Examples of Bank Covenants in a sentence
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.
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.
Borrower and/or Guarantor acknowledges and agrees that if Borrower and/or Guarantor is not in compliance with any Xxxxx Fargo Bank Covenants and fails to either cure or have such noncompliance waived within sixty (60) days of the end of such quarter, Borrower and/or Guarantor shall be in default hereunder.
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.
Due to the substantial shortfall in revenue for the quarter ended March 30, 1997, the Company was unable to satisfy certain of the financial covenants, as amended, under the Revolving Credit Facility (under which no borrowings were outstanding) ("Bank Covenants").
An extract of key schedules from the Finance record was attached to the report which showed the College’s assessment of Outstanding Financial Health and that the Bank Covenants had been met.
Bank Covenants: It is recognized that Contractor must comply with the financial covenants established by its banks and lending institutions.
The interest on the loan principal will be capitalised to the loan until such time as the Bank Covenants have been fulfilled.It is recorded that Jacana and Pruta wished to amend the Subordinated Convertible Loan Agreements concluded by them by inserting a further Interest rate provision to allow for interest in respect of the option on the part of the Lender to convert the loan principal into ordinary Accéntuate shares.
The Committee requested the covenant schedule to be notated to reflect the historic cost deficit as the first of three years, with the notation to also include the exclusion of the restructuring costs.ACTION: Deputy Principal to amend Appendix 8 (Performance against Bank Covenants) report as requested by the Resources Committee The Management Accounts to 30 June 2014 were approved by the Resources Committee and recommended for approval to the full Corporation.
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.