Covenant Group definition

Covenant Group means each Obligor (other than the Company) and each Subsidiary of such Obligor.

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Covenant Group means the Group excluding Hungarian Telephone and Cable Corporation.

Covenant Group means NTL CC and any subsidiary of NTL CC which is a holding company of the Parent.

Examples of Covenant Group in a sentence

• Each Obligor shall procure that no substantial change is made to the general nature of the business of the Obligors or of any member of the Covenant Group taken as a whole from that carried on at the date of this Agreement.

• Each Obligor shall (and shall ensure that each other member of the Covenant Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business.

• Each Obligor shall (and shall ensure that each member of the Covenant Group will) comply in all respects with all laws, permits and licences which are material to the conduct of its business.

• An Obligor or any other member of the Covenant Group suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business or changes the nature of its business from that undertaken as at the date of this Agreement without the express prior written consent of the Lender.

• It and each member of the Covenant Group has a good, valid and marketable title to, or valid leases or licences of, and all appropriate Authorisations to use, the assets necessary to carry on its business as presently conducted.

More Definitions of Covenant Group

Covenant Group means the Intermediate Parent, any subsidiary of the Intermediate Parent which is a direct or indirect holding company of the Borrower, the Borrower and the other members of the UK Group. For the avoidance of doubt, the Parent is not a member of the Covenant Group.

Covenant Group means the Borrower and all partner enterprises and linked enterprises of the Borrower, as such terms are defined in the Commission Recommendation, except that for these purposes any partner enterprise or linked enterprise of the Borrower that is a private equity or venture capital entity shall be ignored.

Covenant Group means each member of the Group other than K2021, K2020 and Cash Connect Capital.

Covenant Group means the Intermediate Parent, any subsidiary of the Intermediate Parent which is a direct or indirect holding company of the Borrower, the Borrower and the other members of the UK Group. For the avoidance of doubt, neither New NTL nor the Parent is a member of the Covenant Group.

Covenant Group means New NTL and any subsidiary of New NTL which is a holding company of the Parent (such subsidiaries of New NTL, at the Second Restatement Amendment Effective Date, being New Holdco and NTL UK).