Covenant Relief Period definition

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

Covenant Relief Period means the period commencing on the First Amendment Effective Date and ending on (and including) the date of delivery of the Compliance Certificate for the fiscal quarter ending March 31, 2024, if such Compliance Certificate demonstrates compliance with Section 7.07.”

Covenant Relief Period means the period commencing on the Amendment No. 3 Effective Date and ending on (but excluding) the Covenant Relief Period Termination Date.

Examples of Covenant Relief Period in a sentence

• At all times during the Covenant Relief Period, the Company will comply with the Hedging Plan as in effect on the Effective Date.

• During the Covenant Relief Period, the Company shall pay the reasonable fees and expenses of (i) XxXxxxxx and XxxXxxxxxxx Canada Limited or another petroleum engineer engaged by the Majority Noteholders (or legal counsel on their behalf) and (ii) FTI Consulting, Inc.

• The increased interest rate applicable to the Notes shall be effective as of the date of effectiveness of the increased interest rate applicable to such loan and shall remain in effect until the earlier of (A) the end of the Covenant Relief Period or (B) the date such increased interest rate shall no longer apply to such loan.

• Any Collateral Document shall for any reason fail to create a valid and perfected security interest in any portion of the Collateral or Covenant Relief Period Collateral, as applicable, purported to be covered thereby, with the priority required by the applicable Collateral Document, except as (i) permitted by the terms of any Loan Document or (ii) as a result of the release of such security interest in accordance with the terms of any Loan Document.

• In June 2020, the Paramount Facility was amended, which amendments included:• a period of financial covenant relief to and including June 30, 2021 (the "Covenant Relief Period"), providing for a full waiver of the Senior Secured Debt to Consolidated EBITDA covenant and a reduction of the Consolidated EBITDA to Consolidated Interest Expense covenant in certain periods; and • a decrease in the size of the Paramount Facility to $1.0 billion.

More Definitions of Covenant Relief Period

Covenant Relief Period means the period commencing on the First Amendment Effective Date and ending on the earlier of (a) the date on which the Administrative Agent receives a Covenant Relief Period Termination Notice from the Initial Borrower and (b) the date on which the Administrative Agent receives from the Initial Borrower the Compliance Certificate and the financial statements delivered pursuant to Section 5.04(b) in respect of the fiscal quarter ending September 30, 2021 (such earlier date, the “Covenant Relief Period Termination Date”).

Covenant Relief Period means the period from March 1, 2015 to and including March 30, 2017, or, with the consent of the Company, such earlier date as all of the holders of the Notes may agree in their sole discretion.

Covenant Relief Period means the period commencing on June 30, 2020, and ending on (and including) the Covenant Relief Period Termination Date.

Covenant Relief Period means the period commencing on the First Amendment Effective Date and ending on the earlier of (i) the date on which Administrative Agent receives a Covenant Relief Period Termination Notice from the Company (this clause (i), an “Early Covenant Relief Termination”) and (ii) the day immediately following the date on which a Compliance Certificate is delivered pursuant to Section 7.02 for the Fiscal Quarter ending June 30, 2021 (such earlier date, the “Covenant Relief Period Termination Date”).

Covenant Relief Period means the period commencing on the First Amendment Effective Date and ending on the date on or after December 31, 2017 on which both (a) the Asset Coverage Ratio for any fiscal quarter ending on or after such date is greater than 1.75 to 1.00 and (b) the Leverage Ratio for each of two consecutive fiscal quarters ending on or after such date is less than 3.00 to 1.00, in each case, as evidenced by the financial statements and corresponding officer’s certificate delivered pursuant to Sections 7.1 and 7.2, respectively.

Covenant Relief Period means the period from and including the Third Amendment Effective Date through and including the earlier of (a) April 27, 2018, and (b) the date upon which the Borrower elects in its sole discretion to terminate such period by providing written notice to the Administrative Agent.

Covenant Relief Period means the period from the First Amendment Effective Date through and including March 30, 2014.