Common use of Financial testing Clause in Contracts

Financial testing. The financial covenants set out in Clause 22.2 (Financial condition) shall be tested quarterly by reference to each of the Company'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 Clause 21.2 (Compliance Certificate).

Appears in 1 contract

Sources: Facilities Agreement (Cemex Sa De Cv)

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

Appears in 1 contract

Sources: Facilities Agreement (Cemex Sab De Cv)

Financial testing. The financial covenants set out in Clause 22.2 (Financial condition) shall be tested quarterly for each Calculation Period ending on each Calculation Day by reference to each of the Company's consolidated relevant financial statements and/or the relevant Compliance Certificate 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 Clause 21.2 (Compliance Certificate).

Appears in 1 contract

Sources: Facility Agreement (Central European Distribution Corp)

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

Appears in 1 contract

Sources: Financing Agreement (Cemex Sab De Cv)

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

Appears in 1 contract

Sources: Rollover Loan Agreement (Freeseas Inc.)

Financial testing. The financial covenants set out in Clause 22.2 21.2 (Financial condition) shall be tested quarterly semi-annually by reference to each of the Company's Borrower’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 20.1 (Financial statements) and Clause 21.2 20.2 (Compliance Certificate).

Appears in 1 contract

Sources: Facilities Agreement (Cemex Sab De Cv)

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

Appears in 1 contract

Sources: Secured Facilities Agreement (Solutia Inc)

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

Appears in 1 contract

Sources: Acquisition Facilities Agreement (Cemex Sa De Cv)