Maintenance Covenants definition

Maintenance Covenants means the maintenance covenants set out in Clause 12.1 (Maintenance Covenants).
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Maintenance Covenants means the financial maintenance covenants as set out in Clause 13.1 (Maintenance test).
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Maintenance Covenants means the maintenance covenants set out in Clause 13.1.
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Examples of Maintenance Covenants in a sentence

  • All disputes arising under or relating to the Franchise Maintenance Covenants, or the breach or threatened breach thereof, shall be settled by an action or proceeding in a court of competent jurisdiction.

  • All disputes arising under or relating to the Franchise Maintenance Covenants, or the breach or threatened breach thereof, shall be settled by a Proceeding in a court of competent jurisdiction.

  • If, upon a breach of the Franchise Maintenance Covenants, the equitable remedies provided for in Section 6.4 herein are unavailable for any reason, each of the County and the ECSC shall be entitled to pursue all other legal and equitable remedies against the Bills, whether or not such other remedies are specifically set forth in this 2013 Stadium Lease.

  • The Franchise Maintenance Covenants shall terminate upon the expiration or earlier rightful termination or cancellation of the Term; provided, however, that no such termination or cancellation shall relieve StadCo and/or the Bills of any obligation or liability arising or accruing pursuant to this Article 6 prior to the date of such termination or cancellation.

  • 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.

  • 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 Franchise Maintenance Covenants shall terminate upon the expiration or earlier rightful termination or cancellation of the Term; provided, however, that no such termination or cancellation shall relieve the Bills of any obligation or liability arising or accruing pursuant to this Article 6 prior to the date of such termination or cancellation.

  • The Borrower undertakes to the Lender at all times to comply and to procure compliance with the operational and maintenance covenants set out in schedule 5 (Operational and Maintenance Covenants).

  • The Issuer has failed to comply with any of the Maintenance Covenants unless a Cure Amount has been paid to the Cure Account within twenty Business Days of a delivery of the relevant Compliance Certificate evidencing the breach, in accordance with Clause 13.5 (Equity cure).

  • If, upon a breach of the Franchise Maintenance Covenants, the equitable remedies provided for in Section 6.4 herein and the liquidated damages provided for in the Non- Relocation Agreement are unavailable for any reason, each of the County and ECSC shall be entitled to pursue all other legal and equitable remedies against StadCo and/or the Bills, whether or not such other remedies are specifically set forth in this Stadium Lease.


More Definitions of Maintenance Covenants

Maintenance Covenants means the financial covenants set forth in Condition 13.1 (Maintenance Covenants).
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Maintenance Covenants means the financial covenants set forth in Section 7.17.
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Maintenance Covenants means the maintenance covenants set out in Clause 11.1 (Maintenance Covenant).
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Maintenance Covenants means the maintenance covenants set out in Clause 14.1. "Margin" 7.85 per cent. per annum.
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Maintenance Covenants means the financial maintenance covenants Interest Coverage Ratio as set out in Clause 13.1 (Maintenance test).
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Maintenance Covenants means the maintenance covenants set out in Clause 14.1. "Margin" 7.85 per cent. per annum.
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Related to Maintenance Covenants

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Negative Covenants The Postpetition Financing Documents shall contain negative covenants of the Borrower acceptable to the Lender.

  • Debt Service Requirements means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers.

  • Operation and Maintenance Costs means the costs of:

  • Debt Service Requirement means the sum of (i) interest expense (whether paid or accrued and including interest attributable to Capital Leases), (ii) scheduled principal payments on borrowed money, and (iii) capitalized lease expenditures, all determined without duplication and in accordance with GAAP.

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

  • Environmental covenant means a servitude arising under an environmental response project that imposes activity and use limitations.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.