Covenant Reinstatement Date definition

Covenant Reinstatement Date has the meaning assigned to it in Section 3.18.
Sample 1Sample 2Sample 3
Covenant Reinstatement Date has the meaning set forth in Section 6.9(a).
Sample 1

Examples of Covenant Reinstatement Date in a sentence

  • In the event that the Company and its Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time and on any subsequent date (the “Covenant Reinstatement Date”) the rating assigned by S&P and Moody’s to the Securities is not an Investment Grade Rating, then the Suspended Covenants will thereafter be reinstated as of and from such Covenant Reinstatement Date unless and until a subsequent Investment Grade Rating Event occurs.

  • The Company will give written notice to the Trustee of any such Covenant Reinstatement Date.

  • In the event that, following a Rating Event, one or both of the Rating Agencies subsequently withdraws its ratings or downgrades the ratings assigned to the Notes below Investment Grade, the Company and its Restricted Subsidiaries will thereafter again be subject to the Suspended Covenants from such date (a "Covenant Reinstatement Date") until the next subsequent Rating Event, if any (a "Covenant Reinstatement Period").

Related to Covenant Reinstatement Date

  • Non-Reinstatement Deadline has the meaning specified in Section 2.03(b)(iv).

  • Reinstatement Date means the date from which a policy will be reinstated after cancellation.

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

  • Covenant Testing Period means a period (a) commencing on the last day of the fiscal quarter of Borrower most recently ended prior to a Covenant Trigger Event for which Borrower is required to deliver to Administrative Agent quarterly or annual financial statements pursuant to Section 5.2 of this Agreement, and (b) continuing through and including the first day after such Covenant Trigger Event that Availability has equaled or exceeded the greater of (i) 10% of the Borrowing Limit, and (ii) $15,000,000 for 60 consecutive calendar days.

  • Extended Reporting Period means a designated period of time after a claims-made policy has expired during which a claim may be made and coverage triggered as if the claim has been made during the policy period.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • Covenant Compliance Event means that Excess Availability at any time is less than the greater of (a) ten (10%) percent of the Line Cap or (b) $7,000,000. For purposes hereof, the occurrence of a Covenant Compliance Event shall be deemed continuing until Excess Availability has exceeded the amounts set forth above for thirty (30) consecutive days, in which case a Covenant Compliance Event shall no longer be deemed to be continuing for purposes of this Agreement. 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.

  • 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.

  • Review Satisfaction Date means, with respect to any Asset Review, the first date on which (a) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger and (b) a Noteholder Direction with respect to such Asset Review has occurred.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Financial Performance Covenant means the covenant set forth in Section 6.10.

  • Covenant Trigger Period means the period (a) commencing on the date that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $50,000,000 and (b) continuing until there has been a period of 30 consecutive days thereafter during which at all times (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $50,000,000.

  • Waiver Period ’ means, for each applicable fee, the period of time from the initial effective date of the MIAX Emerald Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior

  • Addition Date means, with respect to the Additional Accounts designated hereby, , .

  • Extension Date has the meaning specified in Section 2.19(b).

  • Lease Termination Date means the last day of the Lease Term.

  • Assessment Date means the tax assessment effective date for each tax year in question,i.e. December 31 of the immediately preceding calendar year.

  • Covenant Suspension Event has the meaning assigned to such term in Section 4.19.

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

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

  • Fraud Loss Coverage Termination Date The point in time at which the Fraud Loss Coverage Amount is reduced to zero.

  • Statement Date means each date designated as such in the Series Term Sheet.