Revision of Reporting Requirements and Financial Covenants Sample Clauses

Revision of Reporting Requirements and Financial Covenants. Borrower understands that in the Event of Default, Lender may revise the Reporting Requirements and Financial Covenants applicable to Borrower from time to time based on the most current financial information provided Lender by Borrower. Borrower agrees that, notwithstanding the above, the Reporting Requirements and Financial Covenants applicable to Borrower and the Loan shall be those stated in the Schedule of Financial Covenants.
Sample 1
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Revision of Reporting Requirements and Financial Covenants. Borrower understands that in the Event of Default, Lender may revise the Reporting Requirements and Financial Covenants applicable to Borrower from time to time based on the most current financial information provided Lender by Borrower. Borrower agrees that, notwithstanding the above, the Reporting Requirements and Financial Covenants applicable to Borrower and the Loan shall be those stated in this Schedule of Financial Covenants. Borrowing Base Facility Agreement- Loan No. 1001839 EXHIBIT A Form of A&D Addendum LXXXXX AND SONS, LLC Borrower Loan No.: Loan Agreement Dated: Approved Project Name/County/State A&D Land Allocations: $ A&D Land Acquisitions Budget: See attached: BORROWER: LENDER: LXXXXX AND SONS, LLC, A Florida limited Liability company OHIO SAVINGS BANK, a federal savings bank By: By: , Vice President or CFO , Vice President Borrowing Base Facility Agreement- Loan No. 1001839 EXHIBIT B Form of A&D Project Addendum LXXXXX AND SONS, LLC Borrower Loan No.: Approved Project Name/County/State: Total A&D Project Allocation: Number of Lots (by product line): Commencement Date: Completion Date: A&D Project Budget: See attached. Per Lot Amount (by product line): $ per Developed Lot Curtailment Requirement: $ on or before and $ every months thereafter. (The Borrower shall reflect a reduction of the A&D Project Allocation by the stated Per Lot Amount for each Developed Lot that is (a) released from the lien and encumbrance of the Mortgage by Lender or (b) on which construction of a Unit has commenced (as evidenced by inclusion as a Unit on the Borrowing Base Request Portion of the Collateral Verification Certificate). The reductions shall be credited toward the Curtailment Requirement. If upon any Curtailment Requirement dates(s) an Unsatisfied Curtailment Requirement balance remains, then the A&D Project Allocation shall be reduced by said balance.) Other Conditions: BORROWER: LENDER: LXXXXX AND SONS, LLC, a Florida limited liability company OHIO SAVINGS BANK, a federal savings bank By: By: , Vice President or CFO , Vice President Borrowing Base Facility Agreement- Loan No. 1001839 COLLATERAL VERIFICATION CERTIFICATE The attached collateral inventory report of Borrower (“Inventory Report”) which is incorporated by this reference, is provided to induce Lender to extend or to continue the extension of credit to Borrower and to evidence the collateral base securing such credit (s). Borrower hereby represents, warrants, and certifies that the information ...
Sample 1

Related to Revision of Reporting Requirements and Financial Covenants

  • Compliance with Financial Covenants Schedule A attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct.

  • Reporting Requirements The Company, during the period when the Prospectus is required to be delivered under the 1933 Act or the 1934 Act, will file all documents required to be filed with the Commission pursuant to the 1934 Act within the time periods required by the 1934 Act and the 1934 Act Regulations.

  • Additional Reporting Requirements Borrower shall provide the following reports and statements to Lender as follows:

  • Certain Financial Covenants The Borrower will not:

  • Specific Financial Covenants During the term of this Agreement, and thereafter for so long as there are any Obligations to Lender, Borrower covenants that, unless otherwise consented to by Lender in writing, it shall:

  • Compliance with Reporting Requirements The Company is subject to and in full compliance with the reporting requirements of Section 13 or Section 15(d) of the Exchange Act.

  • Reporting Requirement As to any defaulted Mortgage Loan, the Servicer must account to, and report in writing to, the Master Servicer as to any Realized Loss (or gain) upon the Liquidation or Deficient Valuation in respect of such Mortgage Loan.

  • Financial Reporting Requirements The Borrower will:

  • Information and Reporting Requirements 57 7.1 Financial and Business Information............................................................................. 57 7.2

  • ERISA Reporting Requirements Borrower shall furnish, or cause to be furnished, to Administrative Agent:

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