Sponsors Covenants Sample Clauses

Sponsors Covenants. Subject to the proviso below, the Sponsor hereby covenants:
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Sponsors Covenants. New Construction or Substantial Rehabilitation of the Property. Sponsor will undertake the new construction or substantial rehabilitation of the Property in accordance with the work and schedule set forth in the New Construction or Rehabilitation Plans.
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Sponsors Covenants. 18 Section 4.01 Covenants of the Seller.................................. 18 ARTICLE V OPTIONAL PURCHASE OF DEFAULTED MORTGAGE LOANS.................. 18 ARTICLE VI TERMINATION................................................... 19 Section 6.01 Termination.............................................. 19
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Sponsors Covenants. (a) Each Sponsor hereby agrees (i) not to abandon or agree to abandon the Project at any time from the date hereof until (x) payment in full of all Obligations has been made, and all obligations of the Lenders under the Loan Documents have terminated or expired, and (y) a period of one hundred twenty (120) days (or such other period as may be applicable under applicable bankruptcy, insolvency or similar laws) has elapsed since the condition set out in clause (x) is satisfied without any court determining that the Company is insolvent or, if such determination is made within that time, the Lenders are reasonably satisfied that no payment made to the Lenders or the Trustee by the Company will be set aside as a consequence thereof under any law relating to bankruptcy, insolvency or similar matters; (ii) to use its best efforts to cause the Commercial Operation Date to occur by December 31, 1999; (iii) to vote its Shares so as to direct or cause the Company to timely perform its obligations under the Principal Documents, and (iv) if either of the Lenders shall have exercised remedies upon an Event of Default and for so long as such Sponsor continues to hold voting rights in respect of its Shares after such Event of Default, to exercise such voting rights as directed by either Lender.
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Sponsors Covenants. 7 Section 4.01. Covenants of the Sponsor.....................................................................7 Article V TERMINATION.............................................................................................7 Section 5.01. Termination..................................................................................7
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Sponsors Covenants 
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Related to Sponsors Covenants

  • Debtor’s Covenants Until the Obligations are paid in full, Debtor agrees that it will:

  • Pledgor’s Covenants The Pledgor represents, covenants and warrants that unless compliance is waived by the Bank in writing:

  • LESSOR'S COVENANTS The Lessor covenants and agrees that, unless the Agent and the Lenders shall have otherwise consented in writing:

  • Grantor’s Covenants The Grantor covenants that it shall:

  • Owner’s Covenants 13.1. The Owner covenants the following to the Lessee:

  • Seller’s Covenants Seller hereby covenants as follows:

  • Purchaser’s Covenants The Purchaser will have performed and complied with all covenants, agreements and conditions as required by this Agreement.

  • Buyer’s Covenants Buyer hereby covenants as follows:

  • Borrower’s Covenants 3.1 As and when he becomes, and for so long as he remains a shareholder of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower shall cause Borrower Company:

  • Director Covenants Director agrees that for a period of two (2) years from the Effective Time, Director shall not, directly or indirectly, individually or as an employee, partner, officer, director, promoter or shareholder or in any other capacity whatsoever, except in the performance of customary legal, accounting, insurance, or investment or investment management services as performed at the time of execution of the Agreement or of a similar nature:

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