Common use of Financial testing Clause in Contracts

Financial testing. The financial covenants set out in Clause 21.2 (Financial condition) shall be tested semi-annually by reference to the Company’s consolidated financial statements delivered pursuant to Clause 20.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 20.2 (Compliance Certificate).

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

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Financial testing. The financial covenants set out in Clause 21.2 22.2 (Financial condition) shall be tested semi-annually for each Calculation Period ending on each Calculation Day by reference to each of the Company’s consolidated relevant financial statements delivered pursuant to Clause 20.1 (Financial statements) and/or each the relevant Compliance Certificate delivered pursuant to Clause 20.2 21.2 (Compliance Certificate).

Appears in 1 contract

Samples: Facility Agreement (Central European Distribution Corp)

Financial testing. The financial covenants set out in Clause 21.2 (Financial condition) shall be tested semi-annually by reference to each of the CompanyBorrower’s consolidated financial statements delivered pursuant to and/or each Compliance Certificate delivered with respect to any such consolidated financial statements pursuant to Clause 20.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to and Clause 20.2 (Compliance Certificate).

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

Financial testing. The financial covenants set out in Clause 21.2 23.2 (Financial condition) shall be tested semi-annually by reference to the CompanyParent’s consolidated financial statements delivered pursuant to Clause 20.1 22.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 20.2 22.2 (Compliance Certificate).

Appears in 1 contract

Samples: Financing Agreement (Cemex Sab De Cv)

Financial testing. The financial covenants set out in Clause 21.2 22.2 (Financial condition) shall be tested semi-annually quarterly by reference to each of the Company’s 's consolidated financial statements delivered pursuant to Clause 20.1 (Financial statements) and/or each Compliance Certificate delivered with respect to any such consolidated financial statements pursuant to Clause 20.2 21.1 (Financial statements) and Clause 21.2 (Compliance Certificate).

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sa De Cv)

Financial testing. The financial covenants set out in Clause 21.2 23.2 (Financial condition) shall be tested semi-annually by reference to the Company’s Parent's consolidated financial statements delivered pursuant to Clause 20.1 22.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 20.2 22.2 (Compliance Certificate).

Appears in 1 contract

Samples: Financing Agreement (Cemex Sab De Cv)

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Financial testing. The financial covenants set out in Clause 21.2 19.1 (Financial conditionCondition) shall be tested semi-annually quarterly by reference to the Company’s Group's consolidated annual and quarterly financial statements and the annual and quarterly Compliance Certificates delivered pursuant to Clause 20.1 18.2 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 20.2 (Provisions and contents of Compliance Certificate)) in respect of such Accounting Period.

Appears in 1 contract

Samples: Rollover Loan Agreement (Freeseas Inc.)

Financial testing. The financial covenants set out in Clause 21.2 22.2 (Financial condition) shall be tested semi-annually by reference to the Company’s 's consolidated financial statements delivered pursuant to Clause 20.1 21.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 20.2 21.2 (Compliance Certificate).

Appears in 1 contract

Samples: Acquisition Facilities Agreement (Cemex Sa De Cv)

Financial testing. The financial covenants set out in Clause 21.2 23.2 (Financial condition) shall be tested semi-annually quarterly by reference to each of the Company’s consolidated financial statements delivered pursuant to Clause 20.1 (Combined Financial statements) Statements of the Group and/or each Compliance Certificate delivered pursuant to Clause 20.2 22.2 (Compliance Certificate).

Appears in 1 contract

Samples: Secured Facilities Agreement (Solutia Inc)

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