Financial Covenant Period means a period which shall commence on any date (the "Commencement Date") on which Excess Availability is less than the Threshold Amount and shall continue until the later of: (a) the date that is the last day of the second full fiscal quarter after the Commencement Date, and (b) the last day of the fiscal quarter after the Commencement Date in which Average Availability for a period of 60 consecutive days is greater than or equal to the Threshold Amount.
Financial Covenant Period means a period which shall commence on any date of determination on which Excess Availability is less than the greater of (i) 10% of the Line Cap and (ii) $100,000,000, and shall continue until Excess Availability is not less than the greater of (a) 10% of the Line Cap and (b) $100,000,000 for a period of 60 consecutive days.
Financial Covenant Period means a period which shall commence (a) immediately on any date on which Availability plus Qualified Cash is less than $18,000,000, and (b) on any date on which Availability plus Qualified Cash has been less than $20,000,000 but equal to or greater than $18,000,000 for a period of 5 consecutive Business Days, and in each case such period shall continue until the date on which Availability plus Qualified Cash has been greater than or equal to $20,000,000 for a period of 30 days.
Examples of Financial Covenant Period in a sentence
Commencing on the date on which a Financial Covenant Period begins and measured as of the end of the fiscal month immediately preceding the date on which a Financial Covenant Period first begins and as of each fiscal month end thereafter during such Financial Covenant Period, Borrowers will have a Fixed Charge Coverage Ratio, measured on a trailing twelve month basis as of the end of each applicable calendar month, of at least 1.10:1.00.
Have a Fixed Charge Coverage Ratio measured on a month end basis, of at least 1.10:1.00 for the 12 month period ending on the first full month ended immediately prior to the date on which any Financial Covenant Period commences and for the 12 month period ending on the last day of each month thereafter during a Financial Covenant Period.
More Definitions of Financial Covenant Period
Financial Covenant Period means a period which shall commence on any date on which a Financial Covenant Trigger Event has occurred and shall continue until the date on which Agent has determined that no Financial Covenant Trigger Event exists or has existed for a period of sixty (60) consecutive days; provided, that in no event shall a Financial Covenant Period exist at any time during the period beginning on the Fifth Amendment Date through (and including) July 3, 2021.
Financial Covenant Period means a period which shall commence immediately on any date on which Adjusted Liquidity is less than 10% of the Commitments and shall continue until the date on which Adjusted Liquidity has been greater than or equal to 10% of the Commitments for a period of 30 consecutive days thereafter.
Financial Covenant Period means, in determining compliance with the financial covenants hereunder, with respect to each fiscal quarter, the financial information for the immediately preceding four fiscal quarters ending on the last day of such fiscal quarter.
Financial Covenant Period means (i) with respect to the fourth fiscal quarter of Fiscal Year 2001, the three fiscal months ending on the last day of such fiscal quarter; (ii) with respect to the first fiscal quarter of Fiscal Year 2002, the six fiscal months ending on the last day of such fiscal quarter; (iii) with respect to the second fiscal quarter of Fiscal Year 2002, the nine fiscal months ending on the last day of such fiscal quarter; and (iv) with respect to each fiscal quarter thereafter, the immediately preceding twelve fiscal months."
Financial Covenant Period means (a) if prior to the date on which the Company’s financial statements for the second quarter of 2003 are available, the Company’s most recently ended full fiscal quarter or quarters, as applicable, that commenced after the date of this Indenture for which internal financial statements are available immediately preceding the date on which the applicable Restricted Payment is made, additional Indebtedness is incurred or Disqualified Stock or preferred stock is issued or (b) if after the date on which the Company’s financial statements for the second quarter of 2003 are available, the Company’s most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which the applicable Restricted Payment is made, additional Indebtedness is incurred or Disqualified Stock or preferred stock is issued.
Financial Covenant Period means the four preceding Fiscal Quarters ending with the end of such Fiscal Quarter.
Financial Covenant Period means: (i) with respect to the first fiscal quarter of 1998, the period commencing on the Closing Date and ending on the last day of such fiscal quarter; (ii) with respect to the second fiscal quarter of 1998, the period commencing on January 1, 1998 and ending on the last day of such fiscal quarter; (iii) with respect to the third fiscal quarter of 1998, the period commencing on January 1, 1998 and ending on the last day of such fiscal quarter; (iv) with respect to the fourth fiscal quarter of 1998, the period commencing on January 1, 1998 and ending on the last day of such fiscal quarter; and (v) with respect to each fiscal quarter thereafter, the immediately preceding four fiscal quarter period.