Affirmative Covenant definition

Affirmative Covenant means any affirmative or similar obligation, agreement or covenant (other than a Negative Covenant) made by the Borrowers set forth in this Agreement or in any other Loan Document.

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Affirmative Covenant means a promise or covenant by any Person to perform, act, suffer, permit or consent to.

Affirmative Covenant means any affirmative covenant or similar undertaking or obligation made by the Borrowers set forth in this Agreement or in any other Loan Document.

Examples of Affirmative Covenant in a sentence

So long as this Agreement is in effect, the Borrower will comply with any "Additional Affirmative Covenant" contained in the Schedule and shall: Financial Statements and Other Information.
For purposes hereof "Curable Default" shall mean any failure by Borrower to observe, perform or comply with any Affirmative Covenant contained in Section 6 of this Agreement (other than a failure to perform any covenant relating to the payment of principal, interest or late charges hereunder, under the Notes or under any of the Other Agreements or any covenant contained in Subsections 6.09 or 6.12 of this Agreement) which, in Bank's good faith judgment, is curable within such period.
The Borrower fails for a --------------------- period of thirty (30) days after written notice thereof to comply in any material respect with any Affirmative Covenant.
Affirmative Covenant Default the Company fails or omits to perform, observe, or comply with any of the terms, agreements, conditions or covenants contained in the Section of this Agreement regarding Affirmative Covenants other than financial covenants and the failure of the Company to cure such failure of omission within 30 days after delivery of written notice of such a failure or omission by the Bank to the Company.
In lieu of the provisions of the Affirmative Covenant paragraph entitled “Compliance Certificates”, the following provision is substituted to replace it in its entirety: Form of the Borrower Compliance Certificate is not required.
In lieu of the provisions of the Affirmative Covenant paragraph below entitled "Compliance Certificates," the following provision is substituted to replace it in its entirety.
Borrower, Guarantors and ----------- Bank acknowledge that the Revolver and Loan Documents are in full force and effect, that no Event of Default or Potential Event of Default exists, and that any violation of any Affirmative Covenant, existing prior to the date hereof, are waived by Bank.
The Company fails for a period of thirty (30) days after written notice thereof to comply in any material respect with any Affirmative Covenant.
Notwithstanding the foregoing, in no event will any breach of, or failure to comply with, any Incorporated Affirmative Covenant by the Borrower or any other Loan Party result in an Event of Default hereunder or under any other Loan Document, nor will such breach or failure entitle the Lender to exercise any rights or remedies under the Loan Documents, seek any damages from any Loan Party or otherwise have any rights against the Loan Parties as a result thereof.
The following Affirmative Covenant shall be added to the end of Article V of the Loan Agreement.

More Definitions of Affirmative Covenant

Affirmative Covenant. Certain customary understandings as to the daily management of Reshef, anti-dilution rights, tag along rights, right of first refusal, preemptive rights, confidentiality and non-competition - subject all to the parties' holdings in Reshef.

Affirmative Covenant means a promise or covenant by any Person to perform, act, suffer, permit or consent to. "Agreement" shall have the meaning ascribed to such term in the introductory paragraph hereof. "Aggregate Purchase Closing Costs" shall have the meaning ascribed to such term in Section 4.28 hereof. "Aggregate Purchase Price" shall have the meaning ascribed to such term in Section 4.28 hereof. "Annualized Net Operating Income" means the difference between (i) the sum of all Receipts generated during the twelve (12) full calendar months immediately preceding any Determination Date (including any calendar month ending on a Determination Date) less (ii) all Expenses paid during the twelve (12) full calendar months immediately preceding such Determination Date (including any calendar month ending on a Determination Date), provided, however, that if any Determination Date shall occur prior to the first anniversary of the Closing Date, then Annualized Net Operating Income as of such Determination Date shall mean the difference between (i) all Receipts generated from the Closing Date to such Determination Date (the "Ownership Period"), less (ii) all Expenses paid during the Ownership Period, with the resultant remainder divided by the number of days in such Ownership Period, and with the then resultant quotient multiplied by 365.

Affirmative Covenant means any affirmative or similar covenant made by the Borrowers set forth in this Agreement or in any