Sentences with phrase «violating debt covenants»

During fiscal 2009, the Company was faced with a de-listing warning from the New York Stock Exchange which was only overcome due to a favorable change in requirements, and was forced to renegotiate its revolving credit agreement at less favorable terms when it appeared the Company would likely violate its debt covenants.

Unless the fair value accounting leads a company to violate a debt covenant, typically it does not have that much effect, because it does not change the pattern of cash flows that the company will generate.

Not exact matches

«There is not a man or woman, who violates the covenants made with their God, that will not be required to pay the debt.

They are not likely to go bankrupt or violate covenants on their debt....

That would still cause them to violate the minimum net worth covenant on their bank debt, if they lost control of their subsidiaries.

Pan Pacific's unsecured debt includes covenants that, if violated, necessitate immediate prepayment with penalties.