Modification Period definition

Modification Period means the remainder of the Initial or the then current Extended Term, as applicable, of this Agreement, following the change in Executive’s employment status from that of a full-time employee to that of a part-time employee under Paragraph 14 of this Agreement.

Modification Period means the period commencing as of May 6, 2009 and continuing through, but excluding, the Modification Period Termination Date.

Modification Period means the period beginning with the fiscal quarter ended March 31, 2020 and ending with the fiscal quarter ending June 30, 2021.

Examples of Modification Period in a sentence

• Subject to the terms and conditions set forth herein, so long as no Modification Termination Event (as defined below) shall have occurred, each of the Agent and the Lender agrees that the occurrence and continuance of any of the Covered Events shall not constitute Events of Default from the Effective Date through the earliest to occur of any Modification Termination Event (the “Modification Period”) and, for the avoidance of doubt, that the Default Rate shall not apply during the Modification Period.

• The Modification Period shall commence immediately upon Company giving Executive written notice of such change.

• During the Modification Period, the amount of interest payable shall be computed on the basis of a 360-day year of twelve 30-day months and the amount payable for any partial period shall be computed on the basis of the number of days elapsed in a 360-day year of twelve 30-day months.

• At any time during the then current Initial or Extended Term, as applicable, of this Agreement, a majority of the Board of Directors of Company shall have the absolute right, with or without cause and without terminating this Agreement or Executive's employment hereunder, to modify the nature of Executive's employment for the remainder of the then current Initial or Extended Term, as applicable, of this Agreement, from that of a full-time employee to that of a part-time employee ("Modification Period").

• At the termination of the No Modification Period, Seller may, in its sole and absolute discretion, enter into any modification, supplement or amendment of the Development Agreement, the CCRs and/or the ARSDO, whether or not the transaction contemplated by this Agreement has been consummated.

More Definitions of Modification Period

Modification Period has the meaning specified in the form of Senior Note set forth in Section 2.1.

Modification Period means the means the period commencing on May 1, 2009 and continuing through and including July 31, 2012.

Modification Period means the period commencing on April 30, 2010, and continuing through and including April 30, 2015, unless sooner terminated as set forth in Section 1.14.

Modification Period means the period commencing on the Third Amendment Effective Date and ending on the later of (i) December 31, 2022, and (ii) the date upon which the Renin Group demonstrates compliance with a Total Leverage Ratio of <3.00x and a FCCR of >1.1x, each on a trailing twelve month Consolidated Adjusted EBITDA basis, as evidenced and demonstrated by an accompanying completed and executed compliance certificate delivered by the Borrowers to the Bank, and which certificate is confirmed in writing to be satisfactory by the Bank. AMENDMENT

Modification Period means the period commencing on the Second Amendment Effective Date and ending on the earlier of: (a) the date elected by Borrower pursuant to a written notice to Administrative Agent; provided that Borrower may not make such election unless the ratio of EBITDA to Fixed Charges, calculated in accordance with Section 7.16, is at least 2.0 to 1.0 as of the last day of the immediately preceding two (2) fiscal quarters of Borrower prior to such date; and (b) December 31, 2008.

Modification Period the period beginning on the First Amendment Effective Date and ending on the Modification Period Termination Date. “Modification Period Termination Date”: the date that is the earlier of (i) December 31, 2021 and (ii) the Optional Modification Period Termination Date. “Money Laundering Control Act”: the Money Laundering Control Act of 1986, as amended from time to time. “Moody’s”: Xxxxx’x Investors Service, Inc. and its successors. “Mortgage Financing”: Indebtedness of the type permitted by Section 7.2(h).

Modification Period the period beginning on the First Amendment Effective Date and ending on March 31, 2021.