Covenant of Issuer Sample Clauses

A Covenant of Issuer is a contractual promise made by the issuer of a security or debt instrument to undertake or refrain from certain actions during the term of the agreement. Typically, these covenants may require the issuer to maintain specific financial ratios, provide regular financial reporting, or restrict activities such as incurring additional debt or selling key assets. The core practical function of this clause is to protect the interests of investors or lenders by ensuring the issuer maintains financial stability and transparency, thereby reducing the risk of default or adverse changes in the issuer's financial position.
Covenant of Issuer. Issuer agrees that other than with respect to consummating the Commutation, the Issuer shall comply and continue to comply with all of the terms, covenants and provisions contained in the Indenture, subject to applicable notice, grace and cure periods.
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Covenant of Issuer. ISSUER hereby covenants and agrees until such time as HOLDER has converted One Hundred Percent (100%) of the Debentures into Common Stock, ISSUER shall not repurchase its shares of Common Stock or otherwise enter into any transaction which would cause a decrease in the number of its shares of Common Stock issued and outstanding (other than transactions that similarly decrease the number of shares of Common Stock that the Debentures are convertible into).
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Covenant of Issuer. Not to Merge, Consolidate, Sell or Convey Property Except Under Certain Conditions.....................................40 9.2 Successor Corporation Substituted for Issuer.................................40 9.3 Documents to be Delivered to Trustee.........................................41
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Covenant of Issuer. Issuer agrees: (i) that it shall at all times maintain, free from preemptive rights, sufficient authorized but unissued or treasury shares of Common Stock so that the Option may be exercised without additional authorization of Common Stock, after giving effect to all other options, warrants, convertible securities and other rights to purchase Common Stock; (ii) that it will not, by charter amendment or through reorganization, consolidation,
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Related to Covenant of Issuer

  • Covenants of Issuer In addition to its other agreements and covenants herein, Issuer agrees:

  • Situs of Issuer The Issuer shall be located in the State of Delaware (it being understood that the Issuer may have bank accounts located and maintained outside of Delaware).

  • Covenant of Confidentiality All documents, records, files, manuals, forms, materials, supplies, computer programs, trade secrets and other information which comes into EXECUTIVE's possession from time to time during EXECUTIVE's employment by COMPANY and/or any of COMPANY's subsidiaries or affiliates, shall be deemed to be confidential and proprietary to COMPANY and shall remain the sole and exclusive property of COMPANY. EXECUTIVE acknowledges that all such confidential and proprietary information is confidential and proprietary and not readily available to COMPANY's business competitors. On the effective date of the termination of the employment relationship or at such other date as specified by COMPANY, EXECUTIVE agrees that he will return to COMPANY all such confidential and proprietary items (including, but not limited to, Company marketing material, business cards, keys, etc.) in his control or possession, and all copies thereof, and that he will not remove any such items from the offices of COMPANY.

  • COVENANT OF QUIET ENJOYMENT Landlord covenants that Tenant, on paying the Rent, charges for services and other payments herein reserved and on keeping, observing and performing all the other terms, covenants, conditions, provisions and agreements herein contained on the part of Tenant to be kept, observed and performed, shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Premises subject to the terms, covenants, conditions, provisions and agreements hereof without interference by any persons lawfully claiming by or through Landlord. The foregoing covenant is in lieu of any other covenant express or implied.

  • Covenant of the Company The Company covenants and agrees that this Warrant shall be binding upon any corporation succeeding to the Company by merger, consolidation, or acquisition of all or substantially all of the Company's assets.