Common use of Covenant Relief Period Clause in Contracts

Covenant Relief Period. During the Covenant Relief Period, on the Third Amendment Effective Date, or, to the extent not provided on such date, or prior to the earlier of the following dates (or such later date as the Administrative Agent shall reasonably determine), the Company will cause all of Covenant Relief Period Collateral, to be subject to a first priority, perfected Lien (subject to Permitted Equity Liens) in favor of the Administrative Agent to secure the Guaranteed Obligations in accordance with the terms and conditions of the Collateral Documents or such other pledge and security documents as the Administrative Agent shall reasonably request:

Covenant Relief Period. During the Covenant Relief Period, on the Third First Amendment Effective Date, or, to the extent not provided on such date, or prior to the earlier of the following dates (or such later date as the Administrative Agent shall reasonably determine), the Company will cause all of Covenant Relief Period Collateral, to be subject to a first priority, perfected Lien (subject to Permitted Equity Liens) in favor of the Administrative Agent to secure the Guaranteed Obligations in accordance with the terms and conditions of the Collateral Documents or such other pledge and security documents as the Administrative Agent shall reasonably request: