Guarantor Financial Covenants definition

Guarantor Financial Covenants means those covenants set forth in Section 5.2 of the Guaranty.
Guarantor Financial Covenants shall have the meaning set forth in the Guaranty.
Guarantor Financial Covenants means the requirements set forth in Section 6.09(c) to (f).

Examples of Guarantor Financial Covenants in a sentence

  • Subject to the foregoing, including such replacement obligations, Tenant may sell, transfer, convey or otherwise dispose of Tenant’s Property in the ordinary course of Tenant’s business so long as the same does not make or result in any Encumbrances on the Demised Premises or result in an Event of Default, including any failure of Lease Guarantors to satisfy the Guarantor Financial Covenants.

  • Each of the Guarantor Financial Covenants set forth in Sections 6.09(c) to (f) (inclusive) above shall be tested on each Determination Date by reference to each rolling twelve (12) month Measurement Period, and compliance shall be evidenced in the Compliance Certificates.

  • Each of the Guarantor Financial Covenants set forth in Sections 10.9(c) to (f) (inclusive) above shall be tested on each Determination Date by reference to each rolling twelve (12) month Measurement Period, and compliance shall be evidenced in the Compliance Certificates.

  • Guarantors shall at all times comply with the Guarantor Financial Covenants in accordance with Section 8.18 of the Loan Agreement.

  • Guarantor shall, at all times, comply with Guarantor Financial Covenants set forth in Section 9.17 of the Loan Agreement.


More Definitions of Guarantor Financial Covenants

Guarantor Financial Covenants. Collectively, the requirement that the Lease Guarantors maintain, on an aggregate basis: (a) at all times during the Term from and after April 30, 2022, a Tangible Net Worth of not less than the Minimum TNW (which Tangible Net Worth shall be measured as of the end of each fiscal quarter commencing with the fiscal quarter ending on April 30, 2022); and (b) at all times during the Term, Liquid Assets of not less than the Minimum Liquidity Amount.
Guarantor Financial Covenants means: (1) any financial covenants of Campus Crest or its Affiliates in its capacity as a guarantor under any Acquisition Loan or Construction Loan or financing related to the Properties and that are contained in the applicable guaranty or loan documents related thereto, including, without limitation, any covenant requiring such guarantor(s) to maintain a minimum net worth or a minimum amount of liquid assets or any covenant or other obligation prohibiting a material adverse change in the financial condition of such guarantor; (2) any covenant relating to the delivery of any financial information, compliance certificates, tax returns or other financial information relating to Campus Crest or its Affiliates required to be delivered under the applicable guaranty or loan documents related thereto, and (3) the breach by Campus Crest or its Affiliates of any other representation or warranty contained in the applicable guaranty or loan documents related to any of the foregoing. In no event shall the Company or any Subsidiary be considered an Affiliate of Campus Crest for purposes of this Section 6.1.
Guarantor Financial Covenants. The meaning set forth in Section 6.1(i) hereof.
Guarantor Financial Covenants means the financial covenants set forth in Section 9 of the Payment Guaranty.
Guarantor Financial Covenants has the meaning set forth in Section 5(j) of the Payment Guaranty.
Guarantor Financial Covenants has the meaning provided in Section 8.18 of this Agreement.
Guarantor Financial Covenants has the meaning set forth in the Recourse Guaranty.