Financial Covenant Test means a test that will be satisfied on any date of determination if:
Financial Covenant Test means a test that will not be satisfied if as of the last day of any fiscal quarter, Gxxxx Capital BDC, Inc. fails to maintain GAAP net assets (as reflected in its 10Q or 10K without any deductions) in an amount at least equal to $250,000,000, as increased by 50% of the net proceeds of any equity offerings by Gxxxx Capital BDC, Inc. consummated after the Closing Date (excluding, for the avoidance of doubt, any net proceeds of any equity offerings by Gxxxx Capital BDC, Inc. in connection with any merger consummated in accordance with Section 5.04(a)).
Financial Covenant Test means each of the Consolidated Tangible Net Worth Test and the Leverage Test. The covenant set forth in Section 9.3 shall not constitute a Financial Covenant Test.
Examples of Financial Covenant Test in a sentence
When applying any baskets, monetary limits, thresholds and other exceptions to the representations and warranties, undertakings and Events of Default under the Finance Documents (but for the avoidance of doubt, not the Financial Covenant Test), the equivalent to an amount in the Base Currency shall be calculated as at the date of the Group incurring or making the relevant disposal, acquisition, investment, lease, loan, debt or guarantee or taking any other relevant action.
Liabilities to Assets Ratio as at the end of each Relevant Period ending on or after the First Financial Covenant Test Date shall not exceed 80%.
More Definitions of Financial Covenant Test
Financial Covenant Test means a test that will be satisfied on any date of determination if the Transferor maintains (i) Unrestricted Cash plus (ii) Unpledged Capital Commitments plus (iii) Retained Principal Distributions plus (iv) undrawn commitments under credit facilities, in an aggregate amount in excess of 5% of the total indebtedness of the Transferor and its Subsidiaries.
Financial Covenant Test means a test that will be satisfied on any date of determination if the Equityholder maintains a Net Asset Value of at least $1,000,000,000.
Financial Covenant Test means a test that will be satisfied as of the last day of any fiscal quarter of the Parent if:
Financial Covenant Test means a test that will be tested on each date that the Servicer delivers the financial statements of the Parent to the Administrative Agent in accordance with Section 6.08(d) and will be determined as of the last day of the related fiscal quarter of the Parent so long as Advances Outstanding are greater than zero on such date and will be satisfied on any such date if:
Financial Covenant Test means a test that will not be satisfied if as of the last day of any fiscal quarter, Golub Capital BDC, Inc. fails to maintain GAAP net assets (as reflected in its 10Q or 10K without any deductions) in an amount at least equal to $250,000,000, as increased by 50% of the net proceeds of any equity offerings by Golub Capital BDC, Inc. consummated after the Closing Date (excluding, for the avoidance of doubt, any net proceeds of any equity offerings by Golub Capital BDC, Inc. in connection with any merger consummated in accordance with Section 5.04(a)).
Financial Covenant Test means, subject to Clause 1.7 (Initial determination of Consolidated Total Net Leverage Ratio) in respect of any Relevant Period and the Quarter Date falling at the end thereof, the Maximum Consolidated Total Net Leverage Ratio specified therefor in Clause 26.2 (Financial condition).
Financial Covenant Test means each or any (as the context requires) of the Consolidated Tangible Net Worth Test, the Leverage Test, the Interest Coverage Test, the Fixed Charge Coverage Test, Dividend Payout Test, and Land Holding Test, each as defined in Article IX and measured on a current quarterly basis from time to time by the Agent, based on the financial statements and information delivered to Agent pursuant to Section 7.1 or Section 7.3.