Guarantor Financial Covenants definition

Guarantor Financial Covenants means those covenants set forth in Section 5.2 of the Guaranty.

Guarantor Financial Covenants shall have the meaning set forth in the Guaranty.

Guarantor Financial Covenants means the requirements set forth in Section 6.09(c) to (f).

Examples of Guarantor Financial Covenants in a sentence

• Each of the Guarantor Financial Covenants set forth in Sections 6.09(c) to (f) (inclusive) above shall be tested on each Determination Date by reference to each rolling twelve (12) month Measurement Period, and compliance shall be evidenced in the Compliance Certificates.

• Subject to the foregoing, including such replacement obligations, Tenant may sell, transfer, convey or otherwise dispose of Tenant’s Property in the ordinary course of Tenant’s business so long as the same does not make or result in any Encumbrances on the Demised Premises or result in an Event of Default, including any failure of Lease Guarantors to satisfy the Guarantor Financial Covenants.

• Guarantors shall at all times comply with the Guarantor Financial Covenants in accordance with Section 8.18 of the Loan Agreement.

• Each of the Guarantor Financial Covenants set forth in Sections 10.3(b) to (d) (inclusive) above shall be tested on each Determination Date by reference to each rolling twelve (12) month Measurement Period, and compliance shall be evidenced in the Compliance Certificates.

• The Borrower does not comply with clauses 21.1 (Borrower Financial Covenants) or 21.2 (Guarantor Financial Covenants) or the Guarantor does not comply with clause 21 (Financial covenants) of a Guarantee.

More Definitions of Guarantor Financial Covenants

Guarantor Financial Covenants. Collectively, the requirement that the Lease Guarantors maintain, on an aggregate basis: (a) at all times during the Term from and after April 30, 2022, a Tangible Net Worth of not less than the Minimum TNW (which Tangible Net Worth shall be measured as of the end of each fiscal quarter commencing with the fiscal quarter ending on April 30, 2022); and (b) at all times during the Term, Liquid Assets of not less than the Minimum Liquidity Amount.

Guarantor Financial Covenants. The meaning set forth in Section 6.1(i) hereof.

Guarantor Financial Covenants means: (1) any financial covenants of Campus Crest or its Affiliates in its capacity as a guarantor under any Acquisition Loan or Construction Loan or financing related to the Properties and that are contained in the applicable guaranty or loan documents related thereto, including, without limitation, any covenant requiring such guarantor(s) to maintain a minimum net worth or a minimum amount of liquid assets or any covenant or other obligation prohibiting a material adverse change in the financial condition of such guarantor; (2) any covenant relating to the delivery of any financial information, compliance certificates, tax returns or other financial information relating to Campus Crest or its Affiliates required to be delivered under the applicable guaranty or loan documents related thereto, and (3) the breach by Campus Crest or its Affiliates of any other representation or warranty contained in the applicable guaranty or loan documents related to any of the foregoing. In no event shall the Company or any Subsidiary be considered an Affiliate of Campus Crest for purposes of this Section 6.1.

Guarantor Financial Covenants has the meaning set forth in the Recourse Guaranty.

Guarantor Financial Covenants has the meaning provided in Section 8.18 of this Agreement.

Guarantor Financial Covenants. The covenants of Guarantor set forth in Section 16 of the Limited Payment Guaranty.

Guarantor Financial Covenants. Those certain covenants of Guarantor provided in: (i) Section 3.9 of the Guaranty-Carve-Out, (ii) Section 3.9 of the Guaranty-Completion or (iii) Section 3.9 of that certain Guaranty-General Payment. Guaranty (individually and/or collectively as the context may require): That or those instruments of guaranty, if any, now or hereafter in effect from Guarantor to Lender guaranteeing the repayment of all or any part of the Indebtedness, the satisfaction of, or continued compliance with, all or any portion of the Obligations or both, including, without limitation, that certain Guaranty-Carve-Out, Guaranty-Completion, and Guaranty-Repayment.