Common use of Guarantor Coverage Clause in Contracts

Guarantor Coverage. 22.25.1 The Borrower shall ensure that, at all times after the Closing Date, the aggregate contribution of the Guarantors (other than Holdco) (calculated on an unconsolidated basis and excluding all intra-Group items and investments in Subsidiaries of any member of the Group) represents not less than 90.00 per cent. of the gross assets, Consolidated EBITDA and total revenue of the Group.

Appears in 4 contracts

Samples: Common Terms Agreement (Net 1 Ueps Technologies Inc), Common Terms Agreement (Net 1 Ueps Technologies Inc), Common Terms Agreement (Net 1 Ueps Technologies Inc)

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Guarantor Coverage. 22.25.1 25.25.1 The Borrower shall ensure that, at all times after the Closing Date, the aggregate contribution of the Guarantors (other than Holdco) (calculated on an unconsolidated basis and excluding all intra-Group items and investments in Subsidiaries of any member of the Group) represents not less than 90.00 per cent. of the gross assets, Consolidated EBITDA and total revenue of the Group.

Appears in 1 contract

Samples: Common Terms Agreement (Net 1 Ueps Technologies Inc)

Guarantor Coverage. 22.25.1 23.7.1 The Borrower shall ensure that, at all times after the Closing Date, the aggregate contribution of the Guarantors (other than Holdco) (calculated on an unconsolidated basis and excluding all intra-Group items and investments in Subsidiaries of any member of the Group) represents not less than 90.00 per cent. of the gross assets, Consolidated EBITDA and total revenue of the Group.

Appears in 1 contract

Samples: Facilities Agreement (Lesaka Technologies Inc)

Guarantor Coverage. 22.25.1 The Borrower shall ensure that, at all times after the Closing Date, the aggregate contribution of the Guarantors (other than Holdco) (calculated on an unconsolidated basis and excluding all intra-Group group items and investments in Subsidiaries of any member of the Net1 Group) represents not less than 90.00 per cent. of the gross assets, Consolidated EBITDA and total revenue of the Net1 Group.

Appears in 1 contract

Samples: Restatement Agreement (Net 1 Ueps Technologies Inc)

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Guarantor Coverage. 22.25.1 25.25.1 The Borrower shall ensure that, at all times after the Closing Date, the aggregate contribution of the Guarantors (other than Holdco) (calculated on an unconsolidated basis and excluding all intra-Group items and investments in Subsidiaries of any member of the Group) represents not less than 90.00 per cent. of the gross assets, Consolidated EBITDA and total revenue of the Group.. 25.25.2 Subject to Clause 25.25.3, if, at any time after the Signature Date:

Appears in 1 contract

Samples: Common Terms Agreement (Net 1 Ueps Technologies Inc)

Guarantor Coverage. 22.25.1 The Borrower shall ensure that, at all times after the Closing Date, the aggregate contribution of the Guarantors (other than Holdco) (calculated on an unconsolidated basis and excluding all intra-Group group items and investments in Subsidiaries of any member of the Lesaka Group) represents not less than 90.00 per cent. of the gross assets, Consolidated EBITDA and total revenue of the Lesaka Group.

Appears in 1 contract

Samples: Common Terms Agreement (Lesaka Technologies Inc)

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