Financial Covenants Required Actual Complies. Maintain at all times, measured as indicated: (FQE = Fiscal Quarter Ending) Minimum Liquidity (measured monthly) $5,000,000 $___n/a___ Yes No Minimum trailing 6 months EBITDA (measured quarterly) FQE 09/29/12 $(2,000,000) FQE 12/29/12 $(3,000,000) FQE 03/30/13 $(1,000,000) FQE 06/30/13 $1 Thereafter $1 $____n/a______ Yes No Asset Based Threshold Actual At or Above Threshold? Liquidity of $7,500,000 $11,582,948 Yes No The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Adept Technology, Inc. By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Chief Financial Officer BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes No
Appears in 1 contract
Financial Covenants Required Actual Complies. Maintain at all times, measured as indicated: Adjusted Quick Ratio (FQE = Fiscal Quarter Endingat all times) Minimum Liquidity (measured tested monthly) $5,000,000 $___n/a___ Yes No Minimum trailing 6 months EBITDA (measured quarterly) FQE 09/29/12 $(2,000,000) FQE 12/29/12 $(3,000,000) FQE 03/30/13 $(1,000,000) FQE 06/30/13 $1 Thereafter $1 $> 1.20:1.0 ____n/a_:1.0 Yes No Adjusted EBITDA (tested quarterly) > _______* $ _______ Yes No Asset Based Threshold Actual At or Above Threshold? Liquidity * As set forth in Section 6.9(b) of $7,500,000 $11,582,948 Yes No the Agreement The following financial covenant analys[is][es] analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Adept Technology-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- TELARIA, Inc. INC. By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Chief Financial Officer BANK USE ONLY Received by: _____________________ authorized signer AUTHORIZED SIGNER Date: _________________________ Verified: ________________________ authorized signer AUTHORIZED SIGNER Date: _________________________ Compliance Status: Yes No
Appears in 1 contract
Financial Covenants Required Actual Complies. Maintain at all times, measured as indicated: (FQE = Fiscal Quarter Ending) Minimum Liquidity (measured monthly) Liquidity; or $5,000,000 $___n/a___ 10,000,000 $ Yes No Minimum trailing 6 months Adjusted EBITDA (measured quarterly) FQE 09/29/12 $(2,000,000) FQE 12/29/12 $(3,000,000) FQE 03/30/13 $(1,000,000) FQE 06/30/13 $1 Thereafter $1 $____n/a______ 1,000,000 $ Yes No Asset Based Threshold Actual At or Above Threshold? Liquidity of $7,500,000 $11,582,948 *For any month in which Obligations were outstanding under the Revolving Line **Tested when there are Obligations outstanding and prior to each Advance Streamline Period Applies Adjusted Quick Ratio > 1.25:1.00 Yes No The following financial covenant analys[is][es] analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Adept Technology--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Cardiovascular Systems, Inc. By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Chief Financial Officer BANK USE ONLY Received by: _____________________ authorized signer AUTHORIZED SIGNER By: Name: Date: _________________________ Title: Verified: ________________________ authorized signer AUTHORIZED SIGNER Date: _________________________ Compliance Status: Yes No
Appears in 1 contract
Samples: Loan and Security Agreement (Cardiovascular Systems Inc)
Financial Covenants Required Actual Complies. Maintain at all times, measured as indicated: (FQE = Fiscal Quarter Ending) Minimum Liquidity (measured monthly) Liquidity; or $5,000,000 $___n/a___ 10,000,000 $ Yes No Minimum trailing 6 months Adjusted EBITDA (measured quarterly) FQE 09/29/12 $(2,000,000) FQE 12/29/12 $(3,000,000) FQE 03/30/13 $(1,000,000) FQE 06/30/13 $1 Thereafter $1 $____n/a______ 1,000,000 $ Yes No Asset Based Threshold Actual At or Above Threshold? Liquidity of $7,500,000 $11,582,948 *For any month in which Obligations were outstanding under the Revolving Line **Tested when there are Obligations outstanding and prior to each Advance Streamline Period Applies Adjusted Quick Ratio > 1.25:1.00 Yes No The following financial covenant analys[is][es] analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Adept Technology--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Cardiovascular Systems, Inc. By: /s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx Title: Chief Financial Officer BANK USE ONLY Received by: _____________________ authorized signer AUTHORIZED SIGNER Date: _________________________ Verified: ________________________ authorized signer AUTHORIZED SIGNER Date: _________________________ Compliance Status: Yes NoNo SCHEDULE 1 TO COMPLIANCE CERTIFICATE 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.
Appears in 1 contract
Samples: Loan and Security Agreement (Cardiovascular Systems Inc)