Bank Covenants definition

Bank Covenants means the agreed performance guidelines set for your Bank Facilities (if any);
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Bank Covenants means the agreed performance guidelines set for your BankFacilities (if any);
Sample 1Sample 2Sample 3
Bank Covenants means the covenants contained in any agreements, instruments or documents under which the Company or its subsidiaries have or are permitted to borrow funds, the compliance of which will be determined by the Company’s Compensation Committee or its designee in the Compensation Committee’s sole discretion.
Sample 1

Examples of Bank Covenants in a sentence

  • Without limiting Clauses 4.1 and 9.1 in the Standard Terms, if you have exceeded your Maximum PoA Limit you must within 14 days of our request disclose to us such other financial information as we reasonably require about you (including information about your monthly management accounts, Bank Covenants, Bank Facilities and your and your partners and/or directors loan agreements and details of other assets and liabilities) and about Contract Work (and any other work secured by us).

  • Bond Bank Covenants The Bond Bank covenants and agrees that it will faithfully perform at all times any and all covenants, undertakings, stipulations and provisions contained in the Indenture, in any and every Bond executed, authenticated and delivered under the Indenture and in all of its related proceedings.

  • The margins attributable to these Revolving Credit Facilities mirror those attributable to the revised term loan facilities.During the year the Group comfortably met the Bank Covenants attached to the banking facilities.

  • Staff also completed four thematic reviews on Bank Covenants, Income Tax reporting, Business Combinations and the impact of IFRS 15 on Revenue from Contracts with Customers.

  • Following questions, it was confirmed that:• Creditors had increased due to the profile of funding;• Debtors had increased due to activity within the first term;• The ESFA Other Income of £164k related to the grant towards the increase in teachers pension costs and that this would not automatically reoccur; and• The Bank Covenants had been met within the period.

  • Borrower and/or Guarantor acknowledges and agrees that if Borrower and/or Guarantor is not in compliance with any Xxxxx Fargo Bank Covenants and fails to either cure or have such noncompliance waived within sixty (60) days of the end of such quarter, Borrower and/or Guarantor shall be in default hereunder.

  • The Finance and Resources Committee considered a paper [Paper M76] by the Chief Financial Officer on OfS Approval of Financial Forecasts and Update on Bank Covenants and Associated Risk Appetite Statement.

  • After the completion of this Offering but before the conversion of any Notes or exercise of any Warrants, the Company’s Directors and executive officers together with their affiliates, will own or control an aggregate of approximately 25% of the then outstanding Common Stock.

  • Several causes of building failure had been attributed to either natural or man-made phenomena.

  • The Vice Principal: Finance and Corporate Services explained that following the reforecast, the College’s Financial Health would remain as Good, the Staff to Income ratio was 65.4%, the FE Commissioner’s operating surplus was forecast to be slightly below the 3% target, and the Bank Covenants were within the parameters although close to the Operational Leverage.


More Definitions of Bank Covenants

Bank Covenants means the agreed performance guidelines set foryour Bank Facilities (if any);
Sample 1

Related to Bank Covenants

  • Covenants means the covenants set forth in Section 4 of this Agreement. To acknowledge your agreement to and acceptance of the terms and conditions of this Agreement, please sign below in the space provided within five (5) days of the date of this Agreement and return a singed copy to my attention. If the Agreement is not signed and returned within (5) days, the terms and conditions of this Agreement will be deemed withdrawn. Sincerely, MEDQUIST INC. By: /s/ Xxxx Xxxxxxx Xxxx Xxxxxxx, President Accepted and Agreed: /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Transfer fee covenant means a declaration or covenant purporting to affect real property which requires or purports to require the payment of a transfer fee to the declarant or other person specified in the covenant or declaration, or to their successors or assigns, upon a subsequent transfer of an interest in the real property.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Financial Covenant means the covenant set forth in Section 7.09.

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).

  • Maintenance Covenant A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, that exists regardless of whether or not such borrower has taken any specified action and includes a covenant that applies only when the related loan is funded.

  • Environmental covenant means a servitude arising under an environmental response project that imposes activity and use limitations.

  • Forbearance Period means the period between the Effective Date and the Termination Date, inclusive.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • Restrictive Covenant has the meaning set forth in Section 6(c).

  • (2) In this subsection, the term fundraising’ means