Common use of Miscellaneous Covenants Clause in Contracts

Miscellaneous Covenants. (a) Borrower shall not, and shall not permit any Subsidiary Guarantor to, become or be a party to any contract or agreement which at the time of becoming a party to such contract or agreement materially impairs Borrower’s or any Subsidiary Guarantor’s ability to perform under this Agreement, or under any other instrument, agreement or document to which Borrower or any Subsidiary Guarantor is a party or by which it is or may be bound.

Appears in 3 contracts

Samples: Loan and Security Agreement (Resource America, Inc.), Loan and Security Agreement (Alesco Financial Inc), Loan and Security Agreement (Alesco Financial Inc)

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Miscellaneous Covenants. (a) The Borrower shall not, and nor shall not it cause or permit any Subsidiary Guarantor of the Guarantors to, become or be a party to any contract or agreement which at the time of becoming a party to such contract or agreement materially impairs Borrower’s or any Subsidiary Guarantor’s such party's ability to perform under this Agreement, or under any other instrument, agreement or document to which the Borrower or any such Subsidiary Guarantor is a party or by which it is or may be bound.

Appears in 2 contracts

Samples: Loan Agreement (CSS Industries Inc), Loan Agreement (CSS Industries Inc)

Miscellaneous Covenants. (a) Borrower shall not, and shall not permit any Subsidiary Guarantor to, become or be a party to any contract or agreement which at the time of becoming a party to such contract or agreement materially impairs Borrower’s or any Subsidiary Guarantor’s ability to perform under this Agreement, or under any other instrument, agreement or document to which Borrower or any Subsidiary Guarantor is a party or by which it is or may be bound.

Appears in 1 contract

Samples: Loan and Security Agreement (COHEN & Co INC.)

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Miscellaneous Covenants. (a) Borrower shall not, and shall not permit any Subsidiary Guarantor to, become or be a party to any contract or agreement which at the time of becoming a party to such contract or agreement materially impairs Borrower’s 's or any Subsidiary Guarantor’s 's ability to perform under this Agreement, or under any other instrument, agreement or document to which Borrower or any Subsidiary Guarantor is a party or by which it is or may be bound.

Appears in 1 contract

Samples: Loan and Security Agreement (Resource America Inc)

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