Financial Covenants and Negative Covenants Sample Clauses

Financial Covenants and Negative Covenants. PLEDGE AGREEMENT (PHASE IV - LAND)
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Financial Covenants and Negative Covenants. The Loan Parties agree with the Administrative Agent and each of the Lenders that, from the date hereof and thereafter for so long as any portion of any Term Loans shall be outstanding or any Lender shall have any Commitment hereunder, unless the Required Lenders shall otherwise consent in writing:
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Financial Covenants and Negative Covenants. Each Borrower hereby agrees, so long as any Commitment remains in effect or the Revolving Note, any Letter of Credit or any other portion of the Obligations remains outstanding, such Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly:
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Financial Covenants and Negative Covenants. This PLEDGE AGREEMENT (PHASE IV - LAND) (this "AGREEMENT") is made as of October 2, 2000 (the "EFFECTIVE DATE"), by NETWORK APPLIANCE, INC., a California corporation ("NAI"); BNP LEASING CORPORATION, a Delaware corporation ("BNPLC"); BNP PARIBAS ("BNPLC'S PARENT"), as a "PARTICIPANT"; and BNP PARIBAS, acting in its capacity as agent for BNPLC and the Participants (in such capacity, "AGENT"), is made and dated as of the Effective Date.
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Financial Covenants and Negative Covenants. PLEDGE AGREEMENT
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Financial Covenants and Negative Covenants. 40 Section 7.1. Maximum Consolidated Funded Debt to Consolidated Tangible Net Worth 40 Section 7.2. Minimum Fixed Charge Coverage Ratio 40 Section 7.3. Fundamental Changes. 40 Section 7.4. Sale of Collateral 41 Section 7.5. Accounting Changes 41 Section 7.6. Government Regulation 41 Section 7.7. Financing Statements 41 ARTICLE VIII EVENTS OF DEFAULT 41 Section 8.1. Events of Default 41 Section 8.2. UCC and Other Remedies 44 Section 8.3. Collections on Approved Leases 46 Section 8.4. [Reserved] 46 Section 8.5. Waiver; Deficiency 46 Section 8.6. Non-Judicial Enforcement 46 Section 8.7. Remedies Cumulative 46 Section 8.8. Application of Proceeds from Collateral 46 ARTICLE IX THE ADMINISTRATIVE AGENT 47 Section 9.1. Appointment of the Administrative Agent 47 Section 9.2. Nature of Duties of the Administrative Agent 47 Section 9.3. Lack of Reliance on the Administrative Agent 48 Section 9.4. Certain Rights of the Administrative Agent 48 Section 9.5. Reliance by the Administrative Agent 48 Section 9.6. Indemnification 48 Section 9.7. The Administrative Agent in its Individual Capacity 49 Section 9.8. Successor Administrative Agent. 49 Section 9.9. Withholding Tax 49 Section 9.10. The Administrative Agent May File Proofs of Claim. 50 Section 9.11. Authorization to Execute Other Loan Documents 50 Section 9.12. Collateral and Guaranty Matters 50 Section 9.13. Right to Realize on Collateral and Enforce Guarantee. 51
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Financial Covenants and Negative Covenants. The Borrower covenants and agrees that so long as any Obligation remains outstanding:
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Financial Covenants and Negative Covenants. PLEDGE AGREEMENT (LAND) This PLEDGE AGREEMENT (LAND) (this "Agreement") is made as of June 1, 2000 (the "Effective Date"), by EXTREME NETWORKS, INC., a California corporation ("Extreme"); BNP LEASING CORPORATION, a Delaware corporation ("BNPLC"); BNP PARIBAS ("BNPLC's Parent"), as a "Participant"; and BNP PARIBAS, acting in its capacity as agent for BNPLC and the Participants (in such capacity, "Agent").
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Related to Financial Covenants and Negative Covenants

  • Financial Covenants and Ratios Seller shall at all times comply with any financial covenants and/or financial ratios set forth in the Transactions Terms Letter.

  • NEGATIVE COVENANTS So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrower shall not, nor shall it permit any Subsidiary to, directly or indirectly:

  • Special Covenants If any Company shall fail or omit to perform and observe Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13 or 5.15 hereof.

  • Financial Covenants So long as any Advance or any other Obligation of any Loan Party under any Loan Document shall remain unpaid, any Letter of Credit shall be outstanding or any Lender Party shall have any Commitment hereunder, the Borrower will:

  • Special Covenants and Agreements SECTION 5.1. COMPANY TO MAINTAIN ITS CORPORATE EXISTENCE; CONDITIONS UNDER WHICH EXCEPTIONS PERMITTED. The Company agrees that during the term of this Agreement, it will maintain its corporate existence and its good standing in the State, will not dissolve or otherwise dispose of all or substantially all of its assets and will not consolidate with or merge into another corporation unless the acquirer of its assets or the corporation with which it shall consolidate or into which it shall merge shall (i) be a corporation organized under the laws of one of the states of the United States of America, (ii) be qualified to do business in the State, and (iii) assume in writing all of the obligations of the Company under this Agreement and the Tax Agreement. Any transfer of all or substantially all of the Company's generation assets shall not be deemed to constitute a "disposition of all or substantially all of the Company's assets" within the meaning of the preceding paragraph. Any such transfer of the Company's generation assets shall not relieve the Company of any of its obligations under this Agreement. The Company hereby agrees that so long as any of the Bonds are insured by a Bond Insurance Policy issued by the Bond Insurer and the Bond Insurer shall not have failed to comply with its payment obligations under such Policy, in the event of a Reorganization, unless otherwise consented to by the Bond Insurer, the obligations of the Company under, and in respect of, the Bonds, the G&R Notes, the G&R Indenture and the Agreement shall be assumed by, and shall become direct and primary obligations of, a Regulated Utility Company such that at all times the obligor under this Agreement and the obligor on the G&R Notes is a Regulated Utility Company. The Company shall deliver to the Bond Insurer a certificate of the president, any vice president or the treasurer and an opinion of counsel reasonably acceptable to the Bond Insurer stating in each case that such Reorganization complies with the provisions of this paragraph. The Company need not comply with any of the provisions of this Section 5.1 if, at the time of such merger or consolidation, the Bonds will be defeased as provided in Article VIII of the Indenture. The Company need not comply with the provisions of the second paragraph of this Section 5.1 if the Bonds are redeemed as provided in Section 3.01(B)(3) of the Indenture or if the Bond Insurance Policy is terminated as described in Section 3.06 of the Indenture in connection with a purchase of the Bonds by the Company in lieu of their redemption.

  • Borrower Negative Covenants Borrower covenants and agrees with Lender that:

  • BORROWER'S NEGATIVE COVENANTS Borrower covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7.

  • Negative Covenant Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, Sellers will not, and will cause the Company not to, without the prior consent of Buyer, take any affirmative action, or fail to take any reasonable action within their or its control, as a result of which any of the changes or events listed in Section 3.16 is likely to occur.

  • AFFIRMATIVE AND NEGATIVE COVENANTS The Borrower covenants and agrees that, so long as any Bank has any Commitment hereunder or any Obligations remain unpaid:

  • Certain Negative Covenants Each of the Borrowers covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Lender has any obligation to make any Loans or the Administrative Agent has any obligations to issue, extend or renew any Letters of Credit:

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