AFFIRMATIVE Sample Clauses
The 'Affirmative' clause typically requires a party to make positive statements or representations regarding certain facts or conditions. In practice, this clause may obligate a party to confirm compliance with laws, the accuracy of information provided, or the existence of specific rights or assets. Its core function is to ensure that all parties have clear, reliable assurances about key matters, thereby reducing uncertainty and allocating risk if those assurances prove false.
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AFFIRMATIVE. From and including the Effective Date until Closing or the earlier termination of this Agreement, Seller shall: (i) maintain, repair and keep each Location in good condition and repair in the ordinary course in all material respects and in material compliance with all Legal Requirements and matters of record; (ii) maintain the insurance coverage currently in effect for the Property, or comparable coverage, through the Closing Date; and (iii) give prompt written notice to Buyer upon: (A) receiving any written notices of default or any written notices of lawsuits affecting Seller and/or any part of the Property; (B) receiving any written notices of lawsuits affecting Lease Guarantor which could reasonably be expected to have a material adverse effect on Lease Guarantor’s ability to perform its obligations under any Lease Guaranty; (C) acquiring knowledge of any casualty or condemnation of any part of any Location, whether actual, or pending; (D) acquiring knowledge of the presence of any Hazardous Substances in violation of any Environmental Law on, in, under or about any part of any Location; (E) receiving written notice from a Governmental Authority of a material violation of any Legal Requirements with respect to the condition or use of any part of a Location; (F) acquiring knowledge of the conduct or occurrence of an inspection of any part of a Location by a Governmental Authority; or (G) acquiring knowledge of any fact or circumstance that renders (or is likely to render as of the Closing Date) any of Seller’s or Lease Guarantor’s representations or warranties untrue or inaccurate in any material respect, or any of the conditions of this Agreement unfulfilled. Seller shall provide to Buyer, when the results become available to Seller but in any event prior to five (5) Business Days prior to the end of the Due Diligence Period, sales and EBITDAR reports for each Location covering Seller’s fiscal quarter ending January 31, 2016 on a then last 12 month basis (collectively, the “Interim Financial Reports”).
AFFIRMATIVE. COVENANTS Borrower covenants that so long as Bank remains committed to extend credit to Borrower pursuant hereto, or any liabilities (whether direct or contingent, liquidated or unliquidated) of Borrower to Bank under any of the Loan Documents remain outstanding, and until payment in full of all obligations of Borrower subject hereto, Borrower shall, and shall cause each of its subsidiaries to, unless Bank otherwise consents in writing: SECTION
AFFIRMATIVE. COVENANTS For so long as this Agreement is in effect, the Borrower shall comply with the following covenants: Section
AFFIRMATIVE. CovenantsThe Borrower covenants that, so long as any amount is owing to the Banks hereunder or under any other Loan Document to which it is a party (other than indemnities and other contingent obligations not then due and payable and as to which no claim has been made) or any Letter of Credit is outstanding under this Agreement or any Bank shall have any Commitment outstanding under this Agreement:
AFFIRMATIVE. Without prejudice to any other obligations undertaken by the Debtor and Guarantors in this Agreement and while there is any outstanding amount due to the Creditor under this Agreement or any of the Credit Documents, the Debtor, Guarantors, and CorpFinancial, as appropriate in each case, are bound to fulfill the following affirmative covenants, which are expressly accepted by the Creditor: /a/ The Debtor, Guarantors and CorpFinancial are bound to deliver on an annual basis their individual financial information, if appropriate, consolidated by the Debtor and the Guarantors, and any other relevant information of the companies that are members of CorpGroup including any information required to verify the debt ceiling referred to in paragraph /a/ of Section Eleven below, no later than 20 days from the expiration date of each of such annual periods. To such effects, all information that on account of its nature could be considered as a Material Event shall be considered as relevant information, according to the provisions set forth in the General Rule No. 30, of the Chilean Superintendency of Securities and Insurance or any other rule that may supplement or replace them. /b/ The Debtor and the Guarantors are bound to deliver semiannually unaudited financial information, whether individual and consolidated of the Debtor and the Guarantors, in the same format as the audited financial information is delivered, but without the need to include any explanatory notes, including a certificate regarding compliance with the debt ceiling referred to paragraph /a/ Section Eleven below, no later than 90 days following the expiration of each semiannual period, in terms satisfactory to the Creditor. /c/ Simultaneously with the delivery of the information identified in the previous paragraph, Debtor agrees to deliver to the Agent Bank, on a semi-annual basis, on June 30 and December 31 of each year, a certificate signed by the general manager or by his substitute, evidencing compliance with Debtor’s Obligations. /d/ The Debtor agrees to subordinate and cause the relevant creditors to pledge their respective rights to the debts that the Debtor could have to its shareholders or partners, Related persons, in terms substantially identical to the Pledge and Subordination Agreement, in the form indicated in EXHIBIT “F” hereof, and which is notarized under the same repertoire number as this public deed, and is made a part of this Agreement to all legal effects, at a market interest r...
AFFIRMATIVE. COVENANTS Borrower shall do all of the following: 6.1
AFFIRMATIVE. COVENANTS Each of the Loan Parties hereby covenants and agrees that on the Closing Date and thereafter until the Facility Termination Date:
AFFIRMATIVE. COVENANTS During the term of this Agreement and until termination of the availability of Credit Extensions and payment and performance in full of all Obligations and Guarantor Obligations of each Loan Party under the Loan Documents, each Loan Party agrees that, unless Required Lenders shall otherwise consent in writing: 12.1
AFFIRMATIVE. COVENANTSEach Credit Party covenants and agrees that until the date on which the Obligations shall have been paid in full or otherwise satisfied (other than with respect to contingent indemnification obligations for which no claim has been made and Letters of Credit that have been Cash Collateralized and other obligations of each Credit Party hereunder or under any other Credit Document which, by their express terms, survive such payment in full or satisfaction), and the Commitments hereunder shall have expired or been terminated (such date, the “Termination Date”), such Credit Party shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7.
AFFIRMATIVE. COVENANTS So long as any Lender shall have any Commitment hereunder, any Loan or other Loan Obligation hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding (other than Letters of Credit that have been backstopped, Cash Collateralized or as to which other arrangements reasonably satisfactory to the Administrative Agent and the applicable L/C Issuer have been made), Parent Borrower shall, and shall (except in the case of the covenants set forth in Section 6.01, Section 6.02 and Section 6.03) cause each Restricted Subsidiary to: Section