Specific Covenants definition

Specific Covenants. The Borrower, any Restricted Subsidiary or, in the case of Section 7.13, Holdings, fails to perform or observe any term, covenant or agreement contained in any of Sections 6.03(a) or 6.05(a) (solely with respect to the Borrower) or Article VII; provided, that, any failure to comply with Section 7.14 shall be subject to cure to the extent provided in Section 8.04;”
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Specific Covenants. The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.01(a) (with respect to the financial statements related to the fiscal year of the Borrower ending June 30, 2024), Section 6.03(a), Section 6.05 (with respect to the preservation of the Borrower’s legal existence), Section 6.11, Section 6.13 or Article VII, or any Guarantor fails to perform or observe any term, covenant or agreement contained in Article X; or”
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Examples of Specific Covenants in a sentence

  • If a Company fails to comply with any of the covenants contained in Clause 9 (Specific Covenants), such Company shall allow (and hereby irrevocably authorises) the Security Trustee and/or such Persons as it shall nominate to take such action on behalf of such Company as shall be necessary to ensure that such covenants are complied with.

  • Each Company shall at any time during the subsistence of the security created by this Debenture and if the Security Trustee so requires, give to the Security Trustee evidence sufficient to satisfy it (acting reasonably) that the provisions of this Clause 9 (Specific Covenants) have been complied with.

  • None of the covenants in Clause 9 (Specific Covenants) shall be construed as limiting any powers exercisable by any Receiver under this Debenture.

  • Any Obligor shall fail to observe or perform any covenant or agreement contained in this Agreement or in any other Finance Document (other than those covered by Clause 17.1 (Failure to Pay) or Clause 17.2 (Specific Covenants)) and such failure, if it is capable of remedy, is not remedied within 30 days after notice thereof has been given to the Account Party by the Agent at the request of any Bank.

  • An Obligor fails to perform or observe any other covenant or agreement (not specified in Clause 22.1 (Non-Payment) or Clause 22.2 (Specific Covenants) above) contained in any Finance Document on its part to be performed or observed and such failure continues for 30 days.

  • The applicable terms of the General Covenants Section 32.25.1 and Specific Covenants Section 32.25.2 of the Lease Agreement shall apply to this contract.

  • Any Loan Party fails to pay (i) when and as required to be paid herein,(a) any amount of principal of any Loan, or (ii) within five (5) Business Days after the same becomes due, any interest on any Loan or any other amount payable hereunder or with respect to any other Loan Document; or Specific Covenants.

  • Subject to Clause 20.16.1(b) (Specific Covenants of Particular Group Companies) and Clause 20.16.8 (Inter-Company Loans), all payments required to be made by any Obligor hereunder shall be calculated without reference to any set-off or counterclaim and shall be made free and clear of and without any deduction for or on account of any set-off or counterclaim.

  • In addition it is understood that Ford and its Sponsor Entity Subsidiaries may otherwise Dispose of their assets except to the extent expressly restricted pursuant to this Section 1.03 (Asset Sale Restrictions) and Sections 1.04 (Fundamental Changes) and 1.06 (Sales and Leasebacks) of Part II-A of Schedule E (Sponsor Entity Specific Covenants).

  • The Company shall at all times during the subsistence of the Security and if the Security Trustee so requires, give to the Security Trustee evidence sufficient to satisfy it that the provisions of this Clause 9 (Specific Covenants) have been complied with.

Related to Specific Covenants

  • Covenants means the covenants set forth in Section 4 of this Agreement.

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

  • Specific Conditions means the conditions negotiated and agreed between the Purchaser and the Supplier incorporated into and appearing on the front of the Order including any Specification.

  • 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.

  • 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.