Common use of New Covenants Clause in Contracts

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.

Appears in 1 contract

Samples: Credit and Security Agreement (Kitty Hawk Inc)

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New Covenants. On or before 30 days prior to the end of each fiscal year ending December 31, 2006of the Borrower, the Borrower and the Lender shall agree on new covenant levels for Section 6.2 Sections 6.13, 6.14, 6.15, 6.16, 6.18 and 7.11 for periods after the fiscal year ending December 31, 2006such date. The new covenant levels will be based on the Borrower’s 's projections for such periodsperiods 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 30 Within 60 days prior to the after each fiscal year ending December 31, 2006end of the Borrower, the Borrower and the Lender Required Banks shall agree on new covenant levels for Section 6.2 Sections 6.18 through 6.21 for periods after the such fiscal year ending December 31, 2006end. The new covenant levels will be based on the Borrower’s 's projections for such periodsperiods 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 30 days prior to the end of each fiscal year ending December 31, 2006of the Borrower, the Borrower and the Lender shall agree on new covenant levels for Section 6.2 Sections 6.13, 6.15 and 7.11 for periods after the fiscal year ending December 31, 2006such date. The new covenant levels will be based on the Borrower’s 's projections for such periodsperiods 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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