Negative Covenants definition

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

Negative Covenants means any negative or similar restrictive covenant made by the Borrowers set forth in this Agreement or in any other Loan Document.

Negative Covenants means any negative or similar restrictive covenant (including, without limitation, under Article 7) made by the Borrowers in this Agreement or in any other Loan Document.

Examples of Negative Covenants in a sentence

• Except as otherwise expressly provided therein, the Issuer shall not waive, amend, modify, supplement or terminate any Transaction Document or any provision thereof other than in accordance with the amendment provisions set forth in such Transaction Document.SECTION 3.8 Negative Covenants.

• All covenants and agreements of the Loan Parties contained in Sections 8.1 [Affirmative Covenants], 8.2 [Negative Covenants] and 8.3 [Reporting Requirements] herein shall continue in full force and effect from and after the date hereof so long as the Borrower may borrow or request Letters of Credit hereunder and until termination of the Commitments and payment in full of the Loans and expiration or termination of all Letters of Credit.

• The Issuer shall not waive timely performance by the Depositor, the Seller or the Servicer of their respective obligations under the Transaction Documents if such waiver would reasonably be expected to materially adversely affect the interests of the Noteholders.SECTION 3.8 Negative Covenants.

• All covenants and agreements of the Loan Parties contained in Sections 7.1 [Affirmative Covenants], 7.2 [Negative Covenants] and 7.3 [Reporting Requirements] herein shall continue in full force and effect from and after the date hereof so long as the Borrower may borrow or request Letters of Credit hereunder and until termination of the Commitments and payment in full of the Loans and expiration or termination of all Letters of Credit.

• The Borrower agrees with the Facility Agent and each Lender that, from the date hereof until all Obligations have been paid and performed in full, the Borrower will perform the obligations set forth in this Clause 9 (Negative Covenants).

More Definitions of Negative Covenants

Negative Covenants. The following negative 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 exceptions and qualifications (consistent with the Propco Bank Debt Documentation Principles) and others to be agreed upon:

Negative Covenants. Substantially the same as those set forth in the First Lien Documentation, with (i) appropriate modifications to reflect the second lien status of the Second Lien Term Loan and (ii) additional cushions, where customary, on the dollar “baskets” in an amount to be mutually agreed. Events of Default Substantially the same as those set forth in the First Lien Documentation, with (i) appropriate modifications to reflect the second lien status of the Second Lien Term Loan, and (ii) cross-payment default and cross-acceleration default to the New First Lien Term Loan. Voting Amendments and waivers of the Second Lien Documentation will require the approval of Second Lien Lenders holding more than 50% of the aggregate amount of the loans and commitments under the Second Lien Credit Agreement (the “Required Lenders”), except that (I) the consent of each Second Lien Lender adversely affected thereby shall be required with respect to (a) increases in the commitment of such Second Lien Lender, (b) reductions of principal, interest or fees of such Second Lien Lender, (c) extensions of final maturity of the loans of such Lender or the due date of any interest or fee payment due to such Second Lien Lender and (II) the consent of each Second Lien Lender shall be required with respect to (x) releases of all or substantially all of the value of the guarantees made by the Guarantors or all or substantially all of the Collateral, (y) changes to “pro rata sharing” provisions and (z) changes in voting thresholds. The Second Lien Documentation shall contain customary provisions relating to “defaulting” Second Lien Lenders (including provisions relating to the suspension of voting rights, rights to receive certain fees, and termination or assignment of commitments or loans of such Second Lien Lenders).

Negative Covenants. Until the Commitments shall have expired or been terminated, the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full, all Letters of Credit shall have expired or been terminated and all LC Disbursements shall have been reimbursed, the Company covenants and agrees that: SECTION 6.01.

Negative Covenants. The following negative covenants, among others, if any, to be negotiated in the Mezz Facility Documentation, will be applicable to the Borrower, CPLV Holding and CPLV Sub, subject to customary exceptions and qualifications (consistent with the Documentation Precedent) and others to be agreed upon; provided, that, such covenants shall in no event be more restrictive than the corresponding covenants in the CPLV Market Debt:

Negative Covenants. Except as set forth in Section 13 of Schedule A, Borrower will not, without Lender's prior written consent, (i) merge or consolidate with another Person, form any new Subsidiary or acquire any interest in any Person; (ii) acquire any assets except in the ordinary course of business and as otherwise permitted by this Agreement and the other Loan Documents; (iii) enter into any transaction outside the ordinary course of business; (iv) sell or transfer any Collateral or other assets, except that Borrower may sell finished goods Inventory in the ordinary course of its business; (v) make any loans to, or investments in, any Affiliate or other Person in the form of money or other assets; (vi) incur any debt outside the ordinary course of business; (vii) guaranty or otherwise become liable with respect to the obligations of another party or entity; (viii) pay or declare any dividends or other distributions on Borrower's stock, if Borrower is a corporation (except for dividends payable solely in capital stock of Borrower) or with respect to any equity interests, if Borrower is not a corporation; (ix) redeem, retire, purchase or otherwise acquire, directly or indirectly, any of Borrower's capital stock or other equity interests; (x) make any change in Borrower's capital structure; (xi) dissolve or elect to dissolve; (xii) pay any principal or interest on any indebtedness owing to an Affiliate, (xiii) enter into any transaction with an Affiliate other than on arms-length terms; or (xiv) agree to do any of the foregoing.

Negative Covenants are hereby amended and restated as follows:

Negative Covenants. Similar to the Pinnacle Credit Agreement.