Bank Covenants definition

Bank Covenants means the agreed performance guidelines set for your Bank Facilities (if any);

Bank Covenants means the agreed performance guidelines set for your BankFacilities (if any);

Bank Covenants means the agreed performance guidelines set for your Bank

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 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.

Bank Covenants means the agreed performance guidelines set foryour Bank Facilities (if any);