Applicable Covenants definition

Applicable Covenants means, in connection with any determination required to be made by the Company with respect to its ability to comply with the Financial Covenants, the covenants set forth therein that are applicable at the time of determination.

Applicable Covenants means, in connection with any determination required to be made by the U.S. Borrower with respect to its ability to comply with the covenants set forth in Section 9.01 through 9.03 inclusive, the covenants set forth therein that are applicable at the time of determination.

Applicable Covenants means, in connection with any determination required to be made by the U.S. Borrower with respect to its ability to comply with the covenants set forth in Section 9.01 through 9.03 inclusive, the Revolving Facility A Financial Covenants (but only to the extent that there is any Revolving A Credit Exposure on the date of determination after giving effect to the event giving rise to the need for compliance) and, in any case, the Revolving Facility B Financial Covenants.

Examples of Applicable Covenants in a sentence

• Tenant represents to Landlord that attached as Exhibit A hereto is the true and complete copy of Amendment No. 9 which includes the Applicable Covenants as in effect on the Effective Date.

• At all other times, Asset Sales shall be permitted if (A) such Asset Sale would not result in a Material Adverse Effect, (B) no Default or Event of Default then exists or would result therefrom and (C) the Company is in compliance with the Applicable Covenants on a Pro Forma Basis as required under Section 7.08(a).

• Actions taken by the Company and its Subsidiaries prior to the date a Triggering Event occurs shall not be subject to the Applicable Covenants with retroactive effect.

• Subject to the satisfaction of the conditions precedent described in Article IV hereof, each of the undersigned Banks consent to the Obligated Parties’ departure from the Applicable Covenants as specifically described above for purposes described herein and agree that such departure will not result in an Event of Default under the Agreement.

• If one or both of Moody's and S&P withdraws its ratings or downgrades the ratings assigned to the Notes below the Specified Ratings, or a Default or Event of Default occurs and is continuing (any of the foregoing, a "Triggering Event"), then the Company and its Subsidiaries shall thereafter be subject to the Applicable Covenants.

• The consent set forth herein shall not be deemed a consent to the departure from or waiver of (a) the Applicable Covenants for any purpose other than as described herein, (b) any other covenant or condition in any Loan Document or (c) any Event of Default that otherwise may arise as a result of the formation of HHC Services and its acquisition of aircraft.

• F.Y.I. and the other Loan Parties (by their execution below) hereby agree with Agent and the Lenders that the approval contained in clause (a) above shall not be deemed (i) an approval of the departure from any Applicable Covenants with respect to any transaction other than the Dissolution or (ii) a waiver of any other covenant or condition in any Loan Document or (iii) a waiver of any Event of Default.

• Compliance with the Applicable Covenants with respect to the Restricted Payments made after the occurrence of a Triggering Event will be calculated in accordance with Section 3.04 as though such covenant had been in effect during the entire period of time from the Issue Date.

• Compliance with the Applicable Covenants with respect to the Restricted Payments made after the occurrence of a Triggering Event will be calculated in accordance with Section 3.04 of the Officers' Certificate as though such covenant had been in effect during the entire period of time from the Issue Date.

• The above waiver is a one time waiver and shall not be construed to be a waiver as to future compliance with the Applicable Covenants or a waiver of any other Default or Event of Default that may exist.

More Definitions of Applicable Covenants

Applicable Covenants means, collectively, (w) Sections 8.08(a), 8.09, 8.10 and 8.11 of the Credit Agreement as amended and restated in Amendment No. 9 thereto, (x) any comparable provisions included in any Replacement Credit Agreement, (y) subject to Paragraph 33(a) of the Lease, any amendment, modification or waiver thereof and (z) in each case, the related defined terms used in the Credit Agreement or Replacement Credit Agreement, as the case may be.

Applicable Covenants means (i) any covenant to refrain from engaging in or otherwise competing with the business of owning, managing, operating and/or exploiting ATM’s and (ii) any covenant to refrain from soliciting the employees of the Companies or any employees of Seller that are engaged in the business of owning, managing, operating and/or exploiting ATM’s.