Credit Agreement Covenants definition

Credit Agreement Covenants means (x) Section 6.03 (Fundamental Changes and Asset Sales) of the Credit Agreement or any covenant in the Credit Agreement that limits the ability of the Company or any Subsidiary to, (i) merge into or consolidate with any Person, (ii) sell, transfer, lease or otherwise dispose of any of its assets or any of the Equity Interests of any of its Subsidiaries or
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Credit Agreement Covenants. Credit Agreement Covenants" means the requirements set forth in Article VI of the Existing Credit Agreement or any similar types of requirements (including those that may be added to other Articles of the Existing Credit Agreement) imposed by future Approved Credit Agreement Supplements.
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Credit Agreement Covenants means (x) Section 6.03 (Fundamental Changes and Asset Sales) of the Credit Agreement or any covenant in the Credit Agreement that limits the ability of the Company or any Subsidiary to, (i) merge into or consolidate with any Person, (ii) sell, transfer, lease or otherwise dispose of any of its assets or any of the Equity Interests of any of its Subsidiaries or (iii) liquidate or dissolve, (y) Section 6.07 (Restricted Payments) of the Credit Agreement or any covenant in the Credit Agreement that restricts any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Company or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interest in the Company or any option, warrant or other right to acquire any such Equity Interests in the Company, and (z), with respect to any covenant detailed in clauses (x) and (y) above, any amendment, restatement, supplement or modification from time to time in accordance with the terms of the Credit Agreement.
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Examples of Credit Agreement Covenants in a sentence

  • The psychology of motivation is very complex field and companies are adapting various motivation models in their business to engage their employees.

  • Section 4.9 of the Credit Agreement, Covenants Regarding Formation of New Subsidiaries and Acquisitions, is hereby modified and amended by deleting the existing subsections (b) and (c) in their entirety.

  • Comply with all affirmative, negative and financial covenants contained in the Credit Agreement (as the same may be amended, waived or modified from time to time), as if explicitly set forth herein in their entirety ("Credit Agreement Covenants").

  • All of the covenants contained in Articles V --------- and VI of the Credit Agreement that are applicable to the Corporation and/or the Partnership, as applicable (the "Credit Agreement Covenants"), are incorporated herein by this reference to the fullest extent as if such Borrower had restated the Credit Agreement Covenants in their entirety herein and Borrowers are in compliance with all of the Credit Agreement Covenants in all material respects as of the date hereof.

  • Letter of Credit Agreement Covenants Compliance— As discussed in Note 2, Basis of Presentation and Significant Accounting Policies, in September 2019 we determined that there was a significant level of uncertainty as to whether we would be in compliance with several financial covenants in the second half of 2019, including as of September 30, 2019.

  • The Parent and the Borrower will perform, comply with and be bound by, for the benefit of the Agent and the Lenders, each of the Existing Credit Agreement Covenants, each of which (together with the related definitions and ancillary provisions) is hereby incorporated herein by reference.

  • Lessee has notified the Owner Trustee, the Holder, the Lenders and the Administrative Agent that the Administrative Agent under the Credit Agreement default to exist (the "Credit Agreement Default"), based on the Lessee's failure to comply with certain financial covenants set forth therein incorporated by reference therein pursuant to Sections 5.4, 5.5, 5.6, 5.7 and 5.7A thereof (the "Credit Agreement Covenants").

  • Borrowers shall comply with the Credit Agreement Covenants regardless of the termination, repayment or cancellation of the Credit Agreement.

  • So long as this Agreement remains in full force and effect, the Credit Agreement Covenants, as incorporated herein by reference in accordance with the foregoing, shall remain in full force and effect hereunder notwithstanding any termination of the Credit Agreement after the date hereof.

  • Likewise, Landlord agrees that in the event the Required Lenders under the Credit Agreement or Senior Credit Agreement waive any noncompliance by Borrower and/or any of its Subsidiaries with any of the Credit Agreement Covenants, Financial Covenants or Replacement Financial Covenants, then Landlord shall automatically and irrevocably be deemed to have waived such noncompliance hereunder as well.


More Definitions of Credit Agreement Covenants

Credit Agreement Covenants means each of the covenants set forth in Article IX of the Credit Agreement (or any successor and/or similar provisions thereto contained in the Credit Agreement as amended or waived from time to time); PROVIDED, HOWEVER, that the Lessee shall be obligated by this Master Leasing Agreement to perform such covenants, for the periods stated therein, until payment in full of the Unamortized Value and all other amounts due and owing to Agent, on behalf of the Lessor Parties, hereunder; and PROVIDED FURTHER that if, at any time, the Credit Agreement is terminated or Lessee ceases to have a right to borrow or maintain borrowings thereunder, "CREDIT AGREEMENT COVENANTS" shall mean such covenants, for the periods stated therein, contained in the Credit Agreement in effect at the time such agreement was terminated or Lessee ceased to have such rights.
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Credit Agreement Covenants shall have the meaning provided in Section -------------------------- 5.
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Credit Agreement Covenants. Credit Agreement unchanged, except for any revisions and/or additions usual and customary for transactions of this type.
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Related to Credit Agreement Covenants

  • Credit Agreement has the meaning assigned to such term in the preliminary statement of this Agreement.

  • Prior Credit Agreement has the meaning specified in the Recitals hereto.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Loan Agreement shall have the meaning assigned to such term in the recitals.

  • U.S. Credit Agreement means that certain credit agreement dated as of even date herewith by and among the U.S. Borrower, as borrower, the lenders party thereto, as lenders, and the U.S. Administrative Agent, as administrative agent.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of November 19, 2020, by and among Borrower, the subsidiary guarantors from time to time party thereto, and the Senior Creditors, as amended, restated, supplemented or otherwise modified from time to time.

  • Credit Agreements means any promissory note, mortgage, loan agreement, indenture or similar instrument or agreement to which the Company or any of its Subsidiaries is or becomes a borrower, as such instruments or agreements may be amended, restated, supplemented or otherwise modified from time to time and including any one or more refinancing or replacements thereof, in whole or in part, with any other debt facility or debt obligation, for as long as the payee or creditor to whom the Company or any of its Subsidiaries owes such obligation is not an Affiliate of the Company.

  • Prior Loan Agreement is defined in the recitals hereto.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Amended Credit Agreement means the Existing Credit Agreement as amended hereby.

  • Bridge Credit Agreement means that certain Credit Agreement, dated as of December 24, 2018, by and among Parent Borrower, as Borrower, Citibank, N.A., as Agent and the other parties thereto.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • Borrower Loan Agreement means the Borrower Loan Agreement, of even date herewith, between the Governmental Lender and the Borrower, as supplemented, amended or replaced from time to time in accordance with its terms.

  • DIP Credit Agreement means the Senior Secured Superpriority Debtor-in-Possession Credit Agreement, dated as of April 1, 2009, among the Companies, the Investor and the other lenders and agents from time to time party thereto, after giving effect to all amendments, waivers, supplements, modifications and any substitutions therefor.

  • Term Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Credit Agreement Documents means the collective reference to any Credit Agreement, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • New Credit Agreement means the Credit Agreement, dated as of the Issue Date, by and among Level 3 Parent, LLC, Level 3 Financing, Inc., Wilmington Trust, National Association, as administrative agent, the New Credit Agreement Agent and each lender party thereto from time to time, as may be amended, restated, supplemented or otherwise modified from time to time.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Loan Agreements means any other loan agreements entered into by and between the Trust and one or more of the Borrowers pursuant to which the Trust will make Loans to such Borrowers from moneys on deposit in the Project Fund, excluding the Project Loan Account, financed with the proceeds of the Trust Bonds.

  • Pre-Petition Credit Agreement has the meaning assigned to such term in the Recitals.