Financial testing. The financial covenants set out in this Clause 24 (Financial Covenants) shall be calculated in accordance with IFRS consistently applied and tested quarterly, by reference to each of the financial statements delivered pursuant to paragraphs (a) and (b) of Clause 23.1 (Financial Statements) and/or each Compliance Certificate delivered pursuant to Clause 23.3 (Provision and contents of Compliance Certificate) and/or, in respect of the Liquidity of each Borrower, by reference to the balance credited on the applicable Operating Accounts.
Appears in 2 contracts
Samples: Senior Secured Term Loan Facility Agreement (Flex LNG Ltd.), Senior Secured Term Loan Facility Agreement (Flex LNG Ltd.)
Financial testing. The financial covenants set out in this Clause 24 clause 22.1 (Financial Covenantscovenants) shall be calculated in accordance with IFRS consistently applied and tested quarterly, by reference to each of the financial statements delivered pursuant to paragraphs (a) and (b) of Clause 23.1 clause 21.1 (Financial Statementsstatements) and/or such other information required in relation to certain of the components of the financial covenants where required and/or each Compliance Certificate delivered pursuant to Clause 23.3 clause 21.2 (Provision and contents of Compliance Certificate) and/or, in respect of the Liquidity of each Borrower, by reference to the balance credited on the applicable Operating Accounts).
Appears in 2 contracts
Samples: Revolving Credit Facility Agreement (Harmony Gold Mining Co LTD), Term and Revolving Credit Facilities Agreement (Harmony Gold Mining Co LTD)
Financial testing. The financial covenants set out in this Clause 24 20.2 (Financial Covenantscondition) shall be calculated in accordance with IFRS consistently applied and tested quarterly, by reference to each of the financial statements of the Group delivered pursuant to paragraphs (a) and (b) of Clause 23.1 19.1 (Financial Statementsstatements) and/or each Compliance Certificate delivered pursuant to Clause 23.3 19.2 (Provision and contents of Compliance Certificate) and/or, in respect of the Liquidity of each Borrower, by reference to the balance credited on the applicable Operating Accounts).
Appears in 1 contract
Financial testing. The financial covenants set out in this Clause 24 20.1 (Financial Covenantscondition) shall be calculated in accordance with IFRS consistently applied and tested quarterlyon each Measurement Date, by reference to each of the financial statements and management accounts delivered pursuant to paragraphs Clause 19.1 (aFinancial statements) and (b) of Clause 23.1 (Financial Statements) and/or each Compliance Certificate delivered pursuant to Clause 23.3 19.2 (Provision and contents of Compliance Certificate) and/or, in respect of the Liquidity of each Borrower, by reference to the balance credited on the applicable Operating Accounts).
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Lesaka Technologies Inc)
Financial testing. The financial covenants set out in this Clause 24 clause 20.2 (Financial Covenantscondition) shall be calculated in accordance with IFRS consistently applied and tested quarterly, by reference to each of the financial statements delivered pursuant to paragraphs (a) and (b) of Clause 23.1 (Financial Statements) and/or each DSCR Compliance Certificate delivered pursuant to Clause 23.3 clause 19.4 (Provision and contents of DSCR Compliance Certificate) and/or, in respect of the Liquidity of each Borrower, by reference to the balance credited on the applicable Operating Accounts).
Appears in 1 contract
