Financial testing. The financial covenants set out in this Clause 24 shall be calculated in accordance with Accounting Principles and tested by reference to the latest financial statements (whether audited or unaudited) and each Compliance Certificate, and presented to the Agent in form and substance satisfactory.
Appears in 7 contracts
Samples: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement
Financial testing. The financial covenants set out in this Clause 24 21 (Financial Covenants) shall be calculated in accordance with Accounting Principles GAAP and tested by reference to each of the latest financial statements of the Guarantor and the Compliance Certificate delivered under paragraph (whether audited or unauditedc) and each Compliance Certificate, and presented to the Agent in form and substance satisfactoryof Clause 20.1 (Financial statements).
Appears in 4 contracts
Samples: Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.)
Financial testing. The financial covenants covenant set out in this Clause 24 24.1 (Financial Covenant) shall be calculated in accordance with the Accounting Principles and tested by reference to each of the latest financial statements delivered pursuant to Clause 23.2 (whether audited or unaudited) Provision and each contents of Compliance Certificate, and presented to the Agent in form and substance satisfactory).
Appears in 2 contracts
Samples: Permanent Facility Agreement (Groupe Eurotunnel SA), Permanent Facility Agreement (Groupe Eurotunnel SA)
Financial testing. The financial covenants set out in this Clause 24 clause 22 shall be calculated in accordance with Accounting Principles and tested by reference to the latest financial statements (whether audited or unaudited) and each Compliance Certificate, and presented to the Agent in satisfactory form and substance satisfactorysubstance.
Appears in 2 contracts
Samples: Secured Credit Facility Agreement, Secured Credit Facility Agreement (Seadrill Partners LLC)
Financial testing. The financial covenants set out in this Clause 24 22 shall be calculated in accordance with Accounting Principles and tested by reference to the latest financial statements (whether audited or unaudited) and each Compliance Certificate, and presented to the Agent in satisfactory form and substance satisfactorysubstance.
Appears in 2 contracts
Samples: China Eca Facility Framework Agreement (Seadrill Partners LLC), Senior Secured Credit Facility Agreement (Seadrill Partners LLC)
Financial testing. The financial covenants set out in this Clause 24 22 shall be calculated in accordance with Accounting Principles and tested by reference to each of the latest annual audited or quarterly financial statements and/or each officer’s certificate delivered pursuant to Clause 21.3 (whether audited or unaudited) and each Compliance Certificate, and presented to the Agent in form and substance satisfactoryOfficer’s Certificates).
Appears in 2 contracts
Samples: Amendment and Restatement Agreement (Validus Holdings LTD), Amendment and Restatement Agreement (Validus Holdings LTD)
Financial testing. The financial covenants set out in this Clause 24 24.2 shall be calculated in accordance with the Accounting Principles and tested by reference to each of the latest consolidated financial statements of the Company delivered pursuant to paragraph (whether audited or unauditeda) and of Clause 23.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 23.2 (Provision and contents of Compliance Certificate, and presented to the Agent in form and substance satisfactory).
Appears in 2 contracts
Samples: Letter of Credit Facility Agreement (Flowserve Corp), Letter of Credit Facility Agreement (Flowserve Corp)
Financial testing. The financial covenants set out in this Clause 24 23 shall be calculated in accordance with Accounting Principles and tested by reference to Compliance Certificates evidencing satisfaction of the latest financial statements (whether audited or unaudited) and each Compliance Certificate, and presented covenants shall be delivered to the Agent in form and substance satisfactorypursuant to Clause 21.2(b).
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (Ocean Rig UDW Inc.)
Financial testing. The financial Financial covenants set out in this Clause 24 22 shall be calculated in accordance with Accounting Principles and tested by reference to the latest financial statements (whether audited or unaudited) and each Compliance Certificate, and presented to the Agent in form and substance satisfactory.
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (Ocean Rig UDW Inc.)
Financial testing. The financial covenants set out in this Clause 24 21 (Financial covenants) shall be calculated in accordance with Accounting Principles and tested by reference to the latest financial statements (whether audited or unaudited) most recent Financial Statements and valuations delivered in accordance with this Clause 21.8 and/or each Compliance Certificate delivered pursuant to Clause 20.2 (Compliance Certificate, and presented to the Agent in form and substance satisfactory).
Appears in 1 contract
Samples: Facility Agreement (Danaos Corp)
Financial testing. The financial covenants set out in this Clause 24 22 shall be calculated in accordance with Accounting Principles and tested by reference to each of the latest annual audited or quarterly financial statements and/or each Officer's Certificate delivered pursuant to Clause 21.3 (whether audited or unaudited) and each Compliance Certificate, and presented to the Agent in form and substance satisfactoryOfficer's Certificates).
Appears in 1 contract
Samples: Amendment and Restatement Agreement (Validus Holdings LTD)
Financial testing. The financial covenants set out in this Clause 24 26.2 (Financial Condition) shall be calculated and the covenants will otherwise be tested, in accordance with Accounting Principles the accounting principles employed in preparation of the Original Financial Statements or as otherwise agreed by the Company and tested by reference to the latest financial statements (whether audited or unaudited) and each Compliance Certificate, and presented to the Agent in form and substance satisfactoryAgent.
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (Endava PLC)
Financial testing. The financial covenants set out in this Clause 24 21 shall be calculated in accordance with Accounting Principles and tested by reference to each of the latest annual audited or quarterly financial statements and/or each officer's certificate delivered pursuant to Clause 20.3 (whether audited or unaudited) and each Compliance Certificate, and presented to the Agent in form and substance satisfactoryOfficer's Certificates).
Appears in 1 contract
Samples: Standby Letter of Credit Facility Agreement (Validus Holdings LTD)
Financial testing. The financial covenants Financial Covenants set out in this Clause 24 20 shall be calculated in accordance with the applicable Accounting Principles and tested by reference to the latest financial statements (whether audited or unaudited) delivered pursuant to Clause 19.2 (Financial statements) and each Compliance Certificate, and presented to the Agent in form and substance satisfactory.
Appears in 1 contract
