Financial Condition Covenants Clause Samples
Financial Condition Covenants are contractual provisions that require a party, typically a borrower, to maintain certain financial metrics or ratios throughout the term of an agreement. These covenants may include requirements such as maintaining a minimum net worth, debt-to-equity ratio, or specific levels of liquidity. By setting these financial benchmarks, the clause helps ensure the ongoing financial health of the party and provides early warning to the other party, often a lender, if the borrower's financial position deteriorates, thereby managing risk and protecting the interests of the lender.
Financial Condition Covenants. 50 7.02 Liens.................................................................................................. 50 7.03
Financial Condition Covenants. The Borrower shall not:
Financial Condition Covenants. The Seller shall comply with the Financial Condition Covenants.
Financial Condition Covenants. Section 7.1 of the Credit Agreement shall be amended to read in its entirety as follows:
Financial Condition Covenants. Borrower shall not,
Financial Condition Covenants. (a) Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as at the last day of any fiscal quarter of the Borrower for the four fiscal quarters then ended to exceed 2.50:1.00.
Financial Condition Covenants. 35 6.2 Indebtedness....................................................35 6.3 Liens 35 6.4 Fundamental Changes.............................................36 6.5 Limitation on Sale of Assets....................................37 6.6
Financial Condition Covenants. Guarantor shall comply with the financial covenants set forth in Section 3 of the Pricing Side Letters.
Financial Condition Covenants. Subsection 8.1 of the Credit Agreement is hereby amended by deleting such subsection in its entirety and substituting in lieu thereof the following:
Financial Condition Covenants. CFC will not have a Consolidated Net Worth at any time of less than $7,680,000,000.