Common use of Compliance with Financial Covenants Clause in Contracts

Compliance with Financial Covenants. The Borrower shall have delivered to the Administrative Agent a Compliance Certificate demonstrating that it is and will be in compliance with each of the financial covenants contained in Sections 9.14, 9.15, 9.16, and 9.17 of this Agreement both immediately before giving effect to such increase in the Maximum Considered Amount and on a pro-forma basis immediately after giving effect to such increase.

Appears in 2 contracts

Samples: Uncommitted Revolving Credit Agreement (Tesoro Corp /New/), Uncommitted Revolving Credit Agreement (Tesoro Corp /New/)

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Compliance with Financial Covenants. The Borrower shall have delivered to the Administrative Agent a Compliance Certificate demonstrating that it is and will be in compliance with each of the financial covenants contained in Sections 9.14, 9.15, 9.16, and 9.17 of this Agreement both immediately before giving effect to such increase or reduction in the Maximum Considered Availability Amount and on a pro-forma basis immediately after giving effect to such increaseincrease or reduction.

Appears in 2 contracts

Samples: Uncommitted Revolving Credit Agreement (Tesoro Corp /New/), Uncommitted Revolving Credit Agreement (Tesoro Corp /New/)

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