Common use of Testing of Financial Covenants Clause in Contracts

Testing of Financial Covenants. The financial covenants set forth in this Section 10.1 shall apply at all times but, unless otherwise expressly required pursuant to this Agreement and the other Loan Documents, the Parent Guarantor and the Borrower shall in any event only be obligated to report its compliance therewith at the end of each fiscal quarter or fiscal year, as applicable, as provided in Section 9.3.

Appears in 4 contracts

Samples: Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust)

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Testing of Financial Covenants. The financial covenants set forth in clauses (a)-(e) of this Section 10.1 10.1. shall apply at all times but, unless otherwise expressly required pursuant to this Agreement and the other Loan Documents, the Parent Guarantor and the Borrower Company shall in any event only be obligated to report its compliance therewith only at the end of each fiscal quarter or fiscal year, as applicable, as provided in Section 9.3.

Appears in 2 contracts

Samples: Credit Agreement (Park Hotels & Resorts Inc.), Credit Agreement (Park Hotels & Resorts Inc.)

Testing of Financial Covenants. The Subject to the lead in to this Article X, the financial covenants set forth in this Section 10.1 shall apply at all times but, unless otherwise expressly required pursuant to this Agreement and the other Loan Documents, the Parent Guarantor and the Borrower shall in any event only be obligated to report its compliance therewith at the end of each fiscal quarter or fiscal year, as applicable, as provided in Section 9.3.

Appears in 2 contracts

Samples: Term Loan Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust)

Testing of Financial Covenants. The financial covenants set forth in this Section 10.1 10.1. shall apply at all times but, unless otherwise expressly required pursuant to this Agreement and the other Loan Documents, the Parent Guarantor and the Borrower shall in any event only be obligated to report its compliance therewith at the end of each fiscal quarter or fiscal year, as applicable, as provided in Section 9.3.

Appears in 2 contracts

Samples: Term Loan Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)

Testing of Financial Covenants. The financial covenants set forth in this Section 10.1 8.11 shall apply at all times but, unless otherwise expressly required pursuant to this Agreement and the other Loan Documents, the Parent Guarantor and the Borrower shall in any event only be obligated to report its compliance therewith at the end of each fiscal quarter or fiscal year, as applicable, as provided in Section 9.37.02.

Appears in 1 contract

Samples: Credit Agreement (Ryman Hospitality Properties, Inc.)

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Testing of Financial Covenants. The financial covenants set forth in clauses (a)-(e) of this Section 10.1 10.1. shall apply at all times but, unless otherwise expressly required pursuant to this Agreement and the other Loan Documents, the Parent Guarantor and the Borrower Company shall in any event only be obligated to report its compliance therewith only at the end of each fiscal quarter or fiscal year, as applicable, as provided in Section 9.3.

Appears in 1 contract

Samples: Delayed Draw Term Loan Agreement (Park Hotels & Resorts Inc.)

Testing of Financial Covenants. The Subject to the lead in to this Article 10, the financial covenants set forth in this Section 10.1 shall apply at all times but, unless otherwise expressly required pursuant to this Agreement and the other Loan Documents, the Parent Guarantor and the Borrower shall in any event only be obligated to report its compliance therewith at the end of each fiscal quarter or fiscal year, as applicable, as provided in Section 9.3.

Appears in 1 contract

Samples: Credit Agreement (RLJ Lodging Trust)

Testing of Financial Covenants. The Subject to the lead in to this Article 10X, the financial covenants set forth in this Section 10.1 shall apply at all times but, unless otherwise expressly required pursuant to this Agreement and the other Loan Documents, the Parent Guarantor and the Borrower shall in any event only be obligated to report its compliance therewith at the end of each fiscal quarter or fiscal year, as applicable, as provided in Section 9.3.

Appears in 1 contract

Samples: Credit Agreement (RLJ Lodging Trust)

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