Common use of New Covenants Clause in Contracts

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.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

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New Covenants. On or before November 30March 31, 20032000, the Borrower and the Lender shall agree on new covenant levels for Sections 6.166.12, 6.176.13, 6.18 6.14, and 7.10 6.15 for periods after such date. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Fourth Shift Corp)

New Covenants. On or before November 30January 31, 20031998, the The Borrower and the Lender shall agree on new covenant levels for Sections 6.166.12, 6.176.13, 6.18 6.14, 6.15 and 7.10 for periods after such date. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Medical Graphics Corp /Mn/)

New Covenants. On or before November 30, 20031998, the Borrower and the Lender shall agree on new covenant levels for Sections 6.166.12, 6.17, 6.18 6.13 and 7.10 7.11 for periods after such date. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Micro Component Technology Inc)

New Covenants. On or before November 30August 31, 20032000, the Borrower and the Lender shall agree on new covenant levels for Sections 6.16, 6.17, 6.18 and 7.10 Section 6.7 for periods after such date. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Xata Corp /Mn/)

New Covenants. On or before November 30October 15, 20032000, the Borrower and the Lender shall agree on new covenant levels for Sections 6.166.12, 6.17, 6.18 6.13 and 7.10 for periods after such dateJune 30, 2000. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Lectec Corp /Mn/)

New Covenants. On or before November 30December 31, 20032000, the Borrower and the Lender shall agree on new covenant levels for Sections 6.166.12, 6.176.13, 6.18 7.4(a)(v), and 7.10 for periods after such date. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set no less stringent than the present levels. An Event of Default shall occur if the new covenants are not agreed to by the Lender in accordance with past practicesabove date.

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

New Covenants. On or before November 30February 28, 20031998, the Borrower and the Lender shall agree on new covenant levels for Sections 6.166.13, 6.176.14, 6.18 6.15, 7.10 and 7.10 7.11 for periods after such dateApril 1998. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Ultra Pac Inc)

New Covenants. On or before November 30, 2003March 31 of each year, the Borrower and the Lender shall agree on new covenant levels for Sections 6.166.12, 6.176.14, 6.18 6.15 and 7.10 for periods after such date. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Medical Graphics Corp /Mn/)

New Covenants. On or before November 30July 31, 20032000, the The Borrower and the Lender shall agree on new covenant levels for Sections 6.166.13, 6.17, 6.18 6.14 and 7.10 for periods after such date. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Lectec Corp /Mn/)

New Covenants. On or before November 30December 31, 20032000, the Borrower Borrowers and the Lender shall agree on new covenant levels for Sections 6.166.12, 6.176.13, 6.18 6.14 and 7.10 7.11 for periods after such date. The new covenant levels will be based on Borrower’s the Borrowers' projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Leather Factory Inc)

New Covenants. On or before November 30, 2003January 31 of each year, the Borrower Borrowers and the Lender shall agree on new covenant levels for Sections 6.166.12, 6.176.13, 6.18 6.14, 6.15 and 7.10 7.11 for periods after such date. The new covenant levels will be based on Borrower’s the Borrowers' projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Luminant Worldwide Corp)

New Covenants. On or before November 30March 31, 2003, the Borrower and the Lender shall agree on set new covenant levels for Sections 6.166.13, 6.17, 6.18 6.14 and 7.10 6.15 for periods after such date. The new covenant levels will be based on the Borrower’s 's projections for such periods received by Lender pursuant to Section 6.1(e) and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels."

Appears in 1 contract

Samples: Credit and Security Agreement (Spectrum Organic Products Inc)

New Covenants. On or before November June 30, 20032002, the Borrower and the Lender shall agree on set new covenant levels for Sections 6.166.13, 6.17, 6.18 6.14 and 7.10 6,15 for periods after such date. The new covenant levels will be based on Borrower’s the Borrow's projections for such periods received by Lender pursuant to Section 6.1(e) and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels."

Appears in 1 contract

Samples: Credit and Security Agreement (Spectrum Organic Products Inc)

New Covenants. On or before November June 30, 20032002, the Borrower and the Lender shall agree on new covenant levels for Sections 6.16Section 6.12, 6.17Section 6.13, 6.18 Section 6.14 and Section 7.10 for periods after such date. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set 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 Lender in accordance with past practicesBorrower to maintain the designated amounts shall constitute an Event of Default."

Appears in 1 contract

Samples: Credit and Security Agreement (Vari L Co Inc)

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New Covenants. On or before November 30March 29, 20031997, the Borrower and the Lender shall agree on set new covenant levels for Sections 6.166.12, 6.176.13, 6.18 and 7.10 for periods after such date. The new covenant levels will be date based on the Borrower’s 's projections for such periods and will be set by the Lender in accordance with past practicesperiods.

Appears in 1 contract

Samples: Credit and Security Agreement (Marquest Medical Products Inc)

New Covenants. On or before November 30May 31, 20032000, the Borrower and the Lender shall agree on new covenant levels for Sections 6.166.12, 6.176.13, 6.18 6.15 and 7.10 7.11 for periods after such date. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels."

Appears in 1 contract

Samples: Credit and Security Agreement (Micro Component Technology Inc)

New Covenants. On or before November 30October 31, 20032001, the Borrower and the Lender shall agree on new covenant levels for Sections 6.166.13, 6.17, 6.18 6.14 and 7.10 for periods after such dateNovember 30, 2001. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels."

Appears in 1 contract

Samples: Credit and Security Agreement (Naco Industries Inc)

New Covenants. On or before November 30July 31, 20032000, the Borrower and the Lender shall agree on new mutually acceptable covenant levels for Sections 6.16, 6.17, 6.18 6.13 and 7.10 6.14 for periods after such date. The new covenant levels will be based on Borrower’s projections for at such periods a level as to require the Borrower to maintain sufficient cash flow to service its Debt and will be set by the Lender in accordance with past practicescapital expenditures.

Appears in 1 contract

Samples: Credit and Security Agreement (First Team Sports Inc)

New Covenants. On or before November 30December 31, 20031999, the Borrower and the Lender shall agree on new covenant levels for Sections 6.16, 6.17, 6.18 6.12 and 7.10 6.13 for periods after such date. The new covenant levels will covenants shall be based on Borrower’s projections for such periods received by Lender pursuant to Section 6.1(d) and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Educational Insights Inc)

New Covenants. On or before November April 30, 20031999, the Borrower and the Lender shall agree on new covenant levels for Sections 6.166.13, 6.176.14, 6.18 and 7.10 for periods after such dateDecember 31, 1998. The new covenant levels will be based on the Borrower’s 's projections for such periods and will shall be set by no less stringent than the Lender in accordance with past practicespresent levels.

Appears in 1 contract

Samples: Credit and Security Agreement (Meteor Industries Inc)

New Covenants. On or before November 30, 2003, the Borrower and the Lender shall agree on new covenant levels for Sections 6.15, 6.16, 6.17, 6.18 6.17 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.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

New Covenants. On or before November 30, 20032004, 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.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

New Covenants. On or before November 30, 20032004, the Borrower and the Lender shall agree on new covenant levels for Sections 6.15, 6.16, 6.17, 6.18 6.17 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.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

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