Affirmative Covenants of Lessee. Lessee covenants and agrees that he will without demand
Affirmative Covenants of Lessee. Lessee covenants and agrees that it will without demand:
Affirmative Covenants of Lessee. So long as the Lease shall remain unpaid, Lessee will comply with the following requirements:
Affirmative Covenants of Lessee. Lessee shall (a) cause the Equipment to be kept in good condition and use the Equipment only in the manner for which it was designed and intended so as to subject it to only ordinary wear and tear and cause to be made all needed and proper repairs, renewals, and replacements thereto; (b) maintain at all times property damage, fire, theft and comprehensive insurance for the full replacement value of the Equipment, with additional loss payable provisions in favor of Lessor and any assignee of Lessor as their interests may appear, and maintain general liability insurance in amounts satisfactory to Lessor naming Lessor and any assignee of Lessor as insureds with all of said insurance and loss payable provisions to be in form, substance and amount and written by companies reasonably approved by Lessor, and deliver certificates of insurance policies therefor, or duplicates thereof, to Lessor; (c) pay or reimburse Lessor for any and all taxes, assessments and other governmental charges of whatever kind or character, however designated (together with any penalties, fines or interests thereon) levied or based upon or with respect to the Equipment or the Rental or upon the manufacture, purchase, ownership, delivery, leasing, possession, use, storage, operation, maintenance, repair, return or other disposition of the Equipment, or for titling or registering the Equipment, or upon the income or other proceeds received with respect to the Equipment or this Lease provided, however, that Lessee shall pay taxes on or measured by the net income of Lessor and franchise taxes of Lessor only to the extent that such net income taxes or franchise taxes are levied or assessed in lieu of such other taxes, assessments or other governmental charges; (d) pay all shipping and delivery charges and other expenses incurred in connection with the Equipment and pay all lawful claims, whether for labor, materials, supplies, rent or services, which might or could if unpaid become a lien on the Equipment; (e) comply in all material respects with all governmental laws, regulations, requirements and rules, all manufacturers instructions and warranty requirements, and with the conditions and requirements of all policies of insurance with respect to the Equipment and this Lease; (f) mark and identify the Equipment with all information and in such manner as Lessor or its assigns may request from time to time and replace promptly any such markings or identification which are removed, defaced pr de...
Affirmative Covenants of Lessee. The Lessee hereby agrees that so long as this Participation Agreement is in effect, the Lessee shall:
Affirmative Covenants of Lessee. As long as Lessee is in possession of the Leased Premises, Lessee shall:
Affirmative Covenants of Lessee. Until the termination of this Reimbursement Agreement, unless the prior written consent to do otherwise is obtained from the Bank, the Lessee will:
Affirmative Covenants of Lessee. Section 6.1 Affirmative Covenants of Lessee 15
Affirmative Covenants of Lessee. Lessee covenants to Lessor that from and after the Effective Date, and so long as this Lease shall remain in effect:
Affirmative Covenants of Lessee. Section 6.01. Corporate Existence and Tax-Exempt Status 19 Section 6.02. Maintenance and Use of Property 19 Section 6.03. Compliance With Laws and Regulations 20 Section 6.04. Payment of Taxes and Other Charges 20 Section 6.05. Liens and Encumbrances 20 Section 6.06. Licenses and Permits 20 Section 6.07. Indemnity 21 Section 6.08. Insurance 21 Section 6.09. Financial Statements and Other Information 22 Section 6.10. Tax Covenants 23 Section 6.11. Assignment by the Corporation 23 Section 6.12. Covenants Under Other Lease Documents 24 Section 6.13. Performance by Lender 24 Section 6.14. Limitations of Liability 24 Section 6.15. Bank Accounts. 24 Section 6.16. Setoff by Lender 25 ARTICLE VII NEGATIVE COVENANTS OF LESSEE Section 7.01. Liens 25 Section 7.02. Sale of Assets 25 Section 7.03. Consolidation, Merger, Conveyance or Transfer of Property 26 Section 7.04. Accounting 26 Section 7.05. Transfers 26 Section 7.06. Other Defaults 26 ARTICLE VIII DAMAGE, DESTRUCTION AND CONDEMNATION; USE OF NET PROCEEDS Section 8.01. Damages, Destruction and Condemnation; Use of Net Proceeds 26
