Ratio Adjustment Period definition

Ratio Adjustment Period means, the period commencing on the First Amendment Effective Date and ending on the date which is the date the Borrower Representative has delivered a Compliance Certificate pursuant to Section 5.09.5 for the Fiscal Quarter ending June 30, 2025 which contains calculations demonstrating that the Total Net Leverage Ratio is less than 3:00 to 1.00 for the applicablesuch Measurement Period.
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Ratio Adjustment Period means the period commencing on the last day of the Covenant Relief Period and ending on the date which is the earliest of (i) the date the Borrower has delivered a notice (which notice shall certify that the requirements have been met to deliver such notice) to the Administrative Agent electing to terminate the Ratio Adjustment Period; provided that such notice cannot be provided sooner than the last day of the Restriction Period, (ii) the date the Borrower has delivered a notice to the Administrative Agent to effect the Security Release Date and (iii) April 1, 2023.
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Ratio Adjustment Period means the period commencing on the last day of the Covenant Relief Period and continuing through and including the earliest of (i) the date the Borrower has delivered a notice (which notice shall certify that the requirements have been met to deliver such notice) to the Administrative Agent electing to terminate the Ratio Adjustment Period; provided that such notice cannot be provided sooner than the last day of the Restriction Period, (ii) the date the Borrower has delivered a notice to the Administrative Agent to effect the Security Release Date and (iii) January 1, 2022.
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Examples of Ratio Adjustment Period in a sentence

  • Additionally, concurrently with the Compliance Certificates required during the Ratio Adjustment Period (or any other period after the Covenant Relief Period during which certain covenants are annualized), the Borrower and the Parent shall provide Administrative Agent (for informational purposes only) its calculation of the financial tests set forth in Section 10.1 based on a trailing-twelve month calculation.

  • At all times during the Covenant Relief Period and the Ratio Adjustment Period, the Borrower and its Subsidiaries shall maintain an Average Daily Liquidity of not less than $125,000,000.

  • Borrower and each other Loan Party shall, and shall cause their Subsidiaries to, during the Ratio Adjustment Period, cooperate with the Consultant, promptly furnishing or granting it access to the Loan Parties and Subsidiaries books, records, documents and financial information during reasonable business hours and promptly respond to the Consultant’s questions or requests for information.

  • For the avoidance of doubt, no Revolving Credit Loans shall be made by the Revolving Credit Lenders during the Ratio Adjustment Period.

  • At all times during the Covenant Relief Period and the Ratio Adjustment Period, the Borrower and its Subsidiaries shall maintain an Average Daily Liquidity of not less than $100,000,000125,000,000.


More Definitions of Ratio Adjustment Period

Ratio Adjustment Period means the period commencing on the last day of the Covenant Relief Period and continuing through and includingending on the date which is the earliest of (i) the date the Borrower has delivered a notice (which notice shall certify that the requirements have been met to deliver such notice) to the Administrative Agent electing to terminate the Ratio Adjustment Period; provided that such notice cannot be provided sooner than the last day of the Restriction Period, (ii) the date the Borrower has delivered a notice to the Administrative Agent to effect the Security Release Date and (iii) JanuaryApril 1, 20222023.
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