Affirmative Financial Covenants Sample Clauses

Affirmative Financial Covenants. The Borrowers shall comply with the following financial covenants, (the "Financial Covenants") at all times during the term of the Loans. The Financial Covenants shall be tested by the Lender on a calendar quarter basis, i.e. September 30, December 31, March 31 and June 30 of each calendar year during the term of the Loans. The Borrower shall deliver to the Lender within forty-five (45) days after the end of each calendar quarter, schedules setting forth in such detail as may reasonably be required by the Lender, a computation of the Financial Covenants and certified by the Chief Executive Officer or the Chief Financial Officer of Borrowers to be true and correct. The Affirmative Financial Covenants are as follows:
Sample 1Sample 2
AutoNDA by SimpleDocs
Affirmative Financial Covenants. The Obligors, on a consolidated basis, shall:
Sample 1Sample 2
Affirmative Financial Covenants. (a) (1) The ratio of (a) Consolidated EBITDA of the Issuer and its Subsidiaries (less the Consolidated EBITDA of the US Parent and its Subsidiaries if on the applicable date specified below any Junior Notes are outstanding) to (b) Consolidated Gross Finance Charges of the Issuer and its Subsidiaries (less the Consolidated Gross Finance Charges of the US Parent and its Subsidiaries plus any Consolidated Gross Finance Charges paid or payable to the Issuer and the Non-US Subsidiaries by the US Parent and its Subsidiaries, if on the applicable date specified below any Junior Notes are outstanding) shall, on each date specified below and calculated for the Relevant Period ending on such date, equal or exceed the applicable ratio set out opposite such date:
Sample 1Sample 2
Affirmative Financial Covenants. For so long as the Revolver Commitment is outstanding and thereafter until payment in full of the Obligations, Borrowers covenant that, unless otherwise consented to by Lender in writing and subject to SECTION 9.3.3 hereof, they shall:
Sample 1
Affirmative Financial Covenants. Borrower shall until payment in full of all Obligations to Lender and termination of this Agreement (a) cause to be maintained at the end of each fiscal quarter (i.e., December, March, June and September), Tangible Net Worth in an amount not less than $1,500,000; and (b) cause to be maintained at the end of each fiscal quarter, Working Capital of not less than $12,500,000. The foregoing amendment shall be effective as of September 27, 1996. In all other respects, the terms and conditions of the aforesaid agreement as the same may heretofore been amended, shall remain unchanged. ROSEXXXXX & XOSEXXXXX, XXC. By: /s/ Jerrx Xxxxxx ----------------------------- Jerrx Xxxxxx, Xxec. V.P. 10/24/96 THE FOREGOING IS ACKNOWLEDGED & AGREED TO MOVIE STAR, INC.
Sample 1
Affirmative Financial Covenants. Maintain gross cash and cash equivalents exceeding US$2,000,000 at any time.
Sample 1
Affirmative Financial Covenants. Electroglas shall comply with the requirements set forth in Part II of Schedule 2.
Sample 1
AutoNDA by SimpleDocs
Affirmative Financial Covenants 
Sample 1Sample 2Sample 3See All (5)

Related to Affirmative Financial Covenants

  • Specific Financial Covenants During the term of this Agreement, and thereafter for so long as there are any Obligations to Lender, Borrower covenants that, unless otherwise consented to by Lender in writing, it shall:

  • Additional Financial Covenants If the Company shall at any time enter into one or more agreements (including any amendment of an existing agreement) pursuant to which Senior Funded Debt in an aggregate principal amount greater than $30,000,000 shall be outstanding and such agreement contains one or more financial covenants which are more restrictive on the Company and its Subsidiaries than the financial covenants contained in this Agreement, then such more restrictive financial covenants and any related definitions (the “Additional Financial Covenants”) shall automatically be deemed to be incorporated into § 5 of this Agreement (including § 5.15(f) and (g)) by reference and § 6.1(e) shall be deemed to be amended to include such Additional Financial Covenants from the time such other agreement becomes binding upon the Company until such time as such other Senior Funded Debt is repaid in full and all commitments related thereto are terminated; provided, that if at the time of any such repayment or the termination of any such commitment a Default or Event of Default shall exist under this Agreement, then such covenants shall continue in full force and effect so long as such Default or Event of Default continues to exist. So long as such Additional Financial Covenants shall be in effect, no modification or waiver of such Additional Financial Covenants shall be effective unless the Holders of at least 51% in aggregate principal amount of the Notes shall have consented thereto pursuant to § 7.1 hereof. Promptly but in no event more than 10 Business Days following the execution of any agreement providing for Additional Financial Covenants, the Company shall furnish each holder of the Notes with a copy of such agreement. Upon written request of the Holders of at least 51% in aggregate principal amount of the Notes, the Company will enter into an amendment to this Agreement pursuant to which this Agreement will be formally amended to incorporate the Additional Financial Covenants on the terms set forth herein.

  • Special Covenants If any Company shall fail or omit to perform and observe Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13 or 5.15 hereof.

  • Certain Financial Covenants The Borrower will not:

  • FINANCIAL COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligation to issue, extend or renew any Letters of Credit:

  • Financial Covenants So long as any Advance or any other Obligation of any Loan Party under any Loan Document shall remain unpaid, any Letter of Credit shall be outstanding or any Lender Party shall have any Commitment hereunder, the Borrower will:

  • 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.

  • Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

  • Financial Covenants and Ratios Seller shall at all times comply with any financial covenants and/or financial ratios set forth in the Transactions Terms Letter.

  • Compliance with Financial Covenants Schedule A attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!