Bulge Period definition

Bulge Period means the period beginning on October ____, 2012 and ending on Termination Date of the Revolving Credit Loan.
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Bulge Period means the period starting September 29, 2022 and ending, at the Borrower’s option, no earlier than December 31, 2022 and no later than January 31, 2023.” 2.3 Section 1.1.52 of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following: “1.1.52 “Credit Facility” – means the committed revolving credit facility in the maximum amount of one hundred and twenty-five million CDollars (C$125,000,000) or the Equivalent Amount in USDollars, except for the Bulge Period where it should be increased to one hundred and forty million CDollars (C$140,000,000) or the Equivalent Amount in US Dollars, which the Lenders will make available to the Borrower pursuant to, and in accordance with the terms of, ARTICLE 3 and the other provisions of this Agreement.”
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Bulge Period. The period of time commencing on the Bulge Effective Date and ending on the later of: (a) October 15, 2002; and (b) the date the sum of the outstanding principal balance of the Note, plus the Letter of Credit Obligations, is permanently reduced to One Hundred Million Dollars ($100,000,000.00) or less.
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Examples of Bulge Period in a sentence

  • Permit the Total Leverage Ratio to exceed sixty percent (60%) as of the last day of any fiscal quarter; provided that for the two (2) consecutive quarters following any Material Acquisition (each such period, a “Leverage Bulge Period”), the Total Leverage Ratio may exceed sixty percent (60%) so long as it does not exceed sixty-five percent (65%), but only if such ratio was equal to or less than sixty percent (60%) for at least one (1) fiscal quarter following any immediately prior Leverage Bulge Period.

  • Fixed Charge Coverage Ratio (Line III.A divided by Line III.B): to 1.0 1 During a Leverage Bulge Period.

  • Section 1.1. 11 of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following: “1.1.11 “Applicable Margin” – means, at anytime other than during the Bulge Period, with respect to the Credit Facility, the annual nominal percentage rates set forth below opposite the applicable Level: [Redacted] 1 Additions shown in underlined/bold and removals shown in strikethrough.

  • The Credit Parties shall cause the Consolidated Leverage Ratio as of the end of any fiscal quarter, to be equal to or less than 60%; provided that for the four consecutive quarters following any Significant Acquisition (each such period, a “Leverage Bulge Period”), such ratio may exceed 60% so long as it does not exceed 65%, but only if the Consolidated Leverage Ratio was equal to or less than 60% for at least one (1) fiscal quarter following any immediately prior Leverage Bulge Period.

  • The Credit Parties shall cause the Consolidated Leverage Ratio as of the end of each fiscal quarter to be equal to or less than 60%; provided that, for the four consecutive quarters following any Significant Acquisition (each such period, a “Leverage Bulge Period”), such ratio may exceed 60% so long as it does not exceed 65%, but only if the Consolidated Leverage Ratio was equal to or less than 60% for at least one (1) fiscal quarter following any immediately prior Leverage Bulge Period.

  • In addition to the standby fee payable under the Loan Agreement, during the Bulge Period the Borrower shall also pay a standby fee on the average daily unused amount of the undrawn portion of the increased Credit Limit of Facility 1, payable on the third Business Day following the last Business Day of fiscal quarters ending September and December 2021.

  • In addition to its repayment obligations under the Loan Agreement, the Borrower shall pay (without any prepayment fee) to the Bank on the last business day of the Bulge Period the amount required to bring the outstanding drawdowns under Facility 1 into compliance with the reduced Credit Limit applicable to Facility 1 as of January 1st, 2022.


More Definitions of Bulge Period

Bulge Period means the period commencing July 15, 2001 and ending September 30, 2001.
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