Payment Reinstatement Date definition

Payment Reinstatement Date means any date on which all of the following conditions are satisfied: (i) EBITDA of Holdings and its Subsidiaries for the twelve month period ending as of each of the two most recently ended Fiscal Quarters, in each case as reflected in the two most recently delivered Compliance Certificates delivered to the Agent pursuant to Section 4.2(b), is greater than $20,000,000 and (ii) after giving pro forma effect to any payments made or to be made on such date (including any payments of interest or principal with respect to the Obligations and/or any Second Lien Indebtedness), Liquidity is not less than $1,000,000.
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Payment Reinstatement Date means any date on which all of the following conditions are satisfied: (i) EBITDA of Holdings and its Subsidiaries for the twelve month period ending as of each of the two most recently ended Fiscal Quarters, in each case as reflected in the two most recently delivered Compliance Certificates delivered to the First Lien Agent pursuant to Section 4.2(b) of the First Lien Credit Agreement, is greater than $20,000,000, (ii) after giving pro forma effect to any payments made or to be made on such date (including any payments of interest or principal with respect to the Obligations and/or any First Lien Indebtedness), Liquidity is not less than $1,000,000, (iii) the Issuer has not exercised the “PIK Election” (as defined in First Lien Credit Agreement) with respect to interest owing on account of Term Loans or Original Revolving Loans (each under and as defined in the First Lien Credit Agreement) for the most recent “Interest Payment Date” (under and as defined in the First Lien Credit Agreement) for such Loans (as defined in the First Lien Credit Agreement) and (iv) the Issuer shall have paid in cash (x) the principal amount of “Term Loan A” (as defined in First Lien Credit Agreement) due and payable on account of Term Loans (as defined in First Lien Credit Agreement) held by First Amendment Non-Consenting Lenders (as defined in First Lien Credit Agreement) for the most recently ended quarterly period under Section 1.8(a)(i) of the First Lien Credit Agreement (as in effect on the Second Amendment Date) and (y) the principal amount of “Term Loan A” (as defined in First Lien Credit Agreement) which would have been due and payable on account of Term Loans (as defined in First Lien Credit Agreement) held by First Amendment Consenting Lenders (as defined in First Lien Credit Agreement) for the most recently ended quarterly period under Section 1.8(a)(i) of the First Lien Credit Agreement (as in effect on the Second Amendment Date) had payment of such amounts not been deferred pursuant to the terms of the First Amendment (as defined in the First Lien Credit Agreement).
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Related to Payment Reinstatement Date

  • Reinstatement Date means the date from which a policy will be reinstated after cancellation.

  • Non-Reinstatement Deadline has the meaning specified in Section 2.03(b)(iv).

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • Loss Payment Date has the meaning specified in Section 7.05(a) of the Indenture.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Final Repayment Date means the date falling on the earlier of (i) the date falling on the sixth anniversary of the Drawdown Date and (ii) 30 November 2023.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Payment Date means the first day of each calendar month.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Payment Determination Date means, with respect to any Payment Date, one (1) Business Day immediately preceding such Payment Date.

  • L/C Fee Payment Date the last day of each March, June, September and December and the last day of the Revolving Credit Commitment Period.

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

  • Early Payment Date (k) means the "Early Payment Date (k)" as specified in § 1 of the Product and Underlying Data.