Covenant Amendment Period definition

Covenant Amendment Period means the period commencing as of the First Amendment Effective Date and ending as of the fifth (5th) Business Day after the date on which the Borrower delivers a Compliance Certificate to the Administrative Agent pursuant to Section 6.01(c) demonstrating a Consolidated Leverage Ratio (without giving effect to the proviso set forth in the definition thereof) of less than 2.00:1.00 for two consecutive fiscal quarters.
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Covenant Amendment Period means the period from and including the Amendment No. 2 Effective Date until the earlier of (x) June 30, 2023 and (y) the date on which the Lead Borrower, in its sole discretion, delivers written notice to the Administrative Agent of its election to end the Covenant Amendment Period; provided that, once such notice is delivered, the Covenant Amendment Period shall not resume without the consent of the Required Revolving Lenders.
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Covenant Amendment Period means the period during which either (i) the maximum Borrower Leverage Ratio permitted pursuant to Section 5.03(a) is greater than 3.50 to 1.0, or (ii) the minimum Fixed Charge Coverage Ratio permitted pursuant to Section 5.03(b) is less than 1.15 to 1.0. - 1 -
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Examples of Covenant Amendment Period in a sentence

  • During the Covenant Amendment Period the Credit Parties will not permit Liquidity of the Credit Parties as of any date set forth below to be less than the amount set forth in the table below opposite such date as demonstrated by the applicable Liquidity Certificate.

  • During the Covenant Amendment Period, beginning on Monday March 11, 2022, and continuing on every other Monday thereafter, a rolling 13-week cash flow forecast of the Credit Parties and their Subsidiaries covering the 13-week period (beginning with the date of delivery of such forecast) in form and detail reasonably satisfactory to the Administrative Agent.

  • At all times during the Covenant Amendment Period, the Borrower shall have Available Liquidity of at least $50,000,000.

  • The Borrower may elect to end the Covenant Amendment Period at any time by delivering a written notice to the Administrative Agent so long as the Borrower can demonstrate at such time, on a pro forma basis, that the Borrower shall be in compliance with all of the covenants set forth in this Section 5.03 that are applicable after the termination of the Covenant Amendment Period.

  • During the Covenant Amendment Period, the fixed dollar portion of the “Fixed Dollar Amount” definition shall decrease from $127.0 million to $102.0 million, and the use of certain restricted payments baskets will be reduced or eliminated entirely.

  • On August 9, 2022, the Company entered into a second amendment (the “Amendment”) to the First Lien Credit Agreement to provide for a “Covenant Amendment Period” (as defined therein) through and including the earlier of June 30, 2023 and the date on which the Company, in its sole discretion, delivers written notice to the Administrative Agent of the Company's election to end the Covenant Amendment Period.

Related to Covenant Amendment Period

  • Consent Period has the meaning specified in Section 2.10.

  • Agreement Period means the period between the Agreement Date and the Expiry Date, unless terminated earlier on the Termination Date;

  • First Amendment Date means October 29, 2021.

  • Third Amendment Date means June 23, 2020.

  • Second Amendment Date the date of effectiveness of the Second Amendment, dated July 15, 2016, by and among the Borrower, the other Loan Parties thereto, Holdings, the Lenders party thereto and the Administrative Agent.

  • Extension Agreement means an Extension Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among Xxxxx 0, the Borrower, the Administrative Agent and one or more Extending Lenders, effecting one or more Extension Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.14.

  • Fourth Amendment Date means the Amendment Date (as defined in the Fourth Amendment).

  • Restatement Agreement means the Restatement Agreement to the Existing Credit Agreement, dated as of July 17, 2015, by and among the Borrower, the other Loan Parties, the Administrative Agent, the Lenders party thereto and the other parties thereto.

  • Eleventh Amendment Effective Date has the meaning set forth in Section 4 of the Eleventh Amendment.

  • Waiver Period means, for each applicable fee, the period of time from the initial effective date of the MIAX PEARL Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior to the termination of the Waiver Period and effective date of any such applicable fee.

  • Eighth Amendment Effective Date shall have the meaning provided in the Eighth Amendment.

  • Covenant Period means the period of time from the date of this Agreement to the date that is two years after the Date of Termination.

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Fifth Amendment Effective Date shall have the meaning provided in the Fifth Amendment.

  • Second Amendment Effective Date has the meaning assigned to such term in the Second Amendment.

  • Amendment Agreement shall have the meaning assigned to such term in the recitals hereto.

  • First Amendment Effective Date has the meaning assigned to such term in the First Amendment.

  • Sixth Amendment Effective Date shall have the meaning provided in the Sixth Amendment.

  • Seventh Amendment Effective Date shall have the meaning provided in the Seventh Amendment.

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • Ninth Amendment Effective Date shall have the meaning provided in the Ninth Amendment.

  • Fourth Amendment Effective Date has the meaning assigned to such term in the Fourth Amendment.

  • Second Amendment Closing Date has the meaning assigned to such term in the Second Amendment.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Third Amendment Effective Date shall have the meaning provided in the Third Amendment.

  • Fourth Amendment Closing Date the date on which all the conditions precedent set forth in Section 3 of the Fourth Amendment shall be satisfied or waived.