Common use of Exceptions to Covenants Clause in Contracts

Exceptions to Covenants. The Borrower shall not take any action or fail to take any action which is permitted as an exception to any of the covenants contained in any of the Loan Papers if such action or omission would result in the breach of any other covenant contained in any of the Loan Papers.

Appears in 21 contracts

Samples: Credit Agreement (Qwest Corp), Credit Agreement (Lumen Technologies, Inc.), Credit Agreement (Qwest Corp)

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Exceptions to Covenants. The Borrower shall not be deemed to be permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained in herein or which is within the permissible limits of any of the Loan Papers covenants contained herein if such action or omission would result in the breach of any other covenant contained in any of the Loan Papersherein.

Appears in 15 contracts

Samples: Loan Agreement (Stabilis Solutions, Inc.), Revolver Loan Agreement (Viking Investments Group, Inc.), Loan Agreement (NYTEX Energy Holdings, Inc.)

Exceptions to Covenants. The Borrower shall not take any action or fail be permitted to take any action which is permitted as an exception to by any of the covenants contained in any of the Loan Papers this Agreement if such action or omission would result is in the breach of any other covenant contained in any of the Loan Papersthis Agreement.

Appears in 8 contracts

Samples: Credit Agreement (Alpine Summit Energy Partners, Inc.), Credit Agreement (Alpine Summit Energy Partners, Inc.), Credit Agreement (Lynden Energy Corp.)

Exceptions to Covenants. The Borrower shall may not and may not permit any Company to take any action or fail to take any action which that is permitted as an exception to any of the covenants contained in any of the Loan Papers Paper if such that action or omission would result in the breach of any other covenant contained in any of the Loan PapersPaper.

Appears in 6 contracts

Samples: Credit Agreement (Monro, Inc.), Credit Agreement (Monro Muffler Brake Inc), Credit Agreement (Monro Muffler Brake Inc)

Exceptions to Covenants. The No Borrower shall not take any action or fail to take any action which is permitted as an exception to any of the covenants contained in any of the Loan Papers Documents if such action or omission would result in the breach of any other covenant contained in any of the Loan PapersDocuments.

Appears in 6 contracts

Samples: Amendment and Restatement Agreement (Electronic Data Systems Corp /De/), Credit Agreement (Electronic Data Systems Corp /De/), Credit Agreement (Electronic Data Systems Corp /De/)

Exceptions to Covenants. The Borrower shall may not take any action or fail to take any action which that is permitted as an exception to any of the covenants contained in any of the Loan Papers Paper if such that action or omission would result in the breach of any other covenant contained in any of the Loan PapersPaper.

Appears in 5 contracts

Samples: Toronto Dominion (Union Pacific Resources Group Inc), Assignment and Acceptance Agreement (Union Pacific Resources Group Inc), Credit Agreement (Union Pacific Resources Group Inc)

Exceptions to Covenants. The Borrower shall not, and shall not permit any other Company to, take any action or fail to take any action which is permitted as an exception to any of the covenants contained in any of the Loan Papers Document if such action or omission would result in the breach of any other covenant contained in any of the Loan PapersDocuments.

Appears in 5 contracts

Samples: Credit Agreement (Centex Corp), Credit Agreement (Centex Development Co Lp), And Reimbursement Agreement (Centex Corp)

Exceptions to Covenants. The Borrower shall Borrowers are not permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained in this Agreement or which is within the permissible limits of any of the Loan Papers covenants contained in this Agreement if such action or omission would result in the breach of any other covenant contained in any of the Loan Papersthis Agreement.

Appears in 4 contracts

Samples: Senior Credit Agreement (Unit Corp), Senior Credit Agreement (Unit Corp), Senior Credit Agreement (Unit Corp)

Exceptions to Covenants. The Borrower Borrowers and Guarantor shall not take any no action or nor fail to take any action which is permitted as an exception to any of the covenants contained in any of the Loan Papers Documents relating to Borrowers and Guarantor if such action or omission would result in the breach of any other covenant contained in any of the Loan PapersDocuments.

Appears in 3 contracts

Samples: Credit Agreement (Gateway Energy Corp/Ne), Credit Agreement (Gateway Energy Corp/Ne), Credit Agreement (Gateway Energy Corp/Ne)

Exceptions to Covenants. The Borrower shall may not take any action or fail to take any action which that is permitted as an exception to any of the covenants contained in any of the Loan Papers Document if such that action or omission would result in the breach of any other covenant contained in any of the Loan PapersDocument.

Appears in 3 contracts

Samples: Credit Agreement (Murphy Oil Corp /De), Credit Agreement (Foxmeyer Health Corp), Credit Agreement (U S Restaurant Properties Inc)

Exceptions to Covenants. The Borrower shall not take any action or fail to take any action which is permitted as an exception to any of the covenants contained in any of the Loan Papers Documents if such action or omission would result in the breach of any other covenant contained in any of the Loan PapersDocuments.

Appears in 3 contracts

Samples: Loan Agreement (E Loan Inc), Loan Agreement (E Loan Inc), Loan Agreement (Long Beach Holdings Corp)

Exceptions to Covenants. The Borrower shall not be deemed to be permitted to take any action or to fail to take any action which that is permitted as an exception to any of the covenants contained covenant in any Loan Papers, or that is within the permissible limits of the Loan Papers any covenant, if such action or omission would result in the breach a violation of any other covenant contained in any of the Loan Papers.

Appears in 2 contracts

Samples: Equipment Revolving Loan Agreement (Franchise Finance Corp of America), Revolving Loan Agreement (Franchise Finance Corp of America)

Exceptions to Covenants. The No Borrower shall not take or permit to be taken any action or fail to take any action which is permitted as an exception to by any of the covenants contained in any of the Loan Papers this Agreement if such action or omission would result in the breach of any other covenant contained in any of the Loan Papersthis Agreement.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Amresco Inc), Loan Agreement (Amresco Inc)

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Exceptions to Covenants. The Borrower shall may not take any action or fail to take any action which is ----------------------- permitted as an exception to any of the covenants contained in any of the Loan Papers Document if such that action or omission would result in the breach of any other covenant contained in any of the Loan PapersDocument.

Appears in 1 contract

Samples: Credit Agreement (Vail Resorts Inc)

Exceptions to Covenants. The Neither Parent nor any Borrower shall not ----------------------- take any action or fail to take any action which is permitted as an exception to any of the covenants contained in any of the Loan Papers Documents if such action or omission would result in the breach of any other covenant contained in any of the Loan PapersDocuments.

Appears in 1 contract

Samples: Loan Agreement (Petroglyph Energy Inc)

Exceptions to Covenants. The Borrower shall not take any action or fail ----------------------- to take any action which is permitted as an exception to any of the covenants contained in any of the Loan Papers Documents if such action or omission would result in the breach of any other covenant contained in any of the Loan PapersDocuments.

Appears in 1 contract

Samples: Loan Agreement (Petroglyph Energy Inc)

Exceptions to Covenants. The Borrower shall not take any action or fail to take any action which is permitted as an exception to any of the covenants contained in any of the Loan Papers Credit Documents if such action or omission would result in the breach of any other covenant contained in any of the Loan PapersCredit Documents.

Appears in 1 contract

Samples: Credit Agreement (E Loan Inc)

Exceptions to Covenants. The Borrower shall not be deemed to be permitted to take any action or fail to take any action which is permitted as an under any exception to any covenant contained herein or by reason of the covenants permissible limits contained in any of the Loan Papers covenant contained herein if such action or omission would result in the breach violation of any other covenant contained in any of the Loan Papersherein.

Appears in 1 contract

Samples: Loan and Warrant Purchase Agreement (Best Software Inc)

Exceptions to Covenants. The Borrower shall not take any action or fail to take any action which is permitted as an exception to any of the covenants contained in any of the Loan Papers if such action or omission would result in the breach of any other covenant contained in any of the Loan Papers.

Appears in 1 contract

Samples: Credit Agreement (Schlotzskys Inc)

Exceptions to Covenants. The Borrower shall not be deemed to be permitted to take any action or fail to take any action which is permitted as an exception to any of the covenants contained in any of the Loan Papers Documents if such action or omission would result in the breach of any other covenant contained in any of the Loan PapersDocuments.

Appears in 1 contract

Samples: Loan and Security Agreement (Gundle SLT Environmental Inc)

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