Covenant Increase Period definition

Covenant Increase Period has the meaning set forth in Section 7.07(b).
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Covenant Increase Period means the period commencing on the Third Amendment Effective Date, and ending on the earlier of (a) January 1, 2022 and (b) the date on which FCX delivers a Covenant Reversion Notice.
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Covenant Increase Period means the period commencing on April 30, 2020, and ending on the earlier of (a) the date on which the Borrower delivers a certificate pursuant to Section 7.1(c) with respect to the fiscal quarter ending September 30, 2021, or (b) the date on which the Borrower delivers a Covenant Reversion Notice.
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Examples of Covenant Increase Period in a sentence

  • Solely during the Covenant Increase Period, after giving pro forma effect to the making of a Loan (and the application of the proceeds thereof), the Consolidated Cash Balance as of the end of the Business Day immediately prior to the date of the applicable Notice of Borrowing or Swing Line Loan Request, as the case may be, shall not exceed $1,050,000,000.

  • The delivery of each Notice of Borrowing, each request for a Letter of Credit and each Swing Line Loan Request shall constitute a representation and warranty by the Borrower of the correctness of the matters specified in subsections (b), (c) and (d) above and, solely during the Covenant Increase Period, subsection (e) above.

Related to Covenant Increase Period

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • CPI Increase means the percentage increase in CPI over the preceding Lease Year as calculated by the fraction whose numerator is (a) the most current CPI available on the date of calculation minus (b) the most current CPI available on the first day of the immediately preceding Lease Year in question (the “Base CPI”), and whose denominator is the Base CPI, but in no event shall the “CPI Increase” be less than zero.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Facility Increase has the meaning provided in Section 2.15(a).

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Commitment Increase Agreement has the meaning assigned to such term in Section 2.20.

  • Extended Use Period means the period beginning on the 1st day in the compliance period on which such building is part of a qualified low-income housing project, and ending on the later of the date specified by such agency in such agreement, or the date which is 15 years after the close of the compliance period.

  • Grace Period Extension Date means, if:

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Additional Day-ahead Scheduling Reserves Requirement means the portion of the Day- ahead Scheduling Reserves Requirement that is required in addition to the Base Day-ahead Scheduling Reserves Requirement to ensure adequate resources are procured to meet real-time load and operational needs, as specified in the PJM Manuals.

  • Annual increase means, initially, fifty-nine cents per month

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Initial compliance period means the first full three-year compliance period which begins at least 18 months after promulgation, except for the following contaminants: Dichloromethane; 1,2,4-Trichlorobenzene; 1,1,2- Trichloroethane; Benzo[a]pyrene; Dalapon; Di(2-ethylhexyl adipate; Di(2-ethylhexyl) phthalate; Dinoseb; Diquat; Endothall; Endrin; Glyphosate; Hexachlorobenzene; Hexachlorocyclopentadiene; Oxamyl (Vydate); Picloram; Simazine; 2,3,7,8-TCDD (Dioxin); Antimony; Beryllium; Cyanide; Nickel; and Thallium, initial compliance period means the first full three-year compliance period after promulgation for systems with 150 or more service connections (January 1993 -December 1995) and first full three-year compliance period after the effective date of regulation (January 1996 - December 1998) for systems having fewer than 150 service connections.

  • Merit Increase means an increase in the rate of pay of an employee within the employee’s pay range which may be granted in recognition of satisfactory service on the employee’s anniversary date.

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Increase Amount is defined in Section 2.3(a).

  • Initial Term Facility means the Initial Term Loan Commitment and the Initial Term Loans made hereunder.

  • Increased Facility Activation Notice a notice substantially in the form of Exhibit G.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • Net emissions increase means, with respect to any regulated NSR pollutant emitted by a major stationary source, the amount by which the sum of the following exceeds zero:

  • Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Commitment Increase has the meaning specified in Section 2.18(a).