Key Covenants definition

Key Covenants is defined in Section 8.1(b).
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Key Covenants means the undertakings and covenants made by the Company as set out in Clause 7.5 (Security Cover Ratio), Clause 7.6 (Testing), and paragraph (a) (Permitted Company SRs) and paragraph (b) (Restricted Company SRs) of Clause 7.7 (Additional Security) of this Deed.
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Key Covenants means the covenants as set out in Clause 2.20 (Key Covenants) of Schedule 5 (Covenants and Undertakings) this Deed.
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Examples of Key Covenants in a sentence

  • The Parent and the Agent hereby further acknowledges that the Financial Covenant Breach constituted an Event of Default pursuant to Clause 25.2 (Key Covenants) of the Facility Agreement (the "Financial Covenant Event of Default").

  • Key Covenants The Indenture will contain covenants substantially consistent with the Existing Credit Facility with such changes as are customary and appropriate for similar convertible notes financings and the specific transactions contemplated.

  • The Issuer and/or the Asset SPV commit a default or breach in the performance or compliance of any of the Key Covenants.

  • Any breach in compliance with any obligations of any Obligors pursuant to the Key Covenants.

  • The Issuer and/or the Asset SPV commit a default or breach in the performance or compliance of any covenant or undertaking, other than the Key Covenants, contained in any REIT NCD Transaction Document and such breach or default (where capable of being remedied) is not remedied within 25 (twenty five) days of the occurrence of such breach or non-performance.

Related to Key Covenants

  • Covenants means the covenants set forth in Section 4 of this Agreement.

  • Affirmative Covenants The following affirmative covenants, among others, if any, to be negotiated in the Senior Facilities Documentation, will apply (to be applicable to the Borrower and its restricted subsidiaries), subject to customary (consistent with the Documentation Precedent) and other baskets, exceptions and qualifications to be agreed upon: maintenance of corporate existence and rights; performance and payment of obligations; delivery of annual and quarterly consolidated financial statements (accompanied by customary management discussion and analysis and (annually) by an audit opinion from nationally recognized auditors that is not subject to any qualification as to scope of such audit or going concern) (other than solely with respect to, or resulting solely from an upcoming maturity date under any series of indebtedness occurring within one year from the time such opinion is delivered) (with extended time periods to be agreed for delivery of the first annual and certain quarterly financial statements to be delivered after the Closing Date) and an annual budget (it being understood that the public REIT reporting that includes the Borrower shall satisfy the Borrower’s reporting obligations so long as it includes a consolidating income statement and balance sheet for the Borrower); delivery of notices of default and material adverse litigation, ERISA events and material adverse change; maintenance of properties in good working order; maintenance of books and records; maintenance of customary insurance; commercially reasonable efforts to maintain ratings (but not a specific rating); compliance with laws; inspection of books and properties; environmental; additional guarantors and additional collateral (subject to limitations set forth under the captions “Guarantees” and “Security”); further assurances in respect of collateral matters; use of proceeds; and payment of taxes.

  • Negative Covenants means any negative or similar restrictive covenant (including, without limitation, under Article 7) made by the Borrowers in this Agreement or in any other Loan Document.

  • Suspended Covenants has the meaning assigned to such term in Section 4.19.

  • Warrants means this Warrant and other Common Stock purchase warrants issued by the Company pursuant to the Registration Statement.