Common use of Exceptions to Covenants Clause in Contracts

Exceptions to Covenants. Neither the Borrower nor any Subsidiary shall be deemed to be permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein if such action or omission would result in the breach of any other covenant contained herein.

Appears in 22 contracts

Samples: Credit Agreement (Spartech Corp), Credit Agreement (Commercial Metals Co), Credit Agreement (Torchmark Corp)

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Exceptions to Covenants. Neither the Borrower Company nor any Subsidiary of its Subsidiaries shall be deemed to be permitted to take any action or to fail to take any action which that is permitted as an exception to any of the covenants contained herein covenant in any Loan Papers, or which that is within the permissible limits of any of the covenants contained herein covenant, if such action or omission would result in the breach a violation of any other covenant contained hereinin any Loan Papers.

Appears in 6 contracts

Samples: Credit Agreement (Franchise Finance Corp of America), Credit Agreement (Franchise Finance Corp of America), Credit Agreement (Franchise Finance Corp of America)

Exceptions to Covenants. Neither the Borrower nor any Subsidiary Borrowers shall not be deemed to be permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein if such action or omission would result in the breach of any other covenant contained herein.

Appears in 5 contracts

Samples: Revolver Loan Agreement (Empire Petroleum Corp), Revolver Loan Agreement (Energy 11, L.P.), Revolver Loan Agreement (Energy 11, L.P.)

Exceptions to Covenants. Neither the Borrower nor any Subsidiary The Borrowers shall not be deemed to be permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein if such action or omission would result in the breach of any other covenant contained herein.

Appears in 5 contracts

Samples: Loan Agreement (Dixie Group Inc), Revolver Loan Agreement (Ring Energy, Inc.), Revolving Credit and Term Loan Agreement (Equity Compression Services Corp)

Exceptions to Covenants. Neither the Borrower nor any Subsidiary shall be deemed to be permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein if such action or omission would result in the breach of any other covenant contained herein.. 10.17

Appears in 5 contracts

Samples: Credit Agreement (Globe Life Inc.), 364 Day Term Loan Agreement (Globe Life Inc.), Credit Agreement (Globe Life Inc.)

Exceptions to Covenants. Neither the Borrower nor any Subsidiary shall not be deemed to be permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein if such action or omission would result in the breach of any other covenant contained herein.

Appears in 4 contracts

Samples: Revolver Loan Agreement (Viking Energy Group, Inc.), Senior Revolver Loan Agreement (Empire Petroleum Corp), Credit Agreement (Quest Medical Inc)

Exceptions to Covenants. Neither the Borrower nor any Guarantor Subsidiary shall be deemed take or permit to be permitted to take taken any action or fail to take any action which is permitted as an exception to by any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein in this Agreement if such action or omission would result in the breach of any other covenant contained hereinin this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Camden Property Trust), Credit Agreement (Camden Property Trust), Credit Agreement (Camden Property Trust)

Exceptions to Covenants. Neither the Borrower nor any Subsidiary Guarantor shall be deemed take or permit to be permitted to take taken any action or fail to take any action which is permitted as an exception to by any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein in this Agreement if such action or omission would result in the breach of any other covenant contained hereinin this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Amresco Inc), Loan Agreement (Amresco Inc), Credit Agreement (Amresco Inc)

Exceptions to Covenants. Neither None of the Borrower, the Parent or any Subsidiary of the Borrower nor any Subsidiary shall be deemed to be permitted to take any action or to fail to take any action which that is permitted as an exception to any of the covenants contained herein covenant in any Loan Papers, or which that is within the permissible limits of any of the covenants contained herein covenant, if such action or omission would result in the breach a violation of any other covenant contained hereinin any Loan Papers.

Appears in 3 contracts

Samples: Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Television Inc), Credit Agreement (Northland Cable Properties Six LTD Partnership)

Exceptions to Covenants. Neither the Borrower Borrower, nor the Parent, nor any Restricted Subsidiary shall be deemed to be permitted to take any action or to fail to take any action which that is permitted as an exception to any of the covenants contained herein covenant in any Loan Papers, or which that is within the permissible limits of any of the covenants contained herein covenant, if such action or omission would result in the breach a violation of any other covenant contained hereinin any Loan Papers.

Appears in 2 contracts

Samples: Credit Agreement (World Access Inc /New/), Credit Agreement (World Access Inc /New/)

Exceptions to Covenants. Neither the Borrower nor any Subsidiary shall be deemed to be permitted to take any action or fail omit to take any action which is permitted as an exception to any of the terms, provisions or covenants contained herein or which is within the permissible limits of in any of the covenants contained herein Related Documents if such action or omission would result in an Event of Default or Unmatured Event of Default or the breach of any other term, provision or covenant contained hereinin any Related Document.

Appears in 1 contract

Samples: Secured Credit Agreement (Irwin Naturals 4 Health)

Exceptions to Covenants. Neither None of the Borrower, the Parent or any Subsidiary of the Borrower nor any Subsidiary shall be deemed to be permitted to take any action or to fail to take any action which that is permitted as an exception to any of the covenants contained herein covenant in any Loan Papers, or which that is within the permissible limits of any of the covenants contained herein covenant, if such action or omission would result in the breach a violation of any other covenant contained hereinin any Loan Paper.

Appears in 1 contract

Samples: Credit Agreement (Northland Cable Television Inc)

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Exceptions to Covenants. Neither the Borrower nor any Subsidiary shall be deemed to be permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein if such action or omission would result in the breach of any other covenant contained herein. Section 10.8.

Appears in 1 contract

Samples: Pledge Agreement (Independent Bankshares Inc)

Exceptions to Covenants. Neither the Borrower nor any Subsidiary shall not be deemed to be ----------------------- permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein if such action or omission would result in the breach of any other covenant contained herein.

Appears in 1 contract

Samples: Credit Agreement (Kilroy Realty Corp)

Exceptions to Covenants. Neither the Borrower nor any Subsidiary shall be deemed to be permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein if such action or omission would result in the breach of any other covenant contained herein.

Appears in 1 contract

Samples: Credit Agreement (SBS Technologies Inc)

Exceptions to Covenants. Neither the Borrower nor any Guarantor or Subsidiary shall be deemed to be permitted to take any action or fail omit to take any action which is permitted as an exception to any of the terms, provisions or covenants contained herein or which is within the permissible limits of in any of the covenants contained herein Related Documents if such action or omission would result in an Event of Default or Unmatured Event of Default or the breach of any other term, provision or covenant contained herein.in any Related Document. 92

Appears in 1 contract

Samples: Secured Credit Agreement (Gibraltar Packaging Group Inc)

Exceptions to Covenants. Neither the Borrower nor any Subsidiary of its ----------------------- Subsidiaries shall be deemed to be permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein if such action or omission would result in the breach of any other covenant contained herein.

Appears in 1 contract

Samples: Credit Agreement (Unitrin Inc)

Exceptions to Covenants. Neither the The Borrower nor any Subsidiary shall not be deemed to be ----------------------- permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein if such Such action or omission would result in the breach of any other covenant contained herein.

Appears in 1 contract

Samples: Loan Agreement (Polyphase Corp)

Exceptions to Covenants. Neither the Borrower nor or any Subsidiary loan party shall not be deemed to be permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained herein or which is within the permissible limits of any of the covenants contained herein if such action or omission would result in the breach of any other covenant contained herein.

Appears in 1 contract

Samples: Credit Loan Agreement (First Trinity Financial CORP)

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