Financial Covenant Certificate definition

Financial Covenant Certificate means a certificate in the form of Exhibit F.
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Financial Covenant Certificate means an Officers' Certificate substantially in the form of Exhibit C-1 or such other form as may be approved by Administrative Agent, delivered pursuant to Section 9.01(e), demonstrating in reasonable detail the calculation of the Total Leverage Ratio, Senior Secured Leverage Ratio and Interest Coverage Ratio as of any Test Date.
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Financial Covenant Certificate has the meaning given to that term under Clause 18.2(a)(iv)(1) (Financial Information).
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Examples of Financial Covenant Certificate in a sentence

  • The Bank Financial Covenant Certificate to be submitted to Lloyds Banking Group which confirmed the University’s compliance with its banking covenants.

  • The realization then can have a dynamic impact on the energy service market (dena, 2016).

  • According to Boorman (2001), there are 320 Boeing 777’s are in service with 27 operators, all using the ECL.

  • The Court approved the Bank Financial Covenant Certificate to be submitted to Lloyds Banking Group which confirmed the University’s compliance with its banking covenants.


More Definitions of Financial Covenant Certificate

Financial Covenant Certificate means a certificate of a Responsible Officer of Parent to be delivered in connection with the delivery by the Parent of its Financial Statements respecting the end of each month or the end of each fiscal quarter of each Fiscal Year of Parent, as the case may be, and setting forth the Coverage Ratio, the Inventory Turnover Ratio, and the Cash Flow as of the last day of each such month of Borrower, but only to the extent that such measurement is required for such period under the terms of this Agreement, together with such supporting documentation and calculations, substantially in the form of Exhibit B, as the Agent may reasonably request with respect to such Coverage Ratio, Inventory Turnover Ratio, and the Cash Flow.
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Related to Financial Covenant Certificate

  • Financial Covenant has the meaning specified in Section 7.08.

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

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

  • Financial Covenant Debt of any Person means Indebtedness of the type specified in clauses (a), (b), (d), (e), (f) and (h) of the definition of “Indebtedness,” non-contingent obligations of the type specified in clause (c) of such definition and Guaranty Obligations of any of the foregoing.

  • Pro Forma Compliance Certificate means a certificate of a Responsible Officer of the Borrower containing reasonably detailed calculations of the financial covenants set forth in Section 7.11 recomputed as of the end of the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 6.01(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis.

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

  • 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).

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

  • Pro Forma Adjustment Certificate means any certificate of an Authorized Officer of the Borrower delivered pursuant to Section 9.1(h) or setting forth the information described in clause (iv) to Section 9.1(d).

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

  • Compliance Certificate means a certificate substantially in the form of Exhibit D.

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

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Replacement Capital Covenant has the meaning specified in the introduction to this instrument.

  • Covenant Compliance Event means that Excess Availability at any time is less than the greater of (a) ten (10%) percent of the Line Cap or (b) $7,000,000. For purposes hereof, the occurrence of a Covenant Compliance Event shall be deemed continuing until Excess Availability has exceeded the amounts set forth above for thirty (30) consecutive days, in which case a Covenant Compliance Event shall no longer be deemed to be continuing for purposes of this Agreement. 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.

  • Officer’s Compliance Certificate means a certificate of the chief financial officer or the treasurer of the Borrower substantially in the form attached as Exhibit F.

  • Vesting Certificate shall have the meaning specified in Section 16.5;

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • 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.

  • Tax Compliance Certificate as defined in Section 5.9.2(b)(iii).

  • Performance Certificate means the certificate issued under Sub-Clause 11.9 [Performance Certificate].

  • Quarterly Compliance Certificate has the meaning specified in Section 4.1(d) of the Base Indenture.

  • Closing Certificate means the closing certificate of the Company in the form of Exhibit B hereto.

  • Interim Payment Certificate means a payment certificate issued under Clause 14 [Contract Price and Payment], other than the Final Payment Certificate.

  • Pro Forma Compliance means, with respect to any transaction, that such transaction does not cause, create or result in a Default after giving Pro Forma Effect, based upon the results of operations for the most recently completed Measurement Period to (a) such transaction and (b) all other transactions which are contemplated or required to be given Pro Forma Effect hereunder that have occurred on or after the first day of the relevant Measurement Period.