Covenant definition

Covenant means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy.

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Covenant means covenant referred to in section 15;

Covenant has the meaning specified in the introduction to this instrument.

Examples of Covenant in a sentence

Until the Covenant Release Date, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, any securities of the Company without the prior express written consent of the Buyers.
During the continuance of a Financial Covenant Triggering Event and measured on a trailing twelve (12) month basis at the end of each Fiscal Quarter, commencing as of the end of the Fiscal Quarter immediately preceding the date on which a Financial Covenant Triggering Event first occurs and as of each Fiscal Quarter end thereafter, the Borrowers will not permit the Fixed Charge Coverage Ratio to be less than 1.00:1.00.
Until the Covenant Release Date, the Company shall not be party to any Fundamental Transaction (as defined in the Notes) unless the Company is in compliance with the applicable provisions governing Fundamental Transactions set forth in the Notes.
Until the Covenant Release Date, the Company and each Subsidiary shall be prohibited from effecting or entering into an agreement to effect any Subsequent Placement involving a Variable Rate Transaction (other than a Permitted VRT).
In any case in which the Holder is DTC or its nominee, any Position Representation or Verification Covenant required hereunder shall be provided by the beneficial owner of the Notes in lieu of DTC or its nominee.

More Definitions of Covenant

Covenant means a covenant, condition, limitation or restriction in a document or instrument recorded in the Public Records at Date of Policy.

Covenant means a recorded agreement stating certain activities and/or practices are required or prohibited.

Covenant means a covenant (including a promise not under seal) annexed to or running with an estate or interest in land (whether at law or in equity and whether or not for the benefit of other land), and "proposed covenant" has a corresponding meaning;

Covenant means a legal promise or obligation to do something.

Covenant means the Covenant by the National Government to respect the 5 provisions of the Olympic Charter and to meet the requirements set by the for

Covenant. Not to exceed 60%; provided, however, that for up to two consecutive fiscal quarters following a Material Acquisition, the Unsecured Leverage Ratio may increase to, but shall not exceed, sixty-five percent (65%).

Covenant means the agreement of 2 July 1999 called The National Packaging Covenant and mentioned in the UPM-NEPM.