FINANCIAL RESTRICTIONS. The Borrower shall promise to comply with the following items, on and after the date of this Agreement, and until this Agreement is terminated and the Borrower completes the performance of all of its obligations under this Agreement to each Lender and the Agent.
FINANCIAL RESTRICTIONS. On and after the date hereof, until all of the Bank Obligations shall have been paid in full and the Banks shall have no commitments to lend hereunder, the Loan Parties shall observe the following covenants:
FINANCIAL RESTRICTIONS. A Partner may withdraw from the ---------------------- Partnership, and a Notice of Withdrawal will be considered effective for purpose of triggering a Withdrawal under this Section 11.2, only if, as of the close of business on the last day of the calendar quarter immediately preceding the calendar quarter in which the Withdrawal is to be effective as specified in the Notice of Withdrawal, the principal amount of the Partnership's Long-Term Debt is no greater than 6 times (i.e., 600% of) the aggregate amount of the Partnership's Operating Cash Flow for the four calendar quarters immediately preceding the calendar quarter in which the Notice of Withdrawal is to be effective [Long-Term Debt (6 x Operating Cash Flow for the four preceding calendar quarters)].
FINANCIAL RESTRICTIONS. On and after the date hereof, until all of the Lender Obligations shall have been paid in full, the Borrower shall cause Borrower and its Subsidiaries to observe the following covenants:
FINANCIAL RESTRICTIONS. 34 Section 7.1. Consolidated Tangible Net Worth.........................................................34 Section 7.2. Cash Flow Coverage Ratio................................................................34 Section 7.3. Ratio of Consolidated Liabilities to Consolidated Tangible Net Worth....................35 Section 7.4. Profitability...........................................................................35 Section 7.5. Operating Cash Flow.....................................................................35 Section 7.6. Capital Expenditures....................................................................36 Section 7.7. Consolidated Leverage Ratio.............................................................36 Section 7.8. Consolidated Adjusted EBITDA............................................................36 ARTICLE 8.
FINANCIAL RESTRICTIONS. The parties agree that the payment of any fringe benefit, except for salaries, hospitalization, prescription, dental, sick leave, bereavement leave, personal days and vacation will be paid only if sufficient funding is available, at the discretion of the Director, upon approval of the Ocean County Board of Social Services. The Director agrees to notify the Union as soon as the Agency becomes aware, but not less than ninety (90) calendar days in advance of any decision the Director may make to withhold payment of a fringe benefit on the basis that insufficient funding is available.
FINANCIAL RESTRICTIONS. A Partner may withdraw from the Partnership, and a Notice of Withdrawal will be considered effective for purpose of triggering a Withdrawal under this Section 12.1, only if, as of the close of business on the last day of the calendar quarter immediately preceding the calendar quarter in which the Withdrawal is to be effective as specified in the Notice of Withdrawal, the principal amount of the Partnership's Long-Term Debt is no greater than 6 times (i.e., 600%) of the amount of the Partnership's Operating Cash Flow for the four calendar quarters then ended [Long-Term Debt (less than or equal to) (6 x Operating Cash Flow for the four calendar quarters then ended)].
FINANCIAL RESTRICTIONS. 47 Section 7.1. Consolidated Fixed Charge Coverage Ratio.......................................47 Section 7.2 Minimum Net Worth..............................................................47
FINANCIAL RESTRICTIONS. ..34 Section 7.01 Maximum Total Leverage Ratio............................34 Section 7.02 Total Fixed Charge Coverage Ratio.......................34
FINANCIAL RESTRICTIONS. The Company shall not (i) engage in any risky financial investments, (ii) use hedging, derivative or other risky financial techniques or (iii) borrow money for operations or capital requirements, unless unanimously approved by the Board of Directors.
