Compliance with Projections Sample Clauses

Compliance with Projections. While this Agreement remains in effect, Borrowers, on a consolidated basis, shall meet at least eighty-five percent (85%) of the EBITDA figures as projected in the consolidated projections provided by Borrowers to the Lender as part of Lender’s required due diligence.
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Compliance with Projections. Fail to comply with any Projections submitted hereunder during the relevant time period covered by such Projections.
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Compliance with Projections. For any quarter in which Destia's Debt Service Coverage Ratio (calculated at the end of such fiscal quarter and without any of the adjustments provided in Schedule 7.15(a)) is not greater than 1.10 to 1.00, Destia shall have revenues (calculated at the end of such fiscal quarter as the revenue of the four fiscal quarters then ending) equal to or greater than 85% of the level projected for such fiscal quarters in the Applicable Minimum Revenue Projection Table. --------------------------------- Borrower's Initials: Lender's Initials: --------------------------------- SCHEDULE 8.01 TO LOAN AND SECURITY AGREEMENT PERMITTED SPECIFIC INDEBTEDNESS
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Compliance with Projections. For any quarter in which Destia's Debt Service Coverage Ratio (calculated at the end of such fiscal quarter and without any of the adjustments provided in Schedule 7.15(a)) is not greater than 1.10 to 1.00, Destia shall have revenues (calculated at the end of such fiscal quarter as the revenue of the four fiscal quarters then ending) equal to or greater than 85% of the level projected for such fiscal quarters in the Applicable Minimum Revenue Projection Table.
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Compliance with Projections. Borrowers shall take the necessary --------------------------- actions to comply with and achieve the business and financial projections set forth in the projections delivered to the Lender pursuant to Section 5.c. (1) above. ----------------
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Compliance with Projections. VCI covenants and agrees that it shall use --------------------------- the Revenues received by West Coast (except for any Management Termination Fee) to pay in cash all costs and expenses of West Coast incurred in the ordinary course of business during the term of this Agreement, including the Management Fee, which costs and expenses shall not exceed, at any time, the amounts set forth in the six month operating revenue and expense projections heretofore provided to West Coast, a copy of which are attached hereto as Exhibit "B". VCI further covenants and agrees that Revenues for the trailing two calendar month period, as tested as of the last day of each calendar month, shall at no time be be (i) less than 85 percent of the corresponding projected revenues as set forth in Exhibit B attached hereto, and (ii) less than 93 percent of the corresponding --- projected year-to-date revenues, provided that, if any West Coast stores are -------- closed, with the Lenders' consent pursuant to the Loan Documents, total projected Revenues as set forth on Exhibit B shall be adjusted by subtracting the amount of the revenues reasonably attributable and projected for such closed stores.
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Compliance with Projections 
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Related to Compliance with Projections

  • Compliance with Plan This Option is subject to, and the Company and the Holder agree to be bound by, all of the terms and conditions of the Plan as it shall be amended from time to time, which are incorporated herein by reference. No amendment to the Plan shall adversely affect this Option without the consent of the Holder. In the case of a conflict between the terms of the Plan and this Option, the terms of the Plan shall govern.

  • Compliance with Policies Each Individual Limited Partner hereby agrees that he shall comply with all policies and procedures adopted by any member of the Och-Ziff Group or which Limited Partners are required to observe by law, or by any recognized stock exchange, or other regulatory body or authority.

  • Compliance with Reporting Requirements The Company is subject to and in full compliance with the reporting requirements of Section 13 or Section 15(d) of the Exchange Act.

  • Compliance with Orders The Company is not in violation of any material judgment, decree, or order of any court, arbitrator or other governmental authority.

  • Compliance with FCPA Each of the Credit Parties and their Subsidiaries is in compliance with the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq., and any foreign counterpart thereto. None of the Credit Parties or their Subsidiaries has made a payment, offering, or promise to pay, or authorized the payment of, money or anything of value (a) in order to assist in obtaining or retaining business for or with, or directing business to, any foreign official, foreign political party, party official or candidate for foreign political office, (b) to a foreign official, foreign political party or party official or any candidate for foreign political office, and (c) with the intent to induce the recipient to misuse his or her official position to direct business wrongfully to such Credit Party or its Subsidiary or to any other Person, in violation of the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq.

  • Compliance with U.S Regulations No Obligor shall (and the Parent shall ensure that no other member of the Group will) become an “investment company,” or an “affiliated person” of or “promoter” or “principal underwriter” for an “investment company,” as such terms are defined in the Investment Company Act of 1940. Neither the making of the Loan, or the application of the proceeds or repayment of any Loan by any U.S. Group Member nor the consummation of the other transactions contemplated by this agreement will violate any provision of such act or any rule, regulation or order of the SEC under the Investment Company Act of 1940.

  • Compliance with OFAC None of the Company and its Subsidiaries or, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company and its Subsidiaries or any other person acting on behalf of the Company and its Subsidiaries, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”), and the Company will not, directly or indirectly, use the proceeds of the Offering hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

  • Compliance with Record Keeping Requirements Participating Dealer agrees to comply with the record keeping requirements of the Exchange Act, including but not limited to, Rules 17a-3 and 17a-4 promulgated under the Exchange Act. Participating Dealer further agrees to keep such records with respect to each customer who purchases Primary Shares, his suitability and the amount of Primary Shares sold, and to retain such records for such period of time as may be required by the Commission, any state securities commission, FINRA or the Company.

  • Compliance with Leases (i) Make all payments and otherwise perform all material obligations in respect of all leases of real property to which the Borrower or any of its Subsidiaries is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated or any rights to renew such leases to be forfeited or cancelled (except, in the case of the Borrower and Subsidiaries of the Borrower only, if in the reasonable business judgment of such Subsidiary it is in its best economic interest not to maintain such lease or prevent such lapse, termination, forfeiture or cancellation and such failure to maintain such lease or prevent such lapse, termination, forfeiture or cancellation is not in respect of a Qualifying Ground Lease or an Operating Lease of an Unencumbered Asset and could not otherwise reasonably be expected to result in a Material Adverse Effect), notify the Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so.

  • COMPLIANCE WITH U S. SECURITIES LAWS. Notwithstanding any terms of this Receipt or the Deposit Agreement to the contrary, the Company and the Depositary have each agreed that it will not exercise any rights it has under the Deposit Agreement or the Receipt to prevent the withdrawal or delivery of Deposited Securities in a manner which would violate the United States securities laws, including, but not limited to Section I A(1) of the General Instructions to the Form F-6 Registration Statement, as amended from time to time, under the Securities Act of 1933.

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