Common use of Financial Performance Covenants Clause in Contracts

Financial Performance Covenants. The Borrower's shall observe and comply with those financial performance covenants set forth in EXHIBIT 5.12, attached hereto. Compliance with such financial performance covenants shall be made as if no Material Accounting Changes had been made (other than any Material Accounting Changes specifically taken into account in the setting of such covenants). The Collateral Agent may determine the Borrowers' compliance with such covenants based upon financial reports and statements provided by the Lead Borrower to the Collateral Agent (whether or not such financial reports and statements are required to be furnished pursuant to this Agreement) as well as by reference to interim financial information provided to, or developed by, the Collateral Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mazel Stores Inc), Loan and Security Agreement (Mazel Stores Inc)

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Financial Performance Covenants. The Borrower's Borrowers shall observe and comply with those financial performance covenants set forth in EXHIBIT 5.12, attached heretobelow. Compliance with such financial performance covenants shall be made as if no Material Accounting Changes had been made (other than any Material Accounting Changes specifically taken into account in the setting of such covenants). The Collateral Agent may determine the Borrowers' compliance with such covenants based upon financial reports and statements provided by the Lead Borrower to the Collateral Agent (whether or not such financial reports and statements are required to be furnished pursuant to this Agreement) as well as by reference to interim financial information provided to, or developed by, the Collateral Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

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Financial Performance Covenants. The Borrower's Borrower shall observe and comply with those financial performance covenants set forth in on EXHIBIT 5.124-7, attached annexed hereto. Compliance with such financial performance covenants shall be made as if no Material Accounting Changes had been made (other than any Material Accounting Changes specifically taken into account in the setting of such covenants). The Collateral Agent Lender may determine the Borrowers' Borrower's compliance with such covenants based upon financial reports and statements provided by the Lead Borrower to the Collateral Agent Lender (whether or not such financial reports and statements are required to be furnished pursuant to this Agreement) as well as by reference to interim financial information provided to, or developed by, the Collateral AgentLender.

Appears in 1 contract

Samples: Loan Agreement (Ufp Technologies Inc)

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