Relevant Four Fiscal Quarter Period means, with respect to any requested Specified Equity Contribution, the four-fiscal quarter period ending on (and including) the fiscal quarter in which Consolidated Adjusted EBITDA will be increased as a result of such Specified Equity Contribution.
Relevant Four Fiscal Quarter Period as defined in Section 8.2.
Relevant Four Fiscal Quarter Period shall have the meaning given in Section 7.03.
Examples of Relevant Four Fiscal Quarter Period in a sentence
To the extent that the proceeds of the Specified Equity Contribution are used to repay Indebtedness, such Indebtedness shall not be deemed to have been repaid for purposes of calculating the financial covenants set forth in Section 6.07 for the Relevant Four Fiscal Quarter Period.
More Definitions of Relevant Four Fiscal Quarter Period
Relevant Four Fiscal Quarter Period as defined in the definition of “Specified Equity Contribution.”
Relevant Four Fiscal Quarter Period means, with respect to any requested Specified Equity Contribution, the four Fiscal Quarter 135 period ending on (and including) the Fiscal Quarter in which Consolidated Adjusted EBITDA will be increased as a result of such Specified Equity Contribution. Notwithstanding anything herein to the contrary, (i) with respect to any Event of Default arising solely under Section 6.08(a) or Section 6.08(b), prior to the Subject Date associated therewith, none of Administrative Agent, Collateral Agent nor any Lender shall exercise any rights or remedies pursuant to Article VII or any other provision of any Loan Document or applicable law solely on the basis of such Event of Default having occurred and being continuing; provided that, for purposes of clarification, the foregoing shall not be deemed to permit the Borrower or any other Loan Party to request Loans or take any other actions during the pendency of any Event of Default arising Section 6.08(a) or Section 6.08(b) that would otherwise be prohibited by the Loan Documents while any Default or Event of Default has occurred and is then continuing, and (ii) if, after giving effect to the foregoing recalculations, the requirements of Section 6.08(a) or Section 6.08(b) shall be satisfied, then the requirements of Section 6.08(a) or Section 6.08(b) shall be deemed satisfied as of the end of the relevant Fiscal Quarter with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach of Section 6.08(a) and/or Section 6.08(b) that had occurred (and any resultant Default or Event of Default) shall be deemed retroactively not to have occurred for the purposes of this Agreement (including for purposes of Section 4.02).
Relevant Four Fiscal Quarter Period means, with respect to any requested Specified Equity Contribution, the four Fiscal Quarter period ending on (and including) the Fiscal Quarter in which Consolidated Adjusted EBITDA will be increased as a result of such Specified Equity Contribution. It is understood and agreed that, so long as Borrower has provided Administrative Agent with notice of the intention to solicit an Specified Equity Contribution, until the end of the Cure Period, none of Administrative Agent, Collateral Agent, any Lender, any other Secured Party, or any of their respective Affiliates shall exercise any remedy, pursuant to the terms of the Credit Documents, due to a Financial Covenant Default and no Default or Event of Default shall be deemed to have occurred under the Credit Documents; provided, however, during such period Borrower shall not be entitled to request and no Lender shall be obligated to make, any Revolving Loans (including Swing Line Loans).
Relevant Four Fiscal Quarter Period means, with respect to any requested Specified Equity Contribution, the four Fiscal Quarter period ending on (and including) the Fiscal Quarter in which Combined Economic Income shall be increased as a result of such Specified Equity Contribution. The Administrative Agent shall promptly notify each Term Loan Lender of the contents of the Borrower’s prepayment notice and of such Term Loan Lender’s Pro Rata Share of the prepayment. Each Term Lender may reject all or a portion of its Pro Rata Share of any prepayment under this Section 8.02(a) by providing written notice to the Administrative Agent and the Borrower no later than 5:00 p.m. (New York time) one Business Day after the date of such Xxxxxx’s receipt of notice from the Administrative Agent regarding such prepayment.
Relevant Four Fiscal Quarter Period means, with respect to any requested Specified Equity Contribution, the four Quarter period ending on (and including) the Quarter in which Operating Cash Flow will be increased as a result of such Specified Equity Contribution.
Relevant Four Fiscal Quarter Period means, with respect to any requested Equity Cure Contribution, the four fiscal quarter period ending on (and including) the fiscal quarter in which Consolidated EBITDA will be increased as a result of such Equity Cure Contribution. Notwithstanding anything to the contrary contained in Section 8.02, from and after the effectiveness of the Cure Notice neither the Administrative Agent nor any Lender may exercise any rights or remedies under Section 8.02 (or under any other Loan Document) on the basis of the Event of Default under Section 7.15 (and any other Default as a result thereof), in each case, until and unless the Cure Expiration Date has occurred without the proceeds of the Equity Cure Contribution actually having been received in cash by the Borrower and the Borrower shall not be permitted to make any Borrowings hereunder during such period.
Relevant Four Fiscal Quarter Period means, with respect to any requested Specified Equity Contribution, the four Fiscal Quarter period ending on (and including) the SECOND LIEN CREDIT AGREEMENT WESTWOOD ONE, INC. Fiscal Quarter in which Consolidated EBITDA will be increased as a result of such Specified Equity Contribution. In the event the Borrower is in compliance with Sections 5.1 and 5.2 for any applicable period, but has failed to comply with Section 5.1 or 5.2 of the First Lien Credit Agreement for such period, and such failure is cured with a “Specified Equity Contribution” under and as defined in the First Lien Credit Agreement, then such “Specified Equity Contribution” shall constitute a Specified Equity Contribution hereunder and shall be included, subject to the terms hereof, in the calculation of Consolidated EBITDA for the purpose of determining compliance with the financial covenants set forth in Sections 5.1 and 5.2 at the end of such fiscal quarter and any subsequent period that includes such Fiscal Quarter; provided that such exercise of the right to make a “Specified Equity Contribution” under the First Lien Credit Agreement shall not constitute an exercise of the right to make a Specified Equity Contribution hereunder for purposes of clause (d) of the proviso to the preceding sentence.