Sentence examples for next covenant from inspiring English sources

The disposal, agreed today, will help its efforts to get through its next covenant test with lenders at the end of this month.

With revenues under severe pressure because of the downturn in advertising, analysts fear it will breach its debt-to-earnings ratio, set at 3.5 times earnings, at the next covenant test on 31 December.

"In the context of this, the banks have agreed to defer the next covenant test date from 31 December 2008 to 28 February 2009 to facilitate these discussions and the company has agreed an initial fee of approximately €2.5 million and an increase in the core lending margin of approximately 175 basis points," Mecom added.

"The next time our covenants will be tested is in March 2009 for the full year, to the end of 2008, when we will be nowhere near our covenants," said a spokeswoman for Xstrata.

The next step is a covenant between a particular deity and a particular person, binding the two together in a contractual relationship for all eternity from generation to generation.

Those being drawn to Twickenham include Sir Ridley Scott (for Alien: Covenant, the next instalment in his science fiction series), Stanley Tucci (for The Final Portrait, starring Oscar-winner Geoffrey Rush as artist Alberto Giacometti), and John Madden, whose previous films include Shakespeare in Love (for Miss Sloane, a gun-control drama).

Faith is renewed in a new covenant.

After the Flood came a new covenant.

It's time for a new covenant.

EMI was expected to break the next test of its banking covenants at the end of the first quarter.

On our provisional numbers at current spot prices we forecast that Xstrata will be in compliance with its banking covenants until its next major refinancing in June 2011.