Relief Period Termination Date definition

Relief Period Termination Date has the meaning specified in Section 7.09.

Relief Period Termination Date means the earlier of (i) the last day of the fiscal quarter ending on or about March 31, 2022 and (ii) the date of occurrence of any Specified Event.

Relief Period Termination Date means the date, which may be no earlier than the date of delivery of the Compliance Certificate for the fiscal quarter of the Borrower ending December 31, 2019, on which the Borrower has made a written request for the termination of the Relief Period, and has attached thereto a certification (including reasonably detailed calculations with respect thereto) demonstrating that (a) the Senior Leverage Ratio (calculated as of the last day of the most recent Fiscal Quarter ending on or prior to such day for which the financial statements and certificates required by Section 6.01(a) or 6.01(b) have been delivered) is not greater than 2.25 to 1.00 and (b) the Interest Coverage Ratio (calculated as of the last day of the most recent Fiscal Quarter ending on or prior to such day for which the financial statements and certificates required by Section 6.01(a) or 6.01(b) have been delivered) is not less than 4.00 to 1.00.

Examples of Relief Period Termination Date in a sentence

• The Parent Guarantor and the Borrower shall not permit the Leverage Ratio to exceed (i) from and after the Covenant Relief Period Termination Date but prior to the Leverage Relief Period Termination Date, the ratio set forth beside the applicable test date in the table below, and (ii) from and after the Leverage Relief Period Termination Date, 7.00 to 1.00.

• Notwithstanding the foregoing, the Compliance Certificate for the first three quarterly test dates following the Covenant Relief Period Termination Date, shall contain an informational schedule, prepared in good faith, setting forth its calculation of the Financial Covenants assuming that such financial tests (and underlying definitions) were prepared on a trailing-four quarter basis.

• Such prepayment shall be made within five Business Days after the Net Cash Proceeds Receipt Date of such Asset Sale or Casualty Event, as applicable (for the avoidance of doubt, it being understood that if the Net Cash Proceeds Receipt Date occurs after the Covenant Relief Period Termination Date, then no such prepayment shall be required).

• Within 30 days prior to the end of the Temporary Trigger Relief Period Termination Date, the Borrower, the Collection Agent, the Administrative Agent and the Majority Lenders (or their respective Managing Agents) agree to negotiate in good faith amendments to the Events of Default listed in clauses (h) and (i) of Section 7.01, based on historical data and financial projections.

• In respect of the earlier of (i) September 30, 2021 or (ii) the second test date following the Covenant Relief Period Termination Date Applicable calculations/results for the two (2) fiscal quarters ending on such test date (or if such test date does not occur as of the end of a fiscal quarter, the two (2) fiscal quarters most recently ended prior to such test date) multiplied by 2.

More Definitions of Relief Period Termination Date

Relief Period Termination Date means the date, which may be no earlier than the date of delivery of the Compliance Certificate for the fiscal quarter of the Borrower ending December 31, 2018 2019 , on which the Borrower has made a written request for the termination of the Relief Period, and has attached thereto a certification (including reasonably detailed calculations with respect thereto) demonstrating that (a) the Senior Leverage Ratio (calculated as of the last day of the most recent Fiscal Quarter ending on or prior to such day for which the financial statements and certificates required by Section 6.01(a) or 6.01(b) have been delivered) is not greater than 2.25 to 1.00 and (b) the Interest Coverage Ratio (calculated as of the last day of the most recent Fiscal Quarter ending on or prior to such day for which the financial statements and certificates required by Section 6.01(a) or 6.01(b) have been delivered) is not less than 4.00 to 1.00.

Relief Period Termination Date the earlier of (i) the date on which the Administrative Agent receives a Compliance Certificate from the Company pursuant to Section 6.02(b) demonstrating a Total Net Leverage Ratio not greater than 4.00:1.00 and a ratio of Consolidated EBITDA to Consolidated Interest Charges, on a Pro Forma Basis, of not less than 3.00:1.00 and (ii) the date on which the Administrative Agent receives a Compliance Certificate from the Company pursuant to Section 6.02(b) in respect of the fiscal quarter ending on December 31, 2024.

Relief Period Termination Date the earliest of (in each case, on which date the Relief Period will terminate permanently for all purposes of the Credit Agreement and the other Loan Documents) (A) the date of delivery of the Compliance Certificate pursuant to Section 6.2(b)(ii)(x) of the Credit Agreement for the fiscal year ending December 31, 2021 demonstrating compliance with the Leverage Covenant (after giving effect to Section II(a)(2) of the Leverage Covenant Waiver), (B) following a Covenant Reset Trigger, the date of delivery of the Compliance Certificate pursuant to Section 6.2(b)(ii)(x) of the Credit Agreement for the first fiscal quarter ending on or after the date of such Covenant Reset Trigger, (C) the date on which the Borrower delivers to the Administrative Agent a Relief Period Termination and Compliance Certificate; provided that the Borrower may only deliver a Relief Period Termination and Compliance Certificate concurrently with the delivery of financial statements pursuant to Section 6.1(a) or 6.1(b) of the Credit Agreement, and (D) the date on which both (i) the Borrower delivers to the Administrative Agent a Relief Period Termination Certificate and (ii) no Revolving Extensions of Credit are outstanding; provided, further, that, for the avoidance of doubt, the Borrower may only deliver a Relief Period Termination Certificate or a Relief Period Termination and Compliance Certificate once.

Relief Period Termination Date means the earliest of (i) the date designated by the Borrower, in its sole discretion, in writing to the Administrative Agent as the Relief Period Termination Date, which designation shall be irrevocable (the “Relief Period Termination Notice”); provided that the Borrower shall be permitted to deliver such written designation to the Administrative Agent only if the the First Lien Leverage Ratio as of the end of the most recently ended Test Period, on a Pro Forma Basis, would be no greater than 4.25:1.00, (ii) the first day of the fiscal quarter ending June 30, 2022 and (iii) the date of the occurrence of any Relief Period Termination Trigger after the First Amendment Effective Date.

Relief Period Termination Date the earlier of (x) the date on which the Administrative Agent receives a Compliance Certificate from the Company pursuant to Section 6.02(b) in respect of the fiscal year ending December 31, 2021 and (y) the date that is specified as such on the Relief Period Termination Notice, if any.”

Relief Period Termination Date the earlier of (x) the date of delivery of the Compliance Certificate pursuant to Section 6.2(b) for the fiscal quarter ending June 30, 2022 demonstrating compliance with the covenant set forth in Section 7.1(a)(ii) on such date and (y) the date on which the Borrower delivers to the Administrative Agent a Relief Period Termination Certificate; provided that the Borrower may only deliver a Relief Period Termination Certificate concurrently with the delivery of financial statements pursuant to Section 6.1(a) or 6.1(b); provided, further, that the Borrower may only deliver a Relief Period Termination Certificate once, on which date the Relief Period will terminate permanently for all purposes of this Agreement and the other Loan Documents.

Relief Period Termination Date in Section 7.09 of the Credit Agreement is hereby amended and restated in its entirety as follows: