Common use of Performance Bonds Clause in Contracts

Performance Bonds. On the Closing Date, the Agent shall be reasonably satisfied that the Borrower will be able to service and maintain any performance bonds that may be required in the ordinary course of business on reasonable terms and conditions.

Appears in 5 contracts

Sources: Credit Agreement (Carson Inc), Credit Agreement (Carson Inc), Credit Agreement (Styling Technology Corp)

Performance Bonds. On the Closing Date, the Agent shall be ----------------- reasonably satisfied that Holdings and the Borrower will be able to service and maintain any performance bonds that may be required in the ordinary course of business on reasonable terms and conditions.

Appears in 1 contract

Sources: Credit Agreement (Carson Products Co)

Performance Bonds. On Prior to the Closing Date, the Agent shall be reasonably satisfied have received evidence, satisfactory to the Required Banks, that the Borrower will be able to service and maintain any performance bonds that may be required in the ordinary course of business on reasonable terms and conditions.

Appears in 1 contract

Sources: Revolving Credit Agreement (Urohealth Systems Inc)

Performance Bonds. On the Closing Date, the Agent Agents shall be reasonably satisfied that the Borrower will be able to service and maintain any performance bonds that may be required in the ordinary course of business on reasonable terms and conditions.

Appears in 1 contract

Sources: Credit Agreement (Holley Performance Products Inc)

Performance Bonds. On the Closing Date, the Agent shall be reasonably satisfied that the Borrower will shall be able to service and maintain any performance bonds that may be required in the ordinary course cause of business on reasonable terms and conditions.

Appears in 1 contract

Sources: Intercreditor and Subordination Agreement (Frederick's of Hollywood Group Inc /Ny/)