Reporting Covenant. Required
Reporting Covenant. So long as any Guaranteed Obligations shall remain unsatisfied or any Lender shall have any Commitment, each Guarantor agrees that it shall furnish to the Administrative Agent such information respecting the operations, properties, business or condition (financial or otherwise) of such Guarantor or its Subsidiaries as the Administrative Agent, at the request of any Guaranteed Party, may from time to time reasonably request.
Reporting Covenant. Required Complies ------------------ -------- -------- Monthly financial statements Monthly within 30 days, quarterly, within 5 days of filing Yes No Annual (CPA Audited) FYE within 90 days Yes No 10Q and 10K Within 5 days after filing with the SEC Yes No A/R Agings Monthly within 30 days Yes No
Reporting Covenant. (a) Unless the Company has filed the financial statements referred to in (i) and (ii) below with the Commission in accordance with Section 1.11(b), the Company shall post on its public website:
(i) Within 110 days after the end of each fiscal year, the Company’s audited annual financial statements, together with the related report of the Company’s independent auditors thereon, prepared in accordance with the requirements that would be applicable to such audited annual financial statements if appearing in an annual report on Form 10-K filed by the Company as a non-accelerated filer (within the meaning of Rule 12b-2 under the Exchange Act) subject to the reporting requirements of Section 13 or Section 15(d) of the Exchange Act, or any successor or comparable form; and
(ii) Within 55 days after the end of each of the first three fiscal quarters of each fiscal year, the Company’s unaudited interim financial statements, prepared in accordance with the requirements that would be applicable to such unaudited interim financial statements if appearing in a quarterly report on Form 10-Q filed by the Company as a non-accelerated filer (within the meaning of Rule 12b-2 under the Exchange Act) subject to the reporting requirements of Section 13 or Section 15(d) of the Exchange Act, or any successor or comparable form.
(b) For so long as the Company is subject to the reporting requirements of Section 13 or Section 15(d) of the Exchange Act, the Company shall file with the Trustee and make available to the holders of the Securities (without exhibits), without cost to any holder, copies of all documents that the Company files with, or furnishes to, the Commission under the Exchange Act, within 15 days after the Company files them with, or furnishes them to, the Commission. Any such documents that are publicly available through the EXXXX system of the Commission (or any successor system) shall be deemed to have been filed with the Trustee and made available to holders in accordance with the Company’s obligations under this Section 1.11. If at any time the Company is not subject to Section 13 or Section 15(d) of the Exchange Act, and to the extent not satisfied by the foregoing, the Company will make available to the holders of the Securities and to prospective investors, for so long as any Securities are outstanding, in accordance with the rules and regulations prescribed from time to time by the Commission, such information as may be required pursuant to Rule 144A(d)(4) o...
Reporting Covenant. Commercially reasonable and customary reporting covenant for a financing of this type, which shall require CPC to deliver, without limitation, annual audited financial statements, quarterly unaudited financial statements, annual projections, quarterly management discussion and analysis (others to be mutually agreed).
Reporting Covenant. Required Complies ------------------ -------- -------- Monthly financial statements Monthly within 30 days Yes No Annual (CPA Audited) FYE within 120 days Yes No Annual business plan/operating budget FYE within 30 days Yes No 10K and 10Q (as applicable) Yes No A/R and A/P Agings, Borrowing Base Certs. Monthly within 30 days Yes No A/R Audit Initial and Semi-Annual Yes No IP Report Quarterly within 30 days Yes No Total amount of Borrower's cash and investments Amount: $_________ Yes No Total amount of Borrower's cash and investments Amount: $_________ Yes No with Bank Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Monthly Basis: Minimum Quick Ratio 1.25:1.00 _____:1.00 Yes No Minimum EBITDA From 12/31/04 through 3/31/05 $150,000 $________ Yes No From 4/30/05 through Revolving $300,000 $________ Yes No Maturity Date Maintain on a Daily Basis Minimum Cash at Bank $750,000 $________ Yes No Comments Regarding Exceptions: See Attached. BANK USE ONLY Sincerely, Received by:_____________________________ AUTHORIZED SIGNER __________________________________ Date: _________________________________ SIGNATURE _________________________________ Verified:________________________________ TITLE AUTHORIZED SIGNED Date: _________________________________ _________________________________ DATE Compliance Status Yes No Corporation Resolutions and Incumbency Certification Authority to Procure Loans -------------------------------------------------------------------------------- I certify that I am the duly elected and qualified Secretary of TCI SOLUTIONS, INC.; that the following is a true and correct copy of resolutions duly adopted by the Board of Directors of the Corporation in accordance with its bylaws and applicable statutes. Copy of Resolutions: Be it Resolved, That:
Reporting Covenant. Required Financial Covenant Required
Reporting Covenant. As long as the Investors own Registrable Shares, the Parent, at all times while it shall be reporting under the U.S. Exchange Act, covenants to use commercially reasonable efforts to file timely (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Parent pursuant to Sections 13(a) or 15(d) of the U.S. Exchange Act.
Reporting Covenant. REQUIRED COMPLIES ------------------ -------- --------
Reporting Covenant. REQUIRED COMPLIES ------------------ -------- -------- Monthly financial statements Monthly within 15 days Yes No Annual CPA Audited FYE within 90 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings; Borrowing Base Cert. Monthly within 15 days* Yes No A/R Audit Semi-Annual Yes No *Only due prior to initial Rev. Line Advance or while there is line usage or Letter of Credit issued. FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ------------------ -------- ------ -------- Maintain on a Monthly Basis: Minimum Quick Ratio, Cash Coverage or Cash Flow (1) :1.0 Yes No ---------- --------- Minimum Tangible Net Worth $3,500,000 $ Yes No ---------- --------- Maximum Debt/Tangible Net Worth 1.75:1.0 :1.0 Yes No ---------- ---------
