Examples of Covenant Relief Period in a sentence

During the Covenant Relief Period, permit Liquidity to be less than $15,000,00010,000,000 for any period of three (3) consecutive Business Days (the “Minimum Liquidity Covenant”).
During the Covenant Relief Period, STX and the Borrower shall not be permitted to make any cash payments upon conversion of any Convertible Debt Security in excess of the stated principal amount thereof plus any accrued and unpaid interest and cash in lieu of fractional shares.

More Definitions of Covenant Relief Period

Covenant Relief Period means the period from March 1, 2015 to and including March 30, 2017, or, with the consent of the Company, such earlier date as all of the holders of the Notes may agree in their sole discretion.

Covenant Relief Period means the period beginning on the First Amendment Effective Date through and including the last day of the fiscal quarter ending June 30, 2021.

Covenant Relief Period means the period commencing on the First Amendment Effective Date and ending on the earlier of (i) the date on which Administrative Agent receives a Covenant Relief Period Termination Notice from the Company (this clause (i), an “Early Covenant Relief Termination”) and (ii) the day immediately following the date on which a Compliance Certificate is delivered pursuant to Section 7.02 for the Fiscal Quarter ending June 30, 2021 (such earlier date, the “Covenant Relief Period Termination Date”).

Covenant Relief Period means the period commencing on the Amendment No. 3 Effective Date and ending on the Maturity Date; provided that, if the US Borrower shall have delivered to the Administrative Agent a written notice of its desire to terminate the Covenant Relief Period as of an earlier date, together with a certificate of a Financial Officer of the US Borrower certifying, in form and detail satisfactory to the Administrative Agent, that:

Covenant Relief Period means the period commencing on the Amendment No. 1 Effective Date and ending on and including December 31, 2022.

Covenant Relief Period means the period commencing on June 30, 2020, and ending on (and including) the Covenant Relief Period Termination Date.

Covenant Relief Period means the period commencing on (and including) the Amendment No. 4 Effective Date and ending on (but excluding) the earlier of (a) October 1, 2021 and (b) the first date the Administrative Agent receives both (i) a Compliance Certificate pursuant to Section 5.02(b) that (x) certifies that no Default or Event of Default occurred during the most recently ended fiscal quarter or had occurred and was continuing as of the date of such Compliance Certificate, (y) demonstrates compliance with the financial covenants set forth in Section 6.18 as of the end of the most recently ended fiscal quarter and (z) demonstrates a Net Leverage Ratio that is not greater than 4.00 to 1.00 as of the end of the most recently ended fiscal quarter, and (ii) written notice from the Company, delivered together with the Compliance Certificate described in the foregoing clause (b)(i), specifying that the Covenant Relief Period shall end as of the date of such Compliance Certificate.