Common use of Covenants of Each Pledgor Clause in Contracts

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the Loans, any Reimbursement 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 Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to each applicable Issuing Bank) and the Commitments shall have terminated, (ii) as to any Pledgor, a sale or other disposition of all the Capital Stock of such Pledgor (other than to the Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Pledgor ceases to be a Restricted Subsidiary of the Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any Pledgor, such Pledgor becoming an Excluded Subsidiary:

Appears in 2 contracts

Sources: First Lien Credit Agreement (PharMEDium Healthcare Holdings, Inc.), First Lien Guarantee and Collateral Agreement (PharMEDium Healthcare Holdings, Inc.)

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the Loans, any Reimbursement Obligations 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 Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to each the applicable Issuing BankLenders) and the Commitments shall have terminated, (ii) as to any Pledgor, a sale or other disposition of all the Capital Stock of such Pledgor (other than to the Parent Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Pledgor (other than Holdings) ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any Pledgor, such Pledgor becoming an Excluded Subsidiary:

Appears in 2 contracts

Sources: Canadian Guarantee and Collateral Agreement, Canadian Guarantee and Collateral Agreement (Herc Holdings Inc)

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

Appears in 2 contracts

Sources: Guarantee and Collateral Agreement (Atkore Inc.), Guarantee and Collateral Agreement (Atkore International Group Inc.)

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the Loans, any Reimbursement Obligations 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 Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to each the applicable Issuing BankLenders) and the Commitments shall have terminated, (ii) as to any Pledgor, a sale or other disposition of all the Capital Stock of such Pledgor (other than to the Parent Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Pledgor (other than Holdings) ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any Pledgor, such Pledgor becoming an Excluded Subsidiary:

Appears in 2 contracts

Sources: u.s. Guarantee and Collateral Agreement, Guarantee and Collateral Agreement (Herc Holdings Inc)

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the Loans, any Reimbursement Obligations 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 Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to each applicable Issuing Bankthe Administrative Agent) and the Commitments shall have terminated, (ii) as to any Pledgor, a sale or other disposition of all the Capital Stock of such Pledgor (other than to the a Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Pledgor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any Pledgor, such Pledgor becoming an Excluded Subsidiary:

Appears in 2 contracts

Sources: Abl Guarantee and Collateral Agreement, Abl Guarantee and Collateral Agreement (SiteOne Landscape Supply, Inc.)

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

Appears in 1 contract

Sources: Credit Agreement (Hertz Corp)

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the Loans, any Reimbursement 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 Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to each applicable Issuing Bankthe Administrative Agent) and the Commitments shall have terminated, (ii) as to any Pledgor, a sale or other disposition of all the Capital Stock of such Pledgor (other than to the a Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Pledgor (other than Holding) ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any Pledgor, such Pledgor becoming an Excluded Subsidiary:

Appears in 1 contract

Sources: Abl Guarantee and Collateral Agreement (Us LBM Holdings, Inc.)

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the Loans, any Reimbursement Obligations and all other Obligations then due and owing shall have been paid in full in cashfull, no Letter of Credit shall be outstanding (except for Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to each applicable Issuing Bank) and the Commitments shall have terminated, (ii) as to any Pledgor, a sale or other disposition of all the Capital Stock of such Pledgor (other than to the a Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Pledgor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any Pledgor, such Pledgor becoming an Excluded Subsidiary:

Appears in 1 contract

Sources: First Lien Guarantee and Collateral Agreement (Mauser Group B.V.)

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Common Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the Loans, any Reimbursement Obligations 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 Letters any Letter of Credit that have has been cash collateralized collateralized, or otherwise provided for in a manner reasonably satisfactory to each the applicable Issuing BankLender) and the Commitments shall have terminated, (ii) as to any Pledgor, a sale or other disposition of all the Capital Stock of such Pledgor shall have been sold or otherwise disposed of (to a Person other than to the Holdings, Parent Borrower or a Subsidiary GuarantorRestricted Subsidiary), or any other transaction or occurrence as a result of which such Pledgor (other than Holdings) ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is as permitted under the terms of the applicable Credit Agreement or (iii) as to any Pledgor, such Pledgor becoming an Excluded Subsidiary:

Appears in 1 contract

Sources: Guarantee and Collateral Agreement (Hertz Corp)

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the Loans, any Reimbursement 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 Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to each applicable Issuing Bank) and the Commitments shall have terminated, (ii) as to any Pledgor, a sale or other disposition of all the Capital Stock of such Pledgor (other than to the Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Pledgor (other than Holding) ceases to be a Restricted Subsidiary of the Borrower, in each case that is permitted under the Credit Agreement or (iii) as to any Pledgor, such Pledgor becoming an Excluded Subsidiary:

Appears in 1 contract

Sources: Guarantee and Collateral Agreement (Servicemaster Co, LLC)

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

Appears in 1 contract

Sources: Guarantee and Collateral Agreement (Hertz Global Holdings, Inc)

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the Loans, any Reimbursement 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 Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to each applicable Issuing BankLender) and the Commitments shall have terminated, (ii) as to any PledgorPledgor (other than the Parent), a sale or other disposition of all the Capital Stock of such Pledgor (other than to the Parent, a Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Pledgor ceases to be a Restricted Subsidiary of the BorrowerParent, in each case that is permitted under the Credit Agreement or (iii) as to any PledgorPledgor (other than the Parent), such Pledgor being or becoming an Excluded Subsidiary:

Appears in 1 contract

Sources: Abl Guarantee and Collateral Agreement (Nci Building Systems Inc)

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Canadian Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the Loans, any Reimbursement Obligations 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 Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to each the applicable Issuing BankLenders) and the Commitments shall have terminated, (ii) as to any Pledgor, a sale or other disposition of all the Capital Stock of such Pledgor shall have been sold or otherwise disposed of (to a Person other than to Holdings, the Parent Borrower or a Subsidiary Guarantor), or any other transaction or occurrence Restricted Subsidiary) as a result of which such Pledgor ceases to be a Restricted Subsidiary of the Borrower, in each case that is permitted under the terms of the Credit Agreement or (iii) as to any Pledgor, the designation of such Pledgor becoming as an Excluded Unrestricted Subsidiary:

Appears in 1 contract

Sources: Canadian Guarantee and Collateral Agreement (Hertz Global Holdings Inc)

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier earliest to occur of (i) the Loans, any Reimbursement 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 Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to each applicable Issuing Bankthe Administrative Agent) and the Commitments shall have terminated, (ii) as to any Pledgor, a sale or other disposition of all the Capital Stock of such Pledgor (other than to the a Borrower or a Subsidiary Guarantor), or any other transaction or occurrence as a result of which such Pledgor ceases to be a Restricted Subsidiary of the BorrowerHoldings, in each case that is permitted under the Credit Agreement or (iii) as to any Pledgor, such Pledgor becoming an Excluded Subsidiary:

Appears in 1 contract

Sources: Abl Guarantee and Collateral Agreement (Uci Holdings LTD)

Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the Loans, any Reimbursement Obligations 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 Letters of Credit that have been cash collateralized or otherwise provided for in a manner reasonably satisfactory to each the applicable Issuing BankLenders) and the Commitments shall have terminated, (ii) as to any Pledgor, a the sale or other disposition of all of the Capital Stock of such Pledgor (other than to Holdings, the Parent Borrower or any Restricted Subsidiary), or, if such Pledgor is a Subsidiary Guarantor)of the Parent Borrower, or any other transaction or occurrence as a result of which such Pledgor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the Credit Agreement Agreement, or (iii) as to any Pledgor, such Pledgor becoming an Excluded Subsidiary:.

Appears in 1 contract

Sources: Guarantee and Collateral Agreement (Atkore International Group Inc.)

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

Appears in 1 contract

Sources: Cash Flow Guarantee and Collateral Agreement (Nci Building Systems Inc)