Examples of Specified Financial Covenants in a sentence
Upon the receipt of Curative Equity pursuant to this Section 8.02 and inclusion of such Curative Equity in the calculation of the Specified Financial Covenants as deemed Consolidated EBITDA for any fiscal quarter pursuant to this Section 8.02, then no Event of Default solely with respect to determining compliance with the Specified Financial Covenants for such fiscal quarter shall be deemed to have occurred.
For the avoidance of doubt, Borrower shall comply with Section 10.01 at all times and this Section 10.03 shall apply only to the Specified Financial Covenants.
Specified Financial Covenants shall mean, collectively, the Quarterly Tested Financial Covenants and the Monthly Tested Financial Covenant.
Upon delivery of a Compliance Certificate pursuant to Section 10.1.2(d) conforming to the requirements of this Section, any Event of Default that is continuing from a breach of any of the Specified Financial Covenants shall be deemed cured with no further action required by the Lenders.
A decision on whether the Swedish securities market will connect to T2S or not is a strategically important decision in this context.