Maintenance Covenants definition

Maintenance Covenants means the maintenance covenants set out in Clause 12.1 (Maintenance Covenants).

Maintenance Covenants means the financial maintenance covenants as set out in Clause 13.1 (Maintenance test).

Maintenance Covenants means the financial covenants set forth in Condition 13.1 (Maintenance Covenants).

Examples of Maintenance Covenants in a sentence

• The Maintenance Covenants shall be calculated in accordance with the Accounting Principles applicable to the Issuer and tested by reference to each of the Financial Reports on each Reference Date with respect to the Reference Period ending on such Reference Date.

• The Issuer has failed to comply with any of the Maintenance Covenants and such failure has not been cured in accordance with provisions for the equity cure set out in Clause12.3 (Equity Cure).

• The Issuer has failed to comply with any of the Maintenance Covenants.

• The Issuer has failed to comply with any of the Maintenance Covenants unless a Cure Amount has been paid to the Cure Account within twenty Business Days of a delivery of the relevant Compliance Certificate evidencing the breach, in accordance with Clause 13.5 (Equity cure).

• The Issuer does not comply with any provision under the Finance Documents, in any other way than as set out in Clause 14.1 (Non-Payment) or Clause 12 (Maintenance Covenants), provided that the Agent have requested the Issuer in writing to remedy such failure and the Issuer has not remedied the failure within fifteen (15) Business Days from such request (if the failure or violation is not capable of being remedied, the Agent may declare the Bonds payable without such prior written request).

More Definitions of Maintenance Covenants

Maintenance Covenants means the maintenance covenants set out in Clause 16.1. "Margin" 8.85 per cent. per annum.

Maintenance Covenants means the financial covenants set forth in Section 7.17.

Maintenance Covenants means the maintenance covenants set out in Clause 13.1.

Maintenance Covenants means the maintenance covenants set out in Clause 14.1. "Margin" means:

Maintenance Covenants means the maintenance covenants set out in Clause 11.1 (Maintenance Covenant).

Maintenance Covenants means the maintenance covenants set out in Clause 14.116.1. "Margin" 7.858.85 per cent. per annum.

Maintenance Covenants means the General Covenants, Easements and Restrictions for The Lakes of Sarasota recorded in Official Records Book 1641, Page 0600 of the Public Records of the County, and any and all amendments and Supplements thereto, which provides for the operation, management and administration of the Lakes of Sarasota, the establishment of Common Maintenance Areas therein, and the assessment of “Maintenance Expenses” (as that term is defined therein).