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Covenants of the Adviser
Covenants of the Adviser contract clause examples

Specific Covenants. The Borrower, any Restricted Subsidiary or, in the case of [Section 7.14], Holdings, 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), 6.16 ‎or Article 7; provided that a Default as a result of a breach of[Section 7.11] (a “Financial Covenant Event of Default”) is subject to cure pursuant to ‎[Section 8.05]; provided, further, that a Financial Covenant Event of Default or any breach of a financial maintenance covenant under any Incremental Revolving Credit Loan or any revolving facility that constitutes Credit Agreement Refinancing Indebtedness shall not constitute an Event of Default with respect to any Term Loans unless and until the Revolving Credit have declared all amounts outstanding under the Revolving Credit Facility to be immediately due and payable and all outstanding Revolving Credit Commitments to be immediately terminated, in each case in accordance with this Agreement and such declaration has not been rescinded on or before such date (theTerm Loan Standstill Period”); or

Specific Covenants. The Company fails to perform or observe any term, covenant or agreement contained in any of [Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.11, 6.13, 6.16]6]6]6]6] or Article VII; provided that a Default as a result of a breach of [Section 7.11] (theFinancial Covenants”) shall not in and of itself constitute an Event of Default with respect to any Term Facility (other than the Term AA-2 Facility) unless the Required Financial Covenant Lenders have accelerated any Term AA-2 Loans and Revolving Credit Loans then outstanding or terminated the Revolving Credit Commitments as a result of such breach and such declaration has not been rescinded on or before the date on which the Term Lenders (other than the Lenders under the Term AA-2 Facility) declare an Event of Default in connection therewith; or any Loan Party fails to perform or observe any term, covenant or agreement contained in any Guaranty to which it is a party; or

[Section 8.01] (any such failure to observe any term, covenant or agreement contained in [Section 8.01] and any failure to observe other Financial Covenants contained from time to time in a Loan Document, a “Financial Covenant Event of Default”); provided that a Financial Covenant Event of Default shall not constitute an Event of Default with respect to any Term Loans or any other Facility (other than the Revolving Facility incurred on the Closing Date unless such Financial Covenant is, by its terms, applicable to such other Facility) unless and until the date on which the Revolving Lenders have terminated all Revolving Commitments and declared all Revolving Loans to be immediately due and payable in accordance with [Section 9.02(b)], and such termination and declaration has not been rescinded (a “Financial Covenant Cross Default”); or

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. 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, 7.177], 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

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