Positive Covenants Clause Samples

Positive Covenants. During the term of this Agreement, each Obligor shall perform the covenants specified in this Section 8.2.

Positive Covenants. The Borrower shall:

Positive Covenants. 35 Section 9.1

Positive Covenants. In addition to all of your other obligations in this Agreement you will: (i) pay all amounts outstanding to the Bank when due or demanded, (ii) maintain your existence as a corporation, partnership or sole proprietorship, as the case may be, (iii) pay all taxes, and (iv) continue to carry on the business now being carried on by you. Negative Covenants. You will not: (i) merge or amalgamate with any other entity or permit any change of ownership or change your capital structure, or (ii) sell, lease, assign, or otherwise dispose of all or substantially all of your assets.

Positive Covenants. Parent and Borrower each covenant and agree that, as long as the Obligations or any part thereof are outstanding or any Bank has any Revolving Commitment hereunder, Parent and Borrower will perform and observe the following positive covenants:

Positive Covenants. The Current Issuer covenants and undertakes with the Note Trustee for the benefit of the Current Issuer Secured Creditors that it shall:

Positive Covenants. The Borrower hereby covenants and agrees that it will, and will cause its subsidiaries to: (a) pay all amounts of principal, interest and fees on the dates, times and place specified in this Agreement and the other Loan Documents; (b) advise the Lender promptly after the happening of any event which will result in a material adverse change in the financial condition, business, operations, or prospects of the Borrower and its subsidiaries, taken as a whole, the occurrence of any Event of Default or any default under any other agreement for borrowed money; (c) do all things necessary to maintain in good standing its and its subsidiaries corporate existence and preserve and keep all material agreements, rights, franchises, licenses, operations, contracts or other arrangements in full force and effect; (d) pay all taxes, assessments and government charges unless such taxes, assessments, or charges are being contested in good faith and appropriate reserves shall be made with funds set aside in a separate trust fund; (e) take all necessary actions to ensure that the Security Documents and its obligations thereunder will rank ahead of all other indebtedness of and all other security granted by the Borrower or its subsidiaries, other than Permitted Encumbrances; (f) maintain adequate insurance on all of its assets, undertakings, and business risks; (g) permit the Lender or its authorized representatives reasonable access to its premises, and records for purposes of auditing or enforcing its security interests; (h) comply in all material respects with applicable laws; (i) promptly notify the Lender on becoming aware of the occurrence of any litigation, dispute, arbitration or other proceeding which would reasonably be expected to have a material adverse effect on the Borrower and its subsidiaries, taken as a whole, and which if adversely determined, and from time to time provide the Lender with all reasonable information requested by the Lender concerning the status of any such proceedings; (j) deliver to the Lender: (1) annual audited consolidated financial statements of the Borrower within one- hundred and twenty (120) days of each year end, accompanied by a management discussion and analysis (in the form required under applicable securities laws); and (2) quarterly consolidated unaudited financial statements of the Borrower within sixty (60) days of the end of each fiscal quarter, provided that, for the purposes of this Section 7.1(j), the Borrower shall be deem...

Positive Covenants. So long as any Notes are outstanding and except as otherwise permitted by the terms of this Indenture, the Corporation covenants and agrees with the Trustees for the benefit of the Holders: (a) to appoint a trustee whenever necessary to avoid or fill a vacancy in the office of any of the Trustees so as to comply with any requirement under applicable laws, including as described under Section 13.2 hereunder; (b) from time to time to pay or cause to be paid all taxes, rates, levies, assessments, government fees or dues lawfully levied, assessed or imposed upon or in respect of its Property and the Property of its Restricted Subsidiaries or any part thereof or upon the income and profits of the Corporation as and when the same become due and payable, and the Corporation and its Restricted Subsidiaries shall exhibit or cause to be exhibited to the Trustees, when required, the receipts and vouchers establishing such payment and shall duly observe and conform to all valid requirements of any Governmental Authority relative to any of the Property or rights of the Corporation and its Restricted Subsidiaries and all covenants, terms and conditions upon or under which any such Property or rights are held; provided, however, that the Corporation and its Restricted Subsidiaries shall have the right to contest by legal and proper proceedings any such taxes, rates, levies, assessments, government fees or dues and, upon such contest, may delay or defer payment or discharge thereof if adequate reserves have been maintained with respect thereto in accordance with GAAP; (c) subject to the provisions of this Indenture, to keep or cause to be kept proper books of account and make or cause to be made therein true and faithful entries of all its dealings and transactions in relation to its business and the business of its Restricted Subsidiaries, as the case may be, in accordance with GAAP; (d) subject to the provisions of this Indenture (including, for greater certainty, the completion of any transaction not prohibited under Section 5.14, Section 5.15 or Section 8.6), to maintain and cause each Restricted Subsidiary to maintain at all times its respective corporate existence in accordance with their respective organizational documents (as the same may be amended from time to time); (e) subject to the provisions of this Indenture, to cause each Guarantee granted by each Guarantor and any subordination undertaking in favour of the Trustees or the Holders to be maintained in full...

Positive Covenants. The Borrower hereby covenants and agrees with the Agent and the Lenders that it will, and will cause each of its Subsidiaries to: (a) Prompt Payment - in the case of the Borrower, pay all principal, interest and other amounts due hereunder at the times and in the manner specified herein;