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ELN » Topics » Restrictive covenants in our debt instruments restrict or prohibit our ability to engage in or enter into a variety of transactions, which could adversely affect us.This excerpt taken from the ELN 6-K filed Mar 30, 2009. Restrictive
covenants in our debt instruments restrict or prohibit our
ability to engage in or enter into a variety of transactions and
could adversely affect us.
The agreements governing 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 ratio, but do
restrict within 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 a default under
our other indebtedness subject to cross-acceleration provisions.
If this were to occur, we might not be able to pay our debt or
obtain sufficient funds to refinance them on reasonable terms,
or at all. In addition, complying with these covenants may make
it more difficult for us to successfully execute our business
strategies and compete against companies not subject to similar
constraints.
This excerpt taken from the ELN 20-F filed Feb 26, 2009. Restrictive
covenants in our debt instruments restrict or prohibit our
ability to engage in or enter into a variety of transactions and
could adversely affect us.
The agreements governing 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 ratio, but do
restrict within limits our ability to, among other things:
Table of Contents
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 a default under
our other indebtedness subject to cross-acceleration provisions.
If this were to occur, we might not be able to pay our debts or
obtain sufficient funds to refinance them on reasonable terms,
or at all. In addition, complying with these covenants may make
it more difficult for us to successfully execute our business
strategies and compete against companies not subject to similar
constraints.
This excerpt taken from the ELN 6-K filed Mar 31, 2008. Restrictive
covenants in our debt instruments restrict or prohibit our
ability to engage in or enter into a variety of transactions,
which could adversely affect us.
The agreements governing 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 ratio, but do
restrict within limits our ability to, among other things:
Elan Corporation, plc 2007 Annual
Report 145
Table of Contents
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 a default under
our other indebtedness subject to cross-acceleration provisions.
If this were to occur, we might not be able to pay our debts or
obtain sufficient funds to refinance them on reasonable terms,
or at all. In addition, complying with these covenants may make
it more difficult for us to successfully execute our business
strategies and compete against companies not subject to similar
constraints.
This excerpt taken from the ELN 20-F filed Feb 28, 2008. Restrictive
covenants in our debt instruments restrict or prohibit our
ability to engage in or enter into a variety of transactions,
which could adversely affect us.
The agreements governing 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 ratio, but do
restrict within 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 a default under
our other indebtedness subject to cross-acceleration provisions.
If this were to occur, we might not be able to pay our debts or
obtain sufficient funds to refinance them on reasonable terms,
or at all. In addition, complying with these covenants may make
it more difficult for us to successfully execute our business
strategies and compete against companies not subject to similar
constraints.
This excerpt taken from the ELN 6-K filed Mar 30, 2007. Restrictive
covenants in our debt instruments restrict or prohibit our
ability to engage in or enter into a variety of transactions,
which could adversely affect us.
The agreements governing 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 ratio, but do
restrict within limits our ability to, among other things:
• Pay dividends or buy back our Ordinary Shares; and
144 Elan
Corporation, plc 2006 Annual Report
Table of Contents
Risk Factors
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 a default under
our other indebtedness subject to cross-acceleration provisions.
If this were to occur, we might not be able to pay our debts or
obtain sufficient funds to refinance them on reasonable terms,
or at all. In addition, complying with these covenants may make
it more difficult for us to successfully execute our business
strategies and compete against companies not subject to similar
constraints.
This excerpt taken from the ELN 20-F filed Feb 28, 2007. Restrictive
covenants in our debt instruments restrict or prohibit our
ability to engage in or enter into a variety of transactions,
which could adversely affect us.
The agreements governing 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 ratio, but do
restrict within 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 a default under
our other indebtedness subject to cross-acceleration provisions.
If this were to occur, we might not be able to pay our debts or
obtain sufficient funds to refinance them on reasonable terms,
or at all. In addition, complying with these covenants may make
it more difficult for us to successfully execute our business
strategies and compete against companies not subject to similar
constraints.
This excerpt taken from the ELN 6-K filed Mar 31, 2006. Restrictive covenants in our debt
instruments restrict or prohibit our ability to engage in or
enter into a variety of transactions, which could adversely
affect us.
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 ratio, but 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 a default under
our other indebtedness subject to cross-acceleration provisions.
If this were to occur, we might not be able to pay our debts or
obtain sufficient funds to refinance them on reasonable terms,
or at all. In addition, complying with these covenants may make
it more difficult for us to successfully execute our business
strategies and compete against companies not subject to similar
constraints.
This excerpt taken from the ELN 20-F filed Mar 30, 2006. Restrictive
covenants in our debt instruments restrict or prohibit our
ability to engage in or enter into a variety of transactions,
which could adversely affect us.
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 ratio, but 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 a default under
our other indebtedness subject to cross-acceleration provisions.
If this were to occur, we might not be able to pay our debts or
obtain sufficient funds to refinance them on reasonable terms,
or at all. In addition, complying with these covenants may make
it more difficult for us to successfully execute our business
strategies and compete against companies not subject to similar
constraints.
This excerpt taken from the ELN 6-K filed Apr 11, 2005. Restrictive covenants in our debt instruments restrict or prohibit our ability to engage in or enter into a variety of transactions, which could adversely affect us. 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 ratio, but do restrict 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 a default under our other indebtedness subject to cross-acceleration provisions. If this were to occur, we might not be able to pay our debts or obtain sufficient funds to refinance them on reasonable terms or at all. In addition, complying with these covenants may make it more difficult for us to successfully execute our business strategies and compete against companies not subject to similar constraints. | EXCERPTS ON THIS PAGE:
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