Common use of Covenants of Each Grantor Clause in Contracts

Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner satisfactory to the Issuing Lender) and the Commitments shall have terminated or (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:

Appears in 3 contracts

Samples: Assumption Agreement (RSC Equipment Rental, Inc.), The Credit Agreement (RSC Holdings Inc.), Assumption Agreement (RSC Holdings Inc.)

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Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations Obligations, and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner satisfactory to the applicable Issuing LenderLenders) and the Commitments shall have terminated or terminated, (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of eitherany Restricted Subsidiary) in accordance with the terms of the Credit AgreementAgreement or (iii) as to any Grantor, the designation of such Grantor as an Unrestricted Subsidiary:

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Unistrut International Holdings, LLC), Guarantee and Collateral Agreement (Unistrut International Holdings, LLC)

Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner satisfactory to the Issuing Lender) and the Commitments shall have terminated or (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than HoldingsCCMGC, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Hertz Corp), Guarantee and Collateral Agreement (Hertz Corp)

Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner reasonably satisfactory to the applicable Issuing LenderLenders) and the Commitments shall have terminated or terminated, (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of eitherRestricted Subsidiary) in accordance with the terms of the Credit AgreementAgreement or (iii) as to any Grantor, the designation of such Grantor as an Unrestricted Subsidiary:

Appears in 2 contracts

Samples: Collateral Agreement (Hertz Global Holdings Inc), Guarantee and Collateral Agreement (Hertz Corp)

Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. Collateral Administrative Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner satisfactory to the Issuing Lender) and the Commitments shall have terminated or (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than HoldingsHolding, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (VWR International, Inc.), Guarantee and Collateral Agreement (VWR International, Inc.)

Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner satisfactory to the Issuing Lender) and the Term Loan Commitments shall have terminated or (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (New Sally Holdings, Inc.)

Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. Revolving Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner satisfactory to the Issuing Lender) and the Commitments shall have terminated or terminated, (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary any of eitherits Restricted Subsidiaries) in accordance with the terms of the Revolving Credit AgreementAgreement or (iii) as to any Grantor, the designation of such Grantor as an Unrestricted Subsidiary:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Great North Imports, LLC)

Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner reasonably satisfactory to the applicable Issuing LenderLenders) and the Commitments shall have terminated or terminated, (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of eitherRestricted Subsidiary) in accordance with the terms of the Credit Agreement:Agreement or (iii) as to any Grantor, the designation of such Grantor as an Unrestricted Subsidiary.

Appears in 1 contract

Samples: Canadian Guarantee and Collateral Agreement (Hertz Global Holdings Inc)

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Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. ABL Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner satisfactory to the Issuing Lender) and the Commitments shall have terminated or terminated, (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary any of eitherits Restricted Subsidiaries) in accordance with the terms of the Credit AgreementAgreement or (iii) as to any Grantor, the designation of such Grantor as an Unrestricted Subsidiary:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Great North Imports, LLC)

Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. Revolving Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner satisfactory to the Issuing LenderBank) and the Revolving Commitments shall have terminated or terminated, (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of eitherRestricted Subsidiary) in accordance with the terms of the Revolving Credit AgreementAgreement or (iii) as to any Grantor, the designation of such Grantor as an Unrestricted Subsidiary:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Servicemaster Co)

Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner satisfactory to the Issuing Lender) and the Commitments shall have terminated or (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than HoldingsCCMG Corporation, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:

Appears in 1 contract

Samples: Canadian Guarantee and Collateral Agreement (Hertz Corp)

Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cash, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized in a manner satisfactory to the Issuing Lender) and the Commitments shall have terminated or (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than Holdings, the Parent Borrower or a Subsidiary of either) in accordance with the terms of the Credit Agreement:

Appears in 1 contract

Samples: Collateral Agreement (New Sally Holdings, Inc.)

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