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Compliance With Covenants
Compliance With Covenants contract clause examples
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Each Borrower covenants and agrees that, until the termination of all of the Commitments and the payment in full of the Obligations:

Specific Covenants. Any Loan Party fails to perform or observe any term, covenant or agreement contained in any of # [Section 7.01 or 7.03(a)], if such failure continues for three Business Days or # Section 7.05, 7.11, 7.17, or Article VIII; provided that, any Event of Default under [Section 8.10] shall not constitute an Event of Default with respect to any Term Loan Facility until the earlier of # the date that is 30 days after the date such Event of Default arises with respect to the Revolving Credit Facility and # the date on which the Administrative Agent or the Revolving Credit exercise any remedies with respect to the Revolving Credit Facility in accordance with Section 9.02; provided, further, that any Event of Default under [Section 8.10] may be waived, amended or otherwise modified from time to time pursuant to [clause (i) of Section 11.01]; or

Specific Covenants. The Borrower or any Restricted Subsidiary fails to perform or observe any term, covenant or agreement contained in any of # [Section 6.03(a), 6.05(a)])] (solely with respect to the Borrower), 6.08(a), 6.16(b) or [Article VII]; provided that # an Event of Default as a result of a breach of [Section 7.10(a)] is subject to cure pursuant to [Section 8.05(a) and (b), (ii)])])] an Event of Default as a result of a breach of [Section 7.10(c)] for failure to comply with [clause (y)] of the definition of Financing Source Diversification Requirements is subject to cure pursuant to [Section 8.05(c), (iii)])] an Event of Default as a result of a breach of [Section 7.10(c)] for failure to comply with clauses (A), (B), or (C) in the proviso to the definition of Financing Source Diversification Requirements is subject to cure pursuant to [Section 8.05(c)]; and # an Event of Default as a result of a breach of [Section 7.10(b)] is subject to cure pursuant to [Section 8.05(d) or (y)])] [Section 6.19] and such failure continues for five (5) Business Days; or

Restrictive Covenants. Each of the covenants contained in Paragraphs 2(a)-(c) of this Annex A are collectively referred to as the “Restrictive Covenants.”

Protective Covenants. In consideration of the Option granted under this Agreement, the Grantee covenants and agrees as follows (the “Protective Covenants”):

Restrictive Covenants. In consideration of the terms of this Award and your access to Confidential Information, you agree to the restrictive covenants and associated remedies as set forth below, which exist independently of and in addition to any obligation to which you are subject under the terms of the Wells Fargo Agreement Regarding Trade Secrets, Confidential Information, Non-Solicitation, and Assignment of Inventions (the “TSA”):

Restrictive Covenants. Executive acknowledges and recognizes the highly competitive nature of the Company’s business. Accordingly, Executive agrees as follows:

Negative Covenants. So long as the Note remains outstanding, [[Organization B:Organization]] shall not, without the prior written consent of the Lenders:

Restrictive Covenants. Simultaneously with the execution of this Agreement, Executive shall execute the Employee Non-Competition and Confidentiality Agreement attached hereto as [Exhibit A] (the “Non-Competition and Confidentiality Agreement”).

Restrictive Covenants. In consideration for the Severance Pay, Executive shall be subject to the following restrictive covenants as of the Effective Date of this Agreement:

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