Covenant Group definition

Covenant Group means each Obligor (other than the Company) and each Subsidiary of such Obligor.
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Covenant Group means the Group excluding Hungarian Telephone and Cable Corporation.
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Covenant Group means NTL CC and any subsidiary of NTL CC which is a holding company of the Parent.
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Examples of Covenant Group in a sentence

  • Each Obligor shall procure that no substantial change is made to the general nature of the business of the Obligors or of any member of the Covenant Group taken as a whole from that carried on at the date of this Agreement.

  • The Company shall ensure that the Covenant Group Interest Cover Ratio is at all times from the first Measurement Date greater than 3.50 :1.

  • Each Obligor shall (and shall ensure that each other member of the Covenant Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business.

  • Each Obligor shall (and shall ensure that each member of the Covenant Group will) comply in all respects with all laws, permits and licences which are material to the conduct of its business.

  • An Obligor or any other member of the Covenant Group suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business or changes the nature of its business from that undertaken as at the date of this Agreement without the express prior written consent of the Lender.

  • It and each member of the Covenant Group has a good, valid and marketable title to, or valid leases or licences of, and all appropriate Authorisations to use, the assets necessary to carry on its business as presently conducted.


More Definitions of Covenant Group

Covenant Group means the Intermediate Parent, any subsidiary of the Intermediate Parent which is a direct or indirect holding company of the Borrower, the Borrower and the other members of the UK Group. For the avoidance of doubt, the Parent is not a member of the Covenant Group.
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Covenant Group means the Borrower and all partner enterprises and linked enterprises of the Borrower, as such terms are defined in the Commission Recommendation, except that for these purposes any partner enterprise or linked enterprise of the Borrower that is a private equity or venture capital entity shall be ignored.
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Covenant Group means New NTL and any subsidiary of New NTL which is a holding company of the Parent (such subsidiaries of New NTL, at the Second Restatement Amendment Effective Date, being New Holdco and NTL UK).
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Covenant Group means each member of the Group other than K2021, K2020 and Cash Connect Capital.
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Covenant Group means the Intermediate Parent, any subsidiary of the Intermediate Parent which is a direct or indirect holding company of the Borrower, the Borrower and the other members of the UK Group. For the avoidance of doubt, neither New NTL nor the Parent is a member of the Covenant Group.
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Related to Covenant Group

  • Parent Group has the meaning set forth in Section 8.03(c).

  • Covenant Period means the period of time from the date of this Agreement to the date that is two years after the Date of Termination.

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

  • Non-Recourse Parties has the meaning provided in Section 13.23.

  • Partnership Group means the Partnership and its Subsidiaries treated as a single consolidated entity.

  • Covenant Testing Period means a period (a) commencing on the last day of the fiscal month of Parent most recently ended prior to a Covenant Trigger Event for which Borrowers are required to deliver to Agent monthly, quarterly or annual financial statements pursuant to Schedule 5.1 to this Agreement, and (b) continuing through and including the first day after such Covenant Trigger Event that Excess Availability has equaled or exceeded the greater of (i) 12.5% of the Line Cap or (ii) $10,000,000, in each case, for 30 consecutive days.

  • Confidential Business Information means any internal, non-public information (other than Trade Secrets already addressed above) concerning the Employer’s financial position and results of operations (including revenues, assets, net income, etc.); annual and long-range business plans; product or service plans; marketing plans and methods; training, educational and administrative manuals; customer and supplier information and purchase histories; and employee lists. The provisions of Sections 6 and 7 shall also apply to protect Trade Secrets and Confidential Business Information of third parties provided to the Employer under an obligation of secrecy.

  • Non-Recourse Party has the meaning set forth in Section 5.16 hereof.