Category F Period definition

Category F Period shall exist at any time (i) Holdings has received gross cash proceeds of at least $200,000,000 from the sale after the Closing Date of its Equity Interests pursuant to a public offering of common stock, (ii) no Tranche II Term Loans remain outstanding and (iii) the Net Leverage Ratio is less than 4.50 to 1.00. Notwithstanding the foregoing, at any time during which (i) the Borrower has failed to deliver the certificate required under Section 5.04(c) with respect to a fiscal quarter following the date the delivery thereof is due or (ii) a Default or Event of Default is in existence, the Category Period shall be deemed, solely for the purposes of this Schedule A, to be a Category A Period, until such time as the Borrower shall deliver such certificate or such Default or Event of Default shall be cured or waived. 130 TABLE OF CONTENTS Page
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Category F Period subject to the Category Rules, at any time either (i) the S&P Credit Rating is BBB- or lower or (ii) the Xxxxx’x Credit Rating is Baa3 or lower.
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Category F Period xxxxect to the Category Rules, at any time either (i) the S&P Credit Rating is BB+ or lower or (ii) the Moody's Credit Rating is Ba1 or lower.
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Examples of Category F Period in a sentence

  • Notwithstanding anything to the contrary set forth above, if neither Rating Agency provides a corporate credit rating of the U.S. Borrower, then the Applicable Period shall be a Category F Period.

  • Category F Period None of a Category A Period, a Category B Period, a Category C Period, a Category D Period or a Category E Period is in effect at such time.


More Definitions of Category F Period

Category F Period immediately below the phrase "Category E Period" in the column "Applicable Period" appearing therein and (ii) inserting the percentage "0.500%" immediately below the percentage "0.500%" in the column "Applicable Commitment Fee Percentage" appearing therein.
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Category F Period and “Facility Fee Percentage” appearing in said subsection in their entirety and inserting the following new definitions in lieu thereof:
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Category F Period shall exist at any time (i) Holdings has received gross cash proceeds of at least $200,000,000 from the sale after the Closing Date of its Equity Interests pursuant to a public offering of common stock, (ii) no Tranche II Term Loans remain outstanding and (iii) the Net Leverage Ratio is less than 4.50 to 1.00. Notwithstanding the foregoing, in determining the LIBOR Margin and ABR Margin for Tranche I Term Loans only, a Category F Period shall be deemed to exist (a) if the test in the preceding clause (iii) is satisfied or (b) if (and for so long as) the indebtedness under the Credit Agreement then has a rating in effect of at least B+ from Standard & Poor's Rating Services and at least B1 from Moody's Investors Service, Inc. Notwithstanding the foregoing, at xxx xxme during which (i) the Borrower has failed to deliver the certificate required under Section 5.04(c) with respect to a fiscal quarter following the date the delivery thereof is due or (ii) a Default or Event of Default is in existence, the Category Period shall be deemed, solely for the purposes of this Schedule A, to be a Category A Period, until such time as the Borrower shall deliver such certificate or such Default or Event of Default shall be cured or waived. Note: Schedule 2.01 is omitted from the filing of this Annual Report on Form 10-K. The Registrant agrees to furnish supplementally a copy of Schedule 2.01 to the Securities and Exchange Commission upon request.
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Related to Category F Period

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Off-Peak Period means the period during which the demand on an electric utility system is not at or near its maximum. For the purpose of this section, the off-peak period includes all hours that are not in the peak period.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Start-up Period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Distribution Compliance Period with respect to any Notes, means the period of 40 consecutive days beginning on and including the later of (i) the day on which such Notes are first offered to Persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S and (ii) the issue date with respect to such Notes.

  • Application Period means the months beginning with the month in which the application is considered to be filed, through and including the month in which an eligibility determination is made.

  • M2 Target Amount For any Distribution Date, an amount equal to the lesser of (a) the product of (1) 75.40% and (2) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (1) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Overcollateralization Floor.

  • Payoff Period For the first Distribution Date, the period from the Cut-Off Date through November 14, 2005, inclusive; and for any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive.

  • Run-Out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Opt-Out Period means the period that begins the day after the earliest date on which the Notice is first distributed, and that ends no later than 30 days before the Final Approval Hearing. The deadline for the Opt-Out Period shall be specified in the Notice.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

  • Overlap Period means any taxable year or other taxable period beginning on or before and ending after the Closing Date.

  • Senior Target Amount With respect to each Distribution Date, an amount equal to the lesser of (a) the product of (i) 77.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 94.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.