Treasury Xentinel

Step 1: AI-Powered Covenant Extraction

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This Credit Agreement ("Agreement") is entered into as of October 26, 2023, by and among ACME Corporation ("Borrower"), a syndicate of lenders ("Lenders"), and Big Bank NA as Administrative Agent.

ARTICLE V: COVENANTS

Section 5.01. Financial Covenants. The Borrower will not:
(a) Maximum Leverage Ratio. Permit the ratio of Total Debt to Consolidated EBITDA as of the end of any fiscal quarter to be greater than 4.00 to 1.00.
(b) Minimum Interest Coverage Ratio. Permit the ratio of Consolidated EBITDA to Consolidated Interest Expense for any period of four consecutive fiscal quarters to be less than 3.00 to 1.00.
(c) Minimum Liquidity. Permit Liquidity to be less than $50,000,000 at any time.
(d) Minimum Debt Service Coverage Ratio (DSCR). Permit the ratio of Consolidated EBITDA to the sum of Consolidated Interest Expense and mandatory principal payments for any period of four consecutive fiscal quarters to be less than 1.25 to 1.00.

Section 5.02. Negative Covenants. The Borrower will not, without prior written consent:
(a) Asset Sales. Sell, transfer, or dispose of assets in excess of $15,000,000 in any fiscal year.
(b) Indebtedness. Incur any additional indebtedness that is senior to the obligations hereunder.

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