Removal by the Company Sample Clauses

Removal by the Company. The reserve line holder is removed from the pattern or portion of the pattern by the Company.
AutoNDA by SimpleDocs
Removal by the Company. In the event that, notwithstanding the covenants contained in Section 7.8, a Lien which is not a Permitted Lien at any time encumbers any Collateral or any portion thereof, the Company, at its option, shall either (i) promptly discharge or cause to be discharged by payment to the lienor or Lien claimant or promptly secure removal by bonding or deposit with the county clerk or otherwise or (ii) subject to the provisions of the Intercreditor Agreement (Senior Debt), pledge cash collateral to the Collateral Agent, for the benefit of the Noteholders, in an amount equal to such Lien, within 30 days after the date of notice thereof; provided that, compliance with the provisions of this Section 6.8 shall not be deemed to constitute a waiver of the provisions of Section 6.8. The Company shall deliver to the Collateral Agent upon written request therefor all receipts or other reasonably satisfactory evidence of payment, bonding, deposit of Taxes, assessments, Liens or any other item which may cause any such Lien to be filed against any Collateral. The Company and each of its Subsidiaries shall fully preserve the Lien and the priority of each Security Document without cost or expense to the Collateral Agent or the Noteholders.
Removal by the Company. In the event that, notwithstanding the covenants contained in subsection 7.2, a Lien which is not a Permitted Lien may encumber any Collateral or any portion thereof, the Company shall promptly (and shall cause its Subsidiaries to promptly) discharge or cause to be discharged by payment to the lienor or Lien claimant or promptly secure removal by bonding, guaranty, deposit or otherwise within 60 days after the date of notice thereof; provided that compliance with the provisions of this subsection 6.9 shall not be deemed to constitute a waiver of the provisions of subsection 7.2. The Company shall exhibit to the Administrative Agent upon request all receipts or other satisfactory evidence of payment, bonding, deposit of taxes, assessments, Liens or any other item which may cause any such Lien to be filed against any Collateral. Each Loan Party shall fully preserve the Lien and the priority of each Collateral Document without cost or expense to the Administrative Agent, the Collateral Agent or the Lenders.
Removal by the Company. The Company may remove from this Agreement a Service provided as part of the Santa Fe Consolidated Programs only with the prior consent of Santa Fe (which shall not be unreasonably withheld) and upon terms and conditions reasonably acceptable to Santa Fe (including reimbursement of costs incurred by Santa Fe in effecting such removal).

Related to Removal by the Company

  • Actions by the Company Any action, election or determination by the Board or any committee thereof pursuant to or relating to this Agreement will be effective if, and only if, it is taken or made by (or with the prior approval of) a majority of the members of the Board who are not at the time employees of Holdings or any of its Subsidiaries. * * * * *

  • Distribution of Offering Material By the Company The Company has not distributed and will not distribute, prior to the later of the Closing Date and the completion of the distribution of the Units, any offering material in connection with the offering and sale of the Units other than the Sale Preliminary Prospectus and the Prospectus, in each case as supplemented and amended.

  • Recitals by the Company The recitals in this First Supplemental Indenture are made by the Company only and not by the Trustee, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this First Supplemental Indenture or of the Notes. The Trustee shall not be accountable for the use or application by the Company of the Notes or the proceeds thereof. All of the provisions contained in the Base Indenture in respect of the rights, privileges, immunities, powers and duties of the Trustee shall be applicable in respect of the Notes and of this First Supplemental Indenture as fully and with like effect as if set forth herein in full.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!