Covenant compliance test and waiver evidence checklist

Test debt covenant compliance for {entity_name} as of {period_end_date}.

Inputs:
- Debt agreements summary: {debt_agreements}
- Financial statements / trial balance: {financials}
- Covenant definitions (EBITDA, leverage, etc.): {covenant_definitions}
- Calculated adjustments permitted: {permitted_adjustments}
- Any waiver/amendment documents: {waiver_docs}

Output:
1) Covenant calculation table with definitions and adjustments.
2) Compliance conclusion and any potential breaches.
3) If breach: required actions and audit implications (classification, disclosure).
4) Evidence checklist for waivers (timing, authorized signers, terms, effective date).

Be precise about definitions and avoid unsupported add-backs.