Examples of Covenant Adjustment Period in a sentence
Without the written consent of the Majority Facility Lenders under the Revolving Facility, permit the Consolidated Total Net Leverage Ratio, calculated as of the last day of any period of four (4) consecutive fiscal quarters of the Borrower to exceed 4.00 to 1.00; provided that, during any Financial Covenant Adjustment Period, the Consolidated Total Net Leverage Ratio may be no greater than 5.00 to 1.00.
On a consolidated basis, maintain a Consolidated Fixed Charge Coverage Ratio (calculated on a one fiscal quarter basis) as of the first Measurement Date occurring during the Covenant Adjustment Period (the “Fixed Charge Coverage Ratio Measurement Date”) of no less than 1.25 to 1.00.
Without the written consent of the Majority Facility Lenders under the Revolving Facility, permit the Consolidated Total Net Leverage Ratio, calculated as of the last day of any period of four (4) consecutive fiscal quarters of the Borrower to exceed 4.00 to 1.00; provided that, during any Financial Covenant Adjustment Period, the Consolidated Total Net Leverage Ratio may be no greater than 4.50 to 1.00.
The Borrower will not permit Liquidity to be less than $75,000,000 at any time during the Covenant Adjustment Period.
Applicants who hold a teaching certificate and need student teaching experience to extend the level of certification may complete this requirement through Northwest.