Lessee's Financial Covenants. Until the termination of this Agreement and the satisfaction in full by Lessee of all Lessee Obligations, Lessee will comply, and will cause compliance, with the following financial covenants, unless Lessor and Required Participants shall otherwise consent in writing:
Lessee's Financial Covenants. Lessee shall not make any distributions to its members, except in the amount necessary for such members or their direct or indirect owners to pay their respective federal, state and local income taxes to the extent such taxes are allocable to Lessee's taxable income and reportable as such on such members' tax returns, until such time as Lessee has fully complied with the terms and provisions of Section 8.
Lessee's Financial Covenants. Until the termination of this Agreement and the satisfaction in full by Lessee of all Lessee Obligations, Lessee will comply, and will cause compliance, with the following financial covenants, unless Lessor and Required Participants shall otherwise consent in writing:
(a) Funded Indebtedness/Capital Ratio. Lessee shall not permit its Funded Indebtedness/Capital Ratio on any day set forth below to be greater than the ratio set forth opposite such day below: The last day of any fiscal quarter 0.40 to 1.00.
Lessee's Financial Covenants. Lessee hereby covenants with Lessor as follows: On a continuing basis, from the date of the Master Lease until the date on which Lessee's obligations thereunder are fully paid and performed, Lessee hereby covenants and agrees that:
Lessee's Financial Covenants. For purposes of this Exhibit C, all initially capitalized terms that are not otherwise defined herein shall have the meanings set forth in the Master Indenture, provided that any such definitions therein pertaining to the financial or operational performance of the Lessor (defined therein as a “Member”) shall be construed when used herein to refer to the financial or operational performance of Lessee. For clarity, the financial covenants set forth below shall be applied pursuant and subject to the provisions below. With respect to any retention of an Independent Consultant hereunder, Lessee hereby covenants that Xxxxxx shall comply with and shall be bound by the selection procedures set forth in the Bond Documents.
Lessee's Financial Covenants. For purposes of this Section 3, all initially capitalized terms that are not otherwise defined herein shall have the meanings set forth in the Master Indenture, provided that, for purposes of subsections 3.1 through 3.9 below (including all subsections thereto) all references to “Lessee” shall be deemed references to CNCA and further provided that any such definitions therein pertaining to the financial or operational performance of the Lessor (defined therein as a “Member”) shall be construed when used herein to refer to the financial or operational performance of CNCA. For clarity, the financial covenants set forth below shall be applied pursuant and subject to the provisions below. With respect to any retention of an Independent Consultant hereunder, Lessee hereby covenants that Lessee shall cause CNCA to comply with and shall be bound by the selection procedures set forth in the Bond Documents. Lessee shall cause CNCA to comply with the following covenants:
Lessee's Financial Covenants. Lessee hereby covenants with Lessor as follows:
Lessee's Financial Covenants. Lessee shall not mortgage, pledge, hypothecate, assign, encumber, or grant a preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever in the legal or beneficial ownership (including without limitation, the right to
Lessee's Financial Covenants. Lessee shall not pay any dividends to its shareholders, except in the amount necessary for such shareholders to pay their respective federal, state and local income taxes to the extent such taxes are allocable to Lessee's taxable income and reportable as such on such shareholders' tax returns, until such time as Lessee has fully complied with the terms and provisions of the "Alignment of Interests Agreement" dated , (the "Alignment of Interests Agreement"). Lessee shall not incur any indebtedness (other than ordinary trade payables) unless required (i) to pay rent, (ii) to maintain and repair the Leased Property in accordance with Article IX, or (iii) to make Alterations in accordance with Article X, provided that Lessee shall thereafter retire such indebtedness prior to making any dividend payments to its shareholders except to the extent needed to pay federal, state or local income tax on their respective shares of Lessee's taxable income.
Lessee's Financial Covenants. Until the termination of this Agreement and the satisfaction in full by Lessee of all Lessee Obligations, Lessee will comply, and will cause compliance, with the following financial covenants, unless Lessor and Required Participants shall otherwise consent in writing:
(a) Funded Indebtedness/Capital Ratio. Lessee shall not permit its Funded Indebtedness/Capital Ratio on any day set forth below to be greater than the ratio set forth opposite such day below: June 30, 1997; September 30, 1997 0.55 to 1.00; December 31, 1997; March 31, 1998; June 30, 1998 0.50 to 1.00; September 30, 1998; December 31, 1998 March 31, 1999 June 30, 1999 0.45 to 1.00; The last day of each fiscal quarter thereafter 0.40 to 1.00.
