Financial Condition Covenants definition

Financial Condition Covenants means each of the covenants set forth in Section 3 of the Pricing Letter.

Financial Condition Covenants the covenants set forth in Section 7.1.

Financial Condition Covenants means the financial covenants set forth in Section 11(i) of the Guaranty.

Examples of Financial Condition Covenants in a sentence

• Seller shall comply with the applicable Financial Condition Covenants set forth in the Pricing Letter.

• To the extent a fiscal quarter ended for which the Financial Condition Covenants are initially recalculated as a result of a Cure Right is included in the calculation of a Financial Condition Covenant in a subsequent fiscal period, the Cure Amount shall be included in the amount of Operating Cash Flow for such initial fiscal period.

• The applicable Seller Parties shall comply with the Financial Condition Covenants set forth in the Pricing Letter.

• The Pro Forma Leverage Ratio shall not exceed 5.65 to 1.0, and the Borrower shall have provided reasonably satisfactory support for such calculation, provided that the Sponsor shall have the ability to cure any shortfall with equity contributions in the same manner as provided for in Section 8.2 with respect to the Financial Condition Covenants.

• Without the written approval of Buyer, Seller shall not create, incur, assume or suffer to exist any Guarantees, unless Seller is in compliance with each of the Financial Condition Covenants both immediately prior to and immediately after giving pro forma effect to Seller’s entry into such Guarantee.

More Definitions of Financial Condition Covenants

Financial Condition Covenants means the financial covenants of the Financial Reporting Party as set forth in Section 4 of the Pricing Letter.

Financial Condition Covenants shall have the meaning set forth in Section 8.5(a).

Financial Condition Covenants means each covenant set forth in Article 5.

Financial Condition Covenants shall have the meaning specified in the Pricing Letter.

Financial Condition Covenants means each of the covenants set forth in Section 3 of the Pricing Letter. “Financial Reporting Party” shall have the meaning specified in the Pricing Letter.

Financial Condition Covenants shall have the meaning specified in the Pricing Letter. “Financial Reporting Group” shall mean Seller and each of Seller’s Affiliates that constitute a single group for purposes of reporting Financial Statements. “Financial Statements” shall have the meaning set forth in Section 12(d) of the Agreement. “GAAP” means generally accepted accounting principles as in effect from time to time in the United States of America. “Xxxxxx Xxx” shall mean the Government National Mortgage Association, or any successor thereto. “GLB Act” shall have the meaning set forth in Section 12(y) of the Agreement. “Governmental Authority” shall mean any nation or government, any state, county, municipality or other political subdivision thereof or any governmental body, agency, authority, department or commission (including, without limitation, any taxing authority) or any instrumentality or officer of any of the foregoing (including, without limitation, any court or tribunal) exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and any corporation, partnership or other entity directly or indirectly owned by or controlled by the foregoing. “Guarantee” shall mean, as to any Person, any obligation of such Person directly or indirectly guaranteeing any Indebtedness of any other Person or in any manner providing for the payment of any Indebtedness of any other Person or otherwise protecting the holder of such Indebtedness against loss (whether by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, or to take-or-pay or otherwise); provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guarantee of a Person shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by such Person in good faith. The terms “Guarantee” and “Guaranteed” used as verbs shall have correlative meanings.

Financial Condition Covenants shall have the meaning specified in the Pricing Letter. “Financial Reporting Group” shall mean Seller and each of Seller’s Affiliates that constitute a single group for purposes of reporting Financial Statements. “Financial Statements” shall have the meaning set forth in Section 12(d) of this Agreement. “GAAP” means generally accepted accounting principles as in effect from time to time in the United States of America. “GLB Act” shall have the meaning set forth in Section 12(x) of this Agreement.