Example ContractsClausesDuring the Financial Covenant Restricted Period
During the Financial Covenant Restricted Period
During the Financial Covenant Restricted Period contract clause examples

. During the Financial Covenant Restricted Period, Borrower shall not, and shall cause each Restricted Subsidiary not to:

From and after the Financial Covenant Restricted Period Termination Date:

From and after the Financial Covenant Restricted Period Termination Date:

Financial Covenant. The Borrower shall not permit the Debt to Capitalization Ratio as of, and determined as of, the last day of each fiscal quarter and expressed as a percentage, to exceed 50%.

Disclosures During Restricted Period. Executive will provide a copy of this Agreement with all compensation terms redacted to any person or entity with whom Executive may enter into a business relationship, whether as an employee, consultant, partner, coventurer or otherwise, prior to entering into such business relationship during the Restricted Period only.

Financial Covenant. Parent shall achieve the following:

The Restricted Period. At the time an award of restricted stock is made, the Committee shall establish a period of time during which the transfer of the shares of restricted stock shall be restricted and after which the shares of restricted stock shall be vested (theRestricted Period”). The Restricted Period shall be a minimum of three years with incremental vesting of portions of the award over the three-year period permitted (provided, however, that no portion of the award may vest prior to the first anniversary of the date of grant), with the following exceptions:

Financial Covenant. Permit Excess Availability at any time to be less than the greater of # ten percent (10%) of the Combined Loan Caps (with the Loan Cap calculated without giving effect to the Term Loan Reserve) and # $10,000,000.7,000,000.

the Employee shall remain in the same office and position in the Company (or a successor thereto) or any Subsidiary that (or better office and position in the Company (or a successor thereto) or any Subsidiary than) the Employee held immediately prior to the Change in Control;

Financial Covenant. The Borrower shall not permit the Debt to Capitalization Ratio as of, and determined as of, the last day of each fiscal quarter and expressed as a percentage, to exceed 50%.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.