Guarantor Financial Covenants. Guarantors shall at all times comply with the Guarantor Financial Covenants in accordance with Section 8.18 of the Loan Agreement.
Guarantor Financial Covenants. On the Closing Date, Guarantor is in compliance with each Guarantor Financial Covenant set forth in the Guaranty Agreement.
Guarantor Financial Covenants. The failure by Guarantor to be in compliance with any Financial Covenant.
Guarantor Financial Covenants. Either (i) the Guarantor shall at any time fail to comply with the financial covenants set forth in Section 9.17(a) or (ii) the Guarantor shall at any time fail to comply with the financial covenants set forth in Section 9.17(b) and, in connection with the resultant Sweep Guaranty Termination Event, Borrower fails to comply with its obligations set forth in Section 8.5(c) of this Agreement; or
Guarantor Financial Covenants. Borrower shall cause Guarantor to meet the financial covenants set forth on Schedule 8.18 attached hereto (each, a “Guarantor Financial Covenant”) as determined by Administrative Agent. If Guarantor fails to meet any Guarantor Financial Covenant, within sixty (60) days after written demand by Administrative Agent, Guarantor shall either (a) acquire such Net Worth or Liquid Assets as may be necessary to enable the Guarantor to meet or exceed such failed Guarantor Financial Covenant or (b) provide Administrative Agent with a substitute guarantor approved by Administrative Agent in its sole and absolute discretion, and a failure to do either (a) or (b) shall, at Administrative Agent’s election, shall constitute an immediate Event of Default.
Guarantor Financial Covenants. (a) Maintain a minimum quarterly Liquidity equal to at least $4,000,000 for Capital Senior Living Corporation; and (b) maintain a minimum quarterly EBITDA of $15,000,000, calculated on a rolling twelve (12) month basis, for Capital Senior Living Corporation.
Guarantor Financial Covenants. At all times during which any portion of the Loan is outstanding, Guarantors shall collectively maintain (i) Net Worth of at least $10,000,000, and (ii) Liquid Assets of at least $250,000, until June 30, 2013, $500,000 from July 1, 2013 until December 31, 2013 and $1,000,000 thereafter. Liquid Assets and Net Worth shall be tested as of the end of each calendar quarter.
Guarantor Financial Covenants. Borrower shall cause Guarantor to maintain at all times Tangible Net Worth of not less than the Minimum Tangible Net Worth Amount.
Guarantor Financial Covenants. Guarantor fails to satisfy the Guarantor Financial Covenants; or
Guarantor Financial Covenants. Guarantor shall maintain at all times (i) Net Worth of not less than Guarantor’s Minimum Net Worth and (ii) Liquid Assets of not less than Guarantor’s Minimum Liquid Assets.
