Additional Negative Covenants definition

Additional Negative Covenants has the meaning assigned to such term in Section 6.14(a).
Sample 1

Examples of Additional Negative Covenants in a sentence

  • Any such Additional Negative Covenants shall be in addition to and without limitation of the other existing negative covenants set forth in Article VII or any other provision in this Agreement.

  • Any such Additional Negative Covenants shall be in addition to and without limitation of the other existing negative covenants set forth in Article VII or any other provision in the Loan Agreement.

  • Additional Negative Covenants (§7) Permit the Restricted Subsidiaries to own any assets or engage in any commercial activities.

  • Not contribute or advance, directly or indirectly, the proceeds of the Advances to any subsidiary or affiliate of any Borrower unless such subsidiary or affiliate becomes an Additional Borrower save for (i) advances, contributions made to branches or representative offices of the Borrower and (ii) the exceptions provided for in Paragraphs (b), (e), (g), (l), (n) and (o) of Clause 4 (Investments) of Schedule 4 (Additional Negative Covenants).

  • Additional Negative Covenants with respect to the Development Project Companies 24 SECTION 3.06.

  • Grammatical, spelling errors and incorrect English has become standard practice.

  • EVALUATION CRITERIA Offerors will be evaluated on the written proposal submitted and any requested presentations.

  • The primary outcome will be the change in the TH17 cell cytokine IL-17 secretion in response to T- cell differentiation comparing baseline levels versus their respective response to NR or placebo.

  • If Borrower does not consummate a Bond Issuance on or prior to February 9, 2018, then the Lenders, the Administrative Agent and Borrower shall use commercially reasonable efforts to cooperate in good faith to negotiate Additional Negative Covenants reasonably acceptable to Borrower and the Required Lenders, and this Agreement shall be amended with the consent of Borrower, Administrative Agent and the Required Lenders to incorporate and document such Additional Negative Covenants.

  • Borrower fails to comply with, is in default with respect to or there is otherwise a failure of condition with respect to any of the terms, conditions, covenants and provisions set forth in: (i) Section 6.1 (Use of Proceeds); (ii) Section 6.4 (Compliance with Confirmation Order; No Other Debt); (iii) Section 6.5 (No Liens); (iv) Section 6.7 (Additional Negative Covenants); and (v) Section 6.10 (Change of Ownership).

Related to Additional Negative Covenants

  • Negative Covenants The Postpetition Financing Documents shall contain negative covenants of the Borrower acceptable to the Lender.

  • Affirmative Covenants The following affirmative covenants, among others, if any, to be negotiated in the Senior Facilities Documentation, will apply (to be applicable to the Borrower and its restricted subsidiaries), subject to customary (consistent with the Documentation Precedent) and other baskets, exceptions and qualifications to be agreed upon: maintenance of corporate existence and rights; performance and payment of obligations; delivery of annual and quarterly consolidated financial statements (accompanied by customary management discussion and analysis and (annually) by an audit opinion from nationally recognized auditors that is not subject to any qualification as to scope of such audit or going concern) (other than solely with respect to, or resulting solely from an upcoming maturity date under any series of indebtedness occurring within one year from the time such opinion is delivered) (with extended time periods to be agreed for delivery of the first annual and certain quarterly financial statements to be delivered after the Closing Date) and an annual budget (it being understood that the public REIT reporting that includes the Borrower shall satisfy the Borrower’s reporting obligations so long as it includes a consolidating income statement and balance sheet for the Borrower); delivery of notices of default and material adverse litigation, ERISA events and material adverse change; maintenance of properties in good working order; maintenance of books and records; maintenance of customary insurance; commercially reasonable efforts to maintain ratings (but not a specific rating); compliance with laws; inspection of books and properties; environmental; additional guarantors and additional collateral (subject to limitations set forth under the captions “Guarantees” and “Security”); further assurances in respect of collateral matters; use of proceeds; and payment of taxes.

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Restrictive Covenant has the meaning set forth in Section 6(c).

  • Restrictive Covenant Agreements is defined in the Recitals.

  • Replacement Capital Covenant has the meaning specified in the introduction to this instrument.

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Restrictive Covenants means the restrictive covenants contained in Section 12(c) hereof.

  • Maintenance Covenant A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, that exists regardless of whether or not such borrower has taken any specified action and includes a covenant that applies only when the related loan is funded.

  • Qualifying Replacement Capital Covenant has the meaning specified in the Replacement Capital Covenant.

  • Environmental covenant means a servitude arising under an environmental response project that imposes activity and use limitations.

  • Covenants means the covenants set forth in Section 4 of this Agreement. To acknowledge your agreement to and acceptance of the terms and conditions of this Agreement, please sign below in the space provided within five (5) days of the date of this Agreement and return a signed copy to my attention. If the Agreement is not signed and returned within (5) days, the terms and conditions of this Agreement will be deemed withdrawn. Sincerely, MEDQUIST INC. By: Xxxxx X. Xxxxxxx President Accepted and Agreed:

  • Transfer fee covenant means a declaration or covenant purporting to affect real property which requires or purports to require the payment of a transfer fee to the declarant or other person specified in the covenant or declaration, or to their successors or assigns, upon a subsequent transfer of an interest in the real property.

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.

  • (1) DEFINITION.—In this subsection, the term covered member’ means—

  • (2) In this subsection, the term fundraising’ means

  • (3) In this subsection, the term oil fuel’ means any oil used as fuel in connection with the propulsion and auxiliary machinery of the vessel in which such oil is carried.’’.

  • Basic Lease Provisions means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

  • Financial Covenant means the covenant set forth in Section 7.09.

  • Existing Term Loan Agreement means that certain Term Loan Agreement dated as of September 29, 2016 among the Borrower, the Parent, the other guarantors party thereto, the lenders party thereto and PNC Bank, National Association, as administrative agent, as the same has been or may hereafter be, amended or otherwise modified, together with any replacement or successor term loan facility that Borrower may enter into (including without limitation, any amendment and restatement of the Term Loan Agreement referred to above).

  • Covenant Compliance Event means that Excess Availability at any time is less than the greater of (a) ten (10%) percent of the Line Cap or (b) $7,000,000. For purposes hereof, the occurrence of a Covenant Compliance Event shall be deemed continuing until Excess Availability has exceeded the amounts set forth above for thirty (30) consecutive days, in which case a Covenant Compliance Event shall no longer be deemed to be continuing for purposes of this Agreement. The termination of a Covenant Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Compliance Event in the event that the conditions set forth in this definition again arise.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.