Example ContractsClausesCovenant
Covenant contract clause examples
Previous results

Negative Covenant. Each Party covenants that it will not knowingly use or practice any of the other Party’s intellectual property rights licensed to it under this Article 7 except for the purposes expressly permitted in the applicable license grant.

Performance Covenant. If the aggregate principal amount of the outstanding Term Loan Advances exceeds Forty Million Dollars ($40,000,000) at any time, Borrower shall, from the later to occur of # the initial date on which the aggregate principal amount of the

Covenant Default. If any Loan Party # fails to perform any obligation under Section 6.1(i) or 6.6, # fails to perform any obligation under Article 4, [Section 6.7] or [Section 6.8] and such failure continues for a period of five (5) Business Days, # violates any of the covenants contained in Article 7 of this Agreement, or # fails or neglects to perform, keep, or observe any other material term, provision, condition, covenant, or agreement contained in this Agreement, in any of the Loan Documents, and as to any default under such other term, provision, condition, covenant or agreement in this clause (iv) that can be cured, has failed to cure such default within ten (10) Business Days after Borrower receives notice thereof from Bank or any officer of any Loan Party has knowledge thereof;

Negative Covenant. Except as expressly provided hereunder, [[Merus:Organization]] # shall not acquire, or attempt to acquire, pursuant to this Agreement any right, title or interest to any Lead Biclonics and any Patent Rights solely owned by Ono pursuant to [Section 8.1.1] # shall not (and shall not attempt to purport to attempt to) transfer, assign, sell, have sold, lease, offer to sell or lease, distribute, license, sublicense or otherwise transfer title in, commercialize or exploit any Lead Biclonics and Patent Rights solely owned by Ono pursuant to [Section 8.1.1], and # shall not, directly or indirectly, file, Prosecute, or maintain, in any country, any Patent Rights applicable to such Lead Biclonics and Patent Rights solely owned by Ono pursuant to [Section 8.1.1].

Covenant Default. The Borrower shall default in the performance of any of the covenants or agreements contained in this Agreement.

Covenant Default. (i) Any Credit Party or any Restricted Subsidiary fails to perform or observe any term, covenant or agreement contained in any of Section 5.1 (and such failure continues for a period of 5 Business Days following written notice by the Administrative Agent to the Borrowers), [Section 5.3(i)], [Section 5.4(a)], Section 5.5 (with respect to maintaining the existence of any Credit Party) Section 5.10, Section 5.19 or Article VI (subject to the Borrowers’ right to use the Equity Cure pursuant to [Section 7.3] or the Prepayment Cure pursuant to [Section 7.4]); or # Any Credit Party or any Restricted Subsidiary shall fail to perform or observe any other term or covenant contained herein or in any of the Credit Documents (other than those specified in [Sections 7.1(a) and (b)])] and [Section 7.1(c)(i)]), on its part to be performed or observed and such failure shall not be remedied within thirty (30) days following the earlier of # written notice by the Administrative Agent to the Borrowers or # actual knowledge of such failure by a Responsible Officer of any Borrower; or

Restrictive Covenant. During the Employment Period, Employee will not directly or indirectly, whether for Employee’s own account or as an employee, director, consultant or advisor, provide services to any business enterprise other than the Company or its Affiliates, unless otherwise authorized by the Board in writing.

Negative Covenant. [[3D Medicines:Organization]] covenants that it will not, and will not permit any of its Affiliates or Sublicensees to, use or practice any [[Aravive:Organization]] Technology outside the scope of the license granted to it under Section 2.1(a).

Negative Covenant. Except as otherwise expressly permitted by this Agreement, between the date of this Agreement and the Closing Date, KYTX will not # make any modifications to any material contract or any governmental authorization or # remove any Equipment, except for Equipment that becomes obsolete or unusable which may be disposed of or replaced in the ordinary course of business, # attempt to generate revenue from any production.

Negative Covenant. From the date of its appointment until the Facility Termination Date, the Backup Servicer will not make any changes to the Backup Servicing Fee without the prior written approval of the Administrative Agent (acting at the direction of the Required Lenders) and, so long as no Event of Default or Servicer Termination Event has occurred, the Borrower.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.