Financial Maintenance Covenant. Parent shall ensure that the financial condition of the Group shall be such that for each Relevant Period, the aggregate amount of cash and cash equivalents (as defined under IFRS) on the relevant Quarter Date must be no less than $185,000,000 (or its equivalent in other currencies) as at each Quarter Date. The covenant set out in this Section 4.06 shall be tested only by reference to, and as at the date of, each of the financial statements and/or each Officers’ Certificate delivered pursuant to Section 4.03(a) or 4.04, respectively.
Appears in 4 contracts
Samples: Indenture (CGG), Indenture (CGG Marine B.V.), Indenture (CGG Marine B.V.)
