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This excerpt taken from the ELN 6-K filed Mar 30, 2009. Covenants
The agreements governing some of our outstanding long-term
indebtedness contain various restrictive covenants that limit
our financial and operating flexibility. The covenants do not
require us to maintain or adhere to any specific financial
ratios, however, they do restrict within certain limits our
ability to, among other things:
Table of Contents
Notes to the
Consolidated Financial Statements
The breach of any of these covenants may result in a default
under the applicable agreement, which could result in the
indebtedness under the agreement becoming immediately due and
payable and may result in a default under our other indebtedness
subject to cross-acceleration provisions.
Our debt covenants do not require us to maintain or adhere to
any specific financial ratios. Consequently, the
shareholders’ deficit of $223.4 million at
31 December 2008 has no impact on our ability to comply
with our debt covenants.
This excerpt taken from the ELN 20-F filed Feb 26, 2009. Covenants
The agreements governing some of our outstanding long-term
indebtedness contain various restrictive covenants that limit
our financial and operating flexibility. The covenants do not
require us to maintain or adhere to any specific financial
ratios, however, they do restrict within certain limits our
ability to, among other things:
Table of Contents
Elan
Corporation, plc
NOTES TO
THE CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
The breach of any of these covenants may result in a default
under the applicable agreement, which could result in the
indebtedness under the agreement becoming immediately due and
payable and may result in a default under our other indebtedness
subject to cross acceleration provisions.
Our debt covenants do not require us to maintain or adhere to
any specific financial ratios. Consequently, the
shareholders’ deficit of $232.2 million at
December 31, 2008 has no impact on our ability to comply
with our debt covenants.
This excerpt taken from the ELN 6-K filed Mar 31, 2008. Covenants
The agreements governing some of our outstanding long-term
indebtedness contain various restrictive covenants that limit
our financial and operating flexibility. The covenants do not
require us to maintain or adhere to any specific financial
ratios, however, they do restrict within certain limits our
ability to, among other things:
The breach of any of these covenants may result in a default
under the applicable agreement, which could result in the
indebtedness under the agreement becoming immediately due and
payable and may result in a default under our other indebtedness
subject to cross acceleration provisions.
Our debt covenants do not require us to maintain or adhere to
any specific financial ratios. Consequently, the
shareholders’ deficit of $388.4 million at
31 December 2007 has no impact on our ability to comply
with our debt covenants.
This excerpt taken from the ELN 20-F filed Feb 28, 2008. Covenants
The agreements governing some of our outstanding long-term
indebtedness contain various restrictive covenants that limit
our financial and operating flexibility. The covenants do not
require us to maintain or adhere to any specific financial
ratios, however, they do restrict within certain limits our
ability to, among other things:
The breach of any of these covenants may result in a default
under the applicable agreement, which could result in the
indebtedness under the agreement becoming immediately due and
payable and may result in a default under our other indebtedness
subject to cross acceleration provisions.
Our debt covenants do not require us to maintain or adhere to
any specific financial ratios. Consequently, the
shareholders’ deficit of $234.7 million at
December 31, 2007 has no impact on our ability to comply
with our debt covenants.
Table of Contents
Elan
Corporation, plc
NOTES TO
THE CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Fair value is the amount at which a financial instrument could
be exchanged in an arms-length transaction between informed and
willing parties, other than in a forced or liquidation sale.
Cash and cash equivalents and current investment securities are
held at fair value on the Consolidated Balance Sheets.
This excerpt taken from the ELN 6-K filed Mar 30, 2007. Covenants
The agreements governing some of our outstanding long-term
indebtedness contain various restrictive covenants that limit
our financial and operating flexibility. The covenants do not
require us to maintain or adhere to any specific financial
ratios, however, they do restrict within certain limits our
ability to, among other things:
116 Elan
Corporation, plc 2006 Annual Report
Table of Contents
Notes to the
Consolidated Financial Statements
The breach of any of these covenants may result in a default
under the applicable agreement, which could result in the
indebtedness under the agreement becoming immediately due and
payable and may result in a default under our other indebtedness
subject to cross acceleration provisions.
Our accrued and other liabilities at 31 December consisted
of the following:
This excerpt taken from the ELN 20-F filed Feb 28, 2007. Covenants
The agreements governing some of our outstanding long-term
indebtedness contain various restrictive covenants that limit
our financial and operating flexibility. The covenants do not
require us to maintain or adhere to any specific financial
ratios, however, they do restrict within certain limits our
ability to, among other things:
The breach of any of these covenants may result in a default
under the applicable agreement, which could result in the
indebtedness under the agreement becoming immediately due and
payable and may result in a default under our other indebtedness
subject to cross acceleration provisions.
Fair value is the amount at which a financial instrument could
be exchanged in an arms-length transaction between informed and
willing parties, other than in a forced or liquidation sale.
Cash and cash equivalents and current investment securities are
held at fair value on the Consolidated Balance Sheets.
Table of Contents
Elan
Corporation, plc
NOTES TO
THE CONSOLIDATED
FINANCIAL STATEMENTS — (Continued)
This excerpt taken from the ELN 6-K filed Mar 31, 2006. Covenants
The agreements governing some of our outstanding indebtedness
contain various restrictive covenants that limit our financial
and operating flexibility. The covenants do not require us to
maintain or adhere to any specific financial ratios, but they do
restrict within certain limits our ability to, among other
things:
The breach of any of these covenants may result in a default
under the applicable agreement, which could result in the
indebtedness under the agreement becoming immediately due and
payable. Any such acceleration would result in default under
other indebtedness subject to cross acceleration provisions.
Our accrued and other liabilities at 31 December consisted
of the following:
This excerpt taken from the ELN 20-F filed Mar 30, 2006. Covenants
The agreements governing some of our outstanding convertible and
long-term indebtedness contain various restrictive covenants
that limit our financial and operating flexibility. The
covenants do not require us to maintain or adhere to any
specific financial ratios, however, they do restrict within
certain limits our ability to, among other things:
The breach of any of these covenants may result in a default
under the applicable agreement, which could result in the
indebtedness under the agreement becoming immediately due and
payable and may result in a default under our other indebtedness
subject to cross acceleration provisions.
Table of Contents
Elan
Corporation, plc
NOTES TO
THE CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Fair value is the amount at which a financial instrument could
be exchanged in an arms-length transaction between informed and
willing parties, other than in a forced or liquidation sale.
Cash and cash equivalents and marketable securities are held at
fair value on the Consolidated Balance Sheets.
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