Financial testing. Subject to Clause 26.4 (Champions League Non Qualification Event) below, the financial covenant set out in Clause 26.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested by reference to each of the financial statements delivered pursuant to paragraphs (a) and (b) of Clause 25.1 (Financial statements) and/or each Compliance Certificate delivered pursuant to Clause 25.2 (Provision and contents of Compliance Certificate).
Appears in 4 contracts
Sources: Revolving Facility Agreement (Manchester United PLC), Revolving Facilities Agreement (Manchester United PLC), Revolving Facility Agreement (Manchester United PLC)
Financial testing. Subject to Clause 26.4 28.4 (Champions League Non Qualification Event) below, the financial covenant set out in Clause 26.2 28.2 (Financial condition) shall be calculated in accordance with the Accounting Principles GAAP and tested by reference to each of the financial statements delivered pursuant to paragraphs (a) and (b) of Clause 25.1 27.1 (Financial statementsStatements) and/or each Compliance Certificate delivered pursuant to Clause 25.2 27.2 (Provision and contents of Compliance Certificate).
Appears in 3 contracts
Sources: Term Facility Agreement (Manchester United PLC), Term Facility Agreement (Manchester United PLC), Term Facility Agreement (Manchester United PLC)