Borrower Affirmative Covenants Clause Samples
The Borrower Affirmative Covenants clause sets out specific actions and obligations that the borrower must fulfill throughout the term of a loan agreement. These typically include requirements such as maintaining proper financial records, complying with applicable laws, providing regular financial statements to the lender, and maintaining insurance on collateral. By clearly outlining these ongoing duties, the clause ensures the lender is kept informed of the borrower's financial health and compliance, thereby reducing risk and promoting transparency during the loan period.
Borrower Affirmative Covenants. Borrower hereby covenants and agrees with Lender that:
Borrower Affirmative Covenants. Borrower hereby covenants and agrees that:
Borrower Affirmative Covenants. Until the Commitment terminates in full and the Obligations are paid and performed in full, Borrower agrees that, unless Lender otherwise agrees in writing in Lender’s absolute and sole discretion:
Borrower Affirmative Covenants. From and after the Closing Date until the repayment in full of the Debt, Borrower hereby covenants and agrees with Administrative Agent and the Lenders that:
Borrower Affirmative Covenants. From the date hereof until payment of the Secured Indebtedness in full, Borrower hereby covenants and agrees with Lender that:
Borrower Affirmative Covenants. Until the Commitment terminates in full and the Obligations are paid and performed in full, ▇▇▇▇▇▇▇▇ agrees that:
Borrower Affirmative Covenants. Until the indefeasible repayment in full of the Debt, Borrower hereby covenants and agrees with Agent and Lenders that:
Borrower Affirmative Covenants. Each Loan Party covenants and agrees with the Lender that, so long as this Agreement remains in effect, each Loan Party shall:
Borrower Affirmative Covenants. Until the Commitment terminates in full and the Obligations are otherwise paid and performed in full, Borrower agrees to be bound by and to perform each of the covenants in this ARTICLE 6.
Borrower Affirmative Covenants. Borrower hereby covenants and agrees with Lender from and after the date hereof and until the full payment and performance of all obligations under the Loan Documents, that: