Financial Covenant definition

Financial Covenant has the meaning specified in Section 7.08.
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Financial Covenant means the covenant in Section 6.15(a).
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Financial Covenant means the covenant of the Borrower set forth in Section 6.11.
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Examples of Financial Covenant in a sentence

  • All Equity Cure Contributions shall be disregarded for all purposes of this Agreement (including determining any baskets conditioned upon meeting a leverage ratio contained herein and in the other Credit Documents); provided, that, any such Equity Cure Contributions shall be included in Consolidated EBITDA for the purpose of determining compliance with the Financial Covenant for the applicable Cure Quarter and each fiscal quarter thereafter in a Test Period that includes the Cure Quarter.

  • There shall be no pro forma reduction in Indebtedness with the proceeds of the Equity Cure Contribution for purposes of determining compliance with the Financial Covenant for the purpose of determining any pricing, financial covenant based conditions or baskets with respect to the covenants contained in this Agreement, in each case, for the applicable Cure Quarter.

  • Upon any Equity Cure of a Specified Financial Covenant, any Event of Default that occurred and is continuing from a breach of such Specified Financial Covenant shall be deemed cured with no further action required by Lender.


More Definitions of Financial Covenant

Financial Covenant means the financial covenant contained in Section 5.7.
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Financial Covenant means any covenant that requires the Company or any of its Subsidiaries to achieve, maintain, or not exceed, a stated level of financial condition or performance and includes, without limitation, any requirement that the Company or any of its Subsidiaries:
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Financial Covenant the covenant set forth in Section 6.1.
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Financial Covenant means the financial covenant applicable to the Borrower Parties from time to time pursuant to Section 8.8.
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Financial Covenant means collectively the Loan to Value Ratio, the Secured Properties Loan to Value Ratio, the Interest Cover Ratio and the Secured Properties Interest Cover Ratio;
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Financial Covenant means the covenant set forth in Article VIII.
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Financial Covenant has the meaning assigned to such term in Section 6.13(a).
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