Covenant of the Lenders Sample Clauses

Covenant of the Lenders. Each Lender represents and warrants, as to itself, to the Borrower that such Lender has not granted any Liens on any of the funds on deposit in the Credit-Linked Account and covenants for the benefit of the Borrower that such Lender shall not grant any Lien on any such funds on deposit but shall instead keep such funds free and clear of any Liens.
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Covenant of the Lenders. Each Lender cove�nts with each other Lender and with the Agent that so ,long as any Lender shell have any commitment to make any Adv,mce hereunder, such Lender, in its individual capacity, shall promptly, and shall cause any bank or other entity (which bank or entity is either a subsidiary or affiliate of said X.xxxxx) which is not a Lender here­ under, to promptly notify the Agent ot any non-payment of any payments of principal, interest or fees to be paid directly to it hereunder.
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Covenant of the Lenders. Each Lender hereby agrees that, upon repayment in full in cash of all Loans relating to any Property, such Lender shall execute and deliver to the Lessee a release of any Lender Deed of Trust in favor of such Lender relating to such Property, releases of the Construction Agency Agreement Assignment and Assignment of Leases and Rents (in each case to the extent relating to such Property), and termination statements for any financing statements relating to such Property which are then of record naming such Lender as secured party. Each Lender agrees to grant any license or easement to the Lessee reasonably necessary for the use and enjoyment of the Property.
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Related to Covenant of the Lenders

  • Covenants of the Loan Parties Section 5.01 Affirmative Covenants 76 Section 5.02 Negative Covenants 80 Section 5.03 Reporting Requirements 86 Section 5.04 Financial Covenants 89 ARTICLE VI

  • Covenants of the Borrowers SECTION 5.01.

  • AFFIRMATIVE COVENANTS OF THE BORROWERS Each Borrower (as to itself and its Subsidiaries, as applicable) covenants and agrees that, so long as any Loan or any Note is Outstanding or any Bank has any obligation to make any Loans:

  • Reliance by Agents and Lenders The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic Committed Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower in the absence of gross negligence or willful misconduct. All telephonic notices to the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

  • Covenants of the Borrower SECTION 5.01.

  • NEGATIVE COVENANTS OF THE BORROWERS Unless the Majority Lenders shall otherwise consent in writing, so long as any amount payable by any Borrower hereunder shall remain unpaid, any Letter of Credit for the account of any Borrower shall remain outstanding or any Lender shall have any Commitment to any Borrower hereunder, such Borrower will not:

  • Reliance by Agent and Lenders The Agent and the Lenders shall be entitled to rely and act upon any notices purportedly given by or on behalf of the Loan Parties even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify the Agent, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Loan Parties. All telephonic notices to and other telephonic communications with the Agent may be recorded by the Agent, and each of the parties hereto hereby consents to such recording.

  • CERTAIN NEGATIVE COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligations to issue, extend or renew any Letters of Credit:

  • Affirmative Covenants of the Borrower So long as any Advance shall remain unpaid or the Liquidity Provider shall have any Maximum Commitment hereunder or the Borrower shall have any obligation to pay any amount to the Liquidity Provider hereunder, the Borrower will, unless the Liquidity Provider shall otherwise consent in writing:

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