Specified Quarter definition

Specified Quarter means a fiscal quarter of the Company during which an Acquisition has been consummated and the aggregate consideration paid or to be paid in respect of such Acquisition is equal to or greater than $500,000,000.

Specified Quarter means a fiscal quarter of the Borrower during which a Material Acquisition has been consummated by the Borrower or one of its Subsidiaries.

Specified Quarter means a fiscal quarter of Holdings during which an acquisition or purchase permitted by Section 6.03(g) has been consummated by Holdings or one of its Subsidiaries and the aggregate cash consideration and indebtedness assumed in accordance with the terms of this Agreement in respect of such acquisition or purchase is equal to or greater than $35,000,000.

Examples of Specified Quarter in a sentence

• In addition, notwithstanding any mandatory prepayment of Obligations pursuant to Section 2.4(e)(ii), any Indebtedness so prepaid shall be deemed to remain outstanding for purposes of determining pro forma or actual compliance with the Specified Financial Covenant or for determining any pricing, financial covenant based conditions or baskets with respect to the covenants contained in this Agreement, in each case in the Specified Quarter or subsequent periods that include such Fiscal Quarter.

• If at the end of any fiscal quarter of the Borrower (beginning with the quarter ending June 30, 1997) prior to the first anniversary of the Closing Date the aggregate principal amount of the Loans shall exceed the Threshold Amount (each such fiscal quarter, a "Specified Quarter"), then the Borrower shall (subject to Sections 2.08 and 5.05 hereof) prepay a principal amount of the Loans and accrued interest thereon in an aggregate amount equal to 100% of Excess Cash Flow for such specified quarter.

• The Borrower will give written notice to the Administrative Agent and Lenders of the Borrower’s intent to effectuate a Cure prior to its delivery to the Administrative Agent and Lenders of the Compliance Certificate as required by Section 5.02(a) for the Specified Quarter End.

• Upon such delivery, the Borrower shall be deemed to have satisfied the requirements of Sections 5.10(a) and 5.10(b), as of the Specified Quarter End with the same effect as though there had been no failure to comply therewith on such date, and the applicable breach or default of any such covenant that had occurred shall be deemed cured for purposes of this Agreement and the other Loan Documents.

• If, after giving effect to a recalculation of the Specified Covenants giving effect to the Cure, the Borrower shall then be in compliance with the requirements of the Specified Covenants, as applicable, the Borrower shall, prior to the end of the Cure Period, deliver to the Administrative Agent and Lenders a recalculated Compliance Certificate for the periods ending on the Specified Quarter End demonstrating compliance with the Specified Covenants and certifying that there exists no other Event of Default.

More Definitions of Specified Quarter

Specified Quarter shall have the meaning provided in the definition of Distributable Free Cash Flow.

Specified Quarter means the fourth fiscal quarter of 2020 based on actual numbers to the extent the testing date is in 2021 and, to the extent the testing date is in 2020 based on actual numbers for such portion of the fiscal quarter prior to the Closing Date, and based on reasonable pro forma projections for such portion of the fiscal quarter after the Closing Date. “Consolidated EBITDAX” shall be calculated on a building annualized basis so that (i) for a testing date in 2020 or a testing date in the first fiscal quarter of 2021 (up to but not including the last day of the first fiscal quarter of 2021), Consolidated EBITDAX for such quarter shall be calculated by multiplying Consolidated EBITDAX for the Specified Quarter by four, (ii) for a testing date on the last day of the first fiscal quarter of 2021 or the second fiscal quarter of 2021 (up to but not including the last of the second fiscal quarter of 2021), Consolidated EBITDAX for such quarter shall be calculated by multiplying Consolidated EBITDAX for the first fiscal quarter of 2021 by four, (iii) for a testing date on the last day of the second fiscal quarter or in the third fiscal quarter of 2021 (up to but not including the last day of the third fiscal quarter), Consolidated EBITDAX for the such quarter shall be calculated by multiplying Consolidated EBITDAX for the first two fiscal quarters in 2021 by two and (iv) for a testing date on the last day of the third fiscal quarter of 2021 or the fourth fiscal quarter of 2021 (up to but not including the last day of the fourth fiscal quarter), the first three fiscal quarters of 2021 multiplied by four divided by three or (b) for a testing date on any date thereafter, Consolidated EBITDAX for the immediately preceding four fiscal quarter period. Negative Covenants: Subject to the Documentation Principles, to be substantially the same as the Prepetition Credit Agreement to be limited to:

Specified Quarter means a fiscal quarter of the Borrower during which an Acquisition has been consummated and the aggregate consideration paid or to be paid in respect of such Acquisition is equal to or greater than $500,000,000.

Specified Quarter means the last fiscal quarter of the most recent Test Period ended on or prior to the termination of the Covenant Relief Period. “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

Specified Quarter means a fiscal quarter of the Borrower during which a Material Acquisition has been consummated by a Loan Party.

Specified Quarter is defined in Section 9.6.

Specified Quarter means a fiscal quarter of the Borrower during which an acquisition has been consummated by the Borrower or one of its Subsidiaries and the aggregate consideration paid or to be paid in respect of such acquisition, together with the aggregate consideration paid or to be paid in respect of certain acquisitions consummated by the Borrower or one of its Subsidiaries during the 90 day period immediately preceding the date of the consummation of such acquisition (if any) and specifically identified by the Borrower (collectively, the “Specified Acquisitions”) is equal to or greater than $150,000,000 (and the Borrower shall provide to the Administrative Agent a pro forma compliance certificate in respect of such Specified Acquisitions). For the avoidance of doubt, no Specified Acquisition in respect of any Specified Quarter (or consideration paid or to be paid in respect of any such Specified Acquisition in respect of any Specified Quarter) may be designated as a Specified Acquisition in respect of any other Specified Quarter.