Common use of NEGATIVE COVENANTS OF BORROWER Clause in Contracts

NEGATIVE COVENANTS OF BORROWER. Borrower covenants and agrees that at all times from and after the Closing Date, unless the Bank shall otherwise consent in writing, such consent to be at the discretion of the Bank, it will not, either directly or indirectly:

Appears in 12 contracts

Samples: Loan Agreement (Miller Industries Inc /Tn/), Loan Agreement (Miller Industries Inc /Tn/), Loan Agreement (Miller Industries Inc /Tn/)

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NEGATIVE COVENANTS OF BORROWER. 12.1 The Borrower covenants and agrees that at all times from and after the Closing Dateclosing date, unless the Bank shall otherwise consent in writing, such which consent to shall not be at the discretion of the Bankunreasonably withheld, it will not, either directly or indirectly:, sell, lease, transfer, (except within the Borrower's own organization) or dispose (other than in the normal course of business) of all or a substantial part of its business or assets.

Appears in 4 contracts

Samples: Loan Agreement (King Pharmaceuticals Inc), Loan Agreement (King Pharmaceuticals Inc), Loan Agreement (King Pharmaceuticals Inc)

NEGATIVE COVENANTS OF BORROWER. Borrower covenants and agrees that at all times from and after the Closing Date, unless the Bank shall otherwise consent in writing, such consent to be at the discretion of the Bank, it Borrower will not, and will not allow any Subsidiary or Related Entity, to either directly or indirectly:

Appears in 2 contracts

Samples: Loan Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc)

NEGATIVE COVENANTS OF BORROWER. Borrower covenants and agrees that at all times from and after the Closing Date, unless the Bank shall otherwise consent in writing, such consent to be at the discretion of the Bank, it will not, either directly or indirectly:: 7.1

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

NEGATIVE COVENANTS OF BORROWER. 8.1 The Borrower covenants and agrees that at all times from and after the Closing Dateclosing date, unless the Bank shall otherwise consent in writing, such which consent to shall not be at the discretion of the Bankunreasonably withheld, it will not, either directly or indirectly:, sell, lease, transfer, (except within the Borrower's own organization) or dispose (other than in the normal course of business) of all or a substantial part of its business or assets.

Appears in 1 contract

Samples: Loan Agreement (King Pharmaceuticals Inc)

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NEGATIVE COVENANTS OF BORROWER. Borrower covenants and agrees that at all times from and after the Closing Date, unless the Bank Lender shall otherwise consent in writing, such consent to be at the discretion of the BankLender, it will not, either directly or indirectly:

Appears in 1 contract

Samples: Revolving Loan Agreement (Kempharm, Inc)

NEGATIVE COVENANTS OF BORROWER. Borrower covenants and agrees that at all times from and after the Closing Date, unless the Bank shall otherwise consent in writing, such consent to be at the reasonable discretion of the Bank, it will not, either directly or indirectly:

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (CBL & Associates Properties Inc)

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