Trigger Quarter definition

Trigger Quarter has the meaning set forth in Section 6.08.

Trigger Quarter has the meaning set forth in Section 10.2(a).

Trigger Quarter has the meaning specified in Section 7.12(b).

Examples of Trigger Quarter in a sentence

• Once a Trigger Quarter is elected or deemed elected, no subsequent Trigger Quarter may be elected or deemed elected by the Borrower unless and until the actual Leverage Ratio is less than or equal to 3.75 to 1.00 as of the end of two consecutive fiscal quarters of the Borrower after the election.

• IHS shall have determined that it will be in compliance with the covenants contained in Article VII on a Pro Forma basis for the four (4) fiscal quarter period then most recently ended and if an Elevated Leverage Period is not then in effect, IHS may assume that an Elevated Leverage Period was in effect as of the end of such period if IHS has the ability to elect the current fiscal quarter as a Trigger Quarter.

• The Leverage Holiday Interest shall begin to accrue on the first day of the Trigger Quarter, and shall continue to accrue throughout the Leverage Holiday.

• Such election shall be made by the delivery of a written notice by the Borrower to the Administrative Agent making reference to this Section 7.01(b) and notifying the Administrative Agent of the Borrower’s exercise of this right on or prior to the date of the actual or required delivery of a Compliance Certificate for the Trigger Quarter.

• If the Borrower has notified the Administrative Agent in writing that an Acquisition Threshold has been achieved and has elected a Trigger Quarter or shall be deemed to have selected a Trigger Quarter, then the Maximum Leverage Ratio shall be increased to 4.00 to 1.00 during the related Elevated Leverage Period.

More Definitions of Trigger Quarter

Trigger Quarter means a fiscal quarter that IHS has designated in writing as such and for which IHS has notified the Administrative Agent that an Acquisition Threshold has been achieved; provided that with respect to any acquisition, a Trigger Quarter shall be deemed to have been elected for the fiscal quarter during which such acquisition was closed if IHS shall have assumed that an Elevated Leverage Period existed when calculating Pro Forma compliance under Section 6.01(e)(ii)(A), Section 6.01(h)(i), Section 6.04(h)(ii), or Section 6.04(j)(ii).

Trigger Quarter has the meaning assigned to such term in Section 7.02.

Trigger Quarter means a fiscal quarter that the Borrower has designated in writing as such and for which the Borrower has notified the Administrative Agent that an Acquisition Threshold has been achieved; provided that with respect to any acquisition or similar investment, a Trigger Quarter shall be deemed to have been elected for the fiscal quarter during which such acquisition or similar investment was closed if the Borrower shall have assumed that an Elevated Leverage Period existed when calculating Pro Forma compliance.

Trigger Quarter has the meaning assigned to that term in Section 9.1.

Trigger Quarter is defined in Section 7.4(A) hereof.

Trigger Quarter is defined in Section 6.18(a) hereof.

Trigger Quarter means a fiscal quarter that Holdings or MGHL has designated in writing as such and for which Holdings or MGHL has notified the Administrative Agent that an Acquisition Threshold has been achieved; provided that with respect to any acquisition or similar Investment, a Trigger Quarter shall be deemed to have been elected for the fiscal quarter during which such acquisition was closed if Holdings shall have assumed that an Elevated Leverage Period existed when calculating Pro Forma compliance under Section 6.01(h)(i) or Section 6.04(k)(ii).