Exact(54)
How close did Haymarket come to breaking its banking covenants in 2009?
The company had already received a waiver of certain financial covenants in April through May 16.
He works with contracts rather than with covenants; in place of grace, he sends takeout, Chivas Regal, and surround sound.
"The charge will not affect the company's current earnings nor the financial covenants in its credit agreements," Northwest said.
"It's a thorny policy question and social question," Dr. Spengler said, adding he foresees some private housing complexes adopting smoking policy covenants in the future.
Before then, suburbs had often been as segregated by housing covenants in the northern states as they were by Jim Crow laws in the southern ones.
Similar(6)
Nextera's stock has tumbled 92% from its 52-week high last December, losses are rising, the company is in violation of debt covenants and, in late October ,15% of the work force was canned.
In the past these protective covenants came in two forms.
"We are not in violation of any of the covenants contained in the license agreement," said Stanley P. Silverstein, Warnaco general counsel.
That is because many firms took advantage of generous credit markets in recent years to refinance at low rates, with less onerous covenants than in the past and "toggle" clauses that gave them the option of automatically adding interest bills to the sum borrowed rather than paying it.
In addition, he identified the potential for the breach of debt covenants later in 2009.
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