Covenant Computation Date definition

Covenant Computation Date means, (a) with respect to the Total Leverage Ratio and the Senior Leverage Ratio, the last Business Day of each calendar month, and (b) for all other purposes, the last Business Day of each fiscal quarter (March 31, June 30, September 30, and December 31, as the case may be).
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Covenant Computation Date means the last day of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending on November 27, 1999.
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Covenant Computation Date means the last day of each fiscal quarter of the Borrower, commencing on October 6, 2002.
Sample 1

Examples of Covenant Computation Date in a sentence

  • The applicable Ratio of Total Funded Debt to EBITDA for the Covenant Computation Date is _____ to 1.00.

  • Pursuant to Section 5.1(b) of the Credit Agreement, attached are the required unaudited financial statements of the Borrower and its Subsidiaries as of __________________ (the "Covenant Computation Date").

  • As of each Covenant Computation Date, the Co-Borrowers will maintain the Interest Coverage Ratio of the Consolidated Group at not less than 3.75 to 1.00.

  • As of each Covenant Computation Date, the Co-Borrowers will maintain the Fixed Charge Coverage Ratio of the Consolidated Group at not less than 1.15 to 1.00.

  • As of each Covenant Computation Date, the Co-Borrowers will achieve minimum EBITDA (plus expenses and/or settlement costs, without duplication, of up to $5,000,000 in the aggregate related to the Pending Employment Litigation) for the Consolidated Group of not less than $8,500,000.

  • As of each Covenant Computation Date, the Co-Borrowers will maintain the Leverage Ratio of the Consolidated Group at not more than 2.75 to 1.00.

  • As of each Covenant Computation Date, the Co-Borrowers shall achieve minimum EBITDA (plus expenses and/or settlement costs, without duplication, of up to $5,000,000 in the aggregate related to the Pending Employment Litigation) for the Consolidated Group of not less than $6,500,000.

  • As of each Covenant Computation Date, the Borrower and its Subsidiaries, on a consolidated basis, will maintain a Leverage Ratio at not more than 3.00 to 1.00.

  • As of each Covenant Computation Date, the Co-Borrowers shall maintain the Leverage Ratio of the Consolidated Group at not more than 2.85 to 1.00.

  • I certify that such financial statements have been prepared in accordance with GAAP, fairly present the financial condition of the Borrower and its Subsidiaries as of the Covenant Computation Date and the results of the operations of the Borrower and its Subsidiaries for the period then ended, subject to year-end adjustments, and conform to the requirements of Section 5.1(b) of the Credit Agreement.


More Definitions of Covenant Computation Date

Covenant Computation Date means the last day of each fiscal quarter of the Co-Borrowers, commencing on September 30, 2003. Compliance with the Financial Covenants will be determined as follows: (a) quarterly testing of the Financial Covenants (other than the minimum EBITDA in Section 5.9 and the leverage ratio in Section 5.12) based on actual performance of the Consolidated Group for the fiscal quarter then-ended and (b) with respect to determining compliance with Section 5.9 and Section 5.12, EBITDA shall be cumulative EBITDA for the Covenant Computation Period.
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Covenant Computation Date means, at any time, the last day of the most recently completed month.
Sample 1
Covenant Computation Date means the last day of each month of any fiscal year of the Borrower."
Sample 1
Covenant Computation Date means the last day of each Fiscal Quarter of G&K Inc., commencing on September 30, 1997.
Sample 1

Related to Covenant Computation Date

  • Computation Date is defined in Section 2.04.

  • Covenant Compliance Event means, at any time, Availability is less than the greater of (i) ten percent (10%) of the Loan Cap and (ii) $15,000,000. The termination of a Covenant Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Compliance Event in the event that the conditions set forth in this definition again arise.

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Interest Calculation Date if applicable, shall have the meaning set forth in the Series Term Sheet.

  • Interest Calculation Period means the period or periods for the calculation of the interest shown on the mortgage form;

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Covenant Relief Period means the period commencing on the Amendment No. 1 Effective Date and ending on and including December 31, 2022.

  • The calculation date means the first date on which the purchasers of ordinary shares of the Company shall not be granted the rights to receive the dividend payment (the first date that the SET posts XD sign).

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • Suspension Date has the meaning set forth in Section 4.18(a).

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Compliance Date means, in each case, the date by which compliance is required under the referenced provision of ARRA’s or HIPAA’s implementing regulations, as applicable.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • 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.

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Eligibility Computation Period means a 12-consecutive month period beginning with your first day of employment. Any succeeding Eligibility Computation Period will then switch to the Plan Year, beginning with the Plan Year that includes your first anniversary of employment. You will generally earn an hour of service for each hour you are paid for the performance of duties for the Company (however, numerous exceptions and special rules apply).

  • Testing Date means each day which is: (i) the last day of the relevant Issuer's and the Guarantor's financial year in any year; or (ii) the last day of each of the first three quarters of the relevant Issuer's and the Guarantor's financial year in any year.

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events:

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • Limitation Date means the first of March 20, June 20, September 20 or December 20 in any year to occur on or immediately following the date that is one of the following numbers of years after the Restructuring Date: 2.5 years (the "2.5-year Limitation Date"), 5 years, 7.5 years, 10 years (the "10- year Limitation Date"), 12.5 years, 15 years, or 20 years, as applicable. Limitation Dates shall not be subject to adjustment in accordance with any Business Day Convention.

  • Calculation Date means each day on which the Reference Price is published by the Index Sponsor or the Index Calculation Agent, as the case may be.