Financial Covenants of Seller Sample Clauses

Financial Covenants of Seller. The Seller covenants and agrees with Recco that so long as this Agreement shall remain in effect:
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Financial Covenants of Seller. (i) Seller shall comply with the following financial covenants: (A) the ratio of Seller’s Total Indebtedness to its Adjusted Tangible Net Worth shall not at any time be greater than 10:1; (B) Seller shall maintain Liquidity as of the last day of the prior calendar month in an amount of not less than $10,000,000; and (C) the Adjusted Tangible Net Worth of Seller shall at all times be greater than $140,000,000;"
Sample 1
Financial Covenants of Seller. Seller shall comply with the following financial covenants: (A) the ratio of Seller’s Total Indebtedness to its Adjusted Tangible Net Worth shall not at any time be greater than 10:1; (B) Seller shall maintain Liquidity as of the last day of the prior calendar month in an amount of not less than $7,500,000; (C) the Adjusted Tangible Net Worth of Seller shall at all times be greater than $140,000,000; and (D) Seller’s consolidated net income shall be equal to or greater than $1.00 for at least one (1) of the previous two (2) consecutive fiscal quarters, as of the end of each fiscal quarter.
Sample 1
Financial Covenants of Seller. Seller shall comply with the following financial covenants: (A) the ratio of Seller’s Total Indebtedness to its Adjusted Tangible Net Worth shall not at any time be greater than 10:1, (B) Seller shall maintain Liquidity as of the last day of each calendar month in an amount of not less than $7,500,000, (C) Seller’s Adjusted Tangible Net Worth shall at all times be greater than the sum of (i) $65,000,000, plus (ii) 50% of its positive quarterly income, and (D) Seller’s consolidated net income shall be equal to or greater than $1.00 for at least one (1) of the previous two (2) consecutive fiscal quarters, as of the end of each fiscal quarter.
Sample 1
Financial Covenants of Seller. The Seller covenants and agrees with Fincx xxxt so long as this Agreement shall remain in effect:
Sample 1
Financial Covenants of Seller. 20 Section 4.7 Representations and Warranties of Recco........................................ 21 Section 4.8 Collecting Title Documents Not Delivered on the Purchase Date.................. 21 ARTICLE V SELLER NOTE AND SUBORDINATED NOTE......................................................... 21 Section 5.1 Seller Note.................................................................... 21 Section 5.2 Restrictions on Transfer of Seller Note........................................ 22 Section 5.3 Subordinated Note.............................................................. 22 Section 5.4 Restrictions on Transfer of Subordinated Note.................................. 24
Sample 1
Financial Covenants of Seller. Section 10(j) of the Existing Purchase and Sale Agreement is hereby amended by deleting clause (v) in its entirety and replacing it with the following:
Sample 1
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Related to Financial Covenants of Seller

  • 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: ____________________

  • Negative Covenants of Seller On and as of the date hereof and each Purchase Date and until this Agreement is no longer in force with respect to any Transaction, Seller shall not without the prior written consent of Buyer:

  • Financial Covenants So long as any Advance or any other Obligation of any Loan Party under any Loan Document shall remain unpaid, any Letter of Credit shall be outstanding or any Lender Party shall have any Commitment hereunder, the Borrower will:

  • FINANCIAL COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligation to issue, extend or renew any Letters of Credit:

  • Financial Covenants and Ratios Seller shall at all times comply with any financial covenants and/or financial ratios set forth in the Transactions Terms Letter.

  • Covenants of Seller Seller covenants and agrees with Buyer as follows:

  • Specific Financial Covenants During the term of this Agreement, and thereafter for so long as there are any Obligations to Lender, Borrower covenants that, unless otherwise consented to by Lender in writing, it shall:

  • Covenants of Sellers Sellers agree that:

  • Special Covenants If any Company shall fail or omit to perform and observe Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13 or 5.15 hereof.

  • Financial Covenant So long as any Loan shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of Consolidated Debt to Consolidated Capital of not greater than 0.65 to 1.00 as of the last day of each fiscal quarter.

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