Measure of Compliance. Borrower’s satisfaction of the Interest Coverage Test shall be measured on a quarterly basis, based on the financial statements delivered to Agent pursuant to Section 6.1(a) or (b). A failure to satisfy the Interest Coverage Test alone shall not constitute a Default or Unmatured Default.
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Samples: Credit Agreement (Ryland Group Inc), Credit Agreement (Ryland Group Inc)
Measure of Compliance. Borrower’s satisfaction of the Minimum Interest Coverage Test shall be measured on a quarterly basis, based on the financial statements Financial Statements and Compliance Certificate delivered to Administrative Agent pursuant to Section 6.1(a8.3(a) or and (b). A failure to satisfy the Minimum Interest Coverage Test alone shall not be deemed a breach of any Loan Document nor constitute a Potential Default or Unmatured an Event of Default.
Appears in 1 contract
Samples: Credit Agreement (Centex Corp)
Measure of Compliance. Borrower’s satisfaction of the Interest Coverage Test shall be measured on a quarterly basis, based on the financial statements delivered to Administrative Agent pursuant to Section 6.1(a) or (b)5.1. A failure to satisfy the Interest Coverage Test alone shall not constitute a Default or Unmatured an Event of Default.
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