Examples of Financial Maintenance Covenants in a sentence
Borrower shall be in compliance with the Financial Maintenance Covenants on a Pro Forma Basis as of the most recent Calculation Date (calculated in accordance with Section 2.12(b)(v) of the Credit Agreement) and the Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower demonstrating the calculations thereof in reasonable detail.
The Banks, subject to each of the following provisions of this Waiver and Amendment No. 1, agree to: (A) waive the Borrower's compliance with the Leverage Ratio Covenant and Interest Coverage Ratio Covenant for the fiscal quarter ending March 31, 2001, and (B) for the Measurement Date on June 30, 2001 only, replace the Financial Maintenance Covenants contained in Section 6.01(a), (b), (c) and (d) with the following Operating Income (Loss) Test.
Financial Maintenance Covenants: None (same as set forth in the Credit Agreement).
The State Public Sector Undertakings / Boards should not propose upgradation of any post in any higher scales of pay than the corresponding revised scales prescribed for the existing scales of pay without prior approval of the Government.
The financial maintenance covenants set out in Clause 13.20 (Financial Maintenance Covenants) are met, please see the calculations and figures in respect of the ratios attached hereto.