Covenant Waiver Period definition

Covenant Waiver Period means the period commencing with the fiscal quarter ending June 30, 2020 and ending on the earlier of (i) the date the Borrower shall be required to deliver the compliance certificate to be delivered with respect to the fiscal quarter ending June 30, 2021 in accordance with Section 5.01(d) and (ii) the Covenant Compliance Date.>

Covenant Waiver Period means the period commencing on January 1, 2020 and ending on the earlier to occur of (a) the date that the Administrative Agent receives a written notice from the Company making an irrevocable election to terminate such period and (b) AprilJanuary 1, 20212022 .

Covenant Waiver Period means the period commencing on the Second Amendment Effective Date and ending on the earlier to occur of (a) for purposes of Sections 7.11(d) and (e), (i) the date the Borrower is required to deliver a duly completed Compliance Certificate for the fiscal quarter ending June 30March 31, 20212022 pursuant to Section 6.02(a) (or, if earlier, the date on which the Borrower delivers such Compliance Certificate pursuant to Section 6.02(a)) and (ii) the date the Borrower delivers a Compliance Certificate in accordance with Section 6.02(a) with respect to any fiscal quarter ending after the Second Amendment Effective Date but prior to March 31, 2022, together with a written notice to the Administrative Agent irrevocably electing to terminate the Covenant Waiver Period concurrently with such delivery, and (b) for all other purposes under this Agreement, (i) the date the Borrower is required to deliver a duly completed Compliance Certificate for the fiscal quarter ending June 30, 2022 pursuant to Section 6.02(a) (or, if earlier, the date on which the Borrower delivers such Compliance Certificate pursuant to Section 6.02(a)) and (bii) the date the Borrower delivers a Compliance Certificate in accordance with Section 6.02(a) with respect to any fiscal quarter ending after the Second Amendment Effective Date but prior to June 30, 20212022, together with a written notice to the Administrative Agent irrevocably electing to terminate the Covenant Waiver Period concurrently with such delivery.

Examples of Covenant Waiver Period in a sentence

• For<Commencing with the final fiscal quarter occurring during the Covenant Waiver Period (which shall in no event be later than the fiscal quarter ending June 30, 2021), for> any period of four consecutive fiscal quarters of the Borrower then ended< (subject to Section 6.12(h))>, the ratio of Consolidated EBITDA for such period to Consolidated Fixed Charges for such period to be less than 1.50 to 1.0.

• Notwithstanding the foregoing, to the extent the Financial Covenant Waiver Period is in effect, the foregoing financial covenant shall not be applicable with respect to such period.

• The Borrower shall make mandatory principal prepayments of the Loans in the manner set forth in Section 2.11(c) in an amount equal to the Applicable Percentage of the aggregate Net Cash Proceeds from any Equity Issuance occurring during the Covenant Waiver Period.

• Credit Parties will not permit the consolidated EBITDA of the Credit Parties for any Defined Period, as tested quarterly on the last day of the applicable Defined Period (other than any Defined Period ending during a Minimum EBITDA Covenant Waiver Period that has not been terminated on such date of determination as a result of the Credit Parties’ failure to maintain Liquidity in excess of the Liquidity Threshold), to be less than $500,000.

• Upon the release of any Covenant Waiver Period Collateral pursuant to this Section 5.13(a), the Administrative Agent shall (to the extent applicable) deliver to the Borrower (or instruct the Collateral Agent to deliver), upon the Borrower’s request and at the Borrower’s expense, such documentation as may be reasonably satisfactory to the Administrative Agent and otherwise necessary or advisable to evidence the release of such Covenant Waiver Period Collateral from its obligations under the Loan Documents.

More Definitions of Covenant Waiver Period

Covenant Waiver Period means the period commencing on the date of this Agreement and ending on 1 January 2010 (or such later date as the Lender may agree with the Borrowers);

Covenant Waiver Period means the period commencing on the Second Amendment Effective Date and ending on the earlier to occur of (a) the date the Borrower is required to deliver a duly completed Compliance Certificate for the fiscal quarter ending June 30, 2021 pursuant to Section 5.03(d) (or, if earlier, the date on which the Borrower delivers such Compliance Certificate pursuant to Section 5.03(d)) and (b) the date the Borrower delivers a Compliance Certificate in accordance with Section 5.03(d) with respect to any fiscal quarter ending after the Second Amendment Effective Date but prior to June 30, 2021, together with a written notice to the Administrative Agent irrevocably electing to terminate the Covenant Waiver Period concurrently with such delivery.

Covenant Waiver Period means the period from and after the Amendment No. 4 Effective Date to and including the earliest of (i) the day immediately preceding the last day of the Test Period ending on (or about) March 31, 2022 and (ii) the day immediately preceding the last day of the Test Period during which the Borrower has delivered a written notice to the Administrative Agent electing to terminate the Covenant Waiver Period (a “Covenant Waiver Termination Notice”) (e.g., assuming Fiscal Quarters ending on calendar quarter-ends, if such Covenant Waiver Termination Notice is delivered on October 1, 2020, then December 30, 2020, and the first reinstituted testing of the Financial Covenant would occur for the Fiscal Quarter ending on December 31, 2020, but solely to the extent the Revolving Facility Test Conditions are satisfied on December 31, 2020).

Covenant Waiver Period means the period commencing retroactively, as of June 30, 2000 and ending as of close of business on November 20, 2000."

Covenant Waiver Period appearing in Article 1 of the Agreement is hereby amended and restated in its entirety as follows:

Covenant Waiver Period means the period commencing on March 31, 2020 and ending on and including December 31, 2020.”

Covenant Waiver Period means the period commencing with the fiscal quarter ending June 30, 2020 and continuing through and including the quarter ending September 30, 2020.>