Xxxxxxxxx Covenants. So long as any Advance shall remain unpaid, any Letter of Credit shall be outstanding or any Lender Party shall have any Commitment hereunder, the Borrower will not:
Xxxxxxxxx Covenants. 18 11.1. Tangible Effective Net Worth ........................................................................ 18 11.2.
Xxxxxxxxx Covenants. Each Borrower and Guarantor covenants and agrees that, until indefeasible payment in full of the Obligations (other than contingent indemnification obligations not yet accrued and payable), Borrowers shall not:
Xxxxxxxxx Covenants. 20 11.1. Tangible Net Worth........................................................................................ 20 11.2.
Xxxxxxxxx Covenants. So long as any Advance or any other Obligation of any Loan Party under any Loan Document shall remain unpaid or any Lender shall have any Commitment hereunder, the Loan Parties will not permit:
Xxxxxxxxx Covenants. Borrower shall be in compliance with the required Debt Yield and Debt Service Coverage Ratio provided in Exhibit 4.16; however, for purposes of calculating such ratios, the pending DLOC Draw and all previous DLOC Draws will be deemed to have been outstanding for the 12 month time period preceding the funding of the pending DLOC Draw.
Xxxxxxxxx Covenants. Each Borrower covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations, Parent will comply with each of the following financial covenants:
Xxxxxxxxx Covenants. 9.1[***].
Xxxxxxxxx Covenants. (a)The Borrower shall maintain Unrestricted Cash of not less than Twenty Five Million Dollars ($25,000,000) at all times.The Administrative Agent and the Borrower acknowledge that the foregoing financial covenant was established by the Administrative Agent and the Borrower on the basis of the Business Plan delivered to the Administrative Agent on the Closing Date, after leaving a margin in favor of the Borrower which the Administrative Agent and the Borrower have agreed is fair. Accordingly, the Administrative Agent and the Borrower have agreed that any failure by the Borrower to comply with the terms of such Financial Covenant shall be deemed material for purposes of this Agreement.
