First Anniversary means the first anniversary of the Closing Date.
Relevant Anniversary See "Bankruptcy Loss Amount."
CONTRACT ANNIVERSARY The anniversary of the Contract Date.
Anniversary Each anniversary of the Cut-off Date.
Policy Anniversary means the annual anniversary of the Date of Commencement of Risk;
Anniversary Date means each anniversary of the Closing Date.
Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.
Month means a calendar month.
Service credit year means an accumulation of months of
Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.
FX Valuation Date means the FX Calculation Date immediately following the respective Valuation Date.
Streamline Period is, on and after the Effective Date, provided no Event of Default has occurred and is continuing, the period (a) commencing on the first day of the month following the day that Borrower provides to Bank a written report that Borrower has, at all times during the immediately preceding month, maintained an Adjusted Quick Ratio, as determined by Bank in its sole discretion, of at least the Required Streamline Ratio; and (b) terminating on the earlier to occur of (i) the occurrence of an Event of Default, and (ii) the first day thereafter in which Borrower fails to maintain the Required Streamline Ratio, as determined by Bank in its sole discretion. Upon the termination of a Streamline Period, Borrower must maintain the Required Streamline Ratio each consecutive day for one (1) fiscal quarter as determined by Bank in its sole discretion, prior to entering into a subsequent Streamline Period. Borrower shall give Bank prior written notice of Borrower’s election to enter into any such Streamline Period, and each such Streamline Period shall commence on the first day of the monthly period following the date Bank determines, in its sole discretion, that the Required Streamline Ratio has been achieved.
Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.
Service credit month means a full service credit month or an
Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).
DBRS Equivalent Rating means, with respect to any date and any Person with respect to whom DBRS does not maintain a public Relevant DBRS Rating as of such date,
ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.
Quarterly Valuation Date means the last Business Day of the last month of each fiscal quarter of the Trust in each fiscal year of the Trust, commencing November 29, 2002.
Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.
Range During Month or "(RDM)" as a sample type means the lowest and the highest values of all of the monitoring data for the reporting month.
Twelve-Month Period means a twelve-month period ending on the first anniversary of the Effective Date or on each subsequent anniversary thereof.
First Year means the intake group of Students for the most junior class or year in a school.
Annual Valuation Date means the Valuation Date each calendar year so designated by the Trust, commencing in the calendar year 2003.
Average Daily Balance means the balance sum computed by dividing the sum of the balance outstanding on each day from the first day of the next Billing Period by the number of days in that Billing Period. For the purpose of computation, each day’s balance is determined by adjusting the Total New Balance with payments, credit, cash withdrawal, purchases of goods and/or services obtained on the Sales Drafts and/or Cash Withdrawal Drafts received by Maybank before the Closing Date of each Billing Period;
Rating period means the calendar period for which premium rates established by a small employer carrier are assumed to be in effect.
One year means 365 calendar days as required in federal regulations.