New Covenants. On or before November 30, 2003, the Borrower and the Lender shall agree on new covenant levels for Sections 6.16, 6.17, 6.18 and 7.10 for periods after such date. The new covenant levels will be based on Borrower’s projections for such periods and will be set by the Lender in accordance with past practices.
New Covenants. On or before December 31, 2003, the Borrowers and the Lender shall agree on new covenant levels for Sections 6.12, 6.13, 6.14, 7.4(a)(v), and 7.10 for periods after such date. The new covenant levels will be based on (i) the Borrowers’ projections for such periods and (ii) the year to date financial results of Heska, on a consolidated basis, and such new covenant levels shall be no less stringent than the present levels. An Event of Default shall occur if the new covenants are not agreed to by the above date.”
New Covenants. On or before November 30, 2001, the Borrower and the Lender shall agree on new covenant levels for Sections 6.12, 6.13, 6.14 and 7.10 for periods after such date. The new covenant levels will be based on the Borrower’s projections for such periods and shall be no less stringent than the present levels, but if the Borrower and the Lender do not agree, the Lender may designate the required amounts in its sole discretion and the failure by the Borrower to maintain the designated amounts shall constitute an Event of Default. 26
New Covenants. Section 6.16 of the Credit Agreement is hereby amended to read in its entirety as follows:
New Covenants. Expected Results (a) Promptly responding to enquiries from landowners and others around new covenant possibilities. (b) Assessing the open space values, risks, benefits of potential sites for protection, and the landowner’s aspiration for the site and motivation for covenanting. (c) Submitting covenant proposals to the standards set by QEII policy and as agreed with QEII’s Land Protection Team staff. The number of proposals to be submitted annually will form part of the contract for services. (d) Maintaining contact with landowners of all approved covenants to ensure they progress towards registration on schedule. (e) Timely updating of relevant databases with comprehensive records of information related to new covenant proposals. (f) Ensuring all required reporting around new covenants is delivered on time.
New Covenants. On or before 30 days prior to the fiscal year ending December 31, 2006, the Borrower and the Lender shall agree on new covenant levels for Section 6.2 for periods after the fiscal year ending December 31, 2006. The new covenant levels will be based on the Borrower’s projections for such periods.
New Covenants. Section 6.14 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:
New Covenants. To the extent that any covenant is added as a covenant in the Sponsor Credit Agreement or any other Sponsor Financing Document after the date hereof, then this Agreement shall be deemed amended and such covenant shall be deemed to be incorporated as a new covenant hereunder. Any Event of Default resulting from the breach of any such new covenant by the Sponsor shall be subject to the same cure period as would be applicable under the relevant provision in the applicable Sponsor Financing Document.
New Covenants. Section 6.18 of the Credit Agreement is amended by replacing “December 1, 2001” with “December 31, 2002”.
New Covenants. The Company and Xxxxx Fargo shall agree on new financial covenants for Sections 5.2(a-c) by December 31, 2013, and by December 31 of each year thereafter. Xxxxx Fargo will propose new financial covenants within two (2) weeks of receipt of projections required pursuant to Section 5.1(d).
