FINANCIAL COVENANTS OF THE BORROWERS. Each of the Borrowers covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or the Lenders have any obligation to make any Loans or the Administrative Agent has any obligation to issue, extend or renew any Letters of Credit:
FINANCIAL COVENANTS OF THE BORROWERS. The Borrowers agree that, so long as any Loan or any Note is outstanding or the Banks have any obligation to make Loans or the Agent has any obligation to issue, extend or renew any Letters of Credit hereunder:
FINANCIAL COVENANTS OF THE BORROWERS. So long as any Obligation remains outstanding or this Agreement remains in effect, the Borrowers will comply with each of the financial covenants set forth below.
FINANCIAL COVENANTS OF THE BORROWERS. The Borrowers will comply, and will cause the other VSE Entities to comply, with each of the financial covenants set forth below:
FINANCIAL COVENANTS OF THE BORROWERS. Each of the Borrowers covenants and agrees that, so long as any Loan, Bankers' Acceptance, Unpaid Reimbursement Obligation, Letter of Credit or Note or loan account is outstanding or any Bank has any obligation to make any Loans or accept and/or purchase any Bankers' Acceptances or the Agent has any obligation to issue, extend or renew any Letters of Credit:
FINANCIAL COVENANTS OF THE BORROWERS. The Borrowers covenant and agree that, so long as any Loan or Note is outstanding or any Lender has any obligation to make any Loans it will comply with the following:
FINANCIAL COVENANTS OF THE BORROWERS. On and after the Closing Date, so long as any obligation hereunder shall remain unpaid or any Lender shall have any Commitment hereunder, each Borrower shall, unless the Majority Lenders shall otherwise consent in writing:
FINANCIAL COVENANTS OF THE BORROWERS. Each of the Borrowers covenants and agrees that, so long as any Loan, Letter of Credit or Note is outstanding or any Lender has any obligation to make any Loan or any Lender has any obligation to issue, extend or renew any Letters of Credit:
FINANCIAL COVENANTS OF THE BORROWERS. During the term of the Credit, the Borrowers will maintain the following financial covenants and such computations shall be made on a consolidated basis in accordance with Generally Accepted Accounting Principles applied on a Consistent Basis:
(a) the ratio of Total Liabilities to Tangible Net Worth of the Borrower at the end of any fiscal quarter shall not be more than 1 to 1.
(b) the ratio of Secured Debt to Total Assets at the end of any fiscal quarter shall not be more than .40 to 1.
(c) the ratio of Unencumbered Assets to Unencumbered Debt at the end of any fiscal quarter shall not be less than 1.75 to 1.
(d) the ratio of EBITDA to Interest at the end of any fiscal quarter shall not be less than 1.75 to 1.
FINANCIAL COVENANTS OF THE BORROWERS. So long as any Obligation remains outstanding or this Agreement remains in effect, the Borrowers will comply, and will cause the other ICF Entities in the aggregate to comply, with each of the financial covenants set forth below:
