Account Covenant Sample Clauses

Account Covenant. Borrower shall immediately notify Bank in writing of: (i) any dispute with an Account Debtor relating to any Account(s), and (ii) any bankruptcy, insolvency, receivership, assignment for the benefit of creditors or suspension of business of any Account Debtor of which Borrower has knowledge. Borrower shall not compromise or discount any Account without the prior written consent of Bank, except for (A) ordinary trade discounts or allowances for prompt payment and (B) while no Event of Default exists, compromises or discounts that, after giving effect thereto, will not trigger a mandatory prepayment of borrowings pursuant to Section DD.02 hereof. BB&T SCHEDULE DD TO BB&T LOAN AGREEMENT SCHEDULE OF CHARGES This Schedule of Charges (“Schedule”) is a part of the Loan Agreement (“Loan Agreement”) and is an attachment to Schedule DD to the Loan Agreement (“Schedule DD”), among BRANCH BANKING AND TRUST COMPANY (“Bank”), APPLIED OPTOELECTRONICS, INC. (“Borrower”, whether one or more) and the named Guarantor(s), if any: THIS SCHEDULE SHALL CONSTITUTE A PART OF THE LOAN AGREEMENT CONSISTENT WITH THE TERMS THEREOF. UNLESS OTHERWISE DEFINED HEREIN, CAPITALIZED TERMS USED HEREIN SHALL HAVE THE MEANINGS GIVEN THEM IN THE LOAN AGREEMENT.
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Related to Account Covenant

  • Joint Covenants Buyer and Seller hereby covenant and agree that between the date hereof and Closing:

  • Credit Agreement Covenants Each Guarantor shall observe, perform and comply with all covenants applicable to such Guarantor set forth in Articles VI and VII of the Credit Agreement, which by their terms the Borrowers are required to cause such Guarantor to observe, perform and comply with, as if such covenants were set forth in full herein.

  • Financial Covenant So long as any Loan shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of Consolidated Debt to Consolidated Capital of not greater than 0.65 to 1.00 as of the last day of each fiscal quarter.

  • Independent Covenant 12 Section 10.06 Materiality............................................ 13

  • Parent Covenants The Parent will:

  • Additional Covenant In Section 4 add a new paragraph as follows:

  • Ship Covenants The undertakings in this Clause 21 remain in force throughout the Security Period.

  • Financial Condition Covenant Permit the Asset Coverage Ratio to be less than the Minimum Permitted Ratio; or in each case allow Indebtedness of the Borrower to exceed the limits set forth in the Borrower’s Prospectus or registration statement or allow Indebtedness to exceed the requirements of the 1940 Act.

  • Financial Covenants Section 4.01. (a) The Borrower shall maintain or cause to be maintained records and accounts adequate to reflect in accordance with sound accounting practices the operations, resources and expenditures in respect of the Project of the departments or agencies of the Borrower responsible for carrying out the Project or any part thereof.

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