Common use of Covenants of Each Grantor Clause in Contracts

Covenants of Each Grantor. Each Grantor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Amounts 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 any Letter of Credit that has been cash collateralized, or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing Lender) and the Commitments shall have 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, Parent Borrower or a Restricted Subsidiary), or any other transaction or occurrence as a result of which such Grantor ceases to be a Restricted Subsidiary, in each case in accordance with the terms of the Credit Agreement or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary:

Covenants of Each Grantor. Each Grantor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Amounts 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 any Letter of Credit that has been cash collateralized, or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing Lender) and the Commitments shall have 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, Parent a Borrower or a Restricted Subsidiary), or any other transaction or occurrence as a result of which such Grantor ceases to be a Restricted Subsidiary, in each case in accordance with the terms of the Credit Agreement or (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary: 5.2.1 [Reserved]. 5.2.2 [Reserved].

Covenants of Each Grantor. Each Grantor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans, any Reimbursement Amounts 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 any Letter Letters of Credit that has have been cash collateralized, or otherwise provided for collateralized in a manner reasonably satisfactory to the applicable Issuing LenderLenders) and the Commitments shall have terminated, (ii) as to any Grantor, the date upon which a sale or other disposition of all of the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than to Holdings, the Parent Borrower or a any Restricted Subsidiary), or or, if such Grantor is a Subsidiary of the Parent Borrower, any other transaction or occurrence as a result of which such Grantor ceases to be a Restricted SubsidiarySubsidiary of the Parent Borrower, in each case in accordance with the terms of that is permitted under the Credit Agreement or Agreement, (iii) as to any Grantor, such Grantor becoming an Excluded Subsidiary:Subsidiary or (iv) as to Holdings, Holdings is released from its obligations hereunder pursuant to Subsection 9.16(h).