Financial Covenants of the Newlead Corporate Guarantor Sample Clauses

Financial Covenants of the Newlead Corporate Guarantor. The Borrower hereby covenants and undertakes with the Bank, that until the Outstanding Indebtedness has been paid and discharged in full, it will procure and ensure that:
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Financial Covenants of the Newlead Corporate Guarantor of Clause 8.6 (Additional Financial Covenants — Compliance Certificate) shall be deleted and replaced by the following: “at least 10% of the total issued share capital of the Newlead Corporate Guarantor is directly or indirectly held Messrs. Xxxxxxx Xxxxxxx and Xxxxxxxx Xxxxxx throughout the Security Period.”;
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Related to Financial Covenants of the Newlead Corporate Guarantor

  • 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 of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

  • 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.

  • Certain Financial Covenants The Borrower will not:

  • Covenants of the Guarantor The Guarantor covenants and agrees through the Termination Date, that:

  • 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 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.

  • Additional Covenants of the Company The Company further covenants and agrees with each Underwriter as follows:

  • NEGATIVE COVENANTS OF THE BORROWERS Until such time as all amounts of principal and interest due to the Bank by a Borrower pursuant to any Loan made to such Borrower is irrevocably paid in full, and until the Bank is no longer obligated to make Loans to such Borrower, such Borrower (for itself and on behalf of its respective Funds) agrees:

  • CERTAIN NEGATIVE 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 obligations to issue, extend or renew any Letters of Credit:

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