Covenant Requirement Sample Clauses

Covenant Requirement. The ratio of (C)(1) to (C)
Covenant Requirement. Consolidated GAAP Net Worth of the Borrower (line 5) shall be an amount greater than or equal to the amount shown in Item 6(v) below: (i) $31,000,000
Covenant Requirement. Recipient agrees to assume, after the completion of the project, the total cost of continued maintenance, repair and administration of the grant-assisted property in a manner satisfactory to the Secretary of the Interior. As applicable, these obligations include reasonable measures for the protection of the property, including from vandalism or destruction, which may include, as appropriate, monitoring and coordination with local authorities regarding a response to imminent threats. Accordingly, Recipient agrees to sign a Preservation Covenant with the State Historic Preservation Officer (SHPO). The term of the covenant must run from the end date of this agreement for [dn17] years [MBH18][dn19]. The covenant must be executed by registering it with the deed of the property. A photocopy of the executed covenant, stamped registered with the deed, must be submitted to the Program Administrator prior to release of the final grant payment by the Ohio History Connection.
Covenant Requirement. Adjusted Debt to Worth Ratio shall not be greater than 2.00 to 1.00, measured on a quarterly basis:
Covenant Requirement. Minimum Consolidated Net Worth
Covenant Requirement. Borrower Total Lot Inventory (excluding lots under option agreements) Borrower shall not own unsold lots under development and unsold developed lots in excess of an aggregate sum equal to two and one-half (2.5) times the number of lot sales and closings over the immediately preceding four (4) quarters for all residential housing projects owned by Borrower Borrower and its subsidiaries Maximum Total Liabilities-to-Tangible Net Worth Ratio (with the Total Liabilities to be exclusive of consolidated liabilities of variable interest entities) Not in excess of 3.25:1.0 Borrower Minimum Fixed Charge Coverage Not less than 2.0:1.0 Borrower Minimum Tangible Net Worth Not less than the sum of $200,000,000.00 plus 50% of all annual net profits after June 30, 2004 plus 75% of additional future equity offerings Borrower Minimum Liquidity Not less than $10,000,000.00
Covenant Requirement. (a) 90% of Tangible Net Worth as reported at 3/31/96: $ (b) 50% of Borrower's net income each fiscal year thereafter: $ (c) Proceeds of any initial public offering: $
Covenant Requirement. (a) Fiscal Year ending December 31, 1998 40% (b) Fiscal Year ending December 31, 1999 37.5% (c) Fiscal Year ending December 31, 2000 35% (d) Fiscal Year ending December 31, 2001 32% (e) Any Fiscal Year ending after December 31, 2001 30%

Related to Covenant Requirement

  • Reporting Covenant Required Complies Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statement (CPA Audited) FYE within 120 days Yes No Board Projections FYE within 30 days Yes No A/R & A/P Agings Monthly within 30 days Yes No Transaction Report Weekly; or Monthly within 30 days if Streamline Eligible Yes No Deferred Revenue Reports Monthly within 30 days Yes No

  • Agreement Requirements This agreement will be issued to cover the Janitorial Service requirements for all State Agencies and shall be accessible to any School District, Political Subdivision, or Volunteer Fire Company.

  • Service Requirement Except as otherwise provided in Section 6(e) of the Plan or Section 2 of this Agreement, this Option may be exercised only while you continue to provide Service to the Company or any Affiliate, and only if you have continuously provided such Service since the Grant Date of this Option.

  • Financial Covenant Required Actual Complies Maintain as indicated:

  • Payment Requirements ‌ A. Contract Amount: It is expressly agreed and understood that the total amount to be paid by County under this Contract shall not exceed the total County funding as set forth in Attachment B-Payment/Compensation to Subrecipient attached hereto and incorporated herein by reference. B. County will reclaim any unused balance of funds for reallocation to other County approved projects.