Limited Negative Covenants of REIT OP Sample Clauses

Limited Negative Covenants of REIT OP. REIT OP covenants and ------------------------------------- agrees as follows, and shall not enter into any agreement or take any other action inconsistent with the following, in each case until the earlier of the Closing Date or the termination of this Agreement, except as specifically contemplated by this Agreement or to the extent such action shall not reasonably be expect to result in a Material Adverse Effect; provided, however, that any -------- ------- breach of the covenants set forth in this Section 9.1.5 shall not be a default ------------- with respect to any of REIT OP's obligations under this Agreement but, in the event that Prudential has elected to receive more than Twenty Five Million Dollars ($25,000,000) of Units hereunder, shall entitle Prudential, at Prudential's option, to elect to reduce the total value of the Units to be received from the REIT OP to an amount equal to not less than Twenty Five Million Dollars ($25,000,000) and increase the Initial Distribution to be made to Prudential by the amount of such reduction all in accordance with the terms and conditions of Section 2.1. -----------
Sample 1
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Related to Limited Negative Covenants of REIT OP

  • 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:

  • Covenants of the Partnership The Partnership covenants with each Underwriter as follows:

  • CERTAIN NEGATIVE COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligations to issue, extend or renew any Letters of Credit:

  • Additional Negative Covenants Not to, without the Bank's written consent:

  • Negative Covenants of the Company Except as expressly contemplated by this Agreement or otherwise consented to in writing by Buyer, from the date of this Agreement until the Effective Time, the Company will not do any of the following:

  • Agreements and Covenants of Trustee The Trustee hereby agrees and covenants to:

  • Affirmative Covenants of the Company The Company hereby covenants and agrees as follows:

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

  • Representations and Covenants of the Trust A. The Trust hereby represents and warrants to the Distributor, which representations and warranties shall be deemed to be continuing throughout the term of this Agreement, that:

  • Breach of Negative Covenants or Visitation Rights Any of the Loan Parties shall default in the observance or performance of any covenant contained in Section 8.1.5 [Visitation Rights] or Section 8.2 [Negative Covenants];

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