Examples of Financial Maintenance Covenants in a sentence
Borrower shall be in compliance with the Financial Maintenance Covenants on a Pro Forma Basis as of the most recent Calculation Date (calculated in accordance with Section 2.12(b)(v) of the Credit Agreement) and the Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower demonstrating the calculations thereof in reasonable detail.
Borrower shall be in compliance with the Financial Maintenance Covenants (as in effect under the Existing Credit Agreement) on a Pro Forma Basis as of the most recent Calculation Date (calculated in accordance with Section 2.12(b)(v) of the Existing Credit Agreement) and the Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower demonstrating the calculations thereof in reasonable detail.
The Financial Maintenance Covenants will be tested with respect to the Borrower and its subsidiaries on a consolidated basis, quarterly on the last day of each fiscal quarter ending after the Closing Date.
The Banks, subject to each of the following provisions of this Waiver and Amendment No. 1, agree to: (A) waive the Borrower's compliance with the Leverage Ratio Covenant and Interest Coverage Ratio Covenant for the fiscal quarter ending March 31, 2001, and (B) for the Measurement Date on June 30, 2001 only, replace the Financial Maintenance Covenants contained in Section 6.01(a), (b), (c) and (d) with the following Operating Income (Loss) Test.
All existing covenants, including the Financial Maintenance Covenants contained in Section 6.01(a), (b), (c) and (d) of the Credit Agreement, remain in full force and effect and shall continue to apply for all measurement periods after June 30, 2001.