LCT Election definition

LCT Election has the meaning assigned to such term in Section 1.06.
LCT Election shall have the meaning provided in Section 1.12(b).
LCT Election has the meaning set forth in Section 1.02(h).

Examples of LCT Election in a sentence

  • If the Company has made an LCT Election and any of the ratios, tests or baskets for which compliance was determined or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such ratio, test or basket, including due to fluctuations in Consolidated EBITDA, of the Target and its Target Restricted Subsidiaries at or prior to the consummation of the relevant transaction or action, such baskets or ratios will not be deemed to have been exceeded as a result of such fluctuations.


More Definitions of LCT Election

LCT Election as defined in Section 1.4.
LCT Election as defined in Subsection 1.2(j).
LCT Election means the Borrower’s election to test the permissibility of a Limited Condition Transaction in accordance with the methodology set forth in Section 1.06.
LCT Election has the meaning specified in Section 1.9(a).
LCT Election has the meaning specified in Section 1.13(a). “LCT Test Date” has the meaning specified in Section 1.13(a).
LCT Election means the Borrower’s election to treat a specified acquisition as a Limited Condition Transaction in accordance with Section 1.06.
LCT Election means the Borrower’s election to test the permissibility of a Limited Condition Acquisition in accordance with the methodology set forth in Section 1.08.