Bank Covenants definition

Bank Covenants means the agreed performance guidelines set for your Bank Facilities (if any);
Sample 1Sample 2Sample 3
Bank Covenants means the agreed performance guidelines set for your BankFacilities (if any);
Sample 1Sample 2Sample 3
Bank Covenants means the agreed performance guidelines set for your Bank
Sample 1Sample 2Sample 3

Examples of Bank Covenants in a sentence

  • Without limiting Clauses 4.1 and 9.1 in the Standard Terms, if you have exceeded your Maximum PoA Limit you must within 14 days of our request disclose to us such other financial information as we reasonably require about you (including information about your monthly management accounts, Bank Covenants, Bank Facilities and your and your partners and/or directors loan agreements and details of other assets and liabilities) and about Contract Work (and any other work secured by us).

  • Bond Bank Covenants The Bond Bank covenants and agrees that it will faithfully perform at all times any and all covenants, undertakings, stipulations and provisions contained in the Indenture, in any and every Bond executed, authenticated and delivered under the Indenture and in all of its related proceedings.

  • The margins attributable to these Revolving Credit Facilities mirror those attributable to the revised term loan facilities.During the year the Group comfortably met the Bank Covenants attached to the banking facilities.

  • Staff also completed four thematic reviews on Bank Covenants, Income Tax reporting, Business Combinations and the impact of IFRS 15 on Revenue from Contracts with Customers.

  • Next 10 Top Performers▪ Discretionary awards must be performance driven = pay for themselves▪ Establish performance metric(s) and threshold hurdles1) ROE, ROI, EBITDA /adjustments …2) Bank Covenants …Creating Long-Term Value for Companies & Their Executives: Case StudyEstablish Performance Metric Award RangesFulcrum Partners designs are based on flexible platforms that will allow changes as required to drive desired performance.

  • Following questions, it was confirmed that:• Creditors had increased due to the profile of funding;• Debtors had increased due to activity within the first term;• The ESFA Other Income of £164k related to the grant towards the increase in teachers pension costs and that this would not automatically reoccur; and• The Bank Covenants had been met within the period.

  • Bank Covenants and FacilitiesWe remain comfortably within our facility covenants with Adjusted Leverage (as measured by facility agreement) of 0.9x and interest cover of 27x.

  • The Finance and Resources Committee considered a paper [Paper M76] by the Chief Financial Officer on OfS Approval of Financial Forecasts and Update on Bank Covenants and Associated Risk Appetite Statement.

  • Financial performance, observing those items reviewed elsewhere on the agenda (Minute 3.2.1 refers) and noting:  That whilst the year to date financial position showed some slight variances the College remained on target to achieve its financial objective for the year of a budgeted out-turn of £300k  Expectations of remaining compliant with Bank Covenants and on track in achievement of the objective of staff costs as a percentage of income.

  • Bank Covenants: It is recognized that Contractor must comply with the financial covenants established by its banks and lending institutions.


More Definitions of Bank Covenants

Bank Covenants means the agreed performance guidelines set foryour Bank Facilities (if any);
Sample 1
Bank Covenants means the covenants contained in any agreements, instruments or documents under which the Company or its subsidiaries have or are permitted to borrow funds, the compliance of which will be determined by the Company’s Compensation Committee or its designee in the Compensation Committee’s sole discretion.
Sample 1

Related to Bank Covenants

  • Covenants means the covenants, conditions, restrictions, assessments, charges, servitudes, liens, reservations and easements set forth herein.

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Financial Covenant has the meaning specified in Section 7.08.

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).

  • Maintenance Covenant A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, that exists regardless of whether or not such borrower has taken any specified action and includes a covenant that applies only when the related loan is funded.

  • Default Effect means multiplying the Outstanding Balance as of the date the applicable Event of Default occurred by (a) 15% for each occurrence of any Major Default, or (b) 5% for each occurrence of any Minor Default, and then adding the resulting product to the Outstanding Balance as of the date the applicable Event of Default occurred, with the sum of the foregoing then becoming the Outstanding Balance under this Note as of the date the applicable Event of Default occurred; provided that the Default Effect may only be applied three (3) times hereunder with respect to Major Defaults and three (3) times hereunder with respect to Minor Defaults; and provided further that the Default Effect shall not apply to any Event of Default pursuant to Section 4.1(b) hereof.

  • Waiver Period means, for each applicable fee, the period of time from the initial effective date of the MIAX PEARL Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior to the termination of the Waiver Period and effective date of any such applicable fee.

  • Forbearance Period means the period between the Effective Date and the Termination Date, inclusive.

  • Restrictive Covenant has the meaning set forth in Section 6(c).

  • (2) In this subsection, the term fundraising’ means