Specific Covenants definition

Specific Covenants. The Borrower, any Restricted Subsidiary or, in the case of Section 7.13, Holdings, fails to perform or observe any term, covenant or agreement contained in any of Sections 6.03(a) or 6.05(a) (solely with respect to the Borrower) or Article VII; provided, that, any failure to comply with Section 7.14 shall be subject to cure to the extent provided in Section 8.04;”
Sample 1

Examples of Specific Covenants in a sentence

  • If a Company fails to comply with any of the covenants contained in Clause 9 (Specific Covenants), such Company shall allow (and hereby irrevocably authorises) the Security Trustee and/or such Persons as it shall nominate to take such action on behalf of such Company as shall be necessary to ensure that such covenants are complied with.

  • Each Company shall at any time during the subsistence of the security created by this Debenture and if the Security Trustee so requires, give to the Security Trustee evidence sufficient to satisfy it (acting reasonably) that the provisions of this Clause 9 (Specific Covenants) have been complied with.

  • None of the covenants in Clause 9 (Specific Covenants) shall be construed as limiting any powers exercisable by any Receiver under this Debenture.

  • Any Obligor shall fail to observe or perform any covenant or agreement contained in this Agreement or in any other Finance Document (other than those covered by Clause 17.1 (Failure to Pay) or Clause 17.2 (Specific Covenants)) and such failure, if it is capable of remedy, is not remedied within 30 days after notice thereof has been given to the Account Party by the Agent at the request of any Bank.

  • Any Obligor shall fail to observe or perform any covenant or agreement contained in this Agreement or in any other Finance Document (other than those covered by Clause 16.1 (Failure to Pay) or Clause 16.2 (Specific Covenants)) and such failure, if, in the reasonable opinion of the Majority Banks, it is capable of remedy, is not remedied within 30 days after notice thereof has been given to the Account Party by the Agent at the request of any Bank.

  • Upon the occurrence of an Event of Default under Section 7.1.1 (Failure to Pay), Section 7.1.3 (Failure to Comply with Specific Covenants), Section 7.1.6 (Receiver; Bankruptcy), Section 7.1.7 (Involuntary Bankruptcy), Section 7.1.8 (Judgment), Section 7.1.9 (Default Under Other Borrowings) or Section 7.1.13 (Liquidation, Termination, Dissolution), the Administrative Agent shall be entitled to record immediately the Deeds of Trust, at the expense of the Borrowers.

  • Any Loan Party fails to pay in the currency required hereunder (i) when and as required to be paid herein, any amount of principal of any Loan, or (ii) within five (5) Business Days after the same becomes due, any interest on any Loan or any other amount payable hereunder or with respect to any other Loan Document; or (b) Specific Covenants.

  • An Obligor fails duly to perform or comply with any of the obligations expressed to be assumed by it in any Transaction Document (other than those referred to in Clause 22.3 (Specific Covenants) or Clause 22.4 (Financial Condition)) and such failure is not remedied within 30 days after the Administrative Agent has given notice thereof to the Parent Guarantor.

  • Any Loan Party fails to pay (i) when and as required to be paid herein,(a) any amount of principal of any Loan, or (ii) within five (5) Business Days after the same becomes due, any interest on any Loan or any other amount payable hereunder or with respect to any other Loan Document; or Specific Covenants.

  • Section 8.01(b) (Specific Covenants) of the Existing Credit Agreement is hereby amended to add a reference to “Section 6.25” and “Section 10.25” to the list of Sections in clause (i) therein.

Related to Specific Covenants

  • Covenants means the covenants set forth in Section 4 of this Agreement. To acknowledge your agreement to and acceptance of the terms and conditions of this Agreement, please sign below in the space provided within five (5) days of the date of this Agreement and return a signed copy to my attention. If the Agreement is not signed and returned within (5) days, the terms and conditions of this Agreement will be deemed withdrawn. Sincerely, MEDQUIST INC. By: Xxxxx X. Xxxxxxx President Accepted and Agreed:

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Affirmative Covenants The following affirmative covenants, among others, if any, to be negotiated in the Senior Facilities Documentation, will apply (to be applicable to the Borrower and its restricted subsidiaries), subject to customary (consistent with the Documentation Precedent) and other baskets, exceptions and qualifications to be agreed upon: maintenance of corporate existence and rights; performance and payment of obligations; delivery of annual and quarterly consolidated financial statements (accompanied by customary management discussion and analysis and (annually) by an audit opinion from nationally recognized auditors that is not subject to any qualification as to scope of such audit or going concern) (other than solely with respect to, or resulting solely from an upcoming maturity date under any series of indebtedness occurring within one year from the time such opinion is delivered) (with extended time periods to be agreed for delivery of the first annual and certain quarterly financial statements to be delivered after the Closing Date) and an annual budget (it being understood that the public REIT reporting that includes the Borrower shall satisfy the Borrower’s reporting obligations so long as it includes a consolidating income statement and balance sheet for the Borrower); delivery of notices of default and material adverse litigation, ERISA events and material adverse change; maintenance of properties in good working order; maintenance of books and records; maintenance of customary insurance; commercially reasonable efforts to maintain ratings (but not a specific rating); compliance with laws; inspection of books and properties; environmental; additional guarantors and additional collateral (subject to limitations set forth under the captions “Guarantees” and “Security”); further assurances in respect of collateral matters; use of proceeds; and payment of taxes.

  • Negative Covenants means any negative or similar restrictive covenant (including, without limitation, under Article 7) made by the Borrowers in this Agreement or in any other Loan Document.

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).

  • Maintenance Covenant A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, that exists regardless of whether or not such borrower has taken any specified action and includes a covenant that applies only when the related loan is funded.

  • Environmental covenant means a servitude arising under an environmental response project that imposes activity and use limitations.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Financial Covenant means the covenant set forth in Section 7.09.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Events of Default has the meaning specified in Section 6.01.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • Perfection Representations means the representations, warranties and covenants set forth in Schedule 1 attached hereto.

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Basic Lease Provisions means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

  • Permitted Remedies means, with respect to any securities, one or more of the following remedies:

  • Covenant Compliance Worksheet means a fully completed worksheet in the form of Attachment A to Exhibit C.

  • Financial Covenant Debt of any Person means Indebtedness of the type specified in clauses (a), (b), (d), (e), (f) and (h) of the definition of “Indebtedness,” non-contingent obligations of the type specified in clause (c) of such definition and Guaranty Obligations of any of the foregoing.

  • Representations and Warranties The energy service under this Agreement will meet the applicable LDU’s standards and may be supplied from a variety of sources. Tomorrow Energy makes no representations or warranties other than those expressly set forth in this Agreement, and Tomorrow Energy expressly disclaims all other warranties, express or implied, including warranties of merchantability and fitness for a particular purpose.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Debt Service Requirements means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers.