Financial Covenants Required Actual Complies. Maintain at all times (certified monthly): Commencing with the month ending March 31, 2014 and on the last day of each month thereafter, a Tangible Net Worth of at least $150,000, which amount shall be increased, commencing with the quarter ending March 31, 2014 and each quarter thereafter, by the sum of (y) 50% of Borrower’s quarterly Net Income (without reduction for any losses) for such quarter, plus (z) 50% of all proceeds received from the issuance of equity during such quarter and/or the principal amount of all Subordinated Debt incurred during such quarter. $150,000 $__________ Yes No The following financial covenant analysis 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.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- WIRELESS RONIN TECHNOLOGIES, INC By _____________________________________ Xxxxx X. XxXxxxxxx, Chief Financial Officer BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status:Yes No
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Samples: Loan and Security Agreement (Wireless Ronin Technologies Inc)
Financial Covenants Required Actual Complies. Maintain at all times times: Adjusted Quick Ratio (certified monthly): Commencing with the month ending March 31, 2014 and on the last day of each month thereafter, a Tangible Net Worth of at least $150,000, which amount shall be increased, commencing with the quarter ending March 31, 2014 and each quarter thereafter, by the sum of (yall times; tested quarterly) 50% of Borrower’s quarterly Net Income (without reduction for any losses) for such quarter, plus (z) 50% of all proceeds received from the issuance of equity during such quarter and/or the principal amount of all Subordinated Debt incurred during such quarter. $150,000 $> 1.35 : 1.0 ______ : 1.0 Yes No Adjusted EBITDA (trailing 12-month; tested quarterly) (only tested for periods in which Adjusted Quick Ratio is less than 2.50:1.0) > _______* $________ Yes No N/A * As set forth in Section 6.7(b). The following financial covenant analysis 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.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- WIRELESS RONIN TECHNOLOGIES, INC By _____________________________________ Xxxxx X. XxXxxxxxx, Chief Financial Officer -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- APPIAN CORPORATION By: Name: Title: BANK USE ONLY Received by: _____________________ authorized signer AUTHORIZED SIGNER Date: _________________________ Verified: ________________________ authorized signer AUTHORIZED SIGNER Date: _________________________ Compliance Status:: Yes NoNo Confidential and Proprietary CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED [***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
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Financial Covenants Required Actual Complies. Maintain at all times (certified monthly): Commencing with the month ending March 31, 2014 and on the last day of each month thereafter, a Tangible Net Worth of at least Minimum Consolidated Cash $150,000, which amount shall be increased, commencing with the quarter ending March 31, 2014 and each quarter thereafter, by the sum of (y) 50% of Borrower’s quarterly Net Income (without reduction for any losses) for such quarter, plus (z) 50% of all proceeds received from the issuance of equity during such quarter and/or the principal amount of all Subordinated Debt incurred during such quarter. $150,000 5,000,000 $__________ Yes No The following financial covenant analysis 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: N/A Minimum Adjusted Quick Ratio (If no exceptions exist, state “No exceptions to note.”tested quarterly) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- WIRELESS RONIN TECHNOLOGIES, INC By 1.20:1:00 _____:1.00 Yes No N/A 4 Quarter Minimum EBITDA (tested quarterly) $___________ $__________ Yes No N/A Total Leverage Ratio as of _________, 201_: _________: 1.00. Please Enter Below Comments Regarding Violations: The Officer further acknowledges that at any time Borrower is not in compliance with all the terms set forth in the Agreement, including, without limitation, the financial covenants, no credit extensions will be made. Very truly yours, XXXXXXX TECHNOLOGIES, INC. Authorized Signer Name: _____________________________ Title: ________________________________ Xxxxx X. XxXxxxxxx, Chief Financial Officer BANK USE ONLY Received by: WEST\258936541.7 EXHIBIT F DISBURSEMENT LETTER [_________] The undersigned, being the duly elected and acting of Xxxxxxx Technologies, Inc., a Delaware corporation (“Borrower”), does hereby certify to East West Bank (“Bank”), in connection with the Loan and Security Agreement, dated as of July ____________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status, 2015, by and among Borrower and Bank (as modified, amended and/or restated from time to time, the “Loan Agreement”; with other capitalized terms used below having the meanings ascribed thereto in the Loan Agreement) that:Yes No
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Samples: Loan and Security Agreement (Maxwell Technologies Inc)
Financial Covenants Required Actual Complies. Maintain at all times as indicated Liquidity Ratio (certified monthly): Commencing with monthly or quarterly) (subject to Section 6.9(a)) 1.35:1.00 :1.00 Yes/No/NA Borrower is party to, or bound by, the month ending March 31, 2014 and on following material Restricted Licenses that were not previously noted in the last day of each month thereafter, Perfection Certificate or a Tangible Net Worth of at least $150,000, which amount shall be increased, commencing with the quarter ending March 31, 2014 and each quarter thereafter, by the sum of (y) 50% of Borrower’s quarterly Net Income (without reduction for any losses) for such quarter, plus (z) 50% of all proceeds received from the issuance of equity during such quarter and/or the principal amount of all Subordinated Debt incurred during such quarter. $150,000 $prior Compliance Certificate: _________________________________________________________________________ Yes No The following financial covenant analysis 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.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- WIRELESS RONIN TECHNOLOGIES------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ The statements contained in this Certificate are made solely to my knowledge as an officer of the Borrower and are not made in any personal capacity and are not intended to impose personal liability on me. ATRICURE, INC By _____________________________________ Xxxxx X. XxXxxxxxxINC.ATRICURE, Chief Financial Officer LLC By: Name: Title: BANK USE ONLY Received by: _____________________ authorized signer Date_AUTHORIZED SIGNERDate: _________________________ Verified: ________________________ authorized signer Date_AUTHORIZED SIGNERDate: _________________________ Compliance Status:: Yes No
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