Incurrence Covenant Sample Clauses
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Incurrence Covenant. A covenant by any borrower to comply with one or more financial covenants only upon the occurrence of certain actions of the borrower, including a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture.
Incurrence Covenant. The Company covenants and agrees that, so long as any Shares remain outstanding, the ratio of EBITDA to Fixed Charges in each calendar quarter shall be greater than 1.75 to 1.0. The Company will provide each Purchaser with a certificate of its Chief Financial Officer certifying the Company's compliance with this Section 5.08 within thirty (30) days after each calendar quarter. For the purpose of this Agreement: