Common use of Financial testing Clause in Contracts

Financial testing. The financial covenants set out in clause 20.2 (Financial condition) shall be calculated in accordance with GAAP on a consolidated basis and tested by reference to each of the Financial Statements of the Group delivered pursuant to, and defined as such in, clause 19.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to clause 19.2 (Provision and contents of Compliance Certificate and valuations).

Appears in 2 contracts

Samples: Facility Agreement (Quintana Shipping Ltd.), DryShips Inc.

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Financial testing. The financial covenants set out in clause 20.2 (Financial condition) shall be calculated in accordance with GAAP on a consolidated basis and tested by reference to each of the Financial Statements of the Group financial statements delivered pursuant to, and defined as such in, to clause 19.1 19.2 (Financial statements) and/or each Compliance Certificate delivered pursuant to clause 19.2 19.3 (Provision and contents of Compliance Certificate and valuationsCertificate).

Appears in 2 contracts

Samples: Agreement (Cool Co Ltd.), Agreement (Cool Co Ltd.)

Financial testing. The financial covenants set out in clause 20.2 (Financial conditioncovenants) shall be calculated in accordance with GAAP on a consolidated basis in force as at the date of this Agreement and tested as of 30 June and 31 December of each financial year of the Guarantor and by reference to each of the Financial Statements financial statements delivered in respect of the Group delivered Guarantor pursuant to, and defined as such in, to clause 19.1 18.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to clause 19.2 18.2 (Provision and contents of Compliance Certificate and valuationsCertificate).

Appears in 2 contracts

Samples: Agreement (Hafnia LTD), Agreement (Hafnia LTD)

Financial testing. (a) The financial covenants set out in clause Clause 20.2 (Financial condition) shall be calculated in accordance with GAAP on a consolidated basis and tested by reference to each of the Financial Statements of the Group financial statements delivered pursuant to, and defined as such in, clause under Clause 19.1 (Financial statements) and/or each the Compliance Certificate delivered pursuant to clause Clause 19.2 (Provision and contents of Compliance Certificate and valuationsCertificate).

Appears in 1 contract

Samples: Facility Agreement (WuXi PharmaTech (Cayman) Inc.)

Financial testing. The financial covenants set out in clause 20.2 23.2 (Financial condition) shall be calculated in accordance with GAAP on a consolidated basis and tested by reference to each of the Financial Statements of the Group delivered pursuant to, and defined as such in, clause 19.1 (Financial statements) financial statements and/or each Compliance Certificate delivered pursuant to clause 19.2 22.2 (Provision and contents of Compliance Certificate and valuationsCertificate).

Appears in 1 contract

Samples: Agreement (SunOpta Inc.)

Financial testing. The financial covenants set out in clause Clause 20.2 (Financial condition) shall be calculated in accordance with GAAP on a consolidated basis and tested by reference to each of the most recent Filed Financial Statements of the Group delivered pursuant to, and defined as such in, clause 19.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to clause 19.2 (Provision and contents of Compliance Certificate and valuations)Statements.

Appears in 1 contract

Samples: Amkor Technology, Inc.

Financial testing. The financial covenants set out in clause 20.2 Clause 21.2 (Financial conditionCondition) shall be calculated in accordance with GAAP on a consolidated basis and tested by reference to each of the Financial Statements financial statements of the Group Guarantor delivered pursuant to, to paragraphs 19.1.1 and defined as such in, clause 19.1.2 of Clause 19.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to clause Clause 19.2 (Provision and contents of Compliance Certificate and valuationsCertificate).

Appears in 1 contract

Samples: Agreement (Tim Participacoes Sa)

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Financial testing. The financial covenants set out in clause 20.2 Clause 22.2 (Financial condition) shall be calculated in accordance with GAAP on a consolidated basis and tested by reference to each of the Financial Statements of the Group delivered pursuant to, and defined as such in, clause 19.1 (Financial statements) financial statements and/or each Compliance Certificate delivered pursuant to clause 19.2 Clause 21.2 (Provision and contents of Compliance Certificate and valuationsCertificate).

Appears in 1 contract

Samples: Multipurpose Facilities Agreement (SunOpta Inc.)

Financial testing. The financial covenants set out in clause 20.2 Clause 21.3 (Financial condition) shall be calculated in accordance with GAAP on a consolidated basis and tested by reference to each of the Financial Statements of the Group delivered pursuant to, to Clause 20.1.2 and defined as such in, clause 19.1 Clause 20.1.3 (Financial statements) and/or each Compliance Certificate delivered pursuant to clause 19.2 Clause 20.2 (Provision and contents of Compliance Certificate and valuationsCertificate).

Appears in 1 contract

Samples: Agreement (AVG Technologies N.V.)

Financial testing. The financial covenants set out in clause 20.2 Clause 19.2 (Financial condition) shall be calculated in accordance with GAAP and tested on a consolidated quarterly basis and tested by reference to each of the Financial Statements of the Group delivered pursuant to, and defined as such in, clause 19.1 (Financial statements) and/or for each Compliance Certificate delivered pursuant to clause 19.2 Clause 18.2 (Provision and contents of Compliance Certificate and valuationsCertificate). The Facility Guarantor undertakes to promptly provide such information as the Administrative Agent may require pursuant to this Clause 19.

Appears in 1 contract

Samples: Agreement (Dorian LPG Ltd.)

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