Capital Call Event means:
Capital Call Event set forth herein shall subsequently occur or exist);
Capital Call Event means the first to occur of (i) an Event of Default under Section 10.01 of the Credit Agreement, (ii) an Event of Default under Section 10.05 of the Credit Agreement, and (iii) an Event of Default under Section 10.03 of the Credit Agreement as a result of Holdings' failure to be in compliance with Section 9.08 of the Credit Agreement in respect of the Test Period ending closest to March 31, 1999 (determined, for purposes of this definition, without giving effect to the last sentence contained in the definition of "Consolidated EBIDTA" in the Credit Agreement); it being understood and agreed, however, that if Holdings is in compliance with Section 9.08 of the Credit Agreement for the Test Period ending closest to March 31, 1999 (without giving effect to the contribution of the Capital Call Amount), then a Capital Call Event shall not thereafter occur and this Agreement shall be terminated in accordance with Section 15 hereof.
Examples of Capital Call Event in a sentence
For avoidance of doubt, in the event of a successful Capital Call Event, pursuant to Section 1(e), the Lender’s right to request Early Repayment will be extinguished.
Portal will not spend, transfer, or use the funds in the Escrow Account for any purpose until the occurrence of the any of the following: (i) an Escrow Release Event, (ii) an Escrow Refund Event, (iii) a Partial Escrow Refund Event, or (iv) a Capital Call Event (each an “Escrow Event”, and collectively the “Escrow Events”).
Otherwise there would continue to be striking shortcomings and imperfections with regard to transparency, efficiency, participation, and the democratic structures of the European Union.
More Definitions of Capital Call Event
Capital Call Event means the occurrence of any of the following: (i) Holdings' failure to achieve a Leverage Ratio of 4.65:1.0 (or less) as at the last day of the Test Period ended on the last day of the 1st Fiscal Quarter of Fiscal Year 2004 and (ii) Holdings' failure to deliver a Capital Call Officer's Certificate on the date of the required delivery of the financial statements in respect of the 1st Fiscal Quarter of Fiscal Year 2004 pursuant to Section 8.01(b) of the Credit Agreement.
Capital Call Event means solely the failure of Holdings to achieve at least $4,000,000 of Consolidated EBITDA for the Initial Test Period (defined below) (determination of such achievement to be based on financial statements delivered pursuant to Section 7.01(a)(ii) of the Financing Agreement).
Capital Call Event means the Total Leverage Ratio of the Borrower in respect of the Test Period ending on December 31, 2000 being greater than 5.00 to 1.00; it being understood and agreed, however, that if the Total Leverage Ratio of the Borrower for the Test Period ending on December 31, 2000 is less than or equal to 5.00 to 1.00 (without giving effect to the contribution of the Capital Call Amount), then a Capital Call Event shall not thereafter occur and this Agreement shall be terminated in accordance with Section 15 hereof.
Capital Call Event means the first to occur of (i) an Event of Default under Section 10.01 of the Credit Agreement, (ii) an Event of Default under Section 10.05 of the Credit Agreement, and (iii) the failure of Holdings to achieve at least $8,500,000 of Consolidated EBITDA for any Test Period (I.E., any period of four consecutive fiscal quarters of Holdings) ending after the date hereof.
Capital Call Event. Exhibit 3.7
Capital Call Event means any of the following events:
Capital Call Event means the first to occur of (i) an Event of Default under Section 10.01 of the Credit Agreement, (ii) an Event of Default under Section 10.05 of the Credit Agreement, and (iii) the Leverage Ratio on the last day of the Test Period ending closest to January 31, 2001 being greater than 5.00:1.00; it being understood and agreed, however, that if the Leverage Ratio on the last day of the Test Period ending closest to January 31, 2001 is less than or equal to 5.00:1.00 (without giving effect to the contribution of the Capital Call Amount), then a Capital Call Event shall not thereafter occur and this Agreement shall be terminated in accordance with Section 15(i) hereof.