Covenant Determination Date definition

Covenant Determination Date means, at any particular time, the last day of the then most recent Fiscal Quarter of the Parent Company for which financial statements of the Parent Company have been furnished to the Administrative Agent pursuant to Section 7.1(a) or Section 7.1(b).
Sample 1Sample 2
Covenant Determination Date means, at any particular time, the last day of the then most recent Fiscal Quarter of the Borrower and its Subsidiaries for which financial statements of the Borrower and its Subsidiaries have been furnished to the Administrative Agent pursuant to Section 6.01(a) or Section 6.01(b).
Sample 1Sample 2
Covenant Determination Date means the date that is sixty (60) days following the end of each calendar quarter following the First Covenant Determination Quarterly Period; provided, however, such calculation shall give effect to any collateral released in accordance with the terms of this Agreement.
Sample 1

Examples of Covenant Determination Date in a sentence

  • The Borrower shall deliver to the Bank within thirty (30) days after each Financial Covenant Determination Date, a certificate of an Authorized Officer of the Borrower certifying, in form and substance acceptable to the Bank, the Borrower’s Days Cash on Hand and Debt Service Coverage Ratio as of such Financial Covenant Determination Date, and providing the basis for such calculation.

  • The Borrower shall deliver to the Bank within thirty (30) days after each Financial Covenant Determination Date, a certificate of an Authorized Officer of the Borrower certifying, in form and substance acceptable to the Bank, the Borrower’s Operating Reserve Fund balance and Debt Service Coverage Ratio as of such Financial Covenant Determination Date, and providing the basis for such calculation.

  • The Borrower shall provide written evidence of its compliance with the requirements set forth in clauses (i), (ii) and (iii) above on the last day of each such period and shall provide written evidence of its compliance with the requirements of clause (iv) above on November 1, 2019 and on each Financial Covenant Determination Date thereafter.


More Definitions of Covenant Determination Date

Covenant Determination Date means the date on which the Borrower is required, pursuant to the terms hereof, to have reported quarter-end financial information for the period ending June 30, 2014 and for subsequent dates related to the reporting periods ending on each December 31 and June 30 thereafter during the term of the Loan.
Sample 1
Covenant Determination Date means, at any particular time, the last day of the then most recent Fiscal Quarter of the Borrower for which financial statements of the Borrower have been furnished to the Administrative Agent pursuant to Section 7.1(a) or Section 7.1(b).
Sample 1
Covenant Determination Date means, at any particular time, the last day of the then most recent Fiscal Quarter of the Parent Company for which financial statements of the Parent Company have been furnished to the Administrative Agent pursuant to SECTION 8.1(a) or SECTION 8.1(b).
Sample 1

Related to Covenant Determination Date

  • Event Determination Date means either:

  • Payment Determination Date means, with respect to any Payment Date, one (1) Business Day immediately preceding such Payment Date.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date, in respect of the first Subsequent Reset Period, the second Business Day prior to the Second Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.

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

  • 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.

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Final Determination Date means the following:

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;

  • Monthly Report Determination Date The meaning specified in Section 10.7(a).

  • SOFR Interest Determination Date means the day that is the number of U.S. Government Securities Business Days prior to the Interest Payment Date in respect of the relevant Interest Period, as specified in the applicable Pricing Supplement.In addition to the Interest Periods and the Interest Payment Dates, the applicable Pricing Supplement shall specify and describe, as applicable, any relevant interest commencement date, interest period end date, interest determination date, index maturity, rate cut-off date, any other terms relating to the particular method of calculating interest on the Average SOFR Note (including any applicable payment delay, lockout or suspension period, lookback or observation shift) and any other terms applicable specifically to such Average SOFR Note.Term SOFR NotesUnless otherwise provided for or modified in the applicable Pricing Supplement, Term SOFR Notes will bear interest at a rate per annum equal to Term SOFR (as defined below) (or Specified-Tenor Term SOFR (as defined below)), plus the Spread.

  • Spread Determination Date means, for the reset rate notes, any time after the Notice Date but no later than 3:00 p.m., New York City time, on the third business day prior to the related reset date.

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent).

  • 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.

  • SOFR Determination Time means 3:00 p.m. (New York time) on the U.S. Government Securities Business Day, at which time Compounded SOFR is published on the FRBNY’s Website.

  • Distribution Determination Date means, in respect of any Distribution Period, that number of business days prior thereto as is set out in the applicable Pricing Supplement or on the face of the relevant Perpetual Security;

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • 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.

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

  • 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.

  • Date of Determination means the date as of which a benefit is to be calculated under the Plan, as specified in each relevant Section, and being one of:

  • Reset Dividend Determination Date means, in respect of any Reset Period, the day falling three Business Days prior to the beginning of such Reset Period.

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • Determination Time in relation to a Distribution Date means on or about 11.00am Sydney time 1 Business Day prior to that Distribution Date.

  • 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).