Reporting Covenant Sample Clauses

Reporting Covenant. So long as any Guaranteed Obligations shall remain unsatisfied or any Lender shall have any Commitment, each Guarantor agrees that it shall furnish to the Administrative Agent such information respecting the operations, properties, business or condition (financial or otherwise) of such Guarantor or its Subsidiaries as the Administrative Agent, at the request of any Guaranteed Party, may from time to time reasonably request.
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Reporting Covenant. Required Complies ------------------ -------- -------- Quarterly financial statements Quarterly within 45 days Yes No Annual (CPA Audited) FYE within 90 days Yes No A/R Agings Monthly within 30 days Yes No (if Outstandings under LOC) Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: Minimum Quick Ratio 1.0:1.0 :1.0 Yes No ----- Minimum Tangible Net Worth 12/31/98 $40,000,000 $ Yes No --------- 3/31/99* $ $ Yes No ----------- --------- 6/30/99* $ $ Yes No ----------- --------- 9/30/99* $ $ Yes No ----------- --------- 12/31/99* $ $ Yes No ----------- --------- 3/31/00* $ $ Yes No ----------- --------- *(Steps Up Quarterly by 80% Net Income)* Profitability: Quarterly Max. 1 loss not to exceed 8mm $ Yes No --------- Annually $1 $ Yes No --------- ==================================== BANK USE ONLY RECEIVED BY: -------------------- DATE: ---------------- REVIEWED BY: -------------------- COMPLIANCE STATUS: YES / NO ==================================== -40- 40 Comments Regarding Exceptions: Sincerely, Date: ------------------------ ------------ SIGNATURE ------------------------ TITLE -41- 41 SCHEDULE 7.5 PERMITTED ENCUMBRANCES EXISTING WAREHOUSE LIENS, OR WAREHOUSE LIENS THAT MAY BE CREATED IN THE FUTURE, THAT ARE JUNIOR AND SUBORDINATE TO ANY LIENS CREATED IN FAVOR OF BANK. NOTWITHSTANDING THE FOREGOING, SUCH LIENS MAY PERMIT A STORAGE FACILITY TO SELL ASSETS TO THE EXTENT NECESSARY TO SATISFY OUTSTANDING OVERDUE STORAGE CHARGES.
Reporting Covenant. Commercially reasonable and customary reporting covenant for a financing of this type, which shall require CPC to deliver, without limitation, annual audited financial statements, quarterly unaudited financial statements, annual projections, quarterly management discussion and analysis.
Reporting Covenant. Required Complies ------------------ -------- -------- Compliance Certificate Monthly within 30 days (when borrowing) Yes No 10-Q, 10-K with consolidating statements Within 5 days after filing with SEC Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Quarterly Basis: Minimum Quick Ratio 1.75:1.0 _____:1.0 Yes No Profitability $1.00 $________ Yes No ------------------------------------------------- Comments Regarding Exceptions: See Attached. BANK USE ONLY Received by: __________________________________ Sincerely, AUTHORIZED SIGNER ______________________________________________ Date: _________________________________________ SIGNATURE Verified: _____________________________________ ______________________________________________ AUTHORIZED SIGNER TITLE Date: _________________________________________ ______________________________________________ DATE Compliance Status: Yes No ------------------------------------------------- Exhibit E- Schedule
Reporting Covenant. Section 4.2 of the Original Indenture is hereby amended and restated with respect to the Notes (but not with respect to any other series of Securities) as follows:
Reporting Covenant. As long as the Investors own Registrable Shares, the Parent, at all times while it shall be reporting under the U.S. Exchange Act, covenants to use commercially reasonable efforts to file timely (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Parent pursuant to Sections 13(a) or 15(d) of the U.S. Exchange Act.
Reporting Covenant. Required Complies Monthly financial statements + CC Monthly within 30 days Yes No Annual (Audited) FYE within 120 days Yes No 8-K except with respect to certifications Within 5 days after filing with SEC Yes No A/R & A/P Agings Monthly within 20 days Yes No Borrowing Base Certificate Monthly within 20 days Yes No Financial Covenant Required Actual
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Reporting Covenant. Required Complies ------------------ -------- -------- Financial Statements + CC Monthly within 30 days Yes No Preliminary Annual (Audited FYE within 120 days Yes No Final Annual (Audited) FYE within 150 days Yes No A/R & A/P Agings Monthly within 30 days Yes No Borrowing Base Certificate Monthly within 30 days Yes No Financial Covenant Required Actual Complies ------------------ -------- ------ -------- Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.00:1.00 _____:1.00 Yes No Minimum Liquidity 1.75:1.00* _____:1.00 Yes No Profitability: Quarterly $_________ Yes No Losses not to exceed: $1,300,000 for the quarter ending 9/30/98 Yes No $900,000 for the quarter ending 12/31/98; and $500,0000 for the quarter ending 3/31/98. *Following two (2) consecutive quarters of Borrower's achievement of a quarterly debt service of at least 1.50 to 1.00, the Liquidity Coverage covenant will be replaced with a Debt Service Coverage covenant defined as follows: a ratio of earnings after tax plus interest and non cash expenses (annualized) to the current portion of long term debt and capital leases plus interest of at least 1.50 to 1.00. Comments Regarding Exceptions: See Attached. +--------------------------------------+ | BANK USE ONLY | | | Sincerely, | Received by: | | ------------------------ | | AUTHORIZED SIGNER | SYNPLICITY, INC. | | | Date: | | ------------------------------- | --------------------------------------- | | Signature | Verified: | | --------------------------- | | AUTHORIZED SIGNER | --------------------------------------- | | Title | Date: | | ------------------------------- | | | --------------------------------------- | Compliance Status: Yes No | Date +--------------------------------------+ [LOGO OF SILICON VALLEY BANK] SILICON VALLEY BANK PRO FORMA INVOICE FOR LOAN CHARGES BORROWER: SYNPLICITY, INC. LOAN OFFICER: Xxxxx Xxxxxx DATE: September 9, 1998 Revolving Loan Fee $15,000.00 Equipment Line Loan Fee 5,000.00* Documentation Fee 1,000.00 TOTAL FEE DUE $21,000.00 ------------- ========== *$2,500 due and payable now and $2,500 due on the initial Equipment Advance in excess of the Cap Amount and not issued under the Temporary Equipment Sublimit. Please indicate the method of payment: [ ] A check for the total amount is attached. [ ] Debit DDA # __________________ for the total amount. [ ] Loan proceeds Borrower: By: ----------------------------------- (Authorized Signer) ----------------------------------- Silicon Valley Bank (Date) Acc...
Reporting Covenant. REQUIRED COMPLIES ------------------ -------- -------- Monthly financial statements Monthly within 30 days Yes No Operating Budgets, annual budgets, FYE within 30 days Yes No and forecasts Annual (CPA Audited) FYE within 90 days Yes No 10K and 10Q Within 5 days of SEC filing Yes No (as applicable) A/R & A/P Agings Monthly within 20 days Yes No A/R Audit Initial and Annual Yes No FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ------------------ -------- ------ -------- Maintain on a Monthly Basis: Adjusted Quick Ratio 1 1.25:1.00 _____:1.00 Yes No Minimum Tangible Net Worth 2 $7,000,000 $_____ Yes No Minimum Liquidity 3 or 1.50:1.00 or _____:1.00 Yes No Debt Service Coverage 4 1.50:1.00 Maintain on a Quarterly Basis: Profitability/Loss 5 > $1.00 $_____ Yes No
Reporting Covenant. (a) Unless the Company has filed the financial statements referred to in (i) and (ii) below with the Commission in accordance with Section 1.11(b), the Company shall post on its public website:
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