Common use of COMMENCEMENT; CONDITIONS Clause in Contracts

COMMENCEMENT; CONDITIONS. The Applicable LIBOR Percentage and Applicable Prime Rate Percentage shall each be adjusted as herein specified as of the first day of the Commitment Period and thereafter as of each Interest Adjustment Date, commencing with the Interest Adjustment Date on September 1, 2012, by reference to (A) the financial statements required by Section 8.1(a) or Section 8.1(b) for the period ending as of the Interest Determination Date for such Interest Adjustment Date and (B) a certificate complying with Section 8.l(c)(ii) certifying the Net Leverage Ratio as of such Interest Determination Date.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Electric Holdings Inc)

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COMMENCEMENT; CONDITIONS. The Applicable LIBOR Percentage and Applicable Prime Rate Percentage shall each be adjusted as herein specified as of the first day of the Commitment Period and thereafter as of each Interest Adjustment Date, commencing with the Interest Adjustment Date on September 1, 20122017, by reference to (A) the financial statements required by Section 8.1(a) or Section 8.1(b) for the period ending as of the Interest Determination Date for such Interest Adjustment Date and (B) a certificate complying with Section 8.l(c)(ii) certifying the Net Leverage Ratio as of such Interest Determination Date.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Electric Holdings Inc)

COMMENCEMENT; CONDITIONS. The Applicable LIBOR Percentage and Applicable Prime Rate Percentage shall each be adjusted as herein specified as of the first day of the Commitment Period and thereafter as of each Interest Adjustment Date, commencing with the Interest Adjustment Date on September June 1, 20122021, by reference to (A) the financial statements required by Section 8.1(a) or Section 8.1(b) for the period ending as of the Interest Determination Date for such Interest Adjustment Date and (B) a certificate ​ complying with Section 8.l(c)(ii) certifying the Net Leverage Ratio as of such Interest Determination Date.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Electric Holdings Inc)

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COMMENCEMENT; CONDITIONS. The Applicable LIBOR Percentage and Applicable Prime Rate Percentage shall each be adjusted as herein specified as of the first day of the Commitment Period and thereafter as of each Interest Adjustment Date, commencing with the Interest Adjustment Date on September December 1, 20122009, by reference to (A) the financial statements required by Section 8.1(a) or Section 8.1(b) for the period ending as of the Interest Determination Date for such Interest Adjustment Date and (B) a certificate complying with Section 8.l(c)(ii) certifying the Net Leverage Ratio as of such Interest Determination Date.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Electric Holdings Inc)

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