Common use of Financial testing Clause in Contracts

Financial testing. The financial covenants set out in Clause 22.2 (Financial condition) shall be tested semi-annually by reference to the Company’s consolidated financial statements delivered pursuant to Clause 21.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 21.2 (Compliance Certificate).

Appears in 2 contracts

Samples: Facilities Agreement (Cemex Sa De Cv), Facilities Agreement (Cemex Sab De Cv)

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Financial testing. (a) The financial covenants set out in Clause 22.2 21.1 (Financial conditionCondition) shall be tested semi-annually by reference to the Company’s consolidated financial statements and Compliance Certificates delivered pursuant to paragraphs (a) and (b) of Clause 20.1 (Financial Statements) and Compliance Certificates delivered pursuant to Clause 21.1 20.2 (Financial statementsProvision and Contents of Compliance Certificates) and/or in respect of each Compliance Certificate delivered pursuant to Clause 21.2 (Compliance Certificate)Relevant Period.

Appears in 2 contracts

Samples: Facility Agreement (Sequoia Capital China I Lp), Facility Agreement (Chiu Na Lai)

Financial testing. The financial covenants set out in Clause 22.2 21.1 (Financial conditionCondition) shall be tested semi-annually quarterly by reference to the CompanyGroup’s consolidated annual and quarterly financial statements and the annual and quarterly Compliance Certificates delivered pursuant to Clause 21.1 20.2 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 21.2 (Provisions and contents of Compliance Certificate).) in respect of such Relevant Period provided that:

Appears in 2 contracts

Samples: Agreement (FreeSeas Inc.), Agreement (FreeSeas Inc.)

Financial testing. The financial covenants set out in Clause 22.2 21.2 (Financial condition) shall be tested semi-annually by reference to the Company’s consolidated financial statements delivered pursuant to Clause 21.1 20.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 21.2 20.2 (Compliance Certificate).

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

Financial testing. The financial covenants set out in Clause 22.2 20.2 (Financial condition) shall be tested semi-annually by annually, unless otherwise specified, with reference to the Company’s consolidated annual audited financial statements delivered pursuant to Clause 21.1 (Financial statements) and/or each as well as Compliance Certificate delivered pursuant to Clause 21.2 (Compliance 19.2(Compliance Certificate).

Appears in 1 contract

Samples: Million Facility Agreement (Sterlite Industries (India) LTD)

Financial testing. The financial covenants set out in Clause 22.2 21.2 (Financial condition) shall be tested semi-annually by reference to the CompanyParent’s consolidated financial statements delivered pursuant to Clause 21.1 20.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 21.2 20.2 (Compliance Certificate).

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

Financial testing. The financial covenants set out in Clause 22.2 21.2 (Financial condition) shall be tested semi-annually by reference to each of the CompanyBorrower’s consolidated financial statements delivered pursuant to Clause 21.1 (Financial statements) and/or each Compliance Certificate delivered with respect to any such consolidated financial statements pursuant to Clause 21.2 20.1 (Financial statements) and Clause 20.2 (Compliance Certificate).

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

Financial testing. The financial covenants set out in Clause 22.2 23.2 (Financial condition) shall be tested semi-annually quarterly by reference to each of the Company’s consolidated financial statements delivered pursuant to Clause 21.1 (Combined Financial statements) Statements of the Group and/or each Compliance Certificate delivered pursuant to Clause 21.2 22.2 (Compliance Certificate).

Appears in 1 contract

Samples: Multicurrency Term and Revolving Facilities Agreement (Solutia Inc)

Financial testing. The financial covenants set out in Clause 22.2 23.2 (Financial condition) shall be tested semi-annually by reference to the CompanyParent’s consolidated financial statements delivered pursuant to Clause 21.1 22.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 21.2 22.2 (Compliance Certificate).

Appears in 1 contract

Samples: Financing Agreement (Cemex Sab De Cv)

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Financial testing. The financial covenants set out in Clause 22.2 (Financial condition) shall be tested semi-annually by reference to the Company’s 's consolidated financial statements delivered pursuant to Clause 21.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 21.2 (Compliance Certificate).

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sa De Cv)

Financial testing. The financial covenants set out in Clause 22.2 19.1 (Financial conditionCondition) shall be tested semi-annually quarterly by reference to the Company’s Group's consolidated annual and quarterly financial statements and the annual and quarterly Compliance Certificates delivered pursuant to Clause 21.1 18.2 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 21.2 (Provisions and contents of Compliance Certificate)) in respect of such Accounting Period.

Appears in 1 contract

Samples: Agreement (Freeseas Inc.)

Financial testing. The financial covenants set out in Clause 22.2 (Financial condition) shall be tested semi-annually quarterly by reference to each of the Company’s 's consolidated financial statements delivered pursuant to and/or each Compliance Certificate delivered with respect to any such consolidated financial statements pursuant to Clause 21.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to and Clause 21.2 (Compliance Certificate).

Appears in 1 contract

Samples: Term and Revolving Facilities Agreement (Cemex Sa De Cv)

Financial testing. The financial covenants set out in Clause 22.2 20.2 (Financial condition) shall be tested semi-annually by annually, unless otherwise specified, with reference to the Company’s consolidated annual audited financial statements delivered pursuant to Clause 21.1 (Financial statements) and/or each as well as Compliance Certificate delivered pursuant to Clause 21.2 19.2 (Compliance Certificate).

Appears in 1 contract

Samples: Facility Agreement (Sterlite Industries (India) LTD)

Financial testing. (a) The financial covenants set out in Clause 22.2 21.1 (Financial condition) shall be tested semi-annually quarterly by reference to the Company’s consolidated financial statements statements, annual reports, management accounts and Compliance Certificates delivered pursuant to Clause 21.1 Clauses 20.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 21.2 and 20.2 (Compliance Certificate)) in respect of the specified Relevant Period.

Appears in 1 contract

Samples: Facility Agreement (Tongjitang Chinese Medicines Co)

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