Applicable Covenants definition

Applicable Covenants means, in connection with any determination required to be made by the Company with respect to its ability to comply with the Financial Covenants, the covenants set forth therein that are applicable at the time of determination.

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Applicable Covenants means, in connection with any determination required to be made by the U.S. Borrower with respect to its ability to comply with the covenants set forth in Section 9.01 through 9.03 inclusive, the Revolving Facility A Financial Covenants (but only to the extent that there is any Revolving A Credit Exposure on the date of determination after giving effect to the event giving rise to the need for compliance) and, in any case, the Revolving Facility B Financial Covenants.

Examples of Applicable Covenants in a sentence

Tenant represents to Landlord that attached as Exhibit A hereto is the true and complete copy of Amendment No. 9 which includes the Applicable Covenants as in effect on the Effective Date.
Tenant shall not violate the terms of any covenants or restrictions of record in effect prior to the date of this Lease and of which Tenant has received written notice (the "Applicable Covenants and Restrictions").
F.Y.I. and the other Loan Parties (by their execution below) hereby agree with Agent and the Lenders that the approval contained in clause (a) above shall not be deemed (i) an approval of the departure from any Applicable Covenants with respect to any transaction other than the Dissolution or (ii) a waiver of any other covenant or condition in any Loan Document or (iii) a waiver of any Event of Default.
Each of the Lenders hereby consents to F.Y.I's and its Subsidiaries' non-compliance with the Applicable Covenants as specifically described above solely for the purpose of allowing the Dissolution to occur and agrees that such non-compliance with the Applicable Covenants (and only the Applicable Covenants) will not result in an Event of Default under the Credit Agreement.
The Borrower, the Obligated Parties and North Central (collectively the "Loan Parties") have requested that the Lenders waive the Defaults arising as a result of the failure of the Borrower to comply with the Applicable Covenants with respect to the transactions specifically described in clauses (a), (b) and (c) of this Section 3.1 (the "HBS Transactions").
The failure to comply with the Applicable Covenants for any other purpose at any other time shall constitute an Event of Default.
The consent set forth herein shall not be deemed a consent to the departure from or waiver of (a) the Applicable Covenants for any purpose other than as described herein, (b) any other covenant or condition in any Loan Document or (c) any Event of Default that otherwise may arise as a result of the formation of HHC Services and its acquisition of aircraft.
On the Closing Date, Seller shall assign to the Companies, or designate the Companies as intended third beneficiaries under, any Applicable Covenants previously made to Seller (or any of its Affiliates other than the Companies) by any Company Employee in a written Employment Agreement, Purchase Agreement or other Contract.
Subject to the satisfaction of the conditions precedent described in Article IV hereof, each of the undersigned Banks consent to the Obligated Parties’ departure from the Applicable Covenants as specifically described above for purposes described herein and agree that such departure will not result in an Event of Default under the Agreement.
The Seller shall be in compliance with all Applicable Covenants (for so long as the related Other Financing Documents are in effect), shall provide to the Agent on the last day of each month a compliance certificate indicating, in reasonable detail, such compliance, and shall give the Agent notice within one (1) Business Day of the Seller’s discovery thereof, of any non-compliance with any Applicable Covenant.

More Definitions of Applicable Covenants

Applicable Covenants means, collectively, (w) Sections 8.08(a), 8.09, 8.10 and 8.11 of the Credit Agreement as amended and restated in Amendment No. 9 thereto, (x) any comparable provisions included in any Replacement Credit Agreement, (y) subject to Paragraph 33(a) of the Lease, any amendment, modification or waiver thereof and (z) in each case, the related defined terms used in the Credit Agreement or Replacement Credit Agreement, as the case may be.

Applicable Covenants means (i) any covenant to refrain from engaging in or otherwise competing with the business of owning, managing, operating and/or exploiting ATM’s and (ii) any covenant to refrain from soliciting the employees of the Companies or any employees of Seller that are engaged in the business of owning, managing, operating and/or exploiting ATM’s.