Covenant Testing. (i) The financial covenants set out in Section 5.04(a) shall be calculated using the consolidated financial statements of Borrower prepared in accordance with GAAP and tested on a consolidated basis by reference to each of the consolidated financial statements of Borrower delivered pursuant to Section 5.01(a) and/or each Compliance Certificate delivered pursuant to Section 5.01(b).
Appears in 5 contracts
Samples: Credit Agreement (Central European Media Enterprises LTD), Amendment and Restatement Agreement (Central European Media Enterprises LTD), Credit Agreement (Central European Media Enterprises LTD)
Covenant Testing. (i) The financial covenants set out in Section 5.04(a) shall be calculated using the consolidated financial statements of the Borrower prepared in accordance with GAAP and tested on a consolidated basis by reference to each of the consolidated financial statements of the Borrower delivered pursuant to Section 5.01(a) and/or each Compliance Certificate delivered pursuant to Section 5.01(b).
Appears in 3 contracts
Samples: Revolving Loan Facility Credit Agreement (Central European Media Enterprises LTD), Term Loan Facility Credit Agreement (CME Media Enterprises B.V.), Revolving Loan Facility Credit Agreement (CME Media Enterprises B.V.)
