Common use of Financial Covenant Required Actual Complies Clause in Contracts

Financial Covenant Required Actual Complies. Adjusted Quick Ratio 1.05:1.00 ____:1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28, 2014 ($17,000,000) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

Appears in 3 contracts

Samples: Loan and Security Agreement (Aviat Networks, Inc.), Loan and Security Agreement (Aviat Networks, Inc.), Loan and Security Agreement (Aviat Networks, Inc.)

AutoNDA by SimpleDocs

Financial Covenant Required Actual Complies. Maintain as indicated: Minimum EBITDA * $ Yes No Minimum Adjusted Quick Ratio 1.05:1.00 ____1.25:1.00 :1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA *See Section 6.9(a) Performance Pricing Applies Adjusted Quick Ratio at least 1.50:1.00 Prime + 0.75% (Eligible Accounts) or Prime + 1.25% (Eligible Foreign Accounts and Eligible Inventory); LIBOR + 3.75% (Eligible Accounts) or LIBOR +4.25% (Eligible Foreign Accounts and Eligible Inventory) Yes No March 28, 2014 Adjusted Quick Ratio less than 1.50:1.00 Prime + 1.25% ($17,000,000Eligible Accounts); Prime + 1.75% (Eligible Foreign Accounts and Eligible Inventory) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis Yes No The following financial covenant analys[is][es] analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ASPEN AEROGELS, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER authorized signer Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER authorized signer Date: _______________________________ Compliance Status: :Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________No

Appears in 2 contracts

Samples: Loan and Security Agreement (Aspen Aerogels Inc), Loan and Security Agreement (Aspen Aerogels Inc)

Financial Covenant Required Actual Complies. Adjusted Quick Ratio 1.05:1.00 Maintain as indicated: Minimum Two Quarters’ EBITDA (as of the last day of each fiscal quarter, two rolling quarters) We currently do not support nested tables... $____:___ Yes No Maximum Capital Expenditures Not in excess of $20,000,000 in the aggregate for the period January 1, 2011, to December 31, 2012, and not in excess of $8,000,000 in any other fiscal year. ** $_______ Yes** No Liquidity (at all times, tested monthly) Not less than 1.25:1.00 ____: 1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28, 2014 ($17,000,000) June 27, 2014** ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis Excluding Capital Expenditures financed by purchase money security interest financing or financial leases to the extent permitted by Section 7.4 The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS, INC. By: ______________________________ Name: ________________________ Title: ________________________ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ RADISYS CORPORATION BANK USE ONLY By: Received by: _________________________ Name: AUTHORIZED SIGNER Title: Date: Verified: AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

Appears in 1 contract

Samples: Loan and Security Agreement (Radisys Corp)

Financial Covenant Required Actual Complies. Adjusted Quick Ratio 1.05:1.00 ____:1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28Each quarter after December 30, 2014 ($17,000,000) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 20152016* $1.00 September 25, 2015 and thereafter* TBD *measured Measured on a trailing two fiscal quarter basis The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. ACTIVE 243105611 The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ADMINISTRATIVE BORROWER: AVIAT NETWORKS, INC. By: Name: Title: BANK USE ONLY Received by: _____________________ AUTHORIZED SIGNER Date: ______________________________ NameVerified: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No ACTIVE 243105611 Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________Certificate

Appears in 1 contract

Samples: Loan and Security Agreement (Aviat Networks, Inc.)

Financial Covenant Required Actual Complies. Adjusted Quick Ratio 1.05:1.00 ____:1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28July 1, 2014 2016 ($17,000,0009,500,000) June 27September 30, 2014* 2016 ($27,000,000) September 26, 2014* ($12,000,0002,500,000) December 2630, 2014* (2016 $8,000,000) March 27, 2015* ($3,000,000) June 26, 20151.00 Each quarter thereafter * $1.00 September 25, 2015 and thereafter* TBD *measured Measured on a trailing two fiscal quarter basis The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

Appears in 1 contract

Samples: Loan and Security Agreement (Aviat Networks, Inc.)

Financial Covenant Required Actual Complies. Maintain at all times (measured quarterly)* Adjusted Quick Ratio 1.05:1.00 EBITDA Loss (on a trailing twelve (12) month basis) See Section 6.7 $_______ Yes No Liquidity > 1.50 : 1.00 _____:1.00 1.0 Yes No Maintain on a Quarterly Basis: Minimum * Applicable only when Borrower’s Bank Liquidity is less than the Liquidity Threshold Performance Pricing for Advances Applies Trailing 12-month Adjusted EBITDA Fiscal Quarter End Minimum EBITDA ≥ $0.00 LIBOR Rate + 2.75%/Prime Rate + 0.00% Yes No March 28, 2014 (Trailing 12-month Adjusted EBITDA < $17,000,000) June 27, 20140.00 LIBOR Rate + 3.25%/Prime Rate + 0.50% Yes No *** (Indicates text has been omitted from this Exhibit pursuant to a confidential treatment request and has been filed separately with the Securities and Exchange Commission. Performance Pricing for the Term Loan Applies Trailing 12-month Adjusted EBITDA ≥ $27,000,000) September 26, 2014* (0.00 LIBOR Rate + 3.00%/Prime Rate + 0.25% Yes No Trailing 12-month Adjusted EBITDA < $12,000,000) December 26, 2014* (0.00 LIBOR Rate + 3.50%/Prime Rate + 0.75% Yes No Determination of Unused Fee Applies Trailing 12-month Adjusted EBITDA ≥ $8,000,000) March 27, 2015* (0.00 0.25% Yes No Trailing 12-month Adjusted EBITDA < $3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis 0.00 0.35% Yes No The following financial covenant analys[is][es] analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- IMPINJ, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER authorized signer Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER authorized signer Date: _______________________________ Compliance Status: :Yes No Schedule 1 *** Indicates text has been omitted from this Exhibit pursuant to Compliance Certificate Financial Covenants of Borrower In a confidential treatment request and has been filed separately with the event of a conflict between this Schedule Securities and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________Exchange Commission.

Appears in 1 contract

Samples: Loan and Security Agreement (Impinj Inc)

Financial Covenant Required Actual Complies. Adjusted Quick Ratio 1.05:1.00 Maintain on a Monthly Basis: Minimum Tangible Net Worth $6,000,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income $____:1.00 ___ Yes No Maintain on Performance Pricing Applies Applies only to the Revolving Line and only after Borrower achieves Quick Ratio equal to or greater than 1.0 to 1.0 and only if Borrower continues to achieve a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Quick Ratio equal to or greater than 1.0 to 1.0 Yes No March 28, 2014 Quick Ratio < 1.0 to 1.0 Greater of ($17,000,000i) June 27, 2014* Prime + 1.25% or ($27,000,000ii) September 26, 2014* 4.25% Yes No Quick Ratio > 1.0 to 1.0 Greater of ($12,000,000i) December 26, 2014* Prime + 0.75% or ($8,000,000ii) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis 4.25% Yes No The following financial covenant analys[is][es] analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS----------------------------------------------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- LANTRONIX, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY By: Received by: _________________________ AUTHORIZED SIGNER Name: Date: Title: Verified: AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: _____________________ Tangible Net Worth (Section 6.9(a)) Required Amount: $6,000,000 plus (i) 50% of consideration for equity securities and subordinated debt plus (ii) 50% of Borrower’s quarterly net income Actual:

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.05:1.00 1.25:1.00 _____:1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA External Accounts Maximum Funds Allowed Therein Actual Complies External BOA Account Up to $500,000 in the aggregate $_________ External Paypal Account Up to $500,000 in the aggregate $_________ Yes No March 28, 2014 ($17,000,000) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis The following financial covenant analys[is][es] analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following is a list of (i) any material change in the composition of the Intellectual Property, (ii) the registration of any copyright, including any subsequent ownership right of Borrower in or to any copyright, patent or trademark not previously disclosed in writing to Bank, and (iii) Borrower’s knowledge of an event that could reasonably be expected to materially and adversely affect the value of the Intellectual Property: --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- (For the avoidance of doubt, Section 6.2(j) of the Agreement requires that Borrower provide written notice of the matters described in the aforementioned clauses (i), (ii) and (iii) promptly, but in no event later than forty-five (45) days after the last day of each quarter.) The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Samples: Loan and Security Agreement

Financial Covenant Required Actual Complies. Adjusted Quick Ratio 1.05:1.00 ____:1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Tangible Net Worth: $35,000,000 for quarter ending December 31, 2008 Yes No $25,000,000 for quarter ending March 2831, 2014 (2009 Yes No $17,000,000) 25,000,000 for quarter ending June 2730, 2014* (2009 Yes No $27,000,000) 25,000,000 for quarter ending September 2630, 2014* (2009 Yes No $12,000,000) 25,000,000 for quarter ending December 2631, 2014* (2009 Yes No $8,000,000) 27,000,000 for quarter ending March 2731, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 2010 and thereafter* TBD *measured each quarter thereafter Yes No Maintain on a trailing two fiscal quarter basis Monthly Basis: Minimum Quick Ratio (on a monthly basis) 1.15:1.0 _____:1.0 Yes No The following financial covenant analys[is][es] analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS, INC. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ By: :______________________________ Name: ___________________________ Title: ____________________________ By:______________________________ Name: ___________________________ Title: ____________________________ BANK USE ONLY Received by: _____________________ AUTHORIZED SIGNER Date: _________________________ Verified: ________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________Certificate

Appears in 1 contract

Samples: Loan and Security Agreement (Comverge, Inc.)

Financial Covenant Required Actual Complies. Adjusted Quick Ratio 1.05:1.00 ____:1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28, 2014 ($17,000,000) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

Appears in 1 contract

Samples: Loan and Security Agreement (Aviat Networks, Inc.)

Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.05:1.00 Ratio* 1.50:1.00 _____:1.00 Yes No Maintain * To be tested only when Borrower’s domestic unrestricted cash, Cash Equivalents and short-term investments total less than $60,000,000. [Continued on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28, 2014 ($17,000,000) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis following page.] The following financial covenant analys[is][es] analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. Attached is a summary of any Restricted Licenses (other than over-the-counter software that is commercially available to the public or Restricted Licenses with respect to which Borrower has already provided written notice to Bank) entered into by Borrower or under which Borrower is bound. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Intermolecular, Inc. By: AVIAT NETWORKS, INC. ByName: Title: BANK USE ONLY Received by: _____________________ AUTHORIZED SIGNER Date: ______________________________ NameVerified: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________No

Appears in 1 contract

Samples: Loan and Security Agreement (Intermolecular Inc)

Financial Covenant Required Actual Complies. Maintain at all times (measured quarterly)* Adjusted Quick Ratio 1.05:1.00 EBITDA Loss (on a trailing twelve (12) month basis) See Section 6.7 $_______ Yes No Liquidity > 1.50 : 1.00 _____:1.00 1.0 Yes No Maintain on a Quarterly Basis: Minimum * Applicable only when Borrower’s Bank Liquidity is less than the Liquidity Threshold 354271-000809 Performance Pricing for Advances Applies Trailing 12-month Adjusted EBITDA Fiscal Quarter End Minimum EBITDA ≥ $0.00 LIBOR Rate + 2.75%/Prime Rate + 0.00% Yes No March 28, 2014 (Trailing 12-month Adjusted EBITDA < $17,000,000) June 27, 2014* (0.00 LIBOR Rate + 3.25%/Prime Rate + 0.50% Yes No Performance Pricing for the Term Loan Applies Trailing 12-month Adjusted EBITDA ≥ $27,000,000) September 26, 2014* (0.00 LIBOR Rate + 3.00%/Prime Rate + 0.25% Yes No Trailing 12-month Adjusted EBITDA < $12,000,000) December 26, 2014* (0.00 LIBOR Rate + 3.50%/Prime Rate + 0.75% Yes No Performance Pricing for the Equipment Advance Applies Trailing 12-month Adjusted EBITDA ≥ $8,000,000) March 27, 2015* (0.00 LIBOR Rate + 3.50%/Prime Rate + 0.75% Yes No Trailing 12-month Adjusted EBITDA < $3,000,000) June 26, 2015* 0.00 LIBOR Rate + 4.00%/Prime Rate + 1.25% Yes No Determination of Unused Fee Applies Trailing 12-month Adjusted EBITDA ≥ $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis 0.00 0.25% Yes No Trailing 12-month Adjusted EBITDA < $0.00 0.35% Yes No The following financial covenant analys[is][es] analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- IMPINJ, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER authorized signer Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER authorized signer Date: _______________________________ Compliance Status: :Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________354271-000809

Appears in 1 contract

Samples: Loan and Security Agreement (Impinj Inc)

AutoNDA by SimpleDocs

Financial Covenant Required Actual Complies. Adjusted Quick Ratio 1.05:1.00 ____:1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28, 2014 ($17,000,000) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27April 3, 2015* 2015 ($3,000,00010,000,000) June 26July 3, 20152015 ($1,500,000) October 2, 2015 $1.00 January 1, 2016* $1.00 September 25April 1, 2015 and thereafter2016 ($5,500,000) Each quarter following the quarter ending April 1, 2016 * TBD $1.00 *measured on a trailing two fiscal quarter basis The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

Appears in 1 contract

Samples: Loan and Security Agreement (Aviat Networks, Inc.)

Financial Covenant Required Actual Complies. Maintain as indicated: Adjusted Quick Ratio 1.05:1.00 (monthly) 1.00 : 1.00 ____:1.00 _: 1.0 Yes No Maintain on a Quarterly Basis: Minimum Adjusted EBITDA/Maximum Adjusted EBITDA Fiscal Quarter End Minimum EBITDA Loss (quarterly) * $________ Yes No March 28, 2014 ($17,000,000* As set forth in Section 6.9(c) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis of the Agreement The following financial covenant analys[is][es] analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ MAXPOINT INTERACTIVE, INC. By: ______________________________ Name: ________________________ _Title: _________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: _____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________No

Appears in 1 contract

Samples: Loan and Security Agreement (MaxPoint Interactive, Inc.)

Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.05:1.00 1.25:1.00 _____:1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28, 2014 ($17,000,000) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis The following financial covenant analys[is][es] analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following is a list of (i) any material change in the composition of the Intellectual Property, (ii) the registration of any copyright, including any subsequent ownership right of Borrower in or to any copyright, patent or trademark not previously disclosed in writing to Bank, and (iii) Borrower’s knowledge of an event that could reasonably be expected to materially and adversely affect the value of the Intellectual Property: --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- (For the avoidance of doubt, Section 6.2(j) of the Agreement requires that Borrower provide written notice of the matters described in the aforementioned clauses (i), (ii) and (iii) promptly, but in no event later than forty-five (45) days after the last day of each quarter.) The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- AEROHIVE NETWORKS, INC. By: Name: Title: BANK USE ONLY Received by: _____________________ AUTHORIZED SIGNER Date: ______________________________ NameVerified: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________No

Appears in 1 contract

Samples: Loan and Security Agreement (Aerohive Networks, Inc)

Financial Covenant Required Actual Complies. Adjusted Quick Ratio (when no Advances are outstanding under the Revolving Line or have been requested, tested quarterly when Advances are outstanding under the Revolving Line or have been requested, tested monthly) 1.05:1.00 ____:1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28Each quarter after December 30, 2014 ($17,000,000) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 20152016* $1.00 September 25, 2015 and thereafter* TBD *measured Measured on a trailing two fiscal quarter basis The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ADMINISTRATIVE BORROWER: AVIAT NETWORKS, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY Received by: _____________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ________________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

Appears in 1 contract

Samples: Loan and Security Agreement (Aviat Networks, Inc.)

Financial Covenant Required Actual Complies. Adjusted Quick Ratio 1.05:1.00 Maintain as indicated: Minimum Tangible Net Worth * (tested quarterly) ($21,000,000) $ _______ Yes No Minimum Liquidity Ratio** (tested monthly) 1.75:1.00 :1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28, 2014 ($17,000,000* See Section 6.9(a) June 27, 2014of the Loan Agreement ** ($27,000,000See Section 6.9(b) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis of the Loan Agreement The following financial covenant analys[is][es] analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- STEREOTAXIS, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY STEREOTAXIS INTERNATIONAL, INC. Received by: _________________________ By: AUTHORIZED SIGNER Name: Date: Title: Verified: AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________:

Appears in 1 contract

Samples: Ninth Loan Modification Agreement (Stereotaxis, Inc.)

Financial Covenant Required Actual Complies. Adjusted Quick Ratio 1.05:1.00 Maintain as indicated: Minimum Cash $3,500,000 $____:1.00 ___ Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28, 2014 ($17,000,000) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 Confidential and thereafter* TBD Proprietary CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED [*measured on a trailing two fiscal quarter basis **]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. The following financial covenant analys[is][es] analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- XXXX INNOVATIONS INCORPORATEDLUNA TECHNOLOGIES, INC. By: Name: Title: BANK USE ONLY Received by: _____________________ AUTHORIZED SIGNER Date: ______________________________ NameVerified: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Confidential and Proprietary CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED [***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________Certificate

Appears in 1 contract

Samples: Loan Modification Agreement (Luna Innovations Inc)

Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.05:1.00 Ratio* 1.50:1.00 _____:1.00 Yes No Maintain * To be tested only when Borrower's domestic unrestricted cash, Cash Equivalents and short-term investments total less than $60,000,000. [Continued on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28, 2014 ($17,000,000) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis following page.] The following financial covenant analys[is][es] analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. Attached is a summary of any Restricted Licenses (other than over-the-counter software that is commercially available to the public or Restricted Licenses with respect to which Borrower has already provided written notice to Bank) entered into by Borrower or under which Borrower is bound. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Intermolecular, Inc. By: AVIAT NETWORKS, INC. ByName: Title: BANK USE ONLY Received by: _____________________ AUTHORIZED SIGNER Date: ______________________________ NameVerified: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________No

Appears in 1 contract

Samples: Loan and Security Agreement (Intermolecular Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!