Liquidity Testing Period means the period commencing on the first date of the Relief Period and ending on the date of delivery of the Compliance Certificate with respect to the period ended March 31, 2022.
Liquidity Testing Period means the period commencing on October 31, 2020, through and including December 31, 2022.
Liquidity Testing Period means the period commencing on the first date of the Relief Period and ending on the date of delivery of the Compliance Certificate with respect to the period ended September 30, 2021.
Examples of Liquidity Testing Period in a sentence
During any Liquidity Testing Period, permit Liquidity to be less than $10,000,000 at any time.
More Definitions of Liquidity Testing Period
Liquidity Testing Period means (a) the period commencing on the Second Amendment Date and ending on the first date after June 30, 2017 on which a Compliance Certificate and corresponding financial statements are delivered to Agent demonstrating that the Net Senior Leverage Ratio for the most recently ended period of four consecutive Fiscal Quarters of Parent and its Subsidiaries is less than 4.25 to 1.00 (the period defined in this clause (a), the "Initial Liquidity Testing Period") and (b) with respect to any date after the Initial Liquidity Testing Period, the period commencing on the date on which a Compliance Certificate and corresponding financial statements are delivered to Agent demonstrating that the Net Senior Leverage Ratio for the most recently ended period of four consecutive Fiscal Quarters of Parent and its Subsidiaries is equal to or greater than 4.25 to 1.00, and ending on the next date on which a Compliance Certificate and corresponding financial statements are delivered to Agent demonstrating that the Net Senior Leverage Ratio for the most recently ended period of four consecutive Fiscal Quarters of Parent and its Subsidiaries is less than 4.25 to 1.00.
Liquidity Testing Period means the period commencing on October 31, 2020, throughthe Amendment No. 4 Effective Date and ending on and including December 31, 20222023 .
Liquidity Testing Period in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:
Liquidity Testing Period means the period commencing on the first date of the Relief Period and ending on the date of delivery of the Compliance Certificate with respect to the period ended March 31, 2022. “Loan” means an extension of credit by a Lender to the Borrower under Article II in the form of a Term Loan or a Revolving Credit Loan (including any Incremental Term Loans, any Extended Term Loans, loans made pursuant to any Additional Revolving Credit Commitment, loans made pursuant to Extended Revolving Credit Commitments) or a Swingline Loan. “Loan Documents” means, collectively, (i) this Agreement, (ii) the Notes, (iii) each Guaranty, (iv) the Collateral Documents and (v) any Acceptable Intercreditor Agreement that is entered into, in each case as amended. 47
Liquidity Testing Period the period from the Amendment No. 1 Effective Date to and including the date on which the Borrower delivers a Compliance Certificate pursuant to Section 7.2(a) in respect of the fiscal quarter ended March 31, 2021. “Loan”: any loans and advances made by the Lenders pursuant to this Agreement, including any Additional Term Loans, any Incremental Revolving Loans and any Swingline Loan. “Loan Documents”: this Agreement, the Security Documents and the Notes, the Notes and any other agreement, instrument or document designated in writing by the Borrower and the Administrative Agent as a “Loan Document”. “Loan Party”: each of Holdings, the Borrower and the Subsidiary Guarantors. “Long-Term Indebtedness”: any Indebtedness for borrowed money that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability (other than any revolving credit facility). “Majority Facility Lenders”: the holders of more than 50% of (a) with respect to the Initial Term Facility, the aggregate unpaid principal amount of the outstanding Initial Term Loans, (b) with respect to the any Additional Term Facility, the aggregate unpaid principal amount of the outstanding Additional Term Loans under such Additional Term Facility and (c) with respect to the Initial Revolving Facility, the total Initial Revolving Commitments outstanding under such facility (or, if the relevant Initial Revolving Commitments have been terminated pursuant to the terms hereof, the total Revolving Extensions of Credit under such Initial Revolving Commitment then outstanding). “Margin Stock”: as defined in Regulation U of the Board as from time to time in effect and any successor to all or a portion thereof. “Material Acquisition”: a Permitted Acquisition for which the aggregate amount of consideration paid or to be paid exceeds $35,000,000. “Material Adverse Effect”: (a) a material adverse change in, or a material adverse effect upon, the business, operations or financial condition of Holdings and its Subsidiaries, taken as a whole; (b) a material adverse effect on the ability of the Loan Parties taken as a whole to perform their respective payment obligations under any Loan Document; (c) a material and adverse effect on the rights of or remedies available to the Lenders or the Administrative Agent under any Loan Document; or (d) a material adverse effect on the Liens in favor of the Administrative Agent (for its benefit and for the benefit of the other Secured Parties) on the Collateral ...
Liquidity Testing Period means the period commencing on October 31, 2020, through and including December 31, 2021. “Loan” means a Revolving Loan or a Swing Line Loan, as applicable.