NEGATIVE COVENANTS OF THE CREDIT PARTIES Sample Clauses

NEGATIVE COVENANTS OF THE CREDIT PARTIES. Until the full and final payment and performance of the Obligations and the termination of this Agreement, each of the Credit Parties shall, unless the Lender otherwise consents in writing (which consent, other than as indicated below, the Lender may grant or withhold in its sole discretion), perform all covenants in this Article 8.

NEGATIVE COVENANTS OF THE CREDIT PARTIES. Until the Term Loan Commitments have expired or terminated and the principal of and interest on each Advance and all fees and other Obligations (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted) payable hereunder have been paid in full in cash, each Credit Party covenants and agrees with the Lenders and the Administrative Agent that it will not, without the prior written consent of Administrative Agent: (a) except as expressly permitted by the Basic Documents, sell, transfer, exchange or otherwise dispose of any of its properties or assets, including those included in any part of the Collateral, unless directed to do so by the Administrative Agent on behalf of the Lenders as permitted herein; provided, however, that this Section shall not apply to nor operate to prevent: (i) the sale or lease of inventory in the ordinary course of business; #227178428 (ii) the sale of delinquent notes or accounts receivable in the ordinary course of business for purposes of collection only (and not for the purpose of any bulk sale or securitization transaction); (iii) the sale of Receivables to any Approved Subsidiary SPV Borrower in the ordinary course of the Borrower’s business; (iv) the sale of Receivables or participation interests therein pursuant to the transactions contemplated by the Program Agreement; (v) the sale of receivables or participation interests with respect to merchant cash advances in the ordinary course of the Credit Parties’ business; (vi) the sale, transfer or other disposition of any tangible personal property that, in the reasonable business judgment of such Credit Party, has become obsolete or worn out, and which is disposed of in the ordinary course of business; (vii) dispositions resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset of any Credit Party; (viii) terminations of leases by any Credit Party in the ordinary course of business that do not interfere in any material respect with the business of any such Credit Party; (ix) any sale, transfer, assignment, disposition, abandonment or lapse of intellectual property that is no longer commercially practicable, usable or desirable in the conduct of business, in the ordinary course of business; and (x) the sale, transfer or other disposition of any Property of any Credit Party (including any sale or transfer of Property as...

NEGATIVE COVENANTS OF THE CREDIT PARTIES. While any Facility Indebtedness is outstanding or the Facility remains available to the Borrower following the First Tranche Advance, the Credit Parties covenant and agree with the Lender that, except with prior written consent of the Lender, they will not:

NEGATIVE COVENANTS OF THE CREDIT PARTIES. The Credit Parties hereby covenant and agree that on the Closing Date, and thereafter for so long as any Operative Agreement is in effect and until the Commitments have terminated, the Loans and the Lessor Advances are paid in full, all amounts accrued or due and owing from any Credit Party pursuant to any Operative Agreements have been paid in full and the Liens evidenced by the Security Documents have been released, that:

NEGATIVE COVENANTS OF THE CREDIT PARTIES. So long as the Lenders have any commitment to lend hereunder or to cause the issuance of any Letter of Credit hereunder, and until payment and performance in full of the Obligations (other than Letter of Credit obligations which have been fully cash collateralized and contingent indemnification obligations for which no claim has been made) under this Credit Agreement and the other Loan Documents, each Credit Party agrees that, without the written consent of the Administrative Agent, based upon the approval of the Required Lenders (unless the approval of the Administrative Agent alone or a different number of the Lenders is expressly permitted below):

NEGATIVE COVENANTS OF THE CREDIT PARTIES. Each Credit Party hereby covenants and agrees with the Lender that, except with prior written consent of the Lender, it will not:

NEGATIVE COVENANTS OF THE CREDIT PARTIES. Each Credit Party covenants and agrees that, so long as the Term Loan is outstanding :

NEGATIVE COVENANTS OF THE CREDIT PARTIES. From and after the date hereof and for so long as any obligations of the Credit Parties under the Note remain outstanding, the Company agrees, and each Guarantor by executing the Guaranty agrees, that each Credit Party, unless the holder hereof otherwise consents in writing, shall not: (a) Limitations on Indebtedness. Incur, create, assume or suffer to exist any preferred stock or Indebtedness or permit any partnership or joint venture in which any Credit Party is a general partner to incur create, assume or suffer to exist any Indebtedness other than Senior Debt and other Indebtedness permitted under the Senior Debt Agreements. (b) Limitations on Liens. Incur, create, assume or suffer to exist any Lien on its revenue stream, property or assets, whether now owned or hereafter acquired, except for Liens in connection with Senior Debt or other Liens permitted under the Senior Debt Agreements.

NEGATIVE COVENANTS OF THE CREDIT PARTIES. Each Credit Party covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation or Letter of Credit is outstanding or any Lender has any obligation to make any Loans or the Administrative Agent has any obligations to cause the Issuing Lender to issue, extend or renew any Letter of Credit: