Amendment to Cumulative Free Cash Flow Covenant Sample Clauses

Amendment to Cumulative Free Cash Flow Covenant. Section 19.2 of the Universal Propulsion Company, Inc. Subsidiary Loan Agreement shall be amended by deleting the columns titled "Calendar Quarter Ending" and "Amount" and replacing them in their entirety with the following: Calendar Quarter Ending Amount ----------------------- ------ June 30, 1997 ($1,300,000) September 30, 1997 ($2,500,000) December 31, 1997 ($4,500,000) March 31, 1998 ($4,250,000) June 30, 1998 ($4,000,000) September 30, 1998 ($3,750,000) December 31, 1998 ($3,500,000) Each Calendar Quarter Thereafter ($3,500,000) plus an increase of $250,000 each January 1, commencing January 1, 1999
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Amendment to Cumulative Free Cash Flow Covenant. Section 19.2 of the Talley Metals Technology, Inc. Subsidiary Loan Agxxxxxxt shall be amended by deleting the columns titled "Calendar Quarter Ending" and "Amount" and replacing them in their entirety with the following: Calendar Quarter Ending Amount ----------------------- ------ June 30, 1997 $2,500,000 September 30, 1997 $3,500,000 December 31, 1997 $5,000,000 March 31, 1998 $5,000,000 June 30, 1998 $6,000,000 September 30, 1998 $6,000,000 December 31, 1998 $6,000,000 Each Calendar Quarter Thereafter $6,000,000 plus an increase of $250,000 each January 1, commencing January 1, 1999
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Amendment to Cumulative Free Cash Flow Covenant. Section 19.2 of the Talley Defense Systems, Inc. Subsidiary Loan Agrexxxxx shall be amended by (i) deleting the columns titled "Calendar Quarter Ending" and "Amount" and replacing them in their entirety with the following: Calendar Quarter Ending Amount ----------------------- ------ June 30, 1997 $1,000,000 September 30, 1997 $1,000,000 December 31, 1997 $1,000,000 March 31, 1998 $1,250,000 June 30, 1998 $1,250,000 September 30, 1998 $1,250,000 December 31, 1998 $1,250,000 Each Calendar Quarter Thereafter $1,250,000 plus an increase of $250,000 each January 1, commencing January 1, 1999 and (ii) adding the following at the end of Section 19.2 "provided, however, that Borrower's Free Cash Flow as of the end of any such quarter shall be computed without including in the computation of the sum of Capital Expenditures those Capital Expenditures made by the Borrower or its Affiliates in connection with the participation by the Borrower or its Affiliates in the Aegis Technologies, L.L.C. joint venture regarding the joint development of certain airbag technology."
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Related to Amendment to Cumulative Free Cash Flow Covenant

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Maintenance of Effective Leverage Ratio For so long as the Fund fails to provide the information required under Sections 6.1(o) and 6.1(p), Xxxxx Fargo shall calculate, for purposes of Section 2.5(b)(ii)(A)(y) of the Statement, the Effective Leverage Ratio using the most recently received information required to be delivered pursuant to Sections 6.1(o) and 6.1(p) and the market values of securities determined by the third-party pricing service which provided the market values to the Fund on the most recent date that information was properly provided by the Fund pursuant to the requirements of Section 6.1(o) and 6.1(p). The Effective Leverage Ratio as calculated by Xxxxx Fargo in such instances shall be binding on the Fund. If required, the Fund shall restore the Effective Leverage Ratio as provided in the Statement. For purposes of calculating the Effective Leverage Ratio, any Overconcentration Amount shall be subtracted from the sum determined pursuant to sub-section (ii) of the definition of Effective Leverage Ratio, set out in Section 2.4(d) of the Statement. In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities shall reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Fixed Charge Coverage Ratio Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be less than 1.00 to 1.00.

  • Indebtedness and Cash Flow Covenants The Borrower on a consolidated basis with its Subsidiaries shall not permit:

  • Acceptance; Cumulative Effect This Agreement is cumulative and supersedes any similar agreement previously in effect. It shall be binding upon the parties hereto when signed by us and accepted by you. If you have a current dealer or selling agreement with us, your first trade or acceptance of payments from us after your receipt of this Agreement, as it may be amended pursuant to Section 18, above, shall constitute your acceptance of its terms. Otherwise, your signature below shall constitute your acceptance of its terms. FRANKLIN TXXXXXXXX DISTRIBUTORS, INC. By _______________________________________ Pxxxx X. Xxxxx, President Oxx Xxxxxxxx Xxxxxxx Xxx Xxxxx, XX 00000-0000 Attention: Chief Legal Officer (for legal notices only) (000) 000-0000 100 Xxxxxxxx Xxxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000-0000 (000) 000-0000 DEALER: If you have not previously signed a dealer or selling agreement with us, please complete and sign this section and return the original to us. Dealer Name Date By: (Signature) Name Title Address City State ZIP NASD CRD # Telephone ( ) (Internal Use Only) Franklin Txxxxxxxx dealer number Appendix A - Additional Terms and Conditions Regarding Rule 22c-2 To the extent you are a “financial intermediary” with respect to the Funds, you agree as follows:

  • 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.

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