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Luxottica Group, S.p.A. (LUX)
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LUX » Topics » Financial covenants

This excerpt taken from the LUX 20-F filed Jun 28, 2006.
Financial covenants) has been complied with and make an accurate comparison between the consolidated financial position indicated in those financial statements and its Original Financial Statements.
(ii)                                  If the Italian Borrower notifies the Agent of a change in accordance with paragraph (i) above then the Italian Borrower and Agent shall enter into negotiations in good faith with a view to agreeing:
(1)                                  whether or not the change might result in any material alteration in the commercial effect of any of the terms of this Agreement; and
(2)                                  if so, any amendments to this Agreement which may be necessary to ensure that the change does not result in any material alteration in the commercial effect of those terms,

and if any amendments are agreed they shall take effect and be binding on each of the Parties in accordance with their terms.

Any reference in this Agreement to those financial statements shall be construed as a reference to those financial statements as adjusted to reflect the basis upon which the Original Financial Statements were prepared.

20.4.                       

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