Covenant Computation Date definition

Covenant Computation Date means the last day of each fiscal quarter of the Borrower, commencing on October 6, 2002.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Covenant Computation Date means the last day of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending on November 27, 1999.

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.

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.
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 Co-Borrowers shall maintain the Leverage Ratio of the Consolidated Group at not more than 2.85 to 1.00.
Lowrance sells 100% of the shares he then owns directly, ▇▇ ▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ent or registered public offering or through Rule 144 sales; or (b) upon the sale by the Company of all or substantially all of the Company's assets and operations to a third party; or (c) on or after July 24, 2010.
As of each Covenant Computation Date, the Co-Borrowers shall maintain, the Interest Coverage Ratio of the Consolidated Group at not less than 3.5 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 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 Leverage Ratio of the Consolidated Group at not more than 2.75 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 Borrower and its Subsidiaries, on a consolidated basis, will maintain a Fixed Charge Coverage Ratio at not less than 2.00 to 1.00.

More Definitions of Covenant Computation Date

Covenant Computation Date means the last day of each calendar quarter, commencing June 30, 1997.

Covenant Computation Date means, at any time, the last day of the most recently completed month.

Covenant Computation Date means the last day of each fiscal quarter of a Person, commencing on December 31, 2005.

Covenant Computation Date means the last day of each Fiscal Quarter of G&K Inc., commencing on September 30, 1997.

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).