Examples of Covenant Change Date in a sentence
Until the Financial Covenant Change Date, Borrowers shall maintain the Excess Availability of Borrowers at all times in an amount equal to or greater than $5,000,000.
Until the Financial Covenant Change Date, Borrowers shall maintain the Excess Availability of Borrowers at all times in an amount equal to or greater than the Minimum Excess Availability Amount.
Borrowers’ Excess Availability as of the Reporting Date is $ , and Borrowers’ lowest Excess Availability at any time during the period from the last reporting date through the Reporting Date was $ , which ☐ satisfies ☐ does not satisfy the requirement set forth in Section 8.1 of the Credit Agreement that the Excess Availability of Borrowers be not less than the Minimum Excess Availability Amount (as determined in accordance with Section 2 above) at all times until the Financial Covenant Change Date.
Not permit the Senior Leverage Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below: COMPUTATION SENIOR PERIOD ENDING: LEVERAGE RATIO -------------- -------------- 12/31/99 to Covenant Change Date 3.70 to 1.0 Covenant Change Date through 12/31/00 3.25 to 1.0 Thereafter 3.00 to 1.0.
On the second Business Day of each week on or prior to the Covenant Change Date, a 13-week rolling cash flow forecast substantially in the form of Exhibit G.
Commencing with the first month ended on or after the Financial Covenant Change Date and continuing at the end of each month thereafter, Borrowers shall maintain a Fixed Charge Coverage Ratio, measured monthly on a trailing twelve-month basis at the end of each month, of not less than 1.10 to 1.00.
From and after the Covenant Change Date, the Company shall not, and shall not permit any of its Subsidiaries to, Dispose of all or substantially all of the assets of the Company and its Subsidiaries (determined on a consolidated basis), taken as a whole, to any other Person.
Beginning on and including the Financial Covenant Change Date, upon the occurrence and during the continuance of a Domestic Cash Trigger Period, as of the last day of the most recent Fiscal Quarter for which financial statements were, or were required to be, delivered hereunder before the beginning of such Domestic Cash Trigger Period and as of the last day of each Fiscal Quarter ending thereafter, maintain a Fixed Charge Coverage Ratio of at least 1.0 to 1.0.
Not permit the ratio of (a) Adjusted Funded Debt to (b) the sum of Funded Debt plus Consolidated Net Worth at any time to exceed the applicable percentage set forth below during any period set forth below: DEBT TO CAPITALIZATION PERIOD: PERCENTAGE ------- -------------- 12/31/99 to Covenant Change Date 60% Covenant Change Date through 12/31/00 55% Thereafter 50%.