Examples of Adjusted Covenant Period in a sentence
The Company agrees to pay to the holders of the Notes a fee (the “Acquisition Spike Fee”) in Dollars equal to 0.50% per annum of the average outstanding principal amount of the Notes for each Fiscal Quarter during each Adjusted Covenant Period; the Acquisition Spike Fee shall be payable in arrears on the date upon which the financial statements for such Fiscal Quarter are to be delivered under Section 7.1(a) (or Section 7.1(b), if the applicable Fiscal Quarter is the last Fiscal Quarter in a fiscal year).
Agents and the Participants acknowledge that Lessee is in an Adjusted Covenant Period as of the date hereof, having made a Permitted Acquisition in October 2018, and as a result thereof, the Adjusted Covenant Ratio is effective as of the date hereof through September 30, 2019.