Financial Covenant Effectiveness Period definition

Financial Covenant Effectiveness Period means each period on or after the Second Restatement Effective Date commencing on and including any date on which Revolver Availability is less than $100,000,000 and ending on and excluding the first day thereafter, if any, which is the 30th consecutive calendar day on which Revolver Availability is equal to or greater than $100,000,000.
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Financial Covenant Effectiveness Period means each period, on or after the Closing Date, commencing on and including any date (a) on which ABL Availability is less than $200,000,000, or (b) which is the third consecutive Business Day on which ABL Availability is less than $250,000,000, and, in each case, ending on and excluding the first day thereafter, if any, which is the 30th consecutive calendar day on which ABL Availability is equal to or greater than $250,000,000.
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Financial Covenant Effectiveness Period means each period on or after the 2015 Restatement Effective Date commencing on and including any date (a) on which Revolver Availability is less than (i) in the case of dates prior to the 8.00% Secured Note Repayment Date, $175,000,000 and (ii) in the case of dates on and after the 8.00% Secured Note Repayment Date, $200,000,000, or (b) which is the third consecutive Business Day on which Revolver Availability is less than (i) in the case of dates prior to the 8.00% Secured Note Repayment Date, $225,000,000 and (ii) in the case of dates on or after the 8.00% Secured Note Repayment Date, $250,000,000, and, in each case, ending on and excluding the first day thereafter, if any, which is the 30th consecutive calendar day on which Revolver Availability is equal to or greater than (i) in the case of dates prior to the 8.00% Secured Note Repayment Date, $225,000,000, and (ii) in the case of dates on or after the 8.00% Secured Note Repayment Date, $250,000,000.
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Examples of Financial Covenant Effectiveness Period in a sentence

  • The Borrower will not permit the Consolidated Fixed Charge Coverage Ratio for the period of four consecutive fiscal quarters most recently ended on or prior to any day during a Financial Covenant Effectiveness Period to be less than 1.00 to 1.00.

Related to Financial Covenant Effectiveness Period

  • Shelf Effectiveness Period shall have the meaning set forth in Section 2(b) hereof.

  • Effectiveness Period shall have the meaning set forth in Section 2(a).

  • Required Effectiveness Date As defined in Section 2.1.

  • Financial Covenant means the covenant set forth in Section 7.09.

  • Shelf Effectiveness Deadline As defined in Section 4(a) hereof.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Effectiveness Target Date As defined in Section 5.

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Amendment Effectiveness Deadline Date has the meaning set forth in Section 2(d) hereof.

  • Initial Effectiveness Deadline means the date which is (i) in the event that the Initial Registration Statement is not subject to a full review by the SEC, sixty (60) calendar days after the Closing Date or (ii) in the event that the Initial Registration Statement is subject to a full review by the SEC, ninety (90) calendar days after the Closing Date.

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Four Quarter Period has the meaning set forth in the definition of “Consolidated Fixed Charge Coverage Ratio.”

  • Shelf Suspension Period See Section 3(a) hereof.

  • Shelf Period has the meaning set forth in Section 2.02(b).

  • Test Period means, on any date of determination, the period of four consecutive fiscal quarters of the Borrower then most recently ended (taken as one accounting period).

  • Additional Effectiveness Deadline means the date which is the earlier of (x) (i) in the event that the Additional Registration Statement is not subject to a full review by the SEC, thirty (30) calendar days after the earlier of the Additional Filing Date and the Additional Filing Deadline or (ii) in the event that the Additional Registration Statement is subject to a full review by the SEC, fifty (50) calendar days after the earlier of the Additional Filing Date and the Additional Filing Deadline and (y) the fifth (5th) Business Day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that such Additional Registration Statement will not be reviewed or will not be subject to further review; provided, however, that if the Additional Effectiveness Deadline falls on a Saturday, Sunday or other day that the SEC is closed for business, the Additional Effectiveness Deadline shall be extended to the next Business Day on which the SEC is open for business.

  • Significant Obligor NOI Quarterly Filing Deadline With respect to each calendar quarter (other than the fourth calendar quarter of any calendar year) and each Significant Obligor, the date that is fifteen (15) days after the Relevant Distribution Date occurring on or immediately following the date by which the related Mortgagor is required to deliver quarterly financial statements to the lender under the related Loan Agreement in connection with such calendar quarter (which date is set forth in Section 10.11(a) for any Significant Obligor with respect to the Trust).

  • Effectiveness Date means, with respect to the Initial Registration Statement required to be filed hereunder, the 60th calendar day following the date hereof (or, in the event of a “full review” by the Commission, the 90th calendar day following the date hereof) and with respect to any additional Registration Statements which may be required pursuant to Section 2(c) or Section 3(c), the 60th calendar day following the date on which an additional Registration Statement is required to be filed hereunder (or, in the event of a “full review” by the Commission, the 90th calendar day following the date such additional Registration Statement is required to be filed hereunder); provided, however, that in the event the Company is notified by the Commission that one or more of the above Registration Statements will not be reviewed or is no longer subject to further review and comments, the Effectiveness Date as to such Registration Statement shall be the fifth Trading Day following the date on which the Company is so notified if such date precedes the dates otherwise required above, provided, further, if such Effectiveness Date falls on a day that is not a Trading Day, then the Effectiveness Date shall be the next succeeding Trading Day.

  • Financial Covenant Debt of any Person means Indebtedness of the type specified in clauses (a), (b), (d), (e), (f) and (h) of the definition of “Indebtedness,” non-contingent obligations of the type specified in clause (c) of such definition and Guaranty Obligations of any of the foregoing.

  • Suspension Date has the meaning set forth in Section 4.18(a).

  • Significant Obligor NOI Yearly Filing Deadline With respect to each calendar year and each Significant Obligor, the date that is the 90th day after the end of such calendar year.

  • Consolidated Senior Leverage Ratio means, for any date of determination (i) Consolidated Funded Indebtedness on such date of determination (excluding the Unsecured Note Indebtedness) to (ii) Consolidated Adjusted EBITDA for the applicable period of four consecutive fiscal quarters.