Examples of Covenant Testing Period in a sentence
During any Financial Covenant Testing Period, the Borrowers will not permit the Fixed Charge Coverage Ratio, as of the end of any fiscal quarter, commencing with the most recent fiscal quarter ending immediately beforefor which financial statements have been delivered in accordance with Section 5.01 prior to the date on which such Financial Covenant Testing periodPeriod commences, to be less than 1.00 to 1.00.
During the Covenant Testing Period, permit the Revenue Growth Rate for any trailing 4 fiscal quarter period, tested as of the last day of each fiscal quarter, to be less than (i) ten percent (10%) for each fiscal quarter ending on or prior to December 31, 2024, commencing with the fiscal quarter ending March 31, 2021, and (ii) five percent (5%) for each fiscal quarter ending thereafter.3 A.
During a Covenant Testing Period, permit the Revenue Growth Rate for any trailing 4 fiscal quarter period ending on the last day of each fiscal quarter of the Borrower to be less than (i) ten percent (10%) for each fiscal quarter ending on or prior to December 31, 20212024, commencing with the fiscal quarter ending March 31, 2021, and (ii) five percent (5%) for each fiscal quarter ending thereafter.