Operating Covenants definition
Examples of Operating Covenants in a sentence
Such consent is effective, non-withdrawable and not subject to any condition or the performance of any obligation Interim Operating Covenants SpinCo Assets, Comcast Swapped Assets and Taxable Purchase Assets (to the extent currently owned by Comcast) to be operated by Comcast in the ordinary course of business and pursuant to customary limitations/commitments.
Except as set forth on Schedule V, the Operating Covenants have not been modified, amended or supplemented.
Seller’s Operating Covenants and Seller’s Ringfencing Covenants are herein collectively referred to as “Seller’s Covenants”.
The Operating Covenants are each in full force and effect and neither Borrower nor, to Borrower’s Knowledge, any other party to the Operating Covenants, is in default thereunder, and to Borrower’s Knowledge, there are no conditions which, with the passage of time or the giving of notice, or both, would constitute a default thereunder.
In the event Operator or Manager fails to so use and operate the Mortgaged Property, Lender shall have the right to enforce the Operating Covenants directly against Operator and Manager upon Borrower’s failure to do so, in accordance with the provisions of the Instrument and this Assignment.
For the avoidance of doubt, nothing in this Section 6(d) shall limit any Party’s rights to civil discovery pursuant to the applicable rules of any court or arbitral body.Rights and Operating Covenants; Representations and Warranties.
Operating Covenants ..................................................................................
No Distribution by Borrower shall be made or accepted by any Person at any time if, after giving effect to such Distribution, (i) Borrower would be rendered insolvent, (ii) Borrower would be unable to make the required payments under the Loan Documents or otherwise perform its Obligations, (iii) such Distribution would otherwise result in a Material Adverse Change or (iv) after giving effect to such Distribution, any of the Financial and Operating Covenants would be violated.
You agree to use the Premises in compliance with the provisions of attached Exhibit B entitled "Rules, Regulations and Additional Operating Covenants." Certain provision of Exhibit B apply specifically to your employees at the Property.
Interim Operating Covenants · Gold will agree to interim operating covenants applicable to the period between signing and closing consistent with Section 4.11 of the Investment Agreement (provided, however, that the effectiveness of the covenants set forth in Section 4.11(a)(ii) and Section 4.11(b) will not extend beyond the one-year anniversary of the Closing).