FINANCIAL RESTRICTIONS. The Borrower shall, on and after the Execution Date, and until this Agreement is terminated and the Borrower completes the performance of all of its obligations under this Agreement to each Lender B and the Agent, affirmatively covenant to comply with the following matters:
FINANCIAL RESTRICTIONS. On and after the date hereof, until all of the Bank Obligations shall have been paid in full and the Banks shall have no commitments to lend hereunder, the Loan Parties shall observe the following covenants:
FINANCIAL RESTRICTIONS. 34 Section 7.1. Consolidated Tangible Net Worth.........................................................34 Section 7.2. Cash Flow Coverage Ratio................................................................34 Section 7.3. Ratio of Consolidated Liabilities to Consolidated Tangible Net Worth....................35 Section 7.4. Profitability...........................................................................35 Section 7.5. Operating Cash Flow.....................................................................35 Section 7.6. Capital Expenditures....................................................................36 Section 7.7. Consolidated Leverage Ratio.............................................................36 Section 7.8. Consolidated Adjusted EBITDA............................................................36 ARTICLE 8.
FINANCIAL RESTRICTIONS. A Partner may withdraw from the Partnership, and a Notice of Withdrawal will be considered effective for purpose of triggering a Withdrawal under this Section 11.2, only if, as of the close of business on the last day of the calendar quarter immediately preceding the calendar quarter in which the Withdrawal is to be effective as specified in the Notice of Withdrawal, the principal amount of the Partnership’s Long-Term Debt is no greater than 6 times (i.e., 600% of) the aggregate amount of the Partnership’s Operating Cash Flow for the four calendar quarters immediately preceding the calendar quarter in which the Notice of Withdrawal is to be effective [Long-Term Debts £ (6 x Operating Cash Flow for the four preceding calendar quarters)].
FINANCIAL RESTRICTIONS. On and after the date hereof, until all of the Lender Obligations shall have been paid in full, the Borrower shall cause Borrower and its Subsidiaries to observe the following covenants:
FINANCIAL RESTRICTIONS. The parties agree that the payment of any fringe benefit, except for salaries, hospitalization, prescription, dental, sick leave, bereavement leave, personal days and vacation will be paid only if sufficient funding is available, at the discretion of the Director, upon approval of the Ocean County
FINANCIAL RESTRICTIONS. (a) The Borrower shall ensure that the amount of net assets on the non-consolidated balance sheet of the Borrower as of the end of each fiscal year of the Borrower shall be at least 75% of the amount of net assets on the non-consolidated balance sheet of the Borrower as of the end of the fiscal year immediately preceding such fiscal year, respectively. The first fiscal year subject to compliance with this (a) shall be the fiscal year ending March 2023.
FINANCIAL RESTRICTIONS. ..34 Section 7.01 Maximum Total Leverage Ratio............................34 Section 7.02 Total Fixed Charge Coverage Ratio.......................34
FINANCIAL RESTRICTIONS. 47 Section 7.1. Consolidated Fixed Charge Coverage Ratio.......................................47 Section 7.2 Minimum Net Worth..............................................................47
FINANCIAL RESTRICTIONS. 49 Section 7.1. CONSOLIDATED LEVERAGE RATIO..............................49 Section 7.2. CONSOLIDATED NET WORTH...................................49 Section 7.3. CONSOLIDATED CASH FLOW COVERAGE RATIO....................49 Section 7.4. CONSOLIDATED CAPITAL EXPENDITURES........................49 Section 7.5. CONSOLIDATED OPERATING LEASE EXPENSE.....................50 Section 7.6. CONSOLIDATED EBITDA......................................50 (ii) Section 7.7. OPERATING CASH FLOW......................................50
