Financial Maintenance Covenants definition

Financial Maintenance Covenants means the covenants set forth in Section 6.10.
Financial Maintenance Covenants means the covenants set forth in Sections 9.11(a) and (b).
Financial Maintenance Covenants means the covenants set forth in Sections 8.10, 8.11, 8.12 and 8.18.

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.


More Definitions of Financial Maintenance Covenants

Financial Maintenance Covenants means the covenants set forth in Sections 9.11(a) through (d).
Financial Maintenance Covenants means any “financial maintenance covenant” tested on a periodic basis (whether stated as a covenant, event of default or other provision with similar effect, provided that “incurrence-based” financial tests shall not be treated as a “financial maintenance covenant” for this purpose).
Financial Maintenance Covenants. As described in the First Lien Facility Term Sheet, to be set at levels to reflect a cushion to the levels set forth in the First Lien Facility to be agreed.
Financial Maintenance Covenants means the covenants set forth in Sections 10.08(a) through (d). Notwithstanding, anything to the contrary herein the Financial Maintenance Covenants (and definitions directly related thereto) shall be calculated without taking into account principal or interest outstanding or paid under the Mirror Note.
Financial Maintenance Covenants. None (same as set forth in the Credit Agreement).
Financial Maintenance Covenants means the covenants set forth ------------------------------- in Sections 9.11(a) and (b). "Foreign Lender Certificate" see Section 5.06. --------------------------
Financial Maintenance Covenants means, with respect to a Loan, covenants that (a) are tested on a quarterly or semi-annual basis, and (b) have a first four measurement period average no greater than 40% of covenant headroom of the defined financing case, and shall include such covenants that have one constant level (including, without limitation, cash flow covenants, fixed charge cover, asset coverage based covenants, and minimum liquidity coverage). For the avoidance of doubt, capital expenditure covenants do not constitute Financial Maintenance Covenants.