Examples of Financial Covenant Required Actual Complies in a sentence
Reporting Covenant Required Complies Monthly financial statements with CC Monthly within 30 days Yes No Annual financial statements (CPA Audited) FYE within 180 days Yes No Borrowing Base Certificate w/ A/R and A/P agings, if required Monthly within 30 days when borrowing Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No Projections Annually, within 30 days of Board approval Yes No Financial Covenant Required Actual Complies Maintain on a Monthly Basis: Minimum.
The following Intellectual Property was registered after the Closing Date (if blank, read “None”) Financial Covenant Required Actual Complies Minimum Adjusted Quick Ratio (Quarterly) 2.0:1.0 :1.0 Yes No Minimum EBIT (Quarterly) * $ Yes No *See Section 6.7(b) of Agreement Comments Regarding Exceptions: See Attached.
Reporting Covenant Required Complies Quarterly financial statements1 Quarterly within 45 days1 Yes No Annual (CPA Audited) FYE within 90 days Yes No 10-Q, 10K and 8-K Within 5 days after filing with SEC Yes No Financial Covenant Required Actual Complies Maintain on a Quarterly Basis: Minimum Quick Ratio 1.75:1.002 _____:1.00 Yes No Minimum Revenue 3 $_____ Yes No Profitability Quarterly 4 $___________ Yes No 1 Monthly when unrestricted cash is less than $25,000,000.
Adjusted Quick Ratio > 1.50:1.0 ___:1.0 Yes No Financial Covenant Required Actual Complies Adjusted Quick Ratio 1.25:1.00 ___:1.0 Yes No Distributions to Subsidiaries For the period ending _______________ $_______________(year-to-date) Bank Accounts of Subsidiaries Name of Subsidiary Name of Bank Account Balances 1.
Required Complies ------------------ -------- -------- Compliance Certificate Monthly within 30 days (when borrowing) Yes No 10-Q, 10-K with consolidating statements Within 5 days after filing with SEC Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: Minimum Quick Ratio 1.75:1.0 _____:1.0 Yes No Profitability $1.00 $________ Yes No ------------------------------------------------- Comments Regarding Exceptions: See Attached.
Yes No Financial Covenant Required Actual Complies Maintain on a Quarterly Basis: Minimum Trailing Six Month EBITDA (See Schedule 1) :1.0 Yes No Minimum Subscription and Support Revenue (See Schedule 1) $ Yes No Streamline Period Applies Monthly Adjusted Quick Ratio Not less than 0.75:1.00 Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.
Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statement (CPA Audited) + XX XXX within 180 days Yes No Financial Covenant Required Actual Complies Maintain on a Monthly Basis: Minimum Quick Ratio 1.50:1.0 ___:1.0 Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.
Financial Covenant Required Actual Complies Capital Event $ 3,000,000 by 11/15/14 $ Yes o No o The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.
Maintain: Adjusted Quick Ratio (at all times, tested monthly) > 1.25 : 1.0 : 1.0 Yes No Financial Covenant Required Actual Complies Maintain as indicated: Minimum Detection Revenue (six month period, tested quarterly) $ * $ Yes No Adjusted EBITDA (six month period, tested quarterly) $ ** $ Yes No * As set forth in Section 6.9(b) of the Agreement.
Financial Covenant Required Actual Complies Capital Event $ 3,000,000 by 10/31/14 $ Yes o No o The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.