More Favorable Covenant definition

More Favorable Covenant is defined in Section 9.11(a).
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More Favorable Covenant is defined in Section 16.15(a).
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More Favorable Covenant has the meaning given that term in Section 7.17.
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Examples of More Favorable Covenant in a sentence

  • Such More Favorable Covenant shall be deemed automatically incorporated by reference into Section 10 of this Agreement, mutatis mutandis, as if set forth in full herein, effective as of the date when such More Favorable Covenant shall have become effective under such Unsecured Credit Facility, unless waived in writing by the Required Holders within 15 days after each holder’s receipt of such notice of such More Favorable Covenant.


More Definitions of More Favorable Covenant

More Favorable Covenant is defined in Section 5.39.11(a).
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More Favorable Covenant is defined in Section 9.9(a). “Most Favored Lender Notice” is defined in Section 9.9.
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More Favorable Covenant means a covenant that is (i) of the nature described in Article III or VI of this Indenture or Article III or VI of the indenture governing the Floating Rate Notes and (ii) in any respect more restrictive or burdensome to the Parent, the Company or any Restricted Subsidiary or more favorable to the lenders or other counterparties thereunder than is contained in this Indenture or any Collateral Document as of the date of this Indenture.
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More Favorable Covenant shall have the meaning given in paragraph 6M(i).
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Related to More Favorable Covenant

  • 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.

  • 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.

  • Financial Covenant has the meaning specified in Section 7.08.

  • Negative Covenants The Postpetition Financing Documents shall contain negative covenants of the Borrower acceptable to the Lender.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

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

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

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

  • Restrictive Covenants means the restrictive covenants contained in Section 13(c) hereof.