Maintenance Covenants definition

Maintenance Covenants means the maintenance covenants set out in Clause 12.1 (Maintenance Covenants).
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Maintenance Covenants means the financial maintenance covenants as set out in Clause 13.1 (Maintenance test).
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Maintenance Covenants means the maintenance covenants set out in Clause 13.1.
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Examples of Maintenance Covenants in a sentence

  • All disputes arising under or relating to the Franchise Maintenance Covenants, or the breach or threatened breach thereof, shall be settled by an action or proceeding in a court of competent jurisdiction.

  • All disputes arising under or relating to the Franchise Maintenance Covenants, or the breach or threatened breach thereof, shall be settled by a Proceeding in a court of competent jurisdiction.

  • If, upon a breach of the Franchise Maintenance Covenants, the equitable remedies provided for in Section 6.4 herein are unavailable for any reason, each of the County and the ECSC shall be entitled to pursue all other legal and equitable remedies against the Bills, whether or not such other remedies are specifically set forth in this 2013 Stadium Lease.

  • The Franchise Maintenance Covenants shall terminate upon the expiration or earlier rightful termination or cancellation of the Term; provided, however, that no such termination or cancellation shall relieve StadCo and/or the Bills of any obligation or liability arising or accruing pursuant to this Article 6 prior to the date of such termination or cancellation.

  • 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 an Equity Cure in Clause 12.3 (Equity Cure).

  • The Franchise Maintenance Covenants shall terminate upon the expiration or earlier rightful termination or cancellation of the Term; provided, however, that no such termination or cancellation shall relieve the Bills of any obligation or liability arising or accruing pursuant to this Article 6 prior to the date of such termination or cancellation.

  • The Borrower undertakes to the Lender at all times to comply and to procure compliance with the operational and maintenance covenants set out in schedule 5 (Operational and 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).

  • If, upon a breach of the Franchise Maintenance Covenants, the equitable remedies provided for in Section 6.4 herein and the liquidated damages provided for in the Non- Relocation Agreement are unavailable for any reason, each of the County and ECSC shall be entitled to pursue all other legal and equitable remedies against StadCo and/or the Bills, whether or not such other remedies are specifically set forth in this Stadium Lease.


More Definitions of Maintenance Covenants

Maintenance Covenants means the financial covenants set forth in Condition 13.1 (Maintenance Covenants).
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Maintenance Covenants means the financial covenants set forth in Section 7.17.
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Maintenance Covenants means the maintenance covenants set out in Clause 14.1. "Margin" 7.85 per cent. per annum.
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Maintenance Covenants means the maintenance covenants set out in Clause 11.1
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Maintenance Covenants means the maintenance covenants set out in Clause 16.1. "Margin" 8.85 per cent. per annum.
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Maintenance Covenants means the maintenance covenants set out in Clause 14.1. "Margin" 7.85 per cent. per annum.
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Related to Maintenance Covenants

  • 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.

  • 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.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Sections 6.10 and 6.11.

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

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Operation and Maintenance Costs means the costs of:

  • Deferred Maintenance means improvements necessary for continued operations, which do not improve productivity or alter the process technology.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.