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Compliance With Covenants
Compliance With Covenants contract clause examples
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Specific Covenants. The Borrower or any other Credit Party fails to perform or observe any term, covenant or agreement contained in any of [Section 8.2(a), 8.3(a), 8.5(a)])])] (with respect to the Credit Parties only), 8.10, 8.11, 8.12 or 8.18 or Article IX; or

Financial Covenants. The [[Organization A:Organization]] will not permit # the Interest Coverage Ratio as of the last day of any fiscal quarter of the [[Organization A:Organization]] to be less than 4.00:1.00 or # the Leverage Ratio as of the last day of any fiscal quarter of the [[Organization A:Organization]] following the Closing Date to be greater than # 5.75:1.00 from the Closing Date until and including March 31, 2019, and # 5.25:1.00 thereafter.

The Grantee acknowledges and agrees that, in consideration for the grant of the Restricted Stock Units, the Grantee remains subject to the non-competition, non-solicitation, confidentiality, inventions assignment, and non-disparagement provisions to the extent described in (including incorporated by reference into) Section 14 of the Employment Agreement, the Restrictive Covenants Agreement dated February 8, 2017 between the Grantee and the Company, the Company’s Code of Conduct (as defined in the Employment Agreement), and any other written agreements between the Company and the Grantee (collectively, the “Restrictive Covenants”).

Financial Covenants. Clauses [(b) and (c) of Section 8.12] of the Credit Agreement are hereby deleted in their entirety and the following are inserted in their stead:

Protective Covenants. In consideration of the Option granted under this Agreement, the Grantee covenants and agrees as follows (the “Protective Covenants”):

In consideration for the grant of the RSUs, continued employment with the Company, and other good and valuable consideration, the Grantee agrees to the following:

Negative Covenants. So long as the Note remains outstanding, [[Organization B:Organization]] shall not, without the prior written consent of the Lenders:

Covenants Several. In the event that any covenant of this Agreement shall be determined invalid or unenforceable and the remaining provisions can be given effect, then such remaining provisions shall remain in full force and effect.

Specific Covenants. The Borrower or any Restricted Subsidiary fails to perform or observe any term, covenant or agreement contained in any of # [Section 6.03(a), 6.05(a)])] (solely with respect to the Borrower), 6.08(a), 6.16(b) or [Article VII]; provided that # an Event of Default as a result of a breach of [Section 7.10(a)] is subject to cure pursuant to [Section 8.05(a) and (b), (ii)])])] an Event of Default as a result of a breach of [Section 7.10(c)] for failure to comply with [clause (y)] of the definition of Financing Source Diversification Requirements is subject to cure pursuant to [Section 8.05(c), (iii)])] an Event of Default as a result of a breach of [Section 7.10(c)] for failure to comply with clauses (A), (B), or (C) in the proviso to the definition of Financing Source Diversification Requirements is subject to cure pursuant to [Section 8.05(c)]; and # an Event of Default as a result of a breach of [Section 7.10(b)] is subject to cure pursuant to [Section 8.05(d) or (y)])] [Section 6.19] and such failure continues for five (5) Business Days; or

Restrictive Covenants. In order to induce Employer to enter into this Agreement, Executive hereby agrees as follows:

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