Adjustment Trigger Date definition
Examples of Adjustment Trigger Date in a sentence
Such adjustment shall become effective immediately after the opening of business on the day next following such Adjustment Trigger Date.
For all purposes of this Agreement, a Potential Adjustment Event shall be deemed to have occurred and be continuing during the period commencing on the occurrence of any Adjustment Trigger Date with respect thereto and ending upon the notification by the Calculation Agent to Borrower of the relevant adjustment or the Calculation Agent’s determination that no such adjustment is necessary.
Additionally, notwithstanding the foregoing ratios for the periods indicated, during the Adjustment Period the Total Leverage Covenant shall be 7:50 to 1:00, provided that, to the extent required by the definition of "Adjustment Trigger Date," the Borrower or the Parent Company or both have issued not less than (i) $100,000,000 in Preferred Stock or other Capital Stock, plus (ii) $200,000,000 in Subordinated Debt.