Financial Covenants of Borrower definition

Financial Covenants of Borrower contained in the Original Credit Agreement is hereby amended by deleting Sections 12.1, 12.2, 12.3, 12.4 and 12.5 and the terms and subsections therein contained and inserting the following in lieu thereof:
Sample 1

Examples of Financial Covenants of Borrower in a sentence

  • By: Name: Title: BANK USE ONLY Received by: _____________________________ AUTHORIZED SIGNER Date: _________________________ Verified: ________________________________ AUTHORIZED SIGNER Date: _________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern.

  • By: Name: Title: Schedule 1 to Compliance Certificate Financial Covenants of Borrower SCHEDULE 1 TO SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT ACKNOWLEDGEMENT OF AMENDMENT AND REAFFIRMATION OF GUARANTY December 22, 2008 Silicon Valley Bank 000 Xxxxxxx Xxxxxxx, Suite 255 Minnetonka, MN 55305 Attn: Xxx XxXxxx Re: Silicon Valley Bank/ev3 Inc.

  • The following are the exceptions with respect to the certification above: (If no exceptions exist, state “NONE.”) BRIDGER AIR TANKER 1, LLC BANK USE ONLY By: Received by: Name: AUTHORIZED SIGNER Title: Date: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No SCHEDULE I TO COMPLIANCE CERTIFICATE Financial Covenants of Borrower In the event of a conflict between this Schedule I and the Loan Agreement, terms of the Loan Agreement shall govern.

  • Lender shall be satisfied: (i) with the financial condition of Borrower and (ii) that the Financial Covenants of Borrower or Guarantor set forth in this Agreement or in other Loan Document continue to be satisfied.

  • BANK USE ONLY ENERNOC SECURITIES CORPORATION Received by: By: AUTHORIZED SIGNER Name: Date: Title: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower Dated: In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall control.

  • The following are the exceptions with respect to the certification above: (If no exceptions exist, state “NONE.”) BRIDGER AIR TANKER 2, LLC BANK USE ONLY By: Received by: Name: AUTHORIZED SIGNER Title: Date: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No SCHEDULE I TO COMPLIANCE CERTIFICATE Financial Covenants of Borrower In the event of a conflict between this Schedule I and the Loan Agreement, terms of the Loan Agreement shall govern.

  • Financial Covenants of Borrower In the event of a conflict between this Schedule and the Agreement, the terms of the Agreement shall govern.

  • Section 11, Financial Covenants of Borrower, is amended as follows.

  • All Financial Covenants of Borrower are currently maintained by the Borrower.

  • By: Name: Title: Received by: authorized signer Date: Verified: authorized signer Date: Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern.

Related to Financial Covenants of Borrower

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

  • Financial Covenant means the covenant set forth in Section 7.09.

  • 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.

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

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

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

  • 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).

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Negative Covenants means any negative or similar restrictive covenant (including, without limitation, under Article 7) made by the Borrowers in this Agreement or in any other Loan Document.

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.

  • 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.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • 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.

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

  • 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 8.11 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 7.01(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis.

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

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

  • Debt Service Requirements means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers.

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

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

  • Financial Performance Covenant means the covenant set forth in Section 6.10.

  • Borrower Financial Statements has the meaning assigned to such term in Section 4.4(a).

  • Pro Forma Basis and “Pro Forma Effect” mean, with respect to compliance with any test hereunder for an applicable period of measurement, that (A) to the extent applicable, the Pro Forma Adjustment shall have been made and (B) all Specified Transactions and the following transactions in connection therewith shall be deemed to have occurred as of the first day of the applicable period of measurement (as of the last date in the case of a balance sheet item) in such test: (a) income statement items (whether positive or negative) attributable to the property or Person subject to such Specified Transaction, (i) in the case of a Disposition of all or substantially all Equity Interests in any Restricted Subsidiary of the Parent Borrower or any division, product line, or facility used for operations of the Parent Borrower or any of its Restricted Subsidiaries, shall be excluded, and (ii) in the case of a Permitted Acquisition or Investment described in the definition of “Specified Transaction,” shall be included, (b) any retirement of Indebtedness, and (c) any Indebtedness incurred or assumed by the Parent Borrower or any of its Restricted Subsidiaries in connection therewith and if such Indebtedness has a floating or formula rate, shall have an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination; provided that, without limiting the application of the Pro Forma Adjustment pursuant to (A) above, the foregoing pro forma adjustments may be applied to any such test solely to the extent that such adjustments are consistent with the definition of Consolidated EBITDA and give effect to events (including operating expense reductions) that are (as determined by the Parent Borrower in good faith) (i) (x) directly attributable to such transaction, (y) expected to have a continuing impact on the Parent Borrower and its Restricted Subsidiaries and (z) factually supportable or (ii) otherwise consistent with the definition of Pro Forma Adjustment.

  • 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.

  • Covenant-Lite Loan means a Bank Loan that does not require the borrower thereunder to comply with any financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) (regardless of whether compliance with one or more incurrence covenants is otherwise required by such Bank Loan).

  • Incurrence Covenant means 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) only upon the occurrence of certain actions of the borrower, including a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture.