Maintenance Covenants definition

Maintenance Covenants means the maintenance covenants set out in Clause 12.1 (Maintenance Covenants).

Maintenance Covenants means the financial maintenance covenants as set out in Clause 13.1 (Maintenance test).

Maintenance Covenants means the financial covenants set forth in Condition 13.1 (Maintenance Covenants).

Examples of Maintenance Covenants in a sentence

• The Issuer has failed to comply with any of the Maintenance Covenants and such failure has not been cured in accordance with provisions for an Equity Cure in Clause 12.3 (Equity Cure).

• The Maintenance Covenants shall be calculated in accordance with the Accounting Principles applicable to the Issuer and tested by reference to each of the Financial Reports on each Reference Date with respect to the Reference Period ending on such Reference Date.

• Cov-Lite Loans typically do not have Maintenance Covenants but they usually have Incurrence Covenants in the same manner as a High Yield Bond.

• In addition, the lack of Maintenance Covenants may make it more difficult for lenders to trigger a default in respect of such Collateral Debt Obligations.

• Ownership of Cov-Lite Loans may expose the Issuer to greater risks, including with respect to liquidity, price volatility and ability to restructure loans, than is the case with loans that have Maintenance Covenants.

More Definitions of Maintenance Covenants

Maintenance Covenants means the financial maintenance covenants as set out in Clause 12.1 (Maintenance Test).

Maintenance Covenants means the maintenance covenants set out in Clause 13.1.

Maintenance Covenants means the financial covenants set forth in Section 7.17.

Maintenance Covenants means the maintenance covenants set out in Clause 11.1 (Maintenance Covenant).

Maintenance Covenants means the financial maintenance covenants Interest Coverage Ratio as set out in Clause 13.1 (Maintenance test).

Maintenance Covenants means the maintenance covenants set out in Clause 14.1. "Margin" 7.85 per cent. per annum.