Cost Saving Initiative definition
Cost Saving Initiative has the meaning assigned to such term in the definition of “Consolidated Adjusted EBITDA”.
Cost Saving Initiative as defined in clause (1)(i) of the definition of “Consolidated EBITDA.”
Cost Saving Initiative means any restructurings, operating improvements, cost savings initiatives and other similar transactions or initiatives of Holdings, the Borrower or any other Restricted Subsidiary.
More Definitions of Cost Saving Initiative
Cost Saving Initiative means any operating improvement, restructuring, cost savings initiative or similar initiative (including the effect of arrangements or efficiencies from the shifting of production of one or more products from one manufacturing facility to another) and/or specified transaction, in each case for the cumulative period from April 1, 2024 to and including the last day of the most recently ended Fiscal Quarter of the Parent prior to such date for which consolidated financial statements required pursuant to Section 7.01(a) or (b) have been delivered (treated as one accounting period).
Cost Saving Initiative means any operating improvement, restructuring, cost savings initiative or similar initiative (including the effect of arrangements or efficiencies from the shifting of production of one or more products from one manufacturing facility to another) and/or specified transaction, in each case prior to, on or after the Closing Date. “Covered Agreement” has the meaning assigned to such term in Section 6.03(d). “Credit Extension” means each of (i) the making of a Revolving Loan or Swingline Loan or (ii) the issuance, amendment, modification or extension of any Letter of Credit (other than any such
Cost Saving Initiative means any operating improvement, restructuring, cost savings initiative or similar initiative (including the effect of arrangements or efficiencies from the shifting of production of one or more products from one manufacturing facility to another) and/or specified transaction, in each case prior to, on or after the Closing Date. “Credit Extension” means each of (i) the making of a Revolving Loan or (ii) the issuance, amendment, modification or extension of any Letter of Credit (other than any such amendment, modification or extension that does not increase the Stated Amount of the relevant Letter of Credit). “Credit Facilities” means the Revolving Facility and the Term Facility.
Cost Saving Initiative has the meaning assigned to such term in the definition of “Consolidated Adjusted EBITDA”. “Covered Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R.§ 382.2(b). “Covered Party” shall have the meaning provided in Section 9.25. “Credit Extension” means each of (i) the making of a Revolving Loan or (ii) the issuance, amendment, modification, renewal or extension of any Letter of Credit (other than any such amendment, modification, renewal or extension that does not increase the Stated Amount of the relevant Letter of Credit). “Credit Facilities” means the Revolving Facility. “Cure Amount” has the meaning assigned to such term in Section 6.15(b). “Cure Right” has the meaning assigned to such term in Section 6.15(b). “Daily Compounded ▇▇▇▇▇” means, for any day (a “Daily Compounded ▇▇▇▇▇ Rate Day”), a rate per annum equal to ▇▇▇▇▇ for the day (such day, the “Daily Compounded ▇▇▇▇▇ Determination Day”), that is five (5) Business Days prior to (i) if such Daily Compounded ▇▇▇▇▇ Rate Day is a Business Day, such Daily Compounded ▇▇▇▇▇ Rate Day or (ii) if such Daily Compounded ▇▇▇▇▇ Rate Day is not a Business Day, the Business Day immediately preceding such Daily Compounded ▇▇▇▇▇ Rate Day, in each case, as ▇▇▇▇▇ is published by the administrator; provided, however, that if as of 5:00 p.m. (Toronto time) on any Daily Compounded ▇▇▇▇▇ Determination Day, ▇▇▇▇▇ for the applicable tenor has not been published by the administrator and a Canadian Benchmark Replacement Date with respect to Daily Compounded ▇▇▇▇▇ has not occurred, then Daily Compounded ▇▇▇▇▇ will be ▇▇▇▇▇ as published by the administrator on the first preceding Business Day for which ▇▇▇▇▇ was published by the administrator so long as such first preceding Business Day is not more than three (3) Business Days prior to such Daily Compounded ▇▇▇▇▇ Determination Day; provided, that to the extent such rate as determined above shall, at any time, be less than the Canadian Floor, such rate shall be deemed to be Canadian Floor for all purposes herein. “Daily Compounded ▇▇▇▇▇ Adjustment” means 0.29547% (29.547 basis points) for a tenor of one-month’s duration, and 0.32138% (32.138 basis points) for a tenor of three-months’...
Cost Saving Initiative means any operating improvement, restructuring, cost savings initiative or similar initiative (including the effect of arrangements or efficiencies from the shifting of production of one or more products from one manufacturing facility to another) and/or specified transaction, in each case prior to, on or after the Closing Date. “Credit Extension” means each of (i) the making of a Revolving Loan or (ii) the issuance, amendment, modification or extension of any Letter of Credit (other than any such amendment, modification or extension that does not increase the Stated Amount of the relevant Letter of Credit). “Credit Facilities” means the Revolving Facility and the Term Facility. “Cure Amount” has the meaning assigned to such term in Section 6.09(b). “Cure Right” has the meaning assigned to such term in Section 6.09(b). “Current Assets” means, at any date, all assets of Holdings and its Restricted Subsidiaries which under GAAP would be classified as current assets (excluding any (i) cash or Cash Equivalents (including cash and Cash Equivalents held on deposit for third parties by Holdings and/or any Restricted Subsidiary), (ii) permitted loans to third parties, (iii) deferred bank fees and derivative financial instruments related to Indebtedness, (iv) the current portion of current and deferred Taxes and (v) assets held for sale or pension assets). “Current Liabilities” means, at any date, all liabilities of Holdings and its Restricted Subsidiaries which under GAAP would be classified as current liabilities, other than (i) current maturities of long term debt, (ii) outstanding revolving loans and letter of credit exposure, (iii) accruals of Consolidated Interest Expense (excluding Consolidated Interest Expense that is due and unpaid), (iv) obligations in respect of