Common use of New Covenants Clause in Contracts

New Covenants. On or before the end of each fiscal year of the Borrower, the Borrower and the Lender shall agree on new covenant levels for Sections 6.13, 6.15 and 7.11 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.

Appears in 1 contract

Samples: Credit and Security Agreement (Sportsmans Guide Inc)

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New Covenants. On or before 30 days prior to the end of each fiscal year of the Borrowerending December 31, 2006, the Borrower and the Lender shall agree on new covenant levels for Sections 6.13, 6.15 and 7.11 Section 6.2 for periods after such datethe fiscal year ending December 31, 2006. The new covenant levels will be based on the Borrower's ’s projections for such periods and shall be no less stringent than the present levelsperiods.

Appears in 1 contract

Samples: Credit and Security Agreement (Kitty Hawk Inc)

New Covenants. On or before the end of each fiscal year of the Borrower, the Borrower and the Lender shall agree on new covenant levels for Sections 6.13, 6.15 6.14, 6.15, 6.16, 6.18 and 7.11 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."

Appears in 1 contract

Samples: Credit and Security Agreement (Sportsmans Guide Inc)

New Covenants. On or before the end of Within 60 days after each fiscal year end of the Borrower, the Borrower and the Lender Required Banks shall agree on new covenant levels for Sections 6.13, 6.15 and 7.11 6.18 through 6.21 for periods after such datefiscal year end. 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.

Appears in 1 contract

Samples: Credit and Security Agreement (Sheldahl Inc)

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New Covenants. On or before the end of each fiscal year of the BorrowerOctober 31, 2001, the Borrower and the Lender shall agree on new covenant levels for Sections 6.13, 6.15 6.14 and 7.11 7.10 for periods after such dateNovember 30, 2001. 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." 5. Section 7.10 of the Credit Agreement is hereby amended to read in its entirety as follows:

Appears in 1 contract

Samples: Credit and Security Agreement (Naco Industries Inc)

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