FINANCIAL COVENANTS/REPORTING Clause Samples
The Financial Covenants/Reporting clause requires a party, typically a borrower, to maintain certain financial standards and regularly provide financial information to the other party, often a lender. This may involve meeting specific ratios such as debt-to-equity or interest coverage, and submitting periodic financial statements or compliance certificates. The core function of this clause is to enable ongoing monitoring of the borrower's financial health, thereby allowing the lender to identify potential risks early and take action if financial performance deteriorates.
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FINANCIAL COVENANTS/REPORTING. Borrower covenants and agrees that from and after the date hereof until the Termination Date, Borrower shall perform and comply with, and shall cause each of the other Credit Parties to perform and comply with, all covenants in this Section 4 applicable to such Person.
FINANCIAL COVENANTS/REPORTING. Credit Parties covenant and agree that from and after the date hereof until the Termination Date, Credit Parties shall perform and comply with, and shall cause each of the other Credit Parties to perform and comply with, all covenants in this Section 4 applicable to such Person.
FINANCIAL COVENANTS/REPORTING. Borrower covenants and agrees that so long as the Revolving Loan Commitment remains in effect and until payment in full of all Obligations (excluding contingent Obligations not then due and payable) and termination of all Lender Guarantees, unless ▇▇▇▇▇▇ shall otherwise give its prior written consent, Borrower shall comply with, shall cause each of its Subsidiaries to comply with and shall use its best efforts to cause Holdings to comply with, all covenants in this Section 4 applicable to such Person.
FINANCIAL COVENANTS/REPORTING. Borrowers, jointly and severally, covenant and agree that from and after the date hereof until the Termination Date, Borrowers shall perform and comply with all covenants in this ARTICLE 6.
FINANCIAL COVENANTS/REPORTING. Borrower covenants and agrees that until payment in full of all Obligations, Borrower shall perform and comply with, and shall cause each of the other Loan Parties to perform and comply with, all covenants in this Section 4 applicable to such Person.
FINANCIAL COVENANTS/REPORTING. Borrower covenants and agrees that from and after the date hereof until the Termination Date, Borrower shall perform and comply with, and shall cause each of the other Credit Parties to perform and comply with, all covenants in this Section 4 applicable to such Person.
4.1 [Reserved].
4.2 [Reserved].
4.3 [Reserved].
4.4 [Reserved].
4.5 [Reserved].
4.6 [Reserved].
FINANCIAL COVENANTS/REPORTING. 22
6.2 Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement................................26
FINANCIAL COVENANTS/REPORTING. 4.1. Capital Expenditure Limits 4.2. Lease Limits 4.3. Omitted 4.4. Omitted
FINANCIAL COVENANTS/REPORTING. Each of SBKC and the Company covenants and agrees that so long as the Notes or any Obligations relating thereto remain outstanding, unless Majority Holders shall otherwise give their prior written consent, SBKC and the Company shall perform and comply with all covenants in this Section 4.
FINANCIAL COVENANTS/REPORTING. Borrower covenants and agrees that so long as the Revolving Loan Commitment is in effect and until payment in full of all Obligations and termination of all Lender Letters of Credit and Risk Participation Agreements, unless Requisite Lenders shall otherwise give their prior written consent, Borrower shall perform and comply with, and shall cause each of the other Loan Parties to perform and comply with, all covenants in this SECTION 4 applicable to such Person.
4.1 CAPITAL EXPENDITURE LIMITS . The aggregate amount of all Capital Expenditures of Borrower and it Subsidiaries in any fiscal year of Borrower will not exceed the amount set forth below for such fiscal year. FISCAL YEAR MAXIMUM CAPITAL EXPENDITURES 1997 $5,500,000 1998 and each fiscal year thereafter $3,000,000 Notwithstanding the foregoing, any ▇▇▇▇▇▇ Capital Expenditures (as defined below) not expended in 1997 may be carried forward and expended in fiscal year 1998, and the maximum Capital Expenditures permitted in 1998 shall be deemed increased by the amount carried forward so long as (a) such amount carried forward is expended only on ▇▇▇▇▇▇ Capital Expenditures, and (b) the aggregate amount of such ▇▇▇▇▇▇ Capital Expenditures does not exceed $1,500,000.