FINANCIAL COVENANTS OF THE COMPANY. The Company covenants and agrees that, so long as any Loan or any Note is Outstanding or any Bank has any obligation to make any Loans:
FINANCIAL COVENANTS OF THE COMPANY. 65 10.1. Leverage Ratio. ....................................................................66 10.2.
FINANCIAL COVENANTS OF THE COMPANY. The Company covenants and agrees that, so long as any Revolving Credit Loan, Unpaid Reimbursement Obligation, Letter of Credit or Revolving Credit Note is outstanding or any Bank has any obligation to make any Revolving Credit Loans or the Agent has any obligation to issue, extend or renew any Letters of Credit:
FINANCIAL COVENANTS OF THE COMPANY. The Company covenants and agrees that, so long as any Loan or any Note is Outstanding or any Bank has any obligation to make any Loans: AMERICAS/2023306744.4
FINANCIAL COVENANTS OF THE COMPANY. The Company covenants and agrees that, so long as any Senior Note is outstanding the Company will observe the following covenants:
FINANCIAL COVENANTS OF THE COMPANY. 20 4.1 Minimum Broadcast Cash Flow..................................................................20 4.2 Maximum Corporate Overhead Expense...........................................................21 4.3
FINANCIAL COVENANTS OF THE COMPANY. So long as the Preferred Shares are outstanding, the Company (for purposes of this Section 4 the term "Company" shall include any and all Subsidiaries) shall comply with the following covenants:
FINANCIAL COVENANTS OF THE COMPANY. The Company agrees that, so long as any Obligation or Letter of Credit or Bankers' Acceptance is outstanding or the Banks have any obligation to make Loans, or the Canadian Banks have any further obligations with respect to Bankers' Acceptances, or any Issuing Bank has any obligation to issue, extend or renew any Letter of Credit hereunder, or the Banks have any obligation to reimburse the Issuing Bank for drawings honored under any Letter of Credit, it shall, and shall cause its Subsidiaries to, comply with the following covenants:
FINANCIAL COVENANTS OF THE COMPANY. Until the Preferred Redemption Date, IHC agrees and covenants that it will maintain a minimum Net Worth (as hereinafter defined) on a consolidated basis with its subsidiaries in accordance with generally accepted accounting principles of not less than 1.75 multiplied by Five Million One Hundred Eighty-One Thousand Eight Hundred Eighteen Dollars ($5,181,818) (representing the difference between the Preferred Redemption Amount and the amount of Escrowed Funds). After the Preferred Redemption Date, IHC agrees and covenants that it will maintain a minimum Net Worth of not less than 1.75 multiplied by the aggregate outstanding balance from time to time due to Wyndham under the Promissory Notes. "Net Worth" means (i) the value of all tangible assets, including, without limitation, the cash proceeds from the Securities Transaction (as hereinafter defined) but excluding the Escrowed Funds, goodwill, contract rights and other intangibles, plus (ii) the amount of funds which are available to be drawn by IHC or its subsidiaries on any credit facility then in place with the Investor Group or its Affiliates or any institutional lender without the requirement to post additional security or meet material conditions which have not been satisfied, minus (iii) all liabilities and debt (treating the preferred stock issued in connection with the Securities Transaction (as hereinafter defined) and any other preferred stock as a liability for this purpose). At all times until the redemption of the Preferred Interest and the payment in full on the Notes, IHC agrees and covenants that all of the assets owned by it from time to time, (including (x) assets owned from time to time directly by IHC or its wholly-owned direct or indirect subsidiaries or (y) interests held from time to time in other entities not wholly-owned by IHC which own assets) will be owned by IHC or its wholly-owned direct or indirect subsidiaries. The Company shall provide to Wyndham quarterly within forty-five (45) business days of the end of each calender quarter financial statements of the Company certified by the Chief Financial Officer of IHC as accurate and complete in all material respects showing compliance with the foregoing minimum net worth requirements. A default with respect to the covenants in this Section 5, which is not cured within thirty (30) days following written notice by Wyndham to IHC shall constitute an event of default under this Agreement and the Notes.
FINANCIAL COVENANTS OF THE COMPANY. The Company covenants and agrees that, so long as any Obligation is outstanding:
