Debt Reserve Period means the period beginning on the 90th day prior to the maturity date of any Indebtedness of the type described in clause (t) of the definition of “Permitted Indebtedness” and in each case ending on the date of the repayment in full of such Indebtedness. If and to the extent that such Indebtedness is repaid by virtue of any Refinancing Debt, a subsequent Debt Maturity Reserve shall be imposed in an amount equal to the outstanding principal balance of such Refinancing Debt from and after the date that is ninety (90) days prior to the maturity date of such Refinancing Debt.
Debt Reserve Period means the period beginning on the 60th day prior to the maturity date of the Notes Facility and ending on the date of the repayment in full of the Notes Facility. If and to the extent that such Indebtedness is repaid by virtue of any Permitted Refinancing, a subsequent Debt Maturity Reserve shall be imposed in an amount equal to the outstanding principal balance of such Indebtedness from and after the date that is sixty (60) days prior to the maturity date of such Permitted Refinancing.
Debt Reserve Period means (i) the period beginning on the 91st day prior to the maturity date of the Indebtedness under the 2019 Senior Notes (and ending on the earlier of the repayment of such Indebtedness (including as a result of a Permitted Refinancing of such Indebtedness) or the extension of the maturity date of such Indebtedness to a date which is at least ninety-one (91) days after the then Maturity Date (the “2019 Notes Reserve Period”) and (ii) the period beginning on the 91st day prior to the maturity date of the Indebtedness under the 2021 Senior Notes and ending on the earlier of the repayment of such Indebtedness (including as a result of a Permitted Refinancing of such Indebtedness) or the extension of the maturity date of such Indebtedness to a date which is at least ninety-one (91) days after the then Maturity Date (the “2021 Notes Reserve Period”).
Examples of Debt Reserve Period in a sentence
During the Debt Reserve Period, permit average Excess Availability (after giving effect to the Debt Reserve (as the same may be reduced in connection with any permitted payments of the Qualified Senior Notes as provided in Section 6.06(b) hereof) to be less than 10% of the lesser of the Commitments of all Lenders and the Borrowing Base.
More Definitions of Debt Reserve Period
Debt Reserve Period means the period beginning on the 60th day prior to the stated maturity date of any Specified Debt and, in each case, ending on the date that is the earlier to occur of (i) the outstanding principal amount of such Specified Debt being less than or equal to $100,000,000 or (ii) the extension of the maturity date of such Specified Debt to a date which is at least 180 days after the Initial Maturity Date. If and to the extent that such Specified Debt, or any portion thereof, is Repaid by virtue of any Permitted Refinancing, a subsequent Debt Maturity Reserve shall be imposed in an amount equal to the excess (if any) of (a) the outstanding principal balance of such Permitted Refinancing Indebtedness over (b) $100,000,000 (reduced to give effect to any Repayment of such Permitted Refinancing Indebtedness made during such Debt Reserve Period to the extent such Repayment is permitted hereunder) from and after the date that is 60 days prior to the stated maturity date of such Permitted Refinancing Indebtedness and ending on the date that is the earlier to occur of (x) the outstanding principal amount of such Permitted Refinancing Indebtedness being less than or equal to $100,000,000 or (y) the extension of the maturity date of such Permitted Refinancing Indebtedness to a date which is at least 180 days after the Latest Maturity Date.
Debt Reserve Period means the period beginning on the 60th day prior to the maturity date of any Indebtedness for borrowed money (other than intercompany Indebtedness and Indebtedness under this Agreement) in an aggregate principal amount outstanding in excess of $50,000,000, and in each case ending on the earliest of (i) the date such Indebtedness is repaid in whole or in part such that the outstanding principal amount of such Indebtedness is equal to or less than $50,000,000 (including as a result of a Permitted Refinancing of such Indebtedness), (ii) the extension of the maturity date of such Indebtedness to a date which is on or after the date that is the earlier of (a) six months after the Maturity Date and (b) six months after the then maturity date of such Indebtedness, and (iii) the date such Indebtedness ceases to be Indebtedness pursuant to the last sentence of the definition of Indebtedness. If and to the extent that such Indebtedness is repaid by virtue of any Permitted Refinancing, a subsequent Debt Maturity Reserve may be imposed in an amount equal to the outstanding principal balance of such Indebtedness to the extent that it satisfies the requirements set forth in the definition of Debt Maturity Reserve from and after the date that is sixty (60) days prior to the maturity date of such Permitted Refinancing Indebtedness, until the earliest of the dates set forth in clauses (i) through (iii) above.
Debt Reserve Period means the period beginning 30 days prior to the scheduled maturity of the Qualified Senior Notes.
Debt Reserve Period means the period beginning on the 60th day prior to the maturity date of the Term Facility and ending on the date of the repayment in full of the Term Facility. If
Debt Reserve Period means the period, if any, (a) commencing on the first day following the Specified Convertible Notes Springing Reserve Date that Liquidity (after giving pro forma effect to the repayment in full of the Specified Convertible Notes) is less than $130,000,000 and (b) ending on the date that the Specified Convertible Notes are repaid in full. “Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. “Defaulting Lender” means any Lender that (a) has failed, within two (2) Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Xxxxxx’s good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified the Company or any Credit Party in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Xxxxxx’s good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three (3) Business Days after request by a Credit Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is financially able to meet such obligations) to fund prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Credit Party’s receipt of such certification in form and substance satisfactory to it and the Administrative Agent,...
Debt Reserve Period means the period beginning on the 45th day prior to the stated maturity date of any Specified Debt and in each case ending on the date that is the earlier to occur of (i) the Repayment in full of such Indebtedness, or (ii) the extension of the maturity date of such Specified Debt to a date which is at least one hundred eighty (180) days after the Initial Maturity Date. If and to the extent that such Indebtedness is Repaid by virtue of any Permitted Refinancing, a subsequent Debt Maturity Reserve shall be imposed in an amount equal to the outstanding principal balance of such Permitted Refinancing Indebtedness from and after the date that is forty-five (45) days prior to the stated maturity date of such Permitted Refinancing Indebtedness and ending on the date that is the earlier to occur of (i) the Repayment in full of such Permitted Refinancing Indebtedness, or (ii) the extension of the maturity date of such Permitted Refinancing Indebtedness to a date which is at least one hundred eighty (180) days after the Latest Maturity Date.
Debt Reserve Period means a period beginning on the 91st day prior to the maturity date of the Existing Convertible Notes and ending on the date of the repayment in full of the Existing Convertible Notes in respect thereof.