Covenants of the Borrower Sample Clauses

Covenants of the Borrower. The Borrower covenants and agrees with the Lender that, so long as any Advance is outstanding and until payment in full of all Secured Obligations:

Covenants of the Borrower. The Borrower covenants and agrees with the Lender that, so long as any Loan is outstanding and until payment in full of all Secured Obligations:

Covenants of the Borrower. The Borrower covenants and agrees with the Lenders and the Administrative Agent that, so long as any Commitment, Loan or Letter of Credit Liability is outstanding and until payment in full of all amounts payable by the Borrower hereunder:

Covenants of the Borrower. SECTION 5.01.

Covenants of the Borrower. At all times from the Closing Date until the Final Payout Date:

Covenants of the Borrower. Section 5.1 Affirmative Covenants 45 Section 5.2 Negative Covenants 49

Covenants of the Borrower. The Borrower covenants and agrees with the Lender that as long as the loan is outstanding, it shall: (a) use the loan only for the purposes specified in 1.A. Other loan terms ‘Loan Purpose’; (b) pay all amounts owing (including interest, costs and fees & charges) under this Agreement and any loan or other credit facility agreement between the Borrower and the Lender; (c) refrain from and prevent waste from being committed or against the Borrower’s assets (reasonable wear and tear excepted), and maintain the Assets in good order and repair. Promptly and punctually pay property taxes and all other applicable taxes of any kind whatsoever, and provide proof of payment to the Lender within thirty days of the due date; (d) maintain all its assets and property in accordance with all applicable environmental laws, and advise the Lender promptly of any notices or orders received concerning any of the Borrower(s)’ property. The term environmental laws means all applicable, current and future federal, provincial, territorial, municipal or local statues, regulations, by-laws, rules, ordinances, guidelines, codes of practice, and policies relating to or pertaining to the environment, conservation, occupational health or safety, the storage, handling and transportation of dangerous goods and the storage, handling and sale of gasoline and petroleum products. The Borrower(s) shall indemnify, defend and hold harmless the Lender, its employees, agents, officers and directors, consultants and legal counsel from and against any present or future claims, demands, penalties, fines, liabilities, settlements, damages, costs or expenses arising out of or in any way related to, directly or indirectly, any release, deposit, discharge or disposal of pollutants or hazardous substances or environmental liability of any kind whatsoever. If the Lender, in its sole discretion, deems it necessary, environmental tests or audits shall be conducted at the Borrower(s) expense. In addition to any other provision herein, it shall be a condition precedent to funding that the Borrower(s) will conduct or have conducted an environmental risk assessment (ERA) and that the Lender is satisfied therewith in its sole discretion. If the Lender considers it appropriate based upon the results of the ERA or otherwise, the Lender may require such environmental site inspection report, Phase I, or Phase II to be conducted, at the expense of the Borrower(s), as the Lender deems appropriate or necessary. In such ...

Covenants of the Borrower. Section 7.01.

Covenants of the Borrower. The Borrower covenants and undertakes that so long as the Said Dues shall remain outstanding, and until the full and final payment of all money owing hereunder, it will, unless the Lender waives compliance in writing: (a) promptly inform the Lender of any occurrence of which it becomes aware which might adversely affect the Borrower or affect its ability to perform its obligations under this Agreement; (b) promptly inform the Lender of the occurrence of any Event of Default under this agreement and of the steps being taken to remedy the same and will, from time to time, if so requested by the Lender, confirm to the Lender in writing that save as otherwise stated in such confirmation, no default has occurred and is continuing; (c) pay regularly all taxes, assessments, dues, duties and impositions as may, from time to time, be payable to any Government body or authority and reimburse to Lender, if paid by the Lender in pursuance of this Agreement or on any instruments, issued hereunder; (d) deliver to the Lender in form and details satisfactory to the Lender in such number of copies as the Lender may request audited accounts within such reasonable time from the close of the financial year as may be permitted by the Lender and such other statement or statements or information pertaining to the operations or business of the Borrower as the Lender may require in the context of the said Credit Facility; (e) inform any change taking place in the ownership or control of the Borrower whereby the effective beneficial ownership or control of the Borrower shall change; (f) inform with respect to any material change in the management of the business of the Borrower; (g) The Borrower covenants with the Lender that none of the Borrower’s directors, is/are director or specified near relation of a director of the Lender; (h) The Borrower shall carry on the entire banking transaction of its business only through the Lender. The Borrower further undertakes with the Lender that it shall not bank/maintain any accounts with any bank other than the Lender without no objection certificate from the Lender;. (i) Promptly inform the Lender on the occurrence or likely occurrence of any damage to the Hypothecated Assets and/or Property for any reason whatsoever; (j) Promptly inform the Lender on the occurrence or likely occurrence of any distress or other proceedings of court being taken against the Hypothecated Assets and/or Property: (k) The Borrower undertakes that it shall not wit...