Breach of Financial Covenants. A breach of any Financial Covenant shall have occurred; or
Breach of Financial Covenants. Borrower shall fail to satisfy any covenant set forth in Article IX and such failure shall continue for forty (40) days after Borrower's knowledge thereof.
Breach of Financial Covenants. Borrower shall (i) fail to satisfy any financial covenant set forth in Article 8 other than the financial covenants set forth in Sections 8.3, 8.4 and 8.6, and such failure shall continue for thirty (30) days, or (ii) fail to satisfy any of the financial covenants set forth in Section 8.3, 8.4 or 8.6 (as to which there shall be no cure period).
Breach of Financial Covenants. If there is a breach in the performance or observance of any of the covenants or agreements in Section 14.2 or Section 14.3(h).
Breach of Financial Covenants. The Issuer fails to fulfil any requirement of paragraph (d) (Financial covenants) of Clause 13.5 (Preservation of equity and financial covenants) provided that a breach of the minimum Interest Coverage Ratio set out therein shall not constitute an Event of Default under this Bond Agreement if:
Breach of Financial Covenants. (i) Borrower shall fail to satisfy any financial covenant set forth in Article IX (other than the requirements in Section 9.2, 9.4, 9.5, 9.6 and 9.8) and such failure shall continue for sixty (60) days; or (ii) Borrower shall fail to satisfy any financial covenant set forth in Section 9.4, 9.5 or 9.6 as of the last day of any Fiscal Quarter and as of the last day of each of the next two calendar months (determined, in each of the latter cases, on the basis of the three-month period ended as of such date); or (iii) Borrower shall fail to satisfy the financial covenant set forth in Section 9.2 at any time.
Breach of Financial Covenants. A breach of any Financial Covenant, it being acknowledged that the shareholders of Holdco will have the right (exercisable on not more than four occasions and no cures in respect of consecutive Relevant Periods) to cure breaches of a Financial Covenant for a Relevant Period by the contribution of additional equity/subordinated loans to the Borrower (through Holdco and the Parent) in an amount not exceeding the amount sufficient to cure the breach (each, a “Cure Amount”) within 20 Business Days after the date of delivery of the financial statements relating to the period ending on the last day of such Relevant Period (or, if earlier, such date by which such financial statements are required to be delivered under the Facility Agreement). For the purposes of determining compliance with the Financial Covenants only (but not for any other purpose including determining any compliance/pro forma compliance with Financial Covenants for the purposes of Permitted Distributions and Permitted Acquisitions), any such Cure Amount shall be deemed for the Relevant Period to which such breach relates, to be (for the purposes of Adjusted Leverage) deducted from the amount of Total Net Debt and (for the purposes of Liabilities to Assets Ratio) deducted from the amount of Total Liabilities.
Breach of Financial Covenants. The financial covenants set out in Clause 23.3 (Minimum liquidity) to 23.8 (Capital Expenditure) (both inclusive) are not complied with.
Breach of Financial Covenants. An Obligor does not comply with any provision of Clause 22.2 (Financial Covenants).
Breach of Financial Covenants if the Borrower fails to observe or perform any of the financial covenants set out in Section 8.2(p);
