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Covenant Default
Covenant Default contract clause examples

Beginning with the month ending ​ and for each month ending thereafter, Net Revenue for the trailing six-month period ending on each such date shall equal at least ​ of the Projected Net Revenue for such applicable six-month period. Parent shall provide Agent with such information as Agent may reasonably require in connection with its testing of this financial covenant.

Subject to [Section 7.21(c)], beginning with the quarter ending March 31, 2019 and for each fiscal quarter thereafter, Net Revenue for the trailing six-month period ending on each such date shall equal at least ​ of the Projected Net Revenue for such six-month period (the foregoing, the “Financial Covenant”).

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