Material Acquisition Period means each period of four (4) consecutive fiscal quarters of the Company commencing with the fiscal quarter in which one or more of the Company and any Subsidiary has consummated (a) one or more Acquisitions of equity interests in entities that become Subsidiaries upon such Acquisition or (b) one or more acquisitions from an entity of a business or a brand, if the consideration paid for such Acquisitions under clause (a) and/or (b) (including, without limitation, Indebtedness of the new Subsidiary and, without duplication, any Indebtedness of such entity that is assumed by any one or more of the Company and its Subsidiaries), taken together with the aggregate consideration (including assumed Indebtedness as aforesaid) paid for all other such Acquisitions consummated during the immediately preceding three (3) fiscal quarters of the Company, is equal to or greater than the Material Acquisition Amount; provided that a new Material Acquisition Period may not be commenced until such time as at least two (2) complete consecutive fiscal quarters have elapsed since the expiration of the last previous Material Acquisition Period.”
Material Acquisition Period means the Fiscal Quarter during which a Material Acquisition was consummated and the immediately following four Fiscal Quarters; provided, however, that (i) no Material Acquisition Period shall occur unless Borrower designates, on or prior to the consummation of the applicable Material Acquisition, in writing to the Administrative Agent such period as a Material Acquisition Period, (ii) there shall be no more than two Material Acquisition Periods during the term of this Agreement and (iii) there must be at least one full Fiscal Quarter between the end of the first Material Acquisition Period and the commencement of the second Material Acquisition Period.
Material Acquisition Period means each period that commences on the date that a Material Acquisition is consummated through and including the last day of the third full fiscal quarter that follows such date.
Examples of Material Acquisition Period in a sentence
The Company and its consolidated Subsidiaries will not permit the ratio (the “Leverage Ratio”) of (a) Net Indebtedness to (b) EBITDA to be greater than (x) 4.0 to 1.0 during any Material Acquisition Period or (y) 3.5 to 1.0 at any other time.
Permit (i) at any time other than during a Material Acquisition Period, Consolidated Total Secured Indebtedness to be greater than 50% of the Secured Total Asset Value at such time (ii) at any time during a Material Acquisition Period, Consolidated Total Secured Indebtedness to be greater than 55% of the Secured Total Asset Value at such time.
The Company and its consolidated Subsidiaries will not permit the ratio (the “Leverage Ratio”) of (a) (x) at any time the numerator of the leverage ratio covenant set forth in each Applicable Major Credit Facility is Consolidated Total Net Debt, Consolidated Total Net Debt, or (y) at any other time, Net Indebtedness to (b) EBITDA to be greater than (x) 4.0 to 1.0 during any Material Acquisition Period or (y) 3.5 to 1.0 at any other time.
Chapter Four will consist of an in depth look at the term tanāsokh, its definition and the application of said definition, by different scholars, in different contexts.
The Borrower may exercise the foregoing option two times during the term of this Agreement; provided that at least two consecutive fiscal quarters that are not part of a Material Acquisition Period shall occur between Material Acquisition Periods.
More Definitions of Material Acquisition Period
Material Acquisition Period means any period commencing on the date that a Material Acquisition is consummated through and including the last day of the fourth full fiscal quarter following the date on which such Material Acquisition is consummated.
Material Acquisition Period means each of the first three (3) periods occurring after the Restatement Effective Date that commences on the date that a Material Acquisition is consummated through and including the last day of the third full fiscal quarter that follows such date. For the avoidance of doubt, in no event will there be more than three (3) Material Acquisition Periods during the period commencing on the Restatement Effective Date and ending on the later of the Maturity Date for the Revolving Credit Facility and the Maturity Date for the Term Facility.
Material Acquisition Period means the fiscal quarter during which a Material Acquisition was consummated and the immediately following three fiscal quarters; provided, however, that no Material Acquisition Period shall occur unless Parent designates, on or prior to the consummation of the applicable Material Acquisition, in writing to the Administrative Agent such period as a Material Acquisition Period.
Material Acquisition Period means each period of six consecutive
Material Acquisition Period means each period of four (4) consecutive fiscal quarters of the Company commencing with the fiscal quarter in which one or more of the Company and any Subsidiary has consummated (a) one or more Acquisitions of equity interests in entities that become Subsidiaries upon such Acquisition or (b) one or more acquisitions from an entity of a business or a brand, if the consideration paid for such Acquisitions under clause (a) and/or (b) (including, without limitation, Indebtedness of the new Subsidiary and, without duplication, any Indebtedness of such entity that is assumed by any one or more of the Company and its Subsidiaries), taken together with the aggregate consideration (including assumed Indebtedness as aforesaid) paid for all other such Acquisitions consummated during the immediately preceding three (3) fiscal quarters of the Company, is equal to or greater than the Material Acquisition Amount; provided that a new Material Acquisition Period may not be commenced until such time as at least two (2) complete consecutive fiscal quarters have elapsed since the expiration of the last previous Material Acquisition Period.
Material Acquisition Period means each of the first two (2) periods occurring after the Second Amendment Effective Date that commences on the date that a Material Acquisition is consummated through and including the last day of the second, consecutive full fiscal quarter (each a “MAP End Date”) that follows such date; provided, that Material Acquisition Periods may not be consecutive unless Total Indebtedness is less than 60% of the Total Asset Value as of the first MAP End Date. For the avoidance of doubt, in no event will there be more than two (2) Material Acquisition Periods during the period commencing on the Second Amendment Effective Date and ending on the Maturity Date.
Material Acquisition Period means each period of six consecutive fiscal quarters of the Company commencing with the fiscal quarter in which one or more of the Company and a Subsidiary has consummated (i) one or more acquisitions of Equity Interests in Persons that become Subsidiaries upon such acquisition or (ii) one or more acquisitions from a Person or a business; provided, that the aggregate consideration paid for any such acquisitions pursuant to (including, without limitation, Indebtedness of the new Subsidiary and, without duplication, any Indebtedness of such Persons that is assumed by any one or more of the Company and/or a Subsidiary), taken together with the aggregate consideration (including assumed Indebtedness as aforesaid) paid for all other such acquisitions consummated during the immediately preceding three fiscal quarters of the Company, is equal to at least $250,000,000." and