Covenant Release Date definition

Covenant Release Date means the earlier to occur of the date on which (a) Toshiba properly delivers a Payment Obligation Suspension Notice to Beneficiary in accordance with Section 2.4 and (b) Toshiba is rated by Standard & Poor’s or Xxxxx’x Investor Service at or above the Minimum Rating.
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Covenant Release Date means the first Borrowing Base Redetermination Date on which the outstanding Senior Indebtedness (excluding any obligation of any kind under any Hedging Agreement) is less than or equal to the Borrowing Base set by the Senior Lenders pursuant to the Senior Credit Agreement.
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Covenant Release Date means the earlier to occur of the date on which (a) Toshiba properly delivers a Payment Obligation Suspension Notice to Beneficiary in accordance with Section 2.4 and (b) Toshiba is rated by Standard & Poor’s or Moody’s Investor Service at or above the Minimum Rating.
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Examples of Covenant Release Date in a sentence

  • With the occurrence of the Commitment Termination Date and the Revolver Covenant Release Date, the Revolving Credit Period ends and the Residual Credit Period begins.

  • During the period from the Closing Date through the Covenant Release Date, the Borrower will cause Brigxxx Exploration to deliver weekly cash budgets reasonably satisfactory to the Agent and each Lender and weekly cash flow statements reasonably satisfactory to the Agent and each Lender based on such form, with variance analysis to budget (including accounts receivables and accounts payables reporting) not later than the Friday following the week to which such budgets and statements relate.

  • At any time before or after giving effect to any Restricted Payment the Net Debt Leverage Ratio (as determined pursuant to clause (y) of the definition thereof, irrespective of whether the Senior Note Covenant Release Date has occurred) is less than or equal to 3.25 to 1.00, the Company and its Subsidiaries may make such Restricted Payment.

  • This clause shall be valid for 18 months from date of shipment or 12 months from date of commissioning of the items, whichever is earlier.

  • Effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 4(a), each Lender party hereto hereby consents to the automatic release of Holdings from its obligations under the Domestic Guarantee and Collateral Agreement upon the occurrence of the Holdings Covenant Release Date.


More Definitions of Covenant Release Date

Covenant Release Date means the first date on which (a) the Rollover Date shall have occurred, (b) the shelf registration statement shall have been filed with the SEC pursuant to Section 6.17(c), (c) no Specified Default shall have occurred and be continuing (unless in the case of a Specified Default under Section 8.0l(a), such Default shall have been cured or waived), and (d) no Event of Default relating to Section 6.16 or Section 6.17 shall have occurred and be continuing (unless such Event of Default shall have been cured or waived).
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Covenant Release Date means the first date that the senior unsecured long term debt securities of the Borrower without third party credit enhancement is rated either (a) Baa3 or better by Xxxxx’x and BBB or better by S&P or (b) Baa2 or better by Xxxxx’x and BBB- or better by S&P.
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Covenant Release Date has the meaning given to such term in Clause 15.6.
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Covenant Release Date means the earlier of (x) a Qualified Public Company Event or (y) a Qualified Financing.
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Related to Covenant Release Date

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

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

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).

  • Escrow Release Date has the meaning set forth in the Escrow Agreement.

  • Release Date means the date on which the Initial Shares are disbursed from escrow pursuant to Section 3 of that certain Stock Escrow Agreement dated as of the date hereof by and among the Investors and Continental Stock Transfer & Trust Company.

  • Current Release means that version of the Product installed on the Equipment at the Commencement Date and any modifications to it or if a new Release is available, that new Release installed on the Equipment and any modifications to it;

  • 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.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Non-Competition Period means the period the Executive is employed by the Company plus one (1) year from the Termination Date if the Executive's employment is terminated (i) by the Company for any reason, (ii) by the Executive for any reason, or (iii) by reason of either the Company's or the Executive's decision not to extend the term of this Agreement as contemplated by Section 1 hereof.

  • Conditional release means a revocable modification of a

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Release Expiration Date means the date that is twenty-one (21) days following the date upon which the Company timely delivers to Executive the Release (which shall occur no later than seven (7) days after the Date of Termination), or in the event that such termination of employment is “in connection with an exit incentive or other employment termination program” (as such phrase is defined in the Age Discrimination in Employment Act of 1967, as amended), the date that is forty-five (45) days following such delivery date.

  • Noncompetition Period has the meaning set forth in Section 9.01.

  • Collateral Release Period means, each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Threatened Release means a substantial likelihood of a Release which requires action to prevent or mitigate damage to the soil, surface waters, groundwaters, land, stream sediments, surface or subsurface strata, ambient air or any other environmental medium comprising or surrounding any Property which may result from such Release.

  • Nonsolicitation Period means the Employment Period and a period ending one year after the Date of Termination; and

  • Covenant Compliance Event means, at any time, Availability is less than the greater of (i) ten percent (10%) of the Loan Cap and (ii) $15,000,000. 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.

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

  • Covenant Compliance Worksheet means a fully completed worksheet in the form of Attachment A to Exhibit C.

  • Covenant Testing Period means a period (a) commencing on the last day of the fiscal month of Parent most recently ended prior to a Covenant Trigger Event for which Borrowers are required to deliver to Agent monthly financial statements pursuant to Schedule 5.1 to 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 (a) 15% of the Maximum Revolver Amount, and (b) $4,500,000 for 60 consecutive days.

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Waiver Period means, for each applicable fee, the period of time from the initial effective date of the MIAX PEARL 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 to the termination of the Waiver Period and effective date of any such applicable fee.

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Restrictive Covenant Agreements has the meaning set forth in the Recitals.

  • Release Effective Date means the date the Release becomes effective and irrevocable.