Covenant Requirement Sample Clauses

Covenant Requirement. The ratio of (C)(1) to (C)(2): No less than [ ]:1.0
Sample 1
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Covenant Requirement. (a) Fiscal Year ending December 31, 1998 40% (b) Fiscal Year ending December 31, 1999 37.5% (c) Fiscal Year ending December 31, 2000 35% (d) Fiscal Year ending December 31, 2001 32% (e) Any Fiscal Year ending after December 31, 2001 30%
Sample 1
Covenant Requirement. Borrower Total Lot Inventory (excluding lots under option agreements) Borrower shall not own unsold lots under development and unsold developed lots in excess of an aggregate sum equal to two and one-half (2.5) times the number of lot sales and closings over the immediately preceding four (4) quarters for all residential housing projects owned by Borrower Borrower and its subsidiaries Maximum Total Liabilities-to-Tangible Net Worth Ratio (with the Total Liabilities to be exclusive of consolidated liabilities of variable interest entities) Not in excess of 3.25:1.0 Borrower Minimum Fixed Charge Coverage Not less than 2.0:1.0 Borrower Minimum Tangible Net Worth Not less than the sum of $200,000,000.00 plus 50% of all annual net profits after June 30, 2004 plus 75% of additional future equity offerings Borrower Minimum Liquidity Not less than $10,000,000.00
Sample 1
Covenant Requirement. Minimum Consolidated Net Worth Consolidated Net Worth Capital Stock [•] Paid-in-Capital [•] Retained Earnings [•] FASB 142 Exclusion [•] Treasury Stock [•] Total Consolidated Net Worth [•] [•] Total Debt to Total Capital Debt: Notes Payable & Current Maturities [•] Long-Term Debt (Including Trust Preferred Securities) [•] Total Debt [•] Convertible Tax Deductible Preferred - Minority Interest [•] Total Capital: Total Consolidated Net Worth [•] Total Minority Interest [•] Convertible Tax Deductible Preferred - Minority Interest [•] Total Debt [•] Total Capital [•] Total Debt-to-Total Capital [•] [•] EXISTING FACILITIES List of all debt instruments or facilities of International Paper Company and its Material Subsidiaries with principal or face amount of at least $150,000,000. ISSUE PRINCIPAL AMOUNT 5.85% Note Due 2012 $ 1,140,000,000 3.75% Zero Coupon Convertible Note Due 2021 $ 1,001,264,000 6.75% Note Due 2011 $ 975,000,000 5.30% Note Due 2015 $ 625,000,000 4.00% Note Due 2010 $ 567,800,000 5.50% Note Due 2014 $ 484,250,000 4.25% Note Due 2009 $ 476,175,000 5.25% Note Due 2016 $ 400,000,000 3.80% Note Due 2008 $ 300,000,000 5.375% Euro Notes Due 2006 € 250,000,000 7.35% Note Due 2025 $ 200,000,000 6.4% Note Due 2026 $ 200,000,000 7.2% Note Due 2026 $ 200,000,000 7.625% Note Due 2007 $ 198,000,000 6.875% Note Due 2023 $ 200,000,000 6.875% Note Due 2029 $ 200,000,000 7.75% Note Due 2025 $ 150,000,000 6.5% Note Due 2007 $ 150,000,000 PREFERRED SECURITIES PRINCIPAL AMOUNT 5.25% Convertible Preferred Securities Due 2025 $ 449,831,150 7.005% Preferred Stock – TCCII Due 2039 $ 170,000,000 Bank Facility Amount outstanding as at 30 September, 2005 $750,000,000 R/C Facility Due 2006 $ 0 $1,250,000,000 R/C Facility Due 2009 $ 0 $1,200,000,000 Receivable Securitization 2004 $ 0 €500,000,000 IPISAS Credit Facility Due 2009 PLN 400,000,000 IP Kwidzyn SA Credit Facility Due 2006 € PLN 500,000,000 400,000,000 SCHEDULE 9 FORM OF ACCESSION AGREEMENT To: [BNP PARIBAS] as Facility Agent From: INTERNATIONAL PAPER COMPANY and [Proposed Borrower] Date: [ ] US$800,000,000 Credit Agreement dated [ ] November 2005 and made between, among others, International Paper Investments (Luxembourg) S.à x.x. and BNP Paribas as Facility Agent (the Agreement) We refer to the Agreement. This is an Accession Agreement. Unless otherwise defined in this Accession Agreement, capitalised terms in this Accession Agreement shall have the same meaning as that given to them in the Agreement. [Proposed ...
Sample 1
Covenant Requirement. Recipient agrees to assume, after the completion of the project, the total cost of continued maintenance, repair and administration of the grant-assisted property in a manner satisfactory to the Secretary of the Interior. As applicable, these obligations include reasonable measures for the protection of the property, including from vandalism or destruction, which may include, as appropriate, monitoring and coordination with local authorities regarding a response to imminent threats. Accordingly, Recipient agrees to sign a Preservation Covenant with the State Historic Preservation Officer (SHPO). The term of the covenant must run from the end date of this agreement for [dn17] years [MBH18][dn19]. The covenant must be executed by registering it with the deed of the property. A photocopy of the executed covenant, stamped registered with the deed, must be submitted to the Program Administrator prior to release of the final grant payment by the Ohio History Connection.
Sample 1
Covenant Requirement. (a) 90% of Tangible Net Worth as reported at 3/31/96: $ (b) 50% of Borrower's net income each fiscal year thereafter: $ (c) Proceeds of any initial public offering: $ (d) Covenant Requirement: Sum of 2(a) through 2(b): $
Sample 1
Covenant Requirement. Consolidated GAAP Net Worth of the Borrower (line 5) shall be an amount greater than or equal to the amount shown in Item 6(v) below:
Sample 1
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Covenant Requirement. Adjusted Debt to Worth Ratio shall not be greater than 2.00 to 1.00, measured on a quarterly basis:
Sample 1

Related to Covenant Requirement

  • Reporting Covenant Required Complies Annual financial statements (CPA Audited) FYI within 180 days Yes No Monthly financial statements (consolidated), Compliance Certificate and deferred revenue report Monthly within 30 days Yes No Quarterly financial statements (consolidating) Quarterly within 30 days Yes No 10K and 10Q (as applicable) Yes No Annual operating budget, sales projections and operating plans approved by board of directors Annual no later than 30 days after the end of each fiscal year Yes No A/R & A/P Agings, Inventory Report, Borrowings Base Certificate Prior to each Credit Extension, and monthly within 20 days Yes No A/R Audit Initial (within 30 days of close) and Semi-Annual thereafter Yes No Inventory Exam Prior to any Advance on “Eligible Inventory” and Annually thereafter Yes No IP Report Annually within 30 days, and promptly after filings with the USPTO and/or Copyright Office Yes No Deposit balances with Bridge Bank $ Deposit balances with Comerica Bank $ Deposit balances outside Bridge Bank or Comerica Bank (explain on attachment) $ Amount/% of Total Cash maintained with foreign subsidiaries $ /% (may not exceed 5%) Yes No Financial Covenants Required Actual Complies Minimum Asset Coverage Ratio (monthly) 1.50: 1.00 :1.00 Yes No Minimum Tangible Net Worth (quarterly) $ 8,000,000 * $ Yes No Minimum Unrestricted Cash in DDA at each of Bridge and Comerica $ 1,000,000 ** $ Yes No Comments Regarding Exceptions: See Attached. BANK USE ONLY Received by: Sincerely, AUTHORIZED SIGNER Date: Verified: SIGNATURE AUTHORIZED SIGNER Date: TITLE Compliance Status Yes No DATE * increasingly by (i) 25% of New Equity, (ii) 25% of Investors’ indebtedness actually advanced (after the initial advance thereof, and (iii) 70% of quarterly net profit after tax (determined in accordance with GAAP), not to exceed $10,000,000 through 12/31/11. ** to increase to $3,000,000 ($4,000,000 in the event of any advance of the Investors’ Indebtedness) at Bridge and $2,000,000 ($3,000,000 in the event of any advance of the Investors’ Indebtedness) at Comerica in the event Borrower’s quarterly revenue is <80% of the Board-approved forecast delivered to Lenders in accordance with Section 6.3.

  • Service Requirement Except as otherwise provided in Section 6(e) of the Plan or Section 2 of this Agreement, this Option may be exercised only while you continue to provide Service to the Company or any Affiliate, and only if you have continuously provided such Service since the Grant Date of this Option.

  • Financial Covenant Required Actual Complies Maintain on a Monthly Basis: Minimum Revenue (trailing 6 month) Tested as of the last day of each month, minimum GAAP revenue for the trailing 6 month period then ended, of at least 70% of Borrower’s projected performance for such month as outlined in Borrower’s 2018-2019 Financial Projections $ Yes No Other Matters Have there been any (i) amendments of or other changes to the capitalization table of Borrower or (ii) amendments or other changes to the Operating Documents of Borrower or any of its Subsidiaries? If yes, provide copies of any such amendments or changes with this Compliance Certificate. Yes No The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) 10X GENOMICS, INC. BANK USE ONLY Received by: By: AUTHORIZED SIGNER Name: Date: Title: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No EXHIBIT C LOAN PAYMENT/ADVANCE REQUEST FORM DEADLINE FOR SAME DAY PROCESSING IS NOON PACIFIC TIME Fax To: Date: LOAN PAYMENT: 10X GENOMICS, INC. From Account # To Account # (Deposit Account #) (Loan Account #) Principal $ and/or Interest $ Authorized Signature: Phone Number: Print Name/Title: LOAN ADVANCE: Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance are for an outgoing wire. From Account # To Account # (Loan Account #) (Deposit Account #) Amount of the Term Loan Advance $ All Borrower’s representations and warranties in the Second Amended and Restated Loan and Security Agreement are true, correct and complete in all material respects on the date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date: Authorized Signature: Phone Number: Print Name/Title: OUTGOING WIRE REQUEST: Complete only if all or a portion of funds from the loan advance above is to be wired. Deadline for same day processing is noon, Pacific Time Beneficiary Name: Amount of Wire: $ Beneficiary Name: Amount of Wire: $ City and State: Beneficiary Bank Transit (ABA) #: Beneficiary Bank Code (Swift, Sort, Chip, etc.): (For International Wire Only) Intermediary Bank: Transit (ABA) #: For Further Credit to: Special Instruction: By signing below, I (we) acknowledge and agree that my (our) funds transfer request shall be processed in accordance with and subject to the terms and conditions set forth in the agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by me (us). Authorized Signature: 2nd Signature (if required): Print Name/Title: Print Name/Title: Telephone #: Telephone #:

  • Payment Requirements ‌ If funding levels are significantly affected by state or federal budget and funds are not allocated and available for the continuance of the function performed by Subrecipient, the Contract may be terminated by the County at the end of the period for which funds are available. The County shall notify Subrecipient at the earliest possible time of any service, which will or may be affected by a shortage of funds. No penalty shall accrue to the County in the event this provision is exercised and the County shall not be obligated nor liable for any damages as a result of termination under this provision of this Contract, and nothing herein shall be construed as obligating the County to expend or as involving the County in any Contract or other obligation for future payment of money in excess of appropriations authorized by law.

  • Compliance Requirements K. If using volunteers as provided for in this Contract during FY19, which encompasses the Contract term of July 1, 2019 to June 30, 2020, then the Grantee must either:

  • CONTRACT COMPLIANCE REQUIREMENT The HUB requirement on this Contract is 0%. The student engagement requirement of this Contract is 0 hours. The Career Education requirement for this Contract is 0 hours. Failure to achieve these requirements may result in the application of some or all of the sanctions set forth in Administrative Policy 3.10, which is hereby incorporated by reference.

  • Release Requirement Notwithstanding any provision herein to the contrary, except as otherwise determined by the Company, in order for the Grantee to receive Shares pursuant to the settlement of Vested RSUs under Section 6(a), (b), (c), (d) or (e) above, the Grantee (or the representative of his or her estate) must execute and deliver to the Company a general release and waiver of claims against the Company, its Subsidiaries and their directors, officers, employees, shareholders and other affiliates in a form that is satisfactory to the Company (the “Release”). The Release must become effective and irrevocable under applicable law no later than 60 days following the date of the Grantee’s death, termination of employment or transfer of position, as applicable.

  • Amendment Requirements (a) Notwithstanding the provisions of Sections 13.1 and 13.2, no provision of this Agreement that establishes a percentage of Outstanding Units (including Units deemed owned by the General Partner) required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would have the effect of reducing such voting percentage unless such amendment is approved by the written consent or the affirmative vote of holders of Outstanding Units whose aggregate Outstanding Units constitute not less than the voting requirement sought to be reduced.

  • W-9 Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a properly completed Internal Revenue Service (“IRS”) Form W-9. The purpose of the W-9 form is to document the SS# or FEIN# per the IRS. Note: W-9s submitted for any other entity name other than the Grantee’s will not be accepted.

  • Age Requirement The employee must have reached the age of fifty-five (55) before reduction in workload.

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