Debt Covenants definition

Debt Covenants means restrictions written into banking facilities and senior notes and loan agreements that prohibit the Company from taking certain actions that may negatively impact the interest of its lenders;
View Source
Debt Covenants means the financial covenants contained in Sections 10.2(11)(a) and 10.2(11)(b) of the Restated Credit Agreement by and among the Company, Royal Bank of Canada, and the Lenders named therein, dated as of October 5, 2017, and as amended from time to time.
View Source

Examples of Debt Covenants in a sentence

  • Subject to any Debt Covenant(s) to which the Company at the time may be bound, the Company shall distribute to all of the Members, in proportion to their respective Membership Interests, all or any portion of its Available Cash at such times and in such amounts as shall be determined by the Managing Member.

  • Such Special Stockholder Voting Rights shall be reinstated (as to any action of the Company thereafter being proposed) at the earlier of the time at which the Company (a) achieves the Performance Hurdles or (b) no longer reasonably believes it will be in default of the Senior Debt Covenants, as certified in writing to HMTF by the chief financial officer of the Company.

  • Subject to any Debt Covenant(s) to which the ------------- Partnership at the time may be bound, the Partnership may distribute to Partners, in proportion to their respective Partnership Interests, all or any portion of its Available Cash at such times and in such amounts as shall be determined by the Managing Partner.

  • Until the Termination Date, the Investor hereby waives its rights to consent to any Future Debt Incurrences by the Company that would otherwise be subject to the approval rights of the Investor pursuant to the Debt Covenants and the Investor hereby waives any notice rights pursuant to the Debt Covenants in connection with any such Future Debt Incurrences.

  • Debt Covenants Certain of the Company's subsidiaries' loan agreements contain restrictive covenants which limit the subsidiaries' ability to enter into arrangements for the acquisition of property and equipment, investments, mergers and the incurrence of additional debt.