General Affirmative Covenants Clause Samples

General Affirmative Covenants. Borrower covenants to Lender that from and after the date hereof, and so long as any amounts remain unpaid on account of the Note: (a) All business records of ▇▇▇▇▇▇▇▇ will be kept at the principal place of business and will not be removed therefrom without the prior written consent of Lender. (b) Borrower will execute and/or deliver to Lender any instrument, invoice, document, assignment or other writing which may be necessary or convenient to Lender to carry out the terms of this Agreement, and to perfect its security interest in and facilitate the collection of the Collateral, the proceeds thereof, and any other property at any time constituting security to Lender. (c) Borrower will sign all documents or amendments to such documents as may be necessary to bring all loan documents into compliance with the requirements of the Department of Community Affairs (DCA), now or hereafter adopted. (d) Lender, or any person or persons designated by it, shall have the right to call at the place or places of business of Borrower at any reasonable time, and without hindrance or delay, to inspect, audit, check and make extracts from the Borrower's books, records, journals, orders, receipts and any correspondence and other data relating to ▇▇▇▇▇▇▇▇'s business or to any other transactions between or among the parties hereto. (e) Borrower will, at the request of ▇▇▇▇▇▇ and promptly thereafter not to exceed a period of thirty (30) days, furnish to Lender a status report, certified by Borrower (or an accounting officer or executive officer of Borrower, as applicable), showing the financial condition of Borrower as of the date of said request. All accounts and all books, records and documents relating thereto are and will be genuine and in all respects what they purport to be. (f) Borrower shall, as soon as practicable beginning August 1, 2010, and in any event, within 60 days after the end of each of its fiscal years, furnish to Lender a compiled financial statement of Borrower, including balance sheets and income statements, for the year just ended, prepared by a licensed certified public accountant acceptable to ▇▇▇▇▇▇ and Borrower. (g) Borrower shall pay and discharge all taxes, assessments, and governmental charges against it, or upon its income and its properties prior to the date on which penalties attach thereto, unless and to the extent only that such taxes, assessments and governmental charges shall be contested in good faith and by appropriate proceedings by Borr...

General Affirmative Covenants. Borrower shall, at all times during the term of the Revolving Credit and at all times that any advances hereunder are outstanding, do the following:

General Affirmative Covenants. Borrower covenants to Lender that from and after the date hereof, and until such time as the Obligations have been paid in full and Lender shall have terminated this Agreement in writing, Borrower will comply with the covenants set forth below.

General Affirmative Covenants. Seller shall, and each Shareholder shall cause Seller to: (a) conduct the Business only in the ordinary course; (b) maintain the Assets and the Mt. Morr▇▇ ▇▇▇rovements in good working order and condition, ordinary wear and tear excepted; (c) perform all its obligations under agreements relating to or affecting the Assets, the Mt. Morr▇▇ ▇▇▇d, the Mt. Morr▇▇ ▇▇▇rovements or the Business; (d) keep in full force and effect adequate insurance coverage on the Assets, the Mt. Morr▇▇ ▇▇▇rovements and the operation of the Business; (e) use its best efforts to maintain and preserve the Business, and retain its present employees, customers, suppliers and others having business relations with it; (f) duly and timely file all reports or returns required to be filed with any Governmental Authority, and promptly pay all Taxes levied or assessed upon it or its properties or upon any part thereof; (g) duly observe and conform to all Governmental Requirements relating to the Assets, the Mt. Morr▇▇ ▇▇▇d, or its properties or to the operation and conduct of its Business and all covenants, terms and conditions upon or under which any of its properties are held; (h) remove and have released, by payment or otherwise, all liens and encumbrances of any nature whatsoever on the Assets or the Mt. Morr▇▇ ▇▇▇d (except for liens and encumbrances, if any, specifically assumed by Purchaser pursuant to this Agreement or liens and encumbrances, if any, on the Mt. Morr▇▇ ▇▇▇d that are expressly permitted pursuant to the terms and provisions of the Mt. Morr▇▇ ▇▇▇se); (i) duly and timely take all actions necessary to carry out the transactions contemplated hereby; (j) deliver to Purchaser on or before the 15th day of each month true and correct unaudited monthly balance sheets and statements of income for the Business for the immediately preceding month; (k) deliver to Purchaser on the Closing Date a true and correct unaudited annual balance sheet, statement of income and statement of changes in financial position for the six months ended June 30, 1999, together with any additional financial information reasonably requested by Purchaser to allow Purchaser to timely comply with its reporting requirements under the Exchange Act, all in form and substance sufficient to allow Purchaser to timely comply with such reporting requirements; (l) preserve and maintain the goodwill of the Business; (m) cause the net book value of the used, rental, leased and "rent to own" construction machinery equipmen...

General Affirmative Covenants. The Credit Parties hereby covenant and agree that on the Closing Date, and thereafter for so long as this Agreement is in effect and until the Commitments have terminated, no Note remains outstanding and unpaid and the Obligations and all other amounts owing to the Agent or any Lender hereunder are paid in full, that:

General Affirmative Covenants. Assignor covenants to Tintagel that, from and after the date hereof, and so long as any amount remains unpaid on account of the Note: (a) Assignor will not sell, assign, transfer or otherwise dispose of any of the Pledged Stock, or any interest therein. Assignor will do such acts as Tintagel may request to establish and maintain with Tintagel a valid and perfected security interest in the Pledged Stock free of any other liens and security interests. (b) Assignor will sign such financing statement or statements in form satisfactory to Tintagel, which Tintagel may at any time desire to file in order to perfect its security interest in the Pledged Stock and reimburse Tintagel for the cost of filing the same; and they will execute and/or deliver to Tintagel any instrument, invoice, document, assignment or other writing which may be necessary or convenient to Tintagel to carry out the terms of this Agreement, and to perfect his security interest in and facilitate the collection of the Pledged Stock, and the proceeds thereof. (c) Tintagel, or any person or persons designated by it, shall have the right to call at the place or places of business of Assignor or USXX at any reasonable time, and without hindrance or delay, to inspect, audit, check and make extracts from Assignor's or Tintagel's books, records, journals, orders, receipts and any correspondence and other data relating to Assignor's or Tintagel's business or to any other transactions between or among the parties hereto. (d) Assignor shall promptly notify Tintagel in writing (i) upon the occurrence of any default as set forth in the Note, or any event or condition which the passage of time or giving of notice, or both, would constitute a default; (ii) of each change in the name of or trade name used by USXX and, the location of the chief executive office or the principal place of the business or place where the business records of USXX are kept; (iii) of all threatened or actual actions or suits, investigations or proceedings before any court, arbitrator or governmental entity against Assignor or USXX including but not limited to environmental or labor disputes which may have an adverse material effect on the Company; (iv) of any material adverse change in the condition (financial or otherwise) of Assignor or USXX; and (v) of any seizure or levy upon any part of the Pledged Stock or any other Common Stock of USXX. (e) Assignor shall not, without the express prior written consent of Tintagel: (i) cause U...

General Affirmative Covenants. The Board covenants and agrees:

General Affirmative Covenants. The Company will maintain its corporate existence in good standing, will comply in all material respects with all applicable laws, rules, regulations and orders of any governmental authority noncompliance with which would have a material adverse effect on its financial condition or operations or on its ability to meet its obligations hereunder, and will continue to engage in business of the same general type as that engaged in by the Company on the date hereof. The Company will pay and discharge, at or before maturity, all its obligations and liabilities, including, without limitation, tax liabilities, where failure to satisfy such obligations or liabilities in the aggregate would have a material adverse effect on its financial condition, operations or ability to meet its obligations hereunder. The Company’s obligations hereunder and under the Note will rank pari passu with all other unsecured and unsubordinated obligations of the Company.

General Affirmative Covenants. Borrower and ▇▇▇▇ Nursing, LLC covenant and agree with Lender that from and after the date hereof, and as long as the Term Loan remains outstanding, that they will comply with the covenants set forth in Sections 9.1 through 9.31, inclusive.