Special Financial Covenants Sample Clauses

Special Financial Covenants. Borrower hereby covenants and agrees that, as long as any Obligations remain unpaid or the Commitment hereunder is outstanding, the following special financial covenants shall be applicable to Borrower and tested monthly at the end of each calendar month as set forth below:
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Special Financial Covenants. (a) (Minimum Net Worth) ensure and procure that throughout the Security Period, the Minimum Net Worth as measured as of each Compliance Date during the Security Period by reference to the Applicable Accounts will not at any time be less than $ 150,000,000 million;
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Special Financial Covenants. On the Closing Date, the reserve for loan losses then maintained by NBC shall adequately provide for the anticipated loan losses of NBC as of such date in accordance with accepted audit, bank examination and bank regulatory standards. Further, the tangible assets of Company, excluding NBC, shall have a fair market value equal to or greater than its liabilities.
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Special Financial Covenants. In addition to the covenants provided in clause 20 (Financial Covenants) and 20A (Additional Financial Covenants), the Borrower shall also need to comply with the following special financial covenants for the financial year ending March 2013:
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Special Financial Covenants. As used herein, the following definitions shall have the following meanings:
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Special Financial Covenants. On the Closing Date, the reserve for loan losses then maintained by Bank shall adequately provide for the anticipated loan losses of Bank as of such date in accordance with accepted audit, bank examination and bank regulatory standards. Further, the tangible assets of Bank, shall have a fair market value equal to or greater than its liabilities.
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Special Financial Covenants. ..58 Section 7.1 Special Financial Covenants; Applicable to Premier Lending..................................58 Section 7.2 Special Financial Covenants Applicable to Premier Bancshares and Premier Bank..............58
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Special Financial Covenants. 3.1 The Borrower shall not make any loans to or for the benefit of any shareholder of the Borrower.
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Special Financial Covenants 
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Related to Special Financial Covenants

  • 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:

  • Special Covenants Borrower covenants and agrees that:

  • FINANCIAL COVENANTS OF THE BORROWER The Borrower covenants and agrees that, so long as any Loan, Unpaid Reimbursement Obligation, Letter of Credit or Note is outstanding or any Bank has any obligation to make any Loans or the Agent has any obligation to issue, extend or renew any Letters of Credit:

  • Certain Financial Covenants The Borrower will not:

  • Financial Covenants Section 4.01. (a) The Borrower shall maintain or cause to be maintained records and accounts adequate to reflect in accordance with sound accounting practices the operations, resources and expenditures in respect of the Project of the departments or agencies of the Borrower responsible for carrying out the Project or any part thereof.

  • Financial Covenant So long as any Loan shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of Consolidated Debt to Consolidated Capital of not greater than 0.65 to 1.00 as of the last day of each fiscal quarter.

  • Financial Covenant Calculations The parties hereto acknowledge and agree that, for purposes of all calculations made in determining compliance for any applicable period with the financial covenants set forth in Section 5.9 and for purposes of determining the Applicable Percentage, (i) after consummation of any Permitted Acquisition, (A) income statement items and other balance sheet items (whether positive or negative) attributable to the Target acquired in such transaction shall be included in such calculations to the extent relating to such applicable period, subject to adjustments mutually acceptable to the Borrower and the Administrative Agent and (B) Indebtedness of a Target which is retired in connection with a Permitted Acquisition shall be excluded from such calculations and deemed to have been retired as of the first day of such applicable period and (ii) after any asset disposition permitted by Section 6.4, (A) income statement items, cash flow statement items and balance sheet items (whether positive or negative) attributable to the property or assets disposed of shall be excluded in such calculations to the extent relating to such applicable period, subject to adjustments mutually acceptable to the Borrower and the Administrative Agent and (B) Indebtedness that is repaid with the proceeds of such asset disposition shall be excluded from such calculations and deemed to have been repaid as of the first day of such applicable period.

  • Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________

  • to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated:

  • Compliance with Financial Covenants Schedule A attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct.

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