Covenant Holiday Period definition
Covenant Holiday Period means the period of four consecutive fiscal quarters commencing on the first day of the fiscal quarter in which the consummation of the Covenant Holiday Acquisition occurs.
Covenant Holiday Period means the period commencing with the fiscal quarter of the Company ending on June 30, 2018 and ending immediately on the earlier of (i) the occurrence of any Covenant Reset Trigger and (ii) April 1, 2019.
Covenant Holiday Period shall have the meaning assigned thereto in Section 7.1.
Examples of Covenant Holiday Period in a sentence
Not permit the Secured Leverage Ratio as of the last day of any Computation Period (other than during a Covenant Holiday Period) to exceed 3.75 to 1.00 as of the last day of each Computation Period (or 4.25 to 1.00 during any Covenant Holiday Period).
More Definitions of Covenant Holiday Period
Covenant Holiday Period means a period of four consecutive Fiscal Quarters if, as of the last day of the first Fiscal Quarter of such period, the Company shall have consummated one or more Permitted Acquisitions during the two-quarter period then ending with an aggregate purchase price (including any Debt assumed or issued in connection therewith, the amount thereof to be calculated in accordance with GAAP, but excluding (x) any common stock of the Parent or (y) any cash received substantially concurrently with such Acquisition from the issuance of any common stock of the Parent) for all such acquisitions during such two-quarter period in excess of the Dollar Equivalent Amount of $150,000,000; provided, further, that after the occurrence of a Covenant Holiday Period, a subsequent Covenant Holiday Period may only occur, in accordance with the terms of this definition, after the maximum Secured Leverage Ratio has returned to 3.75 to 1.00 for at least one full Fiscal Quarter.
Covenant Holiday Period means a Total Leverage Holiday Period or a Senior Secured Leverage Holiday Period.
Covenant Holiday Period means a period of four consecutive Fiscal Quarters if, as of the last day of the first Fiscal Quarter of such period, the Borrower shall have notified the Administrative Agent that (i) it elects to utilize a Covenant Holiday Period and (ii) it has consummated one or more Permitted Acquisitions during such fiscal quarter involving aggregate consideration (including the projected amount of any earnout or purchase price adjustments estimated in good faith by a Responsible Officer of the Borrower as of the date a Covenant Holiday Period election is made pursuant to the preceding clause (i) but excluding consideration consisting of equity interests of the Borrower or cash proceeds from the issuance or sale of equity interests of the Borrower) for all such acquisitions during such fiscal quarter in excess of $50,000,000; provided, however, that (i) the Borrower may only make two such elections following the Effective Date and (ii) a new Covenant Holiday Period may not be elected for at least one fiscal quarter following the end of the initial Covenant Holiday Period.
Covenant Holiday Period means the period commencing on April 1, 2020 to and including September 30, 2020.
Covenant Holiday Period means a period of four consecutive Fiscal Quarters if, as of the last day of the first Fiscal Quarter of such period, the Company shall have consummated one or more Permitted Acquisitions during the two-quarter period then ending with an aggregate purchase price (including any Debt assumed or issued in connection therewith, the amount thereof to be calculated in accordance with GAAP, but excluding (x) any common stock of the Parent or (y) any cash received substantially concurrently with such Acquisition from the issuance of any common stock of the Parent) for all such acquisitions during such two-quarter period in excess of the Dollar Equivalent Amount of $150,000,000; provided that (i) a Covenant Holiday Period may not occur during the Elevated Covenant Period and (ii) following the termination of the Elevated Covenant Period, a new Covenant Holiday Period shall commence upon the satisfaction of the preceding conditions only if the Company delivers a written request therefor to the Administrative Agent; provided, further, that after the occurrence of a Covenant Holiday Period, a subsequent Covenant Holiday Period may only occur, in accordance with the terms of this definition, after the maximum Secured Leverage Ratio has returned to 4.003.50 to 1.00 for at least one full Fiscal Quarter.
Covenant Holiday Period means a period of four consecutive Fiscal Quarters if, as of the last day of the first Fiscal Quarter of such period, the Company shall have consummated one or more Permitted Acquisitions during the two-quarter period then ending with an aggregate purchase price (including any Debt assumed or issued in connection therewith, the amount thereof to be calculated in accordance with GAAP, but excluding (x) any common stock of the Parent or (y) any cash received substantially concurrently with such Acquisition from the issuance of any common stock of the Parent) for all such acquisitions during such two-quarter period in excess of the Dollar Equivalent Amount of $150,000,000; provided that (i) a Covenant Holiday Period may not occur during the Elevated Covenant Period and (ii) following the termination of the Elevated Covenant Period, a new Covenant Holiday Period shall commence upon the satisfaction of the preceding conditions only if the Company delivers a written request therefor to the Administrative Agent; provided, further, that after the occurrence of a Covenant Holiday Period, a subsequent Covenant Holiday Period may only occur, in accordance with the terms of this definition, after the maximum Secured Leverage Ratio has returned to 4.003.50 to 1.00 for at least one full Fiscal Quarter.