Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Tangible Net Worth $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 $_______ Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions, Inc. By:__________________________________ Name:________________________________ Title:_________________________________ BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes No
Appears in 2 contracts
Samples: Loan and Security Agreement (Energy & Power Solutions, Inc.), Loan and Security Agreement (Energy & Power Solutions, Inc.)
Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Tangible Net Worth $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after Accounts tested as of: March 31, 2010 2011 $1,000,000 $_________ Yes No June 30, 2011 and each month thereafter $2,000,000 $_________ Yes No Minimum Equity Raise by March 15, 2011 $2,000,000 $_________ Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ LOCATION BASED TECHNOLOGIES, Inc. INC. By:: __________________________________ Name:: ________________________________ Title:: _________________________________ BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes No
Appears in 1 contract
Samples: Loan and Security Agreement (Location Based Technologies, Inc.)
Financial Covenant Required Actual Complies. Maintain as of the last day of each applicable quarter: Modified EBITDA (measured on a Monthly Basis: Minimum Tangible Net Worth trailing 12 month basis) As set forth in Section 6.7(a) $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 $_________ Yes No Adjusted Quick Ratio > 2.0 :1.0 ___ : ___ Yes No Adjusted Quick Ratio (quarterly) > 2.75:1.0 _____:1.0 Yes No The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power SolutionsBORROWER:JIVE SOFTWARE, Inc. By:XXX.Xx: _________________________________________ Name:: ______________________________________ Title:: _______________________________________ BANK USE ONLY Received by: _____________________ authorized signer AUTHORIZED SIGNER Date: _________________________ Verified: ________________________ authorized signer AUTHORIZED SIGNER Date: _________________________ Compliance Status: Yes No
Appears in 1 contract
Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.00:1.0 ____:1.0 Yes o No o Minimum Tangible Net Worth $12,500,000 ____________ (which equals $25,350,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 profits plus 75% of equity and Subordinated Debt net proceeds) $_______ Yes o No o The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions, Inc. By:______________________________________________________________________________________________________________________________________________________ Name:________________________________ Title:_______________________________________________________________________________________________________________________ BANK USE ONLY Received by: _____________________ authorized signer Date: __________________________________________________________________________________________________________________________________ Relm Wireless Corporation BANK USE ONLY Received by: By: authorized signer Name: Date: Title: Relm Communications, Inc. Verified: ________________________ authorized signer By: Date: _________________________ Name: Compliance Status: Yes Noo No o Title:
Appears in 1 contract
Financial Covenant Required Actual Complies. Maintain at all times: Adjusted Quick Ratio (to be tested on a Monthly Basis: Minimum the last day of each month) 1.25:1.0 ____:1.0 Yes No Tangible Net Worth (to be tested on the last day of each quarter) $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 * $________ Yes No *As set forth in Section 6.7(b) of the Agreement. The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “"No exceptions to note.”") --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions, Inc. CHYRON CORPORATION By:__________________________________ : Name:________________________________ : Title:_________________________________ : BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes No
Appears in 1 contract
Financial Covenant Required Actual Complies. Maintain on a Quarterly Basis: Cumulative Free Cash Flow See Agreement $ Yes No Maintain on a Monthly Basis: Minimum Tangible Net Worth $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 $Liquidity Ratio See Agreement _______ :1.0 Yes No The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions, Inc. By:______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ GLOBAL MED TECHNOLOGIES, INC. BANK USE ONLY Received by: By: ___________________________________________________ AUTHORIZED SIGNER Name:: _________________________________________________ Date: Title: __________________________________________________ Verified: XXXXXXXXX.XXX, INC. AUTHORIZED SIGNER Date: By: ___________________________________________________ Compliance Status: Yes No Name: _________________________________________________ Title:: _________________________________ BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes No
Appears in 1 contract
Financial Covenant Required Actual Complies. Maintain on a Monthly Basisas indicated: Minimum Tangible Net Worth Liquidity (at all times) $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 1,000,000 $________ Yes No EBITDA (monthly, on a trailing three month basis)* $_____ $_____ Yes No * See Section 6.9(b) of the Loan Agreement The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power SolutionsGlowpoint, Inc. GP Communications, LLC By:__________________________________ : Name:________________________________ : Title:_________________________________ : BANK USE ONLY Received by: _____________________ authorized signer AUTHORIZED SIGNER Date: _________________________ Verified: ________________________ authorized signer AUTHORIZED SIGNER Date: _________________________ Compliance Status: Yes NoNo Dated: ____________________
Appears in 1 contract
Financial Covenant Required Actual Complies. Maintain at all times: Adjusted Quick Ratio (to be tested on a Monthly Basis: Minimum Tangible Net Worth the last day of each month) 1.20:1.0 ____:1.0 Yes No Maximum EBITDA Loss (to be reported on the last day of each quarter) $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 * $________ Yes No *As set forth in Section 6.7(c) of the Agreement. The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions, Inc. CHYRONHEGO CORPORATION By:__________________________________ : Name:________________________________ : Title:_________________________________ : BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes No
Appears in 1 contract
Financial Covenant Required Actual Complies. Maintain on a Maintain: Minimum Adjusted Quick Ratio, Monthly Basis: 1.25:1.00 :1.0 Yes No Minimum Tangible Net Worth Worth, Quarterly $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on 20MM or after March 31, 2010 $_______ 25MM* $ Yes No * $20 million as of each quarter-end through 9/30/09; $25 million thereafter. The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions, Inc. By:________________________________________________________________________________________________________________________________________________________ Name:________________________________ Title:____________________________________________________________________________________________________________________________ BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________________________________________________________________________________________________________________ Verified: ________________________ authorized signer Date: _________________________ ISTA PHARMACEUTICALS, INC. BANK USE ONLY By: Received by: Name: AUTHORIZED SIGNER Title: Date: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No
Appears in 1 contract
Samples: Loan Modification Agreement (Ista Pharmaceuticals Inc)
Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: at all times (tested): Minimum Tangible Adjusted Net Worth Income (quarterly, T3M) $ 50,000.00 $12,500,000 plus _________ Yes No Minimum Liquidity (icertified monthly) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 $1,000,000.00 $_________ Yes No The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ BRIDGELINE SOFTWARE, Inc. INC. BANK USE ONLY By:___________________________ Received by:____________________________ Name:________________________________ Authorized Signer Title:_________________________________ BANK USE ONLY Received by: Date:_____________________ authorized signer Date: _________________________ Verified: _______________________________ authorized signer Authorized Signer Date: :__________________________________ Compliance Status: Yes No
Appears in 1 contract
Samples: Loan Modification Agreement (Bridgeline Software, Inc.)
Financial Covenant Required Actual Complies. Maintain at all times: Adjusted Quick Ratio (to be tested on a Monthly Basis: Minimum the last day of each month) 1.50:1.0 ____:1.0 Yes No Tangible Net Worth (to be tested on the last day of each quarter) $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 * $________ Yes No *As set forth in Section 6.7(b) of the Agreement. The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “"No exceptions to note.”") --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions, Inc. CHYRON CORPORATION By:__________________________________ : Name:________________________________ : Title:_________________________________ : BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes No
Appears in 1 contract
Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Tangible Net Worth $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 $Quick Ratio _____:1.0 __ ____:1.0 Yes No Minimum Fixed Charge Coverage Ratio _____:1.0 _____:1.0 Yes No The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________ Technest Holdings, Inc. By:: ____________________________________ Name:: __________________________________ Title:: ___________________________________ E-OIR Technologies, Inc. By: ____________________________________ Name: __________________________________ Title: ___________________________________ Genex Technologies Incorporated By: ____________________________________ Name: __________________________________ Title: ___________________________________ BANK USE ONLY Received by: _____________________ authorized signer Date: __________________________ Verified: ________________________ authorized signer Date: __________________________ Compliance Status: Yes No
Appears in 1 contract
Samples: Loan and Security Agreement (Technest Holdings Inc)
Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Tangible Net Worth at all times (tested): Adjusted Quick Ratio (monthly) 1.5:1.0 _____:1.0 Yes No 2-Quarter Trailing EBITDA (quarterly) $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 $250,000.00 ________ Yes No The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------------------------------------------------------------------------------------- BRIDGELINE SOFTWARE, Inc. INC. By:_________: _________________________ Name:_________: _______________________ Title:__________: _______________________ BANK USE ONLY Received by: _______________________ authorized signer Date: ____________________________ Verified: __________________________ authorized signer Date: ____________________________ Compliance Status: Yes No
Appears in 1 contract
Samples: Loan and Security Agreement (Bridgeline Software, Inc.)
Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Tangible Net Worth $12,500,000 plus Adjusted Quick Ratio (iMonthly) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 $1.0:1.0 _______ :1.0 Yes No Minimum Net Profit (Quarterly) $ * $ Yes No *As set forth in Section 6.7(b) of the Agreement. The following financial covenant analysis analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions, Inc. By:_____________________________________________________________________________________________________ Name:_____________________________________________________________________________________________________ Alvarion Ltd. By: Name: Title:: Alvarion, Inc. By: _________________________________ Name: ______________________________ Title: _______________________________ BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes NoNo Dated: ____________________
Appears in 1 contract
Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.00 : 1.00 : 1.00 Yes No Minimum Tangible Net Worth $12,500,000 3,000,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 $_______ income. $ Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NETLIST, Inc. By:__________________________________ Name:________________________________ Title:_________________________________ INC. BANK USE ONLY Received by: _____________________ By: authorized signer Name: Date: _________________________ Title: Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes No
Appears in 1 contract
Samples: Loan Agreement (Netlist Inc)