Examples of Temporary Increase Period in a sentence
The Borrowers shall not, as of the last day of each fiscal quarter of the Consolidated Group during such period, permit the Total Leverage Ratio to be greater than 5.25 to 1.00; provided that, notwithstanding anything in the foregoing to the contrary, during any Temporary Increase Period, the Borrowers shall not as of the last day of each such fiscal quarter of the Consolidated Group during such Temporary Increase Period permit the Total Leverage Ratio to be greater than 5.50 to 1.00.
F-13On August 4, 2021, the parties to the TBK Agreement entered into a First Amendment Agreement to increase the credit facility from $30.0 million to $40.0 million during the Temporary Increase Period, the period commencing on August 4, 2021, through and including December 2, 2021, with all other terms of the original TBK Agreement remained unchanged.
No Borrower shall, as of the last day of each calendar month, permit the ratio of such Borrower’s Debt to its Total Eligible Asset Value to exceed (i) 0.15 to 1.0 during the Temporary Increase Period and (ii) 0.10 to 1.0 for all other times.
In this case, the variable maximally separating these subsegments was “cropland harvested” and the break point maximizing the split for this variable was 48 acres.
After the expiration of the Temporary Increase Period, if Total Revolving Outstandings exceed the lesser of (i) the Maximum Revolving Principal Amount (after being reduced back to $20,000,000) or (ii) the Borrowing Base then in effect, Borrower shall make an immediate prepayment under the Revolving Loan so the Total Revolving Outstandings do not exceed the Maximum Revolving Principal Amount as decreased hereby at such time.