Financial Covenant definition

Financial Covenant means the covenant set forth in Section 7.09.

Financial Covenant means the covenant of the Borrower set forth in Section 6.11.

Financial Covenant means the financial covenant contained in Section 5.7.

Examples of Financial Covenant in a sentence

• No reasonable delay or failure to take action on the part of the Administrative Agent or any other Credit Party in exercising any right, power or privilege shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege or shall be construed to be a waiver of any Event of Default or Financial Covenant Event.

• Each of each Servicer, the Lenders and each assignee of a Loan or any interest therein, hereby covenants and agrees that it will not institute against, or join any other Person in instituting against, the Borrower any Relief Proceeding until one year and one day after the Final Payout Date; provided, that the Administrative Agent may take any such action in its sole discretion following the occurrence of an Event of Default or Financial Covenant Event.

• The option in Condition2.9 above shall be exercisable by the Noteholders by the delivery of a written notice (a Breach of Financial Covenant Redemption Notice) to the Issuer at its registered office within 30 (thirty) days after the occurrence of the Breach Event, unless prior to the delivery by that Noteholder of its Breach of Financial Covenant Redemption Notice the Issuer gives notice to redeem the Notes.

• Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower (so long as no Potential Default, Financial Covenant Event or Event of Default has occurred and is continuing), to appoint a successor, which shall be a bank with an office in New York, New York, or an Affiliate of any such bank with an office in New York, New York.

• In the event of any dispute in respect of any calculation relating to the Financial Covenants or any other calculations required in respect of any Financial Covenant, such dispute shall be determined by independent auditors, appointed by the Trustee (which auditors must be one of PricewaterhouseCoopers Inc., Ernst & Young, Deloitte & Touche Inc.

More Definitions of Financial Covenant

Financial Covenant means the covenant set forth in Section 6.08(a)(i).

Financial Covenant means any covenant or equivalent provision (including, without limitation, any default or event of default provision and definitions of defined terms used therein) requiring the Company:

Financial Covenant has the meaning specified in Section 7.14.

Financial Covenant means the covenant set forth in Section 8.20.

Financial Covenant the covenant set forth in Section 6.1.

Financial Covenant means collectively the Loan to Value Ratio, the Secured Properties Loan to Value Ratio, the Interest Cover Ratio and the Secured Properties Interest Cover Ratio;

Financial Covenant means the financial covenant applicable to the Borrower Parties from time to time pursuant to Section 8.8.