Covenant Trigger Date shall have the meaning specified in Section 7.03(b).

Covenant Trigger Date has the meaning specified in Section 8.9.

Covenant Trigger Date means the earlier of (i) 24 months from the Issue Date and (ii) the date that the Net Income Threshold is met.

Examples of Covenant Trigger Date in a sentence

The Borrower will not permit, as of the last day of any fiscal quarter, the ratio of Consolidated Indebtedness for Borrowed Money as of such date to Consolidated Capitalization as of such date to exceed 65%; provided, however, during each period after the occurrence of a Storm Certificate Effective Date until the applicable Other Covenant Trigger Date, the applicable ratio shall be 70%.
Prior to the Covenant Trigger Date, permit any Subsidiary (other than an SPV) to incur or permit to exist any restriction (except statutory and regulatory restrictions imposed by foreign Governmental Authorities) on such Subsidiary’s ability to pay dividends to the Borrower or its Subsidiaries or to otherwise transfer earnings or assets to the Borrower or its Subsidiaries.
Industrial Relations Cell work towards opening the various avenues where University can collaborate with the industry.
For the avoidance of doubt, the negative covenant set forth in this Section 7.06 shall not apply on or after the Covenant Trigger Date.
For the avoidance of doubt, the Consolidated Interest Coverage Ratio will not apply prior to the Covenant Trigger Date.

More Definitions of Covenant Trigger Date

Covenant Trigger Date means any date Undrawn Availability is less than twelve and one-half percent (12.5%) of the Maximum Loan Amount for five (5) consecutive days.

Covenant Trigger Date means any day on which Borrower fails to maintain Excess Availability in an amount at least equal to 12.5% of the Maximum Revolver Amount.

Covenant Trigger Date means the earlier to occur of (x) the issuance, in one or more transactions, of Securitization Securities in respect of all Storm Restoration Cost Recoveries and (y) December 31, 2009.

Covenant Trigger Date means the first date that the Company’s Consolidated Fixed Charge Coverage Ratio is at least 2.0 to 1.0 for any four consecutive fiscal quarters ended on or after the Issue Date.

Covenant Trigger Date means the first date to occur after the Closing Date on which either (a) the applicable terms and provisions of the 2014 Note Purchase Agreement have been amended to conform to the corresponding terms and provisions of this Agreement as they would be in effect upon and after the occurrence of the “Covenant Trigger Date”, as determined by the Administrative Agent in its reasonable discretion or (b) the 2014 Notes shall have been repaid in full and the 2014 Note Purchase Agreement and all documentation entered into in connection therewith shall have been terminated.

Covenant Trigger Date means the earlier to occur of: (i) the Spin-Off Effective Date and (ii) Availability Effective Date.

Covenant Trigger Date means the earlier of (i) 24 months from the Closing Date and (ii) the date that the Net Income Threshold is met.