrower, pursuant to the terms and conditions of the Security Agreement and the Mortgage Instruments, shall create Liens respecting the various personal property, fixtures and real property described therein in favor of the Agenttherein. Each Credit Party hereby irrevocably consents to the creation, perfection and maintenance of such Liens. Each Credit Party shall, to the extent reasonably requested by any of the other parties hereto, cooperate with the other parties in connection with their covenants herein or in the other Operative Agreements and shall from time to time duly execute and deliver any and all such future instruments, documents and financing statements (and continuation statements related thereto) as any other party hereto may reasonably request.

Appears in 1 contract

Samples: Participation Agreement (Pep Boys Manny Moe & Jack)

Credit Party Covenants, Consent and Acknowledgment. (a) Each Credit Party acknowledges and agrees that the Owner Trustee, pursuant to the terms and conditions of the Security Agreement and the Mortgage Instruments, shall create Liens respecting the various personal property, fixtures and real property described therein in favor of the Agent. Each Credit Party hereby irrevocably consents to the creation, perfection and maintenance of such Liens. Each Credit Party shall, to the extent reasonably requested by any of the other parties hereto, cooperate with the other parties in connection with their covenants herein or in the other Operative Agreements and shall from time to time duly execute and deliver any and all such future instruments, documents and financing statements (and continuation statements related thereto) as any other party hereto may reasonably requestrequest for the purpose of more fully effectuating the provisions of the Operative Agreements.

Appears in 1 contract

Samples: Participation Agreement (Us Foodservice/Md/)

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