Portfolio Covenants Sample Clauses

Portfolio Covenants. The Issuer covenants with the Indenture Trustee as follows:
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Portfolio Covenants. The Borrower shall not permit:
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Portfolio Covenants. With respect to the Projects, as of the end of each fiscal quarter (i) the Debt Service Coverage shall be at least 1.2 to 1.00 and (ii) Cash on Cash Return shall be at least 11% as determined by Administrative Agent (on behalf of the Lender).
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Portfolio Covenants. With respect to the Projects, as of the end of each fiscal quarter (i) the Debt Service Coverage shall be at least 1.75 to 1.00 so long as the Term Loan has not been repaid in full, and at least 2.75 to 1.00 after the Term Loan has been repaid in full; (ii) the Cash on Cash Return shall be at least 17% so long as the Term Loan has not been repaid in full, and at least 25% after the Term Loan has been repaid in full; and (iii) the Portfolio LTV shall be equal to, or less than, 50% so long as the Term Loan has not been repaid in full, and equal to, or less than 30% after the Term Loan has been repaid in full; in each case, as determined by Administrative Agent (on behalf of the Lenders)."
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Portfolio Covenants. As used in this Section, the following terms shall have the respective meanings set forth below:
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Portfolio Covenants. Borrower shall cause the Receivables to be in full compliance with the following portfolio requirements (as of any date of determination, with respect to all Receivables constituting Collateral as of such date):
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Portfolio Covenants. So long as the SPV Credit Agreement is in effect, the Borrower shall not violate the following performance measurements, in each case to be determined on a monthly basis as of the last calendar day of any calendar month following the Closing Date and calculated on the first Determination Date occurring after such last calendar day of such calendar month (and based on the information for the preceding calendar month or months, as applicable, set forth in any Monthly Servicing Report related to such Determination Date):
Sample 1
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Related to Portfolio Covenants

  • Operating Covenants The Issuer covenants with the Indenture Trustee as follows, provided that any of the following covenants with respect to the Portfolio Railcars shall not be deemed to have been breached by virtue of any act or omission of a Lessee or sub-lessee, or of any Person which has possession of a Portfolio Railcar for the purpose of repairs, maintenance, modification or storage, or by virtue of any requisition, seizure, or confiscation of a Portfolio Railcar (other than seizure or confiscation arising from a breach by the Issuer of such covenant) (each, a “Third Party Event”), so long as (i) none of the Issuer, the Servicer or the Administrator has consented to such Third Party Event; and (ii) the Issuer (or the Servicer on its behalf) as the Lessor of such Portfolio Railcar promptly and diligently takes such commercially reasonable actions as a leading railcar operating lessor would reasonably take in respect of such Third Party Event, including, as deemed appropriate (taking into account, among other things, the laws of the jurisdiction in which such Portfolio Railcar is located or operated), seeking to compel such Lessee or other relevant Person to remedy such Third Party Event or seeking to repossess the relevant Portfolio Railcar:

  • Interim Covenants During the period from the date of this Agreement and continuing until the Closing, the Seller and the Stockholders each agree (except as expressly contemplated by this Agreement or to the extent that Buyer shall otherwise consents in writing) that:

  • REPORTING COVENANTS The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the following, as long as any Obligation or any Revolving Credit Commitment remains outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing:

  • Continuing Covenants The Competitive Supplier agrees and covenants to perform each of the following obligations during the term of this ESA.

  • Joint Covenants Buyer and Seller hereby covenant and agree as follows:

  • Specific Covenants The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.11 or 6.12 or Article VII; or

  • Parent Covenants The Parent will:

  • Land Covenants This contract is subject to the requirements of Title VI of the Civil Rights Act of 1964 (P. L. 88-352) and 24 CFR 570.601 and 570.602. In regard to the sale, lease, or other transfer of land acquired, cleared or improved with assistance provided under this contract, the Subrecipient shall cause or require a covenant running with the land to be inserted in the deed or lease for such transfer, prohibiting discrimination as herein defined, in the sale, lease or rental, or in the use or occupancy of such land, or in any improvements erected or to be erected thereon, providing that the Grantee and the United States are beneficiaries of and entitled to enforce such covenants. The Subrecipient, in undertaking its obligation to carry out the program assisted hereunder, agrees to take such measures as are necessary to enforce such covenant, and will not itself so discriminate.

  • Collateral Reporting and Covenants Each Borrower hereby covenants and agrees, on behalf of itself and its Subsidiaries, as applicable below, as follows:

  • Specific Financial Covenants During the term of this Agreement, and thereafter for so long as there are any Obligations to Lender, Borrower covenants that, unless otherwise consented to by Lender in writing, it shall:

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