Covenant Satisfied definition

Covenant Satisfied. Covenant Not Satisfied:_____
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Covenant Satisfied. Covenant Not Satisfied:_____ EXHIBIT J SCHEDULE OF EXISTING WAREHOUSE LINES Amended and Restated Facility Agreement dated as of October 1, 1997, as amended by Amendment No. 1 to Amended and Restated Facility Agreement dated as of January 30, 1998 and as amended by Amendment No. 2 to Amended and Restated Facility Agreement dated as of the Closing Date, each among Cargill Financial Services Corporation, the Borrower, Accredited Home Capital, Inc. and Bankers Trust Company of California, N.A. Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans dated as of October 1, 1997 between the Borrower and Xxxxxx Commercial Paper Inc. EXHIBIT K FORM FOR FUNDING BANK LETTER AGREEMENT (Letterhead of the Company) March _____, 1999 The First National Bank of Chicago Xxx Xxxxx Xxxxx Xxxxxx Xxxxxxx, XX 00000 Gentlemen: The undersigned, ACCREDITED HOME LENDERS, INC. (the "Company"), hereby authorizes The First National Bank of Chicago (the "Funding Bank") to permit Residential Funding Corporation (the "Lender") to debit and access information on the Company's accounts held by the Funding Bank as outlined below. The Company hereby directs and authorizes the Funding Bank to follow the directions of the Lender in debiting such accounts. The Company authorizes the Lender to access account information from time to time for the Company's operating account no. ____________________ (the "Operating Account") for the purpose of verifying balance information. In addition, the Company requests that the Lender, and the Company hereby authorizes the Lender, to debit the Operating Account to the extent necessary to cover (a) wires to be initiated by the Lender in accordance with the Company's instructions as set forth in the Request for Advance for the purposes permitted in the Warehousing Credit, Term Loan and Security Agreement (the "Agreement") by and between the Company and the Lender; and (b) amounts due and owing to the Lender, including but not limited to principal, interest and fees. Upon the termination or expiration of the Agreement, the Company requests that the Lender, and the Company hereby authorizes the Lender to (a) close the Operating Account and any other accounts which have been established by the Company and the Lender to facilitate transactions under the Agreement, and (b) withdraw any funds remaining in the Operating Account and remit such funds to the Company after all amounts due and owing the Lender have been paid. The Company hereby directs a...
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Covenant Satisfied. COVENANT NOT SATISFIED: _____
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More Definitions of Covenant Satisfied

Covenant Satisfied. Covenant Not Satisfied:_____ EXHIBIT J SCHEDULE OF EXISTING WAREHOUSE LINES Amended and Restated Facility Agreement dated as of October 1, 1997, as amended by Amendment No. 1 to Amended and Restated Facility Agreement dated as of January 30, 1998 and as amended by Amendment No. 2 to Amended and Restated Facility Agreement dated as of the Closing Date, each among Cargill Financial Services Corporation, the Borrower, Accredited Home Xxxxxxl, Inc. and Bankers Trust Company of California, N.A. Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans dated as of October 1, 1997 between the Borrower and Lehman Commercial Paper Inc. EXHIBIT K FORM FOR FUNDING BANK LETTER AGREEMENT (Letterhead of the Company) March _____, 1999 The First National Bank of Chicago One North State Street Chicago, IL 60602 Gentlemen: The underxxxxxx, XXXXXXXXXX XXXX XXXXXXX, XXX. (xhe "Company"), hereby authorizes The First National Bank of Chicago (the "Funding Bank") to permit Residential Funding Corporation (the "Lender") to debit and access information on the Company's accounts held by the Funding Bank as outlined below. The Company hereby directs and authorizes the Funding Bank to follow the directions of the Lender in debiting such accounts. The Company authorizes the Lender to access account information from time to time for the Company's operating account no. ____________________ (the "Operating Account") for the purpose of verifying balance information. In addition, the Company requests that the Lender, and the Company hereby authorizes the Lender, to debit the Operating Account to the extent necessary to cover (a) wires to be initiated by the Lender in accordance with the Company's instructions as set forth in the Request for Advance for the purposes permitted in the Warehousing Credit, Term Loan and Security Agreement (the "Agreement") by and between the Company and the Lender; and (b) amounts due and owing to the Lender, including but not limited to principal, interest and fees. Upon the termination or expiration of the Agreement, the Company requests that the Lender, and the Company hereby authorizes the Lender to (a) close the Operating Account and any other accounts which have been established by the Company and the Lender to facilitate transactions under the Agreement, and (b) withdraw any funds remaining in the Operating Account and remit such funds to the Company after all amounts due and owing the Lender have been paid. The Company hereby directs a...
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Covenant Satisfied. Covenant Not Satisfied:_____ EXHIBIT B GUARANTY THIS GUARANTY, made and entered into as of this 23rd day of July, 1997, by FILET HOLDINGS CORPORATION, a Delaware corporation (the "Guarantor"), to RESIDENTIAL FUNDING CORPORATION, a Delaware corporation (the "Lender"), having its principal office at 0000 Xxxxxxxxxx Xxxx Xxxx., Xxxxx 000, Xxxxxxxxxxx, Xxxxxxxxx 00000. RECITALS
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Covenant Satisfied. COVENANT NOT SATISFIED: _____ Schedule B - 5
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Related to Covenant Satisfied

  • Covenant Compliance Event means, at any time, Availability is less than the greater of (i) ten percent (10%) of the Loan Cap and (ii) $15,000,000. The termination of a Covenant Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Compliance Event in the event that the conditions set forth in this definition again arise.

  • Covenant Suspension Event has the meaning assigned to it in Section 3.22(b).

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • Fully Satisfied means, with respect to the Obligations as of any date, that, as of such date, (a) all principal of and interest accrued to such date which constitute Obligations shall have been irrevocably paid in full in cash, and (b) all fees, expenses and other amounts then due and payable which constitute Obligations shall have been irrevocably paid in cash.

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Covenant Relief Period means the period commencing on the Amendment No. 1 Effective Date and ending on and including December 31, 2022.

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • performance requirement means a requirement that:

  • Financial Performance Covenant means the covenant set forth in Section 6.11.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Transfer fee covenant means a declaration or covenant purporting to affect real property which requires or purports to require the payment of a transfer fee to the declarant or other person specified in the covenant or declaration, or to their successors or assigns, upon a subsequent transfer of an interest in the real property.

  • Financial Covenant has the meaning specified in Section 7.08.

  • Covenant Compliance Certificate means a properly completed and executed Covenant Compliance Certificate substantially in the form of Exhibit X hereto.

  • Covenant Compliance Worksheet means a fully completed worksheet in the form of Attachment A to Exhibit C.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • 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 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 Availability has equaled or exceeded the greater of (a) 15% of the Maximum Revolver Amount, and (b) $4,500,000 for 60 consecutive days.

  • Affirmative Covenants The following affirmative covenants, among others, if any, to be negotiated in the Senior Facilities Documentation, will apply (to be applicable to the Borrower and its restricted subsidiaries), subject to customary (consistent with the Documentation Precedent) and other baskets, exceptions and qualifications to be agreed upon: maintenance of corporate existence and rights; performance and payment of obligations; delivery of annual and quarterly consolidated financial statements (accompanied by customary management discussion and analysis and (annually) by an audit opinion from nationally recognized auditors that is not subject to any qualification as to scope of such audit or going concern) (other than solely with respect to, or resulting solely from an upcoming maturity date under any series of indebtedness occurring within one year from the time such opinion is delivered) (with extended time periods to be agreed for delivery of the first annual and certain quarterly financial statements to be delivered after the Closing Date) and an annual budget (it being understood that the public REIT reporting that includes the Borrower shall satisfy the Borrower’s reporting obligations so long as it includes a consolidating income statement and balance sheet for the Borrower); delivery of notices of default and material adverse litigation, ERISA events and material adverse change; maintenance of properties in good working order; maintenance of books and records; maintenance of customary insurance; commercially reasonable efforts to maintain ratings (but not a specific rating); compliance with laws; inspection of books and properties; environmental; additional guarantors and additional collateral (subject to limitations set forth under the captions “Guarantees” and “Security”); further assurances in respect of collateral matters; use of proceeds; and payment of taxes.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Covenant means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy.

  • Negative Covenants The Postpetition Financing Documents shall contain negative covenants of the Borrower acceptable to the Lender.

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

  • Environmental covenant means a servitude arising under an environmental response project that imposes activity and use limitations.

  • 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.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • 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).

  • Satisfied means paid-in-full.